PDP vs. SPY
Compare and contrast key facts about Invesco DWA Momentum ETF (PDP) and SPDR S&P 500 ETF (SPY).
PDP and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both PDP and SPY 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 SPY.
Correlation
The correlation between PDP and SPY is 0.89, 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. SPY - Performance Comparison
Key characteristics
PDP:
0.30
SPY:
0.54
PDP:
0.54
SPY:
0.90
PDP:
1.07
SPY:
1.13
PDP:
0.28
SPY:
0.57
PDP:
0.88
SPY:
2.24
PDP:
7.67%
SPY:
4.82%
PDP:
23.80%
SPY:
20.02%
PDP:
-59.34%
SPY:
-55.19%
PDP:
-12.93%
SPY:
-7.53%
Returns By Period
In the year-to-date period, PDP achieves a -5.00% return, which is significantly lower than SPY's -3.30% return. Over the past 10 years, PDP has underperformed SPY with an annualized return of 9.37%, while SPY has yielded a comparatively higher 12.33% annualized return.
PDP
-5.00%
14.24%
-7.94%
7.14%
10.53%
9.37%
SPY
-3.30%
13.81%
-4.52%
10.65%
15.81%
12.33%
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PDP vs. SPY - Expense Ratio Comparison
PDP has a 0.62% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
PDP vs. SPY — Risk-Adjusted Performance Rank
PDP
SPY
PDP vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Momentum ETF (PDP) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
PDP's dividend yield for the trailing twelve months is around 0.18%, less than SPY's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDP Invesco DWA Momentum ETF | 0.18% | 0.15% | 0.42% | 0.45% | 0.00% | 0.11% | 0.25% | 0.18% | 0.28% | 0.81% | 0.39% | 0.15% |
SPY SPDR S&P 500 ETF | 1.27% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
PDP vs. SPY - Drawdown Comparison
The maximum PDP drawdown since its inception was -59.34%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PDP and SPY. For additional features, visit the drawdowns tool.
Volatility
PDP vs. SPY - Volatility Comparison
The current volatility for Invesco DWA Momentum ETF (PDP) is 9.59%, while SPDR S&P 500 ETF (SPY) has a volatility of 12.36%. This indicates that PDP experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.