PFI vs. SMOM

Last updated Jun 24, 2026

PFI (Invesco Dorsey Wright Financial Momentum ETF) and SMOM (Symmetry Panoramic Sector Momentum ETF) are both exchange-traded funds - PFI is a Momentum fund tracking the Dorsey Wright Financials Technical Leaders Index, while SMOM is a Large Cap Blend Equities fund actively managed by Symmetry Partners. PFI is passively managed, while SMOM is actively managed. A 0.65 correlation means they provide meaningful diversification when combined. PFI charges 0.60%/yr vs 0.63%/yr for SMOM.

Performance

PFI vs. SMOM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dorsey Wright Financial Momentum ETF (PFI) and Symmetry Panoramic Sector Momentum ETF (SMOM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with PFI having a 7.04% return and SMOM slightly lower at 7.03%.

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%

SMOM

• 1D: -1.16%
• 1M: -0.47%
• YTD: 7.03%
• 6M: 6.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PFI vs. SMOM - Yearly Performance Comparison

	2026 (YTD)	2025
PFI Invesco Dorsey Wright Financial Momentum ETF	7.04%	1.68%
SMOM Symmetry Panoramic Sector Momentum ETF	7.03%	2.78%

Correlation

The correlation between PFI and SMOM is 0.65, 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 10, 2025	0.65

Return for Risk

PFI vs. SMOM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PFI

PFI Risk / Return Rank: 20
PFI Sharpe Ratio Rank: 20
PFI Sortino Ratio Rank: 19
PFI Omega Ratio Rank: 19
PFI Calmar Ratio Rank: 20
PFI Martin Ratio Rank: 22

SMOM

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PFI vs. SMOM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dorsey Wright Financial Momentum ETF (PFI) 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.

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	SMOM	Difference
Sharpe ratio: Return per unit of total volatility	0.66	—	—
Sortino ratio: Return per unit of downside risk	0.99	—	—
Omega ratio: Gain probability vs. loss probability	1.12	—	—
Calmar ratio: Return relative to maximum drawdown	0.89	—	—
Martin ratio: Return relative to average drawdown	2.65	—	—

Drawdowns

PFI vs. SMOM - Drawdown Comparison

The maximum PFI drawdown since its inception was -59.53%, which is greater than SMOM's maximum drawdown of -7.45%. Use the drawdown chart below to compare losses from any high point for PFI and SMOM.

Drawdown Indicators

	PFI	SMOM	Difference
Max Drawdown Largest peak-to-trough decline	-59.53%	-7.45%	-52.08%
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 Drawdown Current decline from peak	-1.04%	-2.54%	+1.50%
Average Drawdown Average peak-to-trough decline	-14.47%	-1.49%	-12.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.62%	—	—

Volatility

Volatility by Period

	PFI	SMOM	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%	12.80%	+5.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.84%	12.80%	+9.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.26%	12.80%	+9.46%

PFI vs. SMOM - Expense Ratio Comparison

PFI has a 0.60% expense ratio, which is lower than SMOM's 0.63% expense ratio.

Dividends

PFI vs. SMOM - Dividend Comparison

PFI's dividend yield for the trailing twelve months is around 1.00%, more than SMOM's 0.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
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

Can I hold both PFI and SMOM in my portfolio?

PFI and SMOM have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PFI or SMOM?

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.

Which ETF is cheaper, PFI or SMOM?

PFI is cheaper with a 0.60% expense ratio, compared with 0.63% for SMOM.

Which ETF pays a higher dividend yield, PFI or SMOM?

PFI has the higher dividend yield at 1.00%, compared with 0.15% for SMOM.

What is the main difference between PFI and SMOM?

PFI 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 PFI and 0.63% for SMOM.