PDP vs. SCHG
Compare and contrast key facts about Invesco DWA Momentum ETF (PDP) and Schwab U.S. Large-Cap Growth ETF (SCHG).
PDP and SCHG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PDP is a passively managed fund by Invesco that tracks the performance of the Dorsey Wright Technical Leaders Index. It was launched on Mar 1, 2007. SCHG is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Large-Cap Growth Total Stock Market Total Return Index. It was launched on Dec 11, 2009. Both PDP and SCHG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PDP or SCHG.
Key characteristics
| PDP | SCHG | |
|---|---|---|
| YTD Return | 10.54% | 9.49% |
| 1Y Return | 25.92% | 38.02% |
| 3Y Return (Ann) | 2.91% | 9.70% |
| 5Y Return (Ann) | 10.58% | 17.82% |
| 10Y Return (Ann) | 10.18% | 15.75% |
| Sharpe Ratio | 1.82 | 2.48 |
| Daily Std Dev | 14.95% | 15.71% |
| Max Drawdown | -59.34% | -34.59% |
| Current Drawdown | -5.53% | -2.76% |
Correlation
The correlation between PDP and SCHG is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PDP vs. SCHG - Performance Comparison
In the year-to-date period, PDP achieves a 10.54% return, which is significantly higher than SCHG's 9.49% return. Over the past 10 years, PDP has underperformed SCHG with an annualized return of 10.18%, while SCHG has yielded a comparatively higher 15.75% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PDP vs. SCHG - Expense Ratio Comparison
PDP has a 0.62% expense ratio, which is higher than SCHG's 0.04% expense ratio.
Risk-Adjusted Performance
PDP vs. SCHG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Momentum ETF (PDP) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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.
Dividends
PDP vs. SCHG - Dividend Comparison
PDP's dividend yield for the trailing twelve months is around 0.27%, less than SCHG's 0.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDP Invesco DWA Momentum ETF | 0.27% | 0.42% | 0.45% | 0.00% | 0.11% | 0.25% | 0.18% | 0.28% | 0.81% | 0.39% | 0.15% | 0.28% |
SCHG Schwab U.S. Large-Cap Growth ETF | 0.44% | 0.46% | 0.55% | 0.42% | 0.52% | 0.82% | 1.27% | 1.01% | 0.82% | 1.22% | 1.09% | 1.07% |
Drawdowns
PDP vs. SCHG - Drawdown Comparison
The maximum PDP drawdown since its inception was -59.34%, which is greater than SCHG's maximum drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for PDP and SCHG. For additional features, visit the drawdowns tool.
Volatility
PDP vs. SCHG - Volatility Comparison
The current volatility for Invesco DWA Momentum ETF (PDP) is 4.72%, while Schwab U.S. Large-Cap Growth ETF (SCHG) has a volatility of 5.35%. This indicates that PDP experiences smaller price fluctuations and is considered to be less risky than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.