PFI vs. VOO
Compare and contrast key facts about Invesco DWA Financial Momentum ETF (PFI) and Vanguard S&P 500 ETF (VOO).
PFI and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both PFI and VOO 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 VOO.
Performance
PFI vs. VOO - Performance Comparison
Returns By Period
In the year-to-date period, PFI achieves a 41.09% return, which is significantly higher than VOO's 26.16% return. Over the past 10 years, PFI has underperformed VOO with an annualized return of 9.25%, while VOO has yielded a comparatively higher 13.18% annualized return.
PFI
41.09%
9.30%
29.50%
49.21%
12.61%
9.25%
VOO
26.16%
1.77%
13.62%
32.33%
15.68%
13.18%
Key characteristics
| PFI | VOO | |
|---|---|---|
| Sharpe Ratio | 2.64 | 2.70 |
| Sortino Ratio | 3.61 | 3.60 |
| Omega Ratio | 1.46 | 1.50 |
| Calmar Ratio | 1.90 | 3.90 |
| Martin Ratio | 19.48 | 17.65 |
| Ulcer Index | 2.58% | 1.86% |
| Daily Std Dev | 19.00% | 12.19% |
| Max Drawdown | -59.53% | -33.99% |
| Current Drawdown | 0.00% | -0.86% |
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PFI vs. VOO - Expense Ratio Comparison
PFI has a 0.60% expense ratio, which is higher than VOO's 0.03% expense ratio.
Correlation
The correlation between PFI and VOO 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.
Risk-Adjusted Performance
PFI vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Financial Momentum ETF (PFI) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
PFI's dividend yield for the trailing twelve months is around 1.71%, more than VOO's 1.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFI Invesco DWA Financial Momentum ETF | 1.71% | 1.85% | 1.93% | 1.28% | 1.56% | 0.92% | 1.98% | 0.35% | 2.16% | 1.44% | 1.10% | 1.36% |
VOO Vanguard S&P 500 ETF | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
PFI vs. VOO - Drawdown Comparison
The maximum PFI drawdown since its inception was -59.53%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for PFI and VOO. For additional features, visit the drawdowns tool.
Volatility
PFI vs. VOO - Volatility Comparison
Invesco DWA Financial Momentum ETF (PFI) has a higher volatility of 9.72% compared to Vanguard S&P 500 ETF (VOO) at 3.99%. This indicates that PFI's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.