PDP vs. SEIM

Last updated Aug 2, 2026

PDP (Invesco Dorsey Wright Momentum ETF) and SEIM (SEI Enhanced US Large Cap Momentum Factor ETF) are both Momentum funds. PDP is passively managed, while SEIM is actively managed. Over the past 3 years, PDP returned 18.14%/yr vs 26.24%/yr for SEIM. Their correlation of 0.93 means they have usually moved in the same direction. PDP charges 0.62%/yr vs 0.15%/yr for SEIM.

Performance

PDP vs. SEIM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dorsey Wright Momentum ETF (PDP) and SEI Enhanced US Large Cap Momentum Factor ETF (SEIM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with PDP having a 14.75% return and SEIM slightly higher at 15.26%.

PDP

• 1D: 0.32%
• 1M: -5.52%
• 6M: 9.33%
• YTD: 14.75%
• 1Y: 20.18%
• 3Y*: 18.14%
• 5Y*: 8.11%
• 10Y*: 12.35%
• ALL TIME*: 9.66%

SEIM

• 1D: 0.47%
• 1M: -2.14%
• 6M: 12.15%
• YTD: 15.26%
• 1Y: 25.77%
• 3Y*: 26.24%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.51%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PDP Invesco Dorsey Wright Momentum ETF	$3.96M	$3.45M	$3.85M
SEIM SEI Enhanced US Large Cap Momentum Factor ETF	$5.57M	$6.94M	$5.12M

PDP vs. SEIM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PDP Invesco Dorsey Wright Momentum ETF	14.75%	8.37%	26.06%	20.88%	-4.00%
SEIM SEI Enhanced US Large Cap Momentum Factor ETF	15.26%	20.20%	39.12%	16.25%	-5.62%

Correlation

The correlation between PDP and SEIM is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (3Y) Balances recent behavior with more history.	0.92
Correlation (All Time) Calculated using the full available price history since May 18, 2022	0.93

The correlation between PDP and SEIM has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

PDP vs. SEIM - Sectors Allocation Comparison

Sectors	PDP	SEIM
Technology	42.9%	29.5%
Industrials	25.3%	3.4%
Healthcare	8.4%	9.5%
Financial Services	6.0%	8.1%
Energy	4.9%	11.8%
Basic Materials	4.7%	8.1%
Consumer Cyclical	2.5%	7.2%
Consumer Defensive	1.3%	7.9%
Communication Services	1.1%	4.4%
Real Estate	0.7%	7.2%
Utilities	0.5%	2.4%

Return for Risk

PDP vs. SEIM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PDP

PDP Risk / Return Rank: 31
PDP Sharpe Ratio Rank: 29
PDP Sortino Ratio Rank: 29
PDP Omega Ratio Rank: 29
PDP Calmar Ratio Rank: 31
PDP Martin Ratio Rank: 38

SEIM

SEIM Risk / Return Rank: 60
SEIM Sharpe Ratio Rank: 54
SEIM Sortino Ratio Rank: 53
SEIM Omega Ratio Rank: 51
SEIM Calmar Ratio Rank: 69
SEIM Martin Ratio Rank: 71

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PDP vs. SEIM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dorsey Wright Momentum ETF (PDP) and SEI Enhanced US Large Cap Momentum Factor ETF (SEIM). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PDP	SEIM	Difference
Sharpe ratio: Return per unit of total volatility	0.70	1.30	-0.60
Sortino ratio: Return per unit of downside risk	1.10	1.87	-0.77
Omega ratio: Gain probability vs. loss probability	1.14	1.23	-0.09
Calmar ratio: Return relative to maximum drawdown	1.03	2.40	-1.37
Martin ratio: Return relative to average drawdown	4.02	8.72	-4.70

PDP vs. SEIM - Sharpe Ratio Comparison

The current PDP Sharpe Ratio is 0.70, which is lower than the SEIM Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of PDP and SEIM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PDP vs. SEIM - Drawdown Comparison

The maximum PDP drawdown since its inception was -59.34%, which is greater than SEIM's maximum drawdown of -22.17%. Use the drawdown chart below to compare losses from any high point for PDP and SEIM.

Drawdown Indicators

	PDP	SEIM	Difference
Max Drawdown Largest peak-to-trough decline	-59.34%	-22.17%	-37.17%
Max Drawdown (1Y) Largest decline over 1 year	-17.58%	-10.07%	-7.51%
Max Drawdown (3Y) Largest decline over 3 years	-23.79%	-22.17%	-1.62%
Max Drawdown (5Y) Largest decline over 5 years	-33.91%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.70%	—	—
Current Drawdown Current decline from peak	-12.80%	-5.49%	-7.31%
Average Drawdown Average peak-to-trough decline	-10.57%	-3.97%	-6.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.51%	2.76%	+1.75%

Volatility

PDP vs. SEIM - Volatility Comparison

Invesco Dorsey Wright Momentum ETF (PDP) has a higher volatility of 11.41% compared to SEI Enhanced US Large Cap Momentum Factor ETF (SEIM) at 6.28%. This indicates that PDP's price experiences larger fluctuations and is considered to be riskier than SEIM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PDP	SEIM	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.41%	6.28%	+5.13%
Volatility (6M) Calculated over the trailing 6-month period	21.23%	15.62%	+5.61%
Volatility (1Y) Calculated over the trailing 1-year period	25.85%	18.59%	+7.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.80%	19.18%	+3.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.01%	19.18%	+2.83%

PDP vs. SEIM - Expense Ratio Comparison

PDP has a 0.62% expense ratio, which is higher than SEIM's 0.15% expense ratio.

Dividends

PDP vs. SEIM - Dividend Comparison

PDP's dividend yield for the trailing twelve months is around 0.08%, less than SEIM's 0.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PDP Invesco Dorsey Wright Momentum ETF	0.08%	0.17%	0.15%	0.42%	0.45%	0.00%	0.11%	0.25%	0.18%	0.28%	0.81%	0.39%
SEIM SEI Enhanced US Large Cap Momentum Factor ETF	0.55%	0.56%	0.48%	0.89%	1.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PDP and SEIM in my portfolio?

With a correlation of 0.91, PDP and SEIM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PDP or SEIM?

PDP has higher volatility (11.41%) compared to SEIM (6.28%). In terms of maximum drawdown, PDP dropped -59.34% vs SEIM's -22.17%.

Which ETF is better, PDP or SEIM?

On 3-year performance, SEIM leads with 26.24% vs 18.14% for PDP. On fees, SEIM is cheaper at 0.15% per year. On volatility, SEIM has been the lower-risk option at 6.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PDP or SEIM?

Over the 3-year period, SEIM has performed better with a 26.24% return vs 18.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PDP or SEIM?

SEIM is cheaper with a 0.15% expense ratio, compared with 0.62% for PDP.

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

SEIM has the higher dividend yield at 0.55%, compared with 0.08% for PDP.

What is the main difference between PDP and SEIM?

They also come from different issuers: Invesco and SEI. Their fees differ too: 0.62% for PDP and 0.15% for SEIM.

Which has better risk-adjusted returns?

SEIM currently has the higher Sharpe Ratio (1.30 vs 0.70), 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.