PFI vs. SMLV
Compare and contrast key facts about Invesco DWA Financial Momentum ETF (PFI) and SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV).
PFI and SMLV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PFI is a passively managed fund by Invesco that tracks the performance of the DWA Financial Technical Leaders Index. It was launched on Oct 12, 2006. SMLV is a passively managed fund by State Street that tracks the performance of the SSGA US Small Cap Low Volatility Index. It was launched on Feb 20, 2013. Both PFI and SMLV 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: PFI or SMLV.
Correlation
The correlation between PFI and SMLV is 0.76, 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
PFI vs. SMLV - Performance Comparison
Key characteristics
PFI:
1.64
SMLV:
0.89
PFI:
2.33
SMLV:
1.48
PFI:
1.30
SMLV:
1.18
PFI:
1.33
SMLV:
2.04
PFI:
10.72
SMLV:
4.45
PFI:
3.02%
SMLV:
4.21%
PFI:
19.74%
SMLV:
21.06%
PFI:
-59.53%
SMLV:
-42.45%
PFI:
-9.69%
SMLV:
-8.14%
Returns By Period
In the year-to-date period, PFI achieves a 30.08% return, which is significantly higher than SMLV's 17.16% return. Over the past 10 years, PFI has underperformed SMLV with an annualized return of 8.08%, while SMLV has yielded a comparatively higher 8.62% annualized return.
PFI
30.08%
-5.69%
19.28%
31.32%
10.23%
8.08%
SMLV
17.16%
-5.70%
21.56%
16.69%
7.91%
8.62%
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PFI vs. SMLV - Expense Ratio Comparison
PFI has a 0.60% expense ratio, which is higher than SMLV's 0.12% expense ratio.
Risk-Adjusted Performance
PFI vs. SMLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Financial Momentum ETF (PFI) and SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV). 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
PFI vs. SMLV - Dividend Comparison
PFI's dividend yield for the trailing twelve months is around 1.29%, less than SMLV's 2.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFI Invesco DWA Financial Momentum ETF | 1.29% | 1.85% | 1.93% | 1.28% | 1.56% | 0.92% | 1.98% | 0.35% | 2.16% | 1.44% | 1.10% | 1.36% |
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF | 2.67% | 2.68% | 2.40% | 2.12% | 2.47% | 2.62% | 3.15% | 7.92% | 3.04% | 2.63% | 2.76% | 3.68% |
Drawdowns
PFI vs. SMLV - Drawdown Comparison
The maximum PFI drawdown since its inception was -59.53%, which is greater than SMLV's maximum drawdown of -42.45%. Use the drawdown chart below to compare losses from any high point for PFI and SMLV. For additional features, visit the drawdowns tool.
Volatility
PFI vs. SMLV - Volatility Comparison
Invesco DWA Financial Momentum ETF (PFI) has a higher volatility of 6.90% compared to SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) at 6.01%. This indicates that PFI's price experiences larger fluctuations and is considered to be riskier than SMLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.