PEZ vs. SMOM
PEZ (Invesco DWA Consumer Cyclicals Momentum ETF) and SMOM (Symmetry Panoramic Sector Momentum ETF) are both exchange-traded funds - PEZ is a Momentum fund tracking the DWA Consumer Cyclicals Technical Leaders Index, while SMOM is a Large Cap Blend Equities fund actively managed by Symmetry Partners. PEZ is passively managed, while SMOM is actively managed. A 0.71 correlation means they provide meaningful diversification when combined. PEZ charges 0.60%/yr vs 0.63%/yr for SMOM.
Performance
PEZ vs. SMOM - Performance Comparison
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Returns By Period
In the year-to-date period, PEZ achieves a -4.23% return, which is significantly lower than SMOM's 9.82% return.
PEZ
- 1D
- 0.45%
- 1M
- 0.97%
- YTD
- -4.23%
- 6M
- -0.27%
- 1Y
- 5.43%
- 3Y*
- 14.83%
- 5Y*
- 2.63%
- 10Y*
- 9.46%
SMOM
- 1D
- 0.27%
- 1M
- 5.93%
- YTD
- 9.82%
- 6M
- 10.58%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PEZ vs. SMOM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PEZ Invesco DWA Consumer Cyclicals Momentum ETF | -4.23% | 3.29% |
SMOM Symmetry Panoramic Sector Momentum ETF | 9.82% | 2.81% |
Correlation
The correlation between PEZ and SMOM is 0.71, 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 | 0.71 |
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Return for Risk
PEZ vs. SMOM — Risk / Return Rank
PEZ
SMOM
PEZ vs. SMOM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) 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.
| PEZ | SMOM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.06 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | — | — |
| Martin ratioReturn relative to average drawdown | 0.91 | — | — |
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
| PEZ | SMOM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.27 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 1.45 | -1.12 |
Drawdowns
PEZ vs. SMOM - Drawdown Comparison
The maximum PEZ drawdown since its inception was -58.39%, which is greater than SMOM's maximum drawdown of -7.45%. Use the drawdown chart below to compare losses from any high point for PEZ and SMOM.
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Drawdown Indicators
| PEZ | SMOM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.39% | -7.45% | -50.94% |
Max Drawdown (1Y)Largest decline over 1 year | -15.83% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -31.48% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -41.72% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -52.05% | — | — |
Current DrawdownCurrent decline from peak | -11.25% | 0.00% | -11.25% |
Average DrawdownAverage peak-to-trough decline | -13.86% | -1.48% | -12.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.96% | — | — |
Volatility
PEZ vs. SMOM - Volatility Comparison
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Volatility by Period
| PEZ | SMOM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.91% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 15.13% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.07% | 12.62% | +7.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.48% | 12.62% | +11.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.06% | 12.62% | +12.44% |
PEZ vs. SMOM - Expense Ratio Comparison
PEZ has a 0.60% expense ratio, which is lower than SMOM's 0.63% expense ratio.
Dividends
PEZ vs. SMOM - Dividend Comparison
PEZ's dividend yield for the trailing twelve months is around 0.22%, more than SMOM's 0.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEZ Invesco DWA Consumer Cyclicals Momentum ETF | 0.22% | 0.11% | 0.12% | 0.60% | 0.43% | 0.23% | 0.39% | 0.01% | 0.40% | 0.42% | 0.83% | 0.64% |
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
PEZ and SMOM have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PEZ is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PEZ is cheaper with a 0.60% expense ratio, compared with 0.63% for SMOM.
PEZ has the higher dividend yield at 0.22%, compared with 0.15% for SMOM.
PEZ 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: 0.60% for PEZ and 0.63% for SMOM.
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