PDP vs. SMOM
PDP (Invesco Dorsey Wright Momentum ETF) and SMOM (Symmetry Panoramic Sector Momentum ETF) are both exchange-traded funds - PDP is a Momentum fund tracking the Dorsey Wright Technical Leaders Index, while SMOM is a Large Cap Blend Equities fund actively managed by Symmetry Partners. PDP is passively managed, while SMOM is actively managed. A 0.80 correlation means they provide meaningful diversification when combined. PDP charges 0.62%/yr vs 0.63%/yr for SMOM.
Performance
PDP vs. SMOM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PDP achieves a 24.95% return, which is significantly higher than SMOM's 9.82% 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%
SMOM
- 1D
- 0.27%
- 1M
- 5.93%
- YTD
- 9.82%
- 6M
- 10.58%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PDP vs. SMOM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PDP Invesco Dorsey Wright Momentum ETF | 24.95% | 1.40% |
SMOM Symmetry Panoramic Sector Momentum ETF | 9.82% | 2.81% |
Correlation
The correlation between PDP and SMOM is 0.80, 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 Sep 11, 2025 | 0.80 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PDP vs. SMOM — Risk / Return Rank
PDP
SMOM
PDP vs. SMOM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dorsey Wright Momentum ETF (PDP) and Symmetry Panoramic Sector Momentum ETF (SMOM). 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 | SMOM | 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. | |||
Loading charts...
Sharpe Ratios by Period
| PDP | SMOM | 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 | 1.45 | -0.99 |
Drawdowns
PDP vs. SMOM - Drawdown Comparison
The maximum PDP drawdown since its inception was -59.34%, which is greater than SMOM's maximum drawdown of -7.45%. Use the drawdown chart below to compare losses from any high point for PDP and SMOM.
Loading charts...
Drawdown Indicators
| PDP | SMOM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.34% | -7.45% | -51.89% |
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% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -10.61% | -1.48% | -9.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | — | — |
Volatility
PDP vs. SMOM - Volatility Comparison
Loading charts...
Volatility by Period
| PDP | SMOM | 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% | 12.62% | +9.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.00% | 12.62% | +9.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.59% | 12.62% | +8.97% |
PDP vs. SMOM - Expense Ratio Comparison
PDP has a 0.62% expense ratio, which is lower than SMOM's 0.63% expense ratio.
Dividends
PDP vs. SMOM - Dividend Comparison
PDP's dividend yield for the trailing twelve months is around 0.11%, less than SMOM's 0.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SMOM Symmetry Panoramic Sector Momentum ETF | 0.15% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PDP and SMOM have a correlation of 0.80, 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 0.63% for SMOM.
SMOM has the higher dividend yield at 0.15%, compared with 0.11% for PDP.
PDP is categorized as Momentum, while SMOM is Large Cap Blend Equities. They also come from different issuers: Invesco and Symmetry Partners. Their fees differ too: 0.62% for PDP and 0.63% for SMOM.
Find the right allocation for PDP and SMOM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer