PDP vs. KOMP

Last updated Jun 4, 2026

PDP (Invesco Dorsey Wright Momentum ETF) and KOMP (SPDR S&P Kensho New Economies Composite ETF) are both exchange-traded funds - PDP is a Momentum fund tracking the Dorsey Wright Technical Leaders Index, while KOMP is a Mid Cap Growth Equities fund tracking the S&P Kensho New Economies Composite Index. Both are passively managed. Over the past 5 years, PDP returned 11.32%/yr vs 3.36%/yr for KOMP. Their correlation of 0.83 suggests significant overlap in exposure. PDP charges 0.62%/yr vs 0.20%/yr for KOMP.

Performance

PDP vs. KOMP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dorsey Wright Momentum ETF (PDP) and SPDR S&P Kensho New Economies Composite ETF (KOMP). 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 KOMP's 23.59% 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%

KOMP

• 1D: -2.06%
• 1M: 11.27%
• YTD: 23.59%
• 6M: 21.48%
• 1Y: 46.75%
• 3Y*: 21.79%
• 5Y*: 3.36%
• 10Y*: —

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

PDP vs. KOMP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
PDP Invesco Dorsey Wright Momentum ETF	24.95%	8.37%	26.06%	20.88%	-24.49%	7.72%	36.59%	33.13%	-9.52%
KOMP SPDR S&P Kensho New Economies Composite ETF	23.59%	19.74%	10.05%	20.09%	-32.21%	3.67%	61.28%	37.12%	-10.32%

Correlation

The correlation between PDP and KOMP is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Oct 24, 2018	0.83

The correlation between PDP and KOMP has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.

PDP vs. KOMP - Sectors Allocation Comparison

Sectors	PDP	KOMP
Industrials	39.2%	28.2%
Technology	26.9%	33.0%
Healthcare	6.5%	11.6%
Energy	6.3%	2.8%
Consumer Cyclical	5.5%	4.7%
Financial Services	4.4%	5.8%
Consumer Defensive	3.8%	0.2%
Basic Materials	2.3%	2.9%
Communication Services	2.2%	5.6%
Utilities	1.6%	5.2%
Real Estate	1.3%	-

Return for Risk

PDP vs. KOMP — 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

KOMP

KOMP Risk / Return Rank: 57
KOMP Sharpe Ratio Rank: 59
KOMP Sortino Ratio Rank: 55
KOMP Omega Ratio Rank: 53
KOMP Calmar Ratio Rank: 61
KOMP Martin Ratio Rank: 56

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. KOMP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dorsey Wright Momentum ETF (PDP) and SPDR S&P Kensho New Economies Composite ETF (KOMP). 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	KOMP	Difference
Sharpe ratio: Return per unit of total volatility	1.70	2.03	-0.33
Sortino ratio: Return per unit of downside risk	2.29	2.67	-0.38
Omega ratio: Gain probability vs. loss probability	1.30	1.33	-0.04
Calmar ratio: Return relative to maximum drawdown	3.15	3.03	+0.12
Martin ratio: Return relative to average drawdown	11.16	9.86	+1.30
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. KOMP - Sharpe Ratio Comparison

The current PDP Sharpe Ratio is 1.70, which is comparable to the KOMP Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of PDP and KOMP, 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	KOMP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.70	2.03	-0.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.14	+0.38
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	0.52	-0.07

Drawdowns

PDP vs. KOMP - Drawdown Comparison

The maximum PDP drawdown since its inception was -59.34%, which is greater than KOMP's maximum drawdown of -50.06%. Use the drawdown chart below to compare losses from any high point for PDP and KOMP.

Drawdown Indicators

	PDP	KOMP	Difference
Max Drawdown Largest peak-to-trough decline	-59.34%	-50.06%	-9.28%
Max Drawdown (1Y) Largest decline over 1 year	-11.87%	-15.50%	+3.63%
Max Drawdown (3Y) Largest decline over 3 years	-23.79%	-24.93%	+1.14%
Max Drawdown (5Y) Largest decline over 5 years	-33.91%	-45.38%	+11.47%
Max Drawdown (10Y) Largest decline over 10 years	-34.70%	—	—
Current Drawdown Current decline from peak	0.00%	-2.06%	+2.06%
Average Drawdown Average peak-to-trough decline	-10.61%	-21.69%	+11.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.34%	4.75%	-1.41%

Volatility

PDP vs. KOMP - Volatility Comparison

The current volatility for Invesco Dorsey Wright Momentum ETF (PDP) is 6.51%, while SPDR S&P Kensho New Economies Composite ETF (KOMP) has a volatility of 7.43%. This indicates that PDP experiences smaller price fluctuations and is considered to be less risky than KOMP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PDP	KOMP	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.51%	7.43%	-0.92%
Volatility (6M) Calculated over the trailing 6-month period	17.34%	17.95%	-0.61%
Volatility (1Y) Calculated over the trailing 1-year period	21.94%	23.15%	-1.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.00%	24.78%	-2.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.59%	27.02%	-5.43%

PDP vs. KOMP - Expense Ratio Comparison

PDP has a 0.62% expense ratio, which is higher than KOMP's 0.20% expense ratio.

Dividends

PDP vs. KOMP - Dividend Comparison

PDP's dividend yield for the trailing twelve months is around 0.11%, less than KOMP's 1.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KOMP SPDR S&P Kensho New Economies Composite ETF	1.43%	1.84%	1.04%	1.27%	1.47%	1.44%	0.69%	0.81%	0.13%	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

Can I hold both PDP and KOMP in my portfolio?

PDP and KOMP have a correlation of 0.79, 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 KOMP?

KOMP has higher volatility (7.43%) compared to PDP (6.51%). In terms of maximum drawdown, PDP dropped -59.34% vs KOMP's -50.06%.

Which ETF is better, PDP or KOMP?

On 5-year performance, PDP leads with 11.32% vs 3.36% for KOMP. On fees, KOMP is cheaper at 0.20% 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 KOMP?

Over the 5-year period, PDP has performed better with a 11.32% return vs 3.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PDP or KOMP?

KOMP is cheaper with a 0.20% expense ratio, compared with 0.62% for PDP.

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

KOMP has the higher dividend yield at 1.43%, compared with 0.11% for PDP.

What is the main difference between PDP and KOMP?

PDP is categorized as Momentum, while KOMP is Mid Cap Growth Equities. PDP tracks Dorsey Wright Technical Leaders Index, while KOMP tracks S&P Kensho New Economies Composite Index. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.62% for PDP and 0.20% for KOMP.

Which has better risk-adjusted returns?

KOMP currently has the higher Sharpe Ratio (2.03 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.