PDP vs. BBHM
PDP (Invesco Dorsey Wright Momentum ETF) and BBHM (BBH Select Mid Cap ETF) are both exchange-traded funds - PDP is a Momentum fund tracking the Dorsey Wright Technical Leaders Index, while BBHM is a Mid Cap Growth Equities fund tracking the Actively Managed. Both are passively managed. A 0.68 correlation means they provide meaningful diversification when combined. PDP charges 0.62%/yr vs 0.81%/yr for BBHM.
Performance
PDP vs. BBHM - Performance Comparison
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Returns By Period
In the year-to-date period, PDP achieves a 24.95% return, which is significantly higher than BBHM's 1.78% 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%
BBHM
- 1D
- -0.35%
- 1M
- -1.65%
- YTD
- 1.78%
- 6M
- -0.32%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PDP vs. BBHM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PDP Invesco Dorsey Wright Momentum ETF | 24.95% | 4.28% |
BBHM BBH Select Mid Cap ETF | 1.78% | 2.74% |
Correlation
The correlation between PDP and BBHM is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025 | 0.68 |
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Return for Risk
PDP vs. BBHM — Risk / Return Rank
PDP
BBHM
PDP vs. BBHM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dorsey Wright Momentum ETF (PDP) and BBH Select Mid Cap ETF (BBHM). 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 | BBHM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.30 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.15 | — | — |
| Martin ratioReturn relative to average drawdown | 11.16 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PDP | BBHM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.50 | -0.05 |
Drawdowns
PDP vs. BBHM - Drawdown Comparison
The maximum PDP drawdown since its inception was -59.34%, which is greater than BBHM's maximum drawdown of -9.78%. Use the drawdown chart below to compare losses from any high point for PDP and BBHM.
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Drawdown Indicators
| PDP | BBHM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.34% | -9.78% | -49.56% |
Max Drawdown (1Y)Largest decline over 1 year | -11.87% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -23.79% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -33.91% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.70% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -5.28% | +5.28% |
Average DrawdownAverage peak-to-trough decline | -10.61% | -2.71% | -7.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | — | — |
Volatility
PDP vs. BBHM - Volatility Comparison
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Volatility by Period
| PDP | BBHM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.51% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 17.34% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 21.94% | 17.46% | +4.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.00% | 17.46% | +4.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.59% | 17.46% | +4.13% |
PDP vs. BBHM - Expense Ratio Comparison
PDP has a 0.62% expense ratio, which is lower than BBHM's 0.81% expense ratio.
Dividends
PDP vs. BBHM - Dividend Comparison
PDP's dividend yield for the trailing twelve months is around 0.11%, while BBHM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBHM BBH Select Mid Cap ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
PDP and BBHM have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PDP is cheaper at 0.62% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PDP is cheaper with a 0.62% expense ratio, compared with 0.81% for BBHM.
PDP has the higher dividend yield at 0.11%, compared with 0.00% for BBHM.
PDP is categorized as Momentum, while BBHM is Mid Cap Growth Equities. PDP tracks Dorsey Wright Technical Leaders Index, while BBHM tracks Actively Managed. They also come from different issuers: Invesco and BBH. Their fees differ too: 0.62% for PDP and 0.81% for BBHM.
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