PFI vs. FBDC
PFI (Invesco Dorsey Wright Financial Momentum ETF) and FBDC (FT Confluence BDC & Specialty Finance Income ETF) are both exchange-traded funds - PFI is a Momentum fund tracking the Dorsey Wright Financials Technical Leaders Index, while FBDC is a Financials Equities fund actively managed by First Trust. PFI is passively managed, while FBDC is actively managed. A 0.54 correlation means they provide meaningful diversification when combined. PFI charges 0.60%/yr vs 1.35%/yr for FBDC.
Performance
PFI vs. FBDC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PFI achieves a 7.04% return, which is significantly higher than FBDC's -10.39% return.
PFI
- 1D
- 0.56%
- 1M
- 4.63%
- YTD
- 7.04%
- 6M
- 4.43%
- 1Y
- 12.22%
- 3Y*
- 16.97%
- 5Y*
- 5.43%
- 10Y*
- 9.22%
FBDC
- 1D
- 0.30%
- 1M
- -1.24%
- YTD
- -10.39%
- 6M
- -8.60%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PFI vs. FBDC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PFI Invesco Dorsey Wright Financial Momentum ETF | 7.04% | 3.66% |
FBDC FT Confluence BDC & Specialty Finance Income ETF | -10.39% | -2.66% |
Correlation
The correlation between PFI and FBDC is 0.54, 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 Jun 30, 2025 | 0.54 |
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
PFI vs. FBDC — Risk / Return Rank
PFI
FBDC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PFI vs. FBDC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dorsey Wright Financial Momentum ETF (PFI) and FT Confluence BDC & Specialty Finance Income ETF (FBDC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PFI | FBDC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.12 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | — | — |
| Martin ratioReturn relative to average drawdown | 2.65 | — | — |
Loading charts...
Drawdowns
PFI vs. FBDC - Drawdown Comparison
The maximum PFI drawdown since its inception was -59.53%, which is greater than FBDC's maximum drawdown of -20.60%. Use the drawdown chart below to compare losses from any high point for PFI and FBDC.
Loading charts...
Drawdown Indicators
| PFI | FBDC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.53% | -20.60% | -38.93% |
Max Drawdown (1Y)Largest decline over 1 year | -13.86% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -24.82% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -35.43% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -43.09% | — | — |
Current DrawdownCurrent decline from peak | -1.04% | -18.04% | +17.00% |
Average DrawdownAverage peak-to-trough decline | -14.47% | -10.44% | -4.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.62% | — | — |
Volatility
PFI vs. FBDC - Volatility Comparison
Loading charts...
Volatility by Period
| PFI | FBDC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.05% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 13.70% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.77% | 18.00% | +0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.84% | 18.00% | +3.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.26% | 18.00% | +4.26% |
PFI vs. FBDC - Expense Ratio Comparison
PFI has a 0.60% expense ratio, which is lower than FBDC's 1.35% expense ratio.
Dividends
PFI vs. FBDC - Dividend Comparison
PFI's dividend yield for the trailing twelve months is around 1.00%, less than FBDC's 11.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBDC FT Confluence BDC & Specialty Finance Income ETF | 11.63% | 5.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PFI Invesco Dorsey Wright Financial Momentum ETF | 1.00% | 0.68% | 2.77% | 1.85% | 1.93% | 1.28% | 1.56% | 0.92% | 1.98% | 0.35% | 2.16% | 1.44% |
Frequently Asked Questions
PFI and FBDC have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PFI is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PFI is cheaper with a 0.60% expense ratio, compared with 1.35% for FBDC.
FBDC has the higher dividend yield at 11.63%, compared with 1.00% for PFI.
PFI is categorized as Momentum, while FBDC is Financials Equities. They also come from different issuers: Invesco and First Trust. Their fees differ too: 0.60% for PFI and 1.35% for FBDC.
Find the right allocation for PFI and FBDC
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