PDP vs. ARKQ

Last updated Jun 4, 2026

PDP (Invesco Dorsey Wright Momentum ETF) and ARKQ (ARK Autonomous Technology & Robotics ETF) are both exchange-traded funds - PDP is a Momentum fund tracking the Dorsey Wright Technical Leaders Index, while ARKQ is a Technology Equities fund actively managed by ARK. PDP is passively managed, while ARKQ is actively managed. Over the past 10 years, PDP returned 13.60%/yr vs 22.53%/yr for ARKQ. A 0.75 correlation means they provide meaningful diversification when combined. PDP charges 0.62%/yr vs 0.75%/yr for ARKQ.

Performance

PDP vs. ARKQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dorsey Wright Momentum ETF (PDP) and ARK Autonomous Technology & Robotics ETF (ARKQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PDP achieves a 24.95% return, which is significantly higher than ARKQ's 21.08% return. Over the past 10 years, PDP has underperformed ARKQ with an annualized return of 13.60%, while ARKQ has yielded a comparatively higher 22.53% annualized return.

PDP

• 1D: 0.57%
• 1M: 6.22%
• YTD: 24.95%
• 6M: 24.18%
• 1Y: 37.20%
• 3Y*: 24.44%
• 5Y*: 11.32%
• 10Y*: 13.60%

ARKQ

• 1D: -2.13%
• 1M: 8.33%
• YTD: 21.08%
• 6M: 23.88%
• 1Y: 72.69%
• 3Y*: 39.07%
• 5Y*: 11.40%
• 10Y*: 22.53%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PDP vs. ARKQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PDP Invesco Dorsey Wright Momentum ETF	24.95%	8.37%	26.06%	20.88%	-24.49%	7.72%	36.59%	33.13%	-5.96%	23.30%
ARKQ ARK Autonomous Technology & Robotics ETF	21.08%	48.81%	33.88%	40.70%	-46.75%	1.74%	107.20%	25.94%	-7.89%	52.26%

Correlation

The correlation between PDP and ARKQ is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014	0.75

The correlation between PDP and ARKQ has been stable across timeframes, ranging from 0.73 to 0.78 - a consistent structural relationship.

PDP vs. ARKQ - Sectors Allocation Comparison

Sectors	PDP	ARKQ
Industrials	39.2%	37.1%
Technology	26.9%	32.6%
Healthcare	6.5%	2.2%
Energy	6.3%	1.9%
Consumer Cyclical	5.5%	16.9%
Financial Services	4.4%	-
Consumer Defensive	3.8%	-
Basic Materials	2.3%	-
Communication Services	2.2%	8.1%
Utilities	1.6%	1.3%
Real Estate	1.3%	-

Return for Risk

PDP vs. ARKQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PDP

PDP Risk / Return Rank: 53
PDP Sharpe Ratio Rank: 49
PDP Sortino Ratio Rank: 46
PDP Omega Ratio Rank: 46
PDP Calmar Ratio Rank: 63
PDP Martin Ratio Rank: 61

ARKQ

ARKQ Risk / Return Rank: 62
ARKQ Sharpe Ratio Rank: 66
ARKQ Sortino Ratio Rank: 58
ARKQ Omega Ratio Rank: 54
ARKQ Calmar Ratio Rank: 70
ARKQ Martin Ratio Rank: 59

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PDP vs. ARKQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dorsey Wright Momentum ETF (PDP) and ARK Autonomous Technology & Robotics ETF (ARKQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	PDP	ARKQ	Difference
Sharpe ratio: Return per unit of total volatility	1.70	2.25	-0.55
Sortino ratio: Return per unit of downside risk	2.29	2.79	-0.50
Omega ratio: Gain probability vs. loss probability	1.30	1.34	-0.05
Calmar ratio: Return relative to maximum drawdown	3.15	3.55	-0.40
Martin ratio: Return relative to average drawdown	11.16	10.75	+0.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PDP vs. ARKQ - Sharpe Ratio Comparison

The current PDP Sharpe Ratio is 1.70, which is comparable to the ARKQ Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of PDP and ARKQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PDP	ARKQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.70	2.25	-0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.36	+0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	0.76	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.66	-0.21

Drawdowns

PDP vs. ARKQ - Drawdown Comparison

The maximum PDP drawdown since its inception was -59.34%, roughly equal to the maximum ARKQ drawdown of -59.89%. Use the drawdown chart below to compare losses from any high point for PDP and ARKQ.

Drawdown Indicators

	PDP	ARKQ	Difference
Max Drawdown Largest peak-to-trough decline	-59.34%	-59.89%	+0.55%
Max Drawdown (1Y) Largest decline over 1 year	-11.87%	-20.58%	+8.71%
Max Drawdown (3Y) Largest decline over 3 years	-23.79%	-30.76%	+6.97%
Max Drawdown (5Y) Largest decline over 5 years	-33.91%	-55.71%	+21.80%
Max Drawdown (10Y) Largest decline over 10 years	-34.70%	-59.89%	+25.19%
Current Drawdown Current decline from peak	0.00%	-3.47%	+3.47%
Average Drawdown Average peak-to-trough decline	-10.61%	-17.24%	+6.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.34%	6.78%	-3.44%

Volatility

PDP vs. ARKQ - Volatility Comparison

The current volatility for Invesco Dorsey Wright Momentum ETF (PDP) is 6.51%, while ARK Autonomous Technology & Robotics ETF (ARKQ) has a volatility of 10.45%. This indicates that PDP experiences smaller price fluctuations and is considered to be less risky than ARKQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PDP	ARKQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.51%	10.45%	-3.94%
Volatility (6M) Calculated over the trailing 6-month period	17.34%	24.44%	-7.10%
Volatility (1Y) Calculated over the trailing 1-year period	21.94%	32.49%	-10.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.00%	32.23%	-10.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.59%	29.84%	-8.25%

PDP vs. ARKQ - Expense Ratio Comparison

PDP has a 0.62% expense ratio, which is lower than ARKQ's 0.75% expense ratio.

Dividends

PDP vs. ARKQ - Dividend Comparison

PDP's dividend yield for the trailing twelve months is around 0.11%, less than ARKQ's 0.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARKQ ARK Autonomous Technology & Robotics ETF	0.22%	0.27%	0.00%	0.00%	0.00%	0.80%	0.86%	0.00%	2.86%	1.54%	0.00%	0.98%
PDP Invesco Dorsey Wright Momentum ETF	0.11%	0.17%	0.15%	0.42%	0.45%	0.00%	0.11%	0.25%	0.18%	0.28%	0.81%	0.39%

Frequently Asked Questions

Can I hold both PDP and ARKQ in my portfolio?

PDP and ARKQ have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PDP or ARKQ?

ARKQ has higher volatility (10.45%) compared to PDP (6.51%). In terms of maximum drawdown, PDP dropped -59.34% vs ARKQ's -59.89%.

Which ETF is better, PDP or ARKQ?

On 10-year performance, ARKQ leads with 22.53% vs 13.60% for PDP. On fees, PDP is cheaper at 0.62% per year. On volatility, PDP has been the lower-risk option at 6.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PDP or ARKQ?

Over the 10-year period, ARKQ has performed better with a 22.53% return vs 13.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PDP or ARKQ?

PDP is cheaper with a 0.62% expense ratio, compared with 0.75% for ARKQ.

Which ETF pays a higher dividend yield, PDP or ARKQ?

ARKQ has the higher dividend yield at 0.22%, compared with 0.11% for PDP.

What is the main difference between PDP and ARKQ?

PDP is categorized as Momentum, while ARKQ is Technology Equities. They also come from different issuers: Invesco and ARK. Their fees differ too: 0.62% for PDP and 0.75% for ARKQ.

Which has better risk-adjusted returns?

ARKQ currently has the higher Sharpe Ratio (2.25 vs 1.70), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.