PDX vs. SPMO
Compare and contrast key facts about PIMCO Dynamic Income Strategy Fund (PDX) and Invesco S&P 500 Momentum ETF (SPMO).
PDX is an actively managed fund by PIMCO. It was launched on Feb 1, 2019. SPMO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Momentum Index. It was launched on Oct 9, 2015.
Performance
PDX vs. SPMO - Performance Comparison
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PDX vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PDX PIMCO Dynamic Income Strategy Fund | 19.83% | -10.59% | 36.99% | 44.51% | 23.02% | 68.79% | -44.20% | -10.78% |
SPMO Invesco S&P 500 Momentum ETF | -5.78% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 16.28% |
Returns By Period
In the year-to-date period, PDX achieves a 19.83% return, which is significantly higher than SPMO's -5.78% return.
PDX
- 1D
- 0.32%
- 1M
- 9.93%
- YTD
- 19.83%
- 6M
- 6.73%
- 1Y
- 12.24%
- 3Y*
- 28.85%
- 5Y*
- 27.34%
- 10Y*
- —
SPMO
- 1D
- 3.96%
- 1M
- -5.89%
- YTD
- -5.78%
- 6M
- -6.90%
- 1Y
- 22.23%
- 3Y*
- 28.36%
- 5Y*
- 17.17%
- 10Y*
- 17.16%
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PDX vs. SPMO - Expense Ratio Comparison
PDX has a 2.31% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Return for Risk
PDX vs. SPMO — Risk / Return Rank
PDX
SPMO
PDX vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Dynamic Income Strategy Fund (PDX) and Invesco S&P 500 Momentum ETF (SPMO). 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.
| PDX | SPMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.54 | 0.98 | -0.44 |
Sortino ratioReturn per unit of downside risk | 0.83 | 1.51 | -0.68 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.22 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.71 | 1.79 | -1.07 |
Martin ratioReturn relative to average drawdown | 1.74 | 6.36 | -4.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PDX | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.54 | 0.98 | -0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.07 | 0.91 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.85 | -0.53 |
Correlation
The correlation between PDX and SPMO is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PDX vs. SPMO - Dividend Comparison
PDX's dividend yield for the trailing twelve months is around 20.72%, more than SPMO's 0.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDX PIMCO Dynamic Income Strategy Fund | 20.72% | 24.34% | 6.31% | 4.30% | 5.89% | 5.28% | 14.11% | 9.58% | 0.00% | 0.00% | 0.00% | 0.00% |
SPMO Invesco S&P 500 Momentum ETF | 0.91% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
PDX vs. SPMO - Drawdown Comparison
The maximum PDX drawdown since its inception was -80.63%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for PDX and SPMO.
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Drawdown Indicators
| PDX | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.63% | -30.95% | -49.68% |
Max Drawdown (1Y)Largest decline over 1 year | -20.21% | -12.70% | -7.51% |
Max Drawdown (5Y)Largest decline over 5 years | -37.24% | -22.74% | -14.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.95% | — |
Current DrawdownCurrent decline from peak | -12.96% | -9.24% | -3.72% |
Average DrawdownAverage peak-to-trough decline | -18.92% | -4.66% | -14.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.25% | 3.57% | +4.68% |
Volatility
PDX vs. SPMO - Volatility Comparison
The current volatility for PIMCO Dynamic Income Strategy Fund (PDX) is 4.60%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 6.82%. This indicates that PDX experiences smaller price fluctuations and is considered to be less risky than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDX | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.60% | 6.82% | -2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 11.16% | 12.62% | -1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.72% | 22.68% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.78% | 19.06% | +6.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.86% | 20.08% | +16.78% |