PDP vs. VOO
Compare and contrast key facts about Invesco DWA Momentum ETF (PDP) and Vanguard S&P 500 ETF (VOO).
PDP and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both PDP and VOO 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 VOO.
Key characteristics
| PDP | VOO | |
|---|---|---|
| YTD Return | 10.54% | 7.68% |
| 1Y Return | 25.92% | 24.58% |
| 3Y Return (Ann) | 2.91% | 8.61% |
| 5Y Return (Ann) | 10.58% | 13.73% |
| 10Y Return (Ann) | 10.18% | 12.60% |
| Sharpe Ratio | 1.82 | 2.21 |
| Daily Std Dev | 14.95% | 11.60% |
| Max Drawdown | -59.34% | -33.99% |
| Current Drawdown | -5.53% | -2.60% |
Correlation
The correlation between PDP and VOO is 0.88, 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. VOO - Performance Comparison
In the year-to-date period, PDP achieves a 10.54% return, which is significantly higher than VOO's 7.68% return. Over the past 10 years, PDP has underperformed VOO with an annualized return of 10.18%, while VOO has yielded a comparatively higher 12.60% 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. VOO - Expense Ratio Comparison
PDP has a 0.62% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
PDP vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Momentum ETF (PDP) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
PDP's dividend yield for the trailing twelve months is around 0.27%, less than VOO's 1.37% 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% |
VOO Vanguard S&P 500 ETF | 1.37% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
PDP vs. VOO - Drawdown Comparison
The maximum PDP drawdown since its inception was -59.34%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for PDP and VOO. For additional features, visit the drawdowns tool.
Volatility
PDP vs. VOO - Volatility Comparison
Invesco DWA Momentum ETF (PDP) has a higher volatility of 4.72% compared to Vanguard S&P 500 ETF (VOO) at 3.63%. This indicates that PDP's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.