PFM vs. DIV

Last updated Jun 4, 2026

PFM (Invesco Dividend Achievers™ ETF) and DIV (Global X SuperDividend U.S. ETF) are both exchange-traded funds - PFM is a Large Cap Growth Equities fund tracking the NASDAQ US Broad Dividend Achievers Index, while DIV is a Dividend fund tracking the Indxx SuperDividend® U.S. Low Volatility Index. Both are passively managed. Over the past 10 years, PFM returned 11.82%/yr vs 3.95%/yr for DIV. A 0.73 correlation means they provide meaningful diversification when combined. PFM charges 0.53%/yr vs 0.45%/yr for DIV.

Performance

PFM vs. DIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dividend Achievers™ ETF (PFM) and Global X SuperDividend U.S. ETF (DIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PFM achieves a 8.18% return, which is significantly lower than DIV's 11.63% return. Over the past 10 years, PFM has outperformed DIV with an annualized return of 11.82%, while DIV has yielded a comparatively lower 3.95% annualized return.

PFM

• 1D: -0.23%
• 1M: 3.40%
• YTD: 8.18%
• 6M: 7.73%
• 1Y: 19.65%
• 3Y*: 16.31%
• 5Y*: 10.63%
• 10Y*: 11.82%

DIV

• 1D: -1.38%
• 1M: -1.56%
• YTD: 11.63%
• 6M: 10.20%
• 1Y: 14.38%
• 3Y*: 11.72%
• 5Y*: 5.02%
• 10Y*: 3.95%

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

PFM vs. DIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PFM Invesco Dividend Achievers™ ETF	8.18%	14.00%	16.87%	11.40%	-6.22%	23.08%	9.53%	26.88%	-4.58%	17.65%
DIV Global X SuperDividend U.S. ETF	11.63%	3.10%	11.27%	-1.73%	-3.92%	30.60%	-22.85%	14.50%	-6.60%	9.90%

Correlation

The correlation between PFM and DIV 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 (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (10Y) Calculated over the trailing 10-year period	0.71
Correlation (All Time) Calculated using the full available price history since Mar 13, 2013	0.73

The correlation between PFM and DIV shifts across timeframes, from 0.54 (1 year) to 0.74 (5 years), reflecting how their relationship changes across market environments.

PFM vs. DIV - Sectors Allocation Comparison

Sectors	PFM	DIV
Technology	24.7%	-
Financial Services	18.5%	3.9%
Healthcare	14.9%	3.6%
Consumer Defensive	12.0%	13.4%
Industrials	11.1%	11.5%
Energy	4.7%	21.5%
Utilities	4.2%	12.0%
Consumer Cyclical	4.0%	3.5%
Basic Materials	3.0%	4.6%
Real Estate	2.0%	19.8%
Communication Services	1.1%	6.3%

Return for Risk

PFM vs. DIV — Risk / Return Rank

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

PFM

PFM Risk / Return Rank: 62
PFM Sharpe Ratio Rank: 61
PFM Sortino Ratio Rank: 66
PFM Omega Ratio Rank: 61
PFM Calmar Ratio Rank: 56
PFM Martin Ratio Rank: 63

DIV

DIV Risk / Return Rank: 42
DIV Sharpe Ratio Rank: 38
DIV Sortino Ratio Rank: 38
DIV Omega Ratio Rank: 35
DIV Calmar Ratio Rank: 55
DIV Martin Ratio Rank: 46

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.

PFM vs. DIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dividend Achievers™ ETF (PFM) and Global X SuperDividend U.S. ETF (DIV). 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.

	PFM	DIV	Difference
Sharpe ratio: Return per unit of total volatility	2.09	1.40	+0.69
Sortino ratio: Return per unit of downside risk	3.07	2.02	+1.05
Omega ratio: Gain probability vs. loss probability	1.38	1.24	+0.14
Calmar ratio: Return relative to maximum drawdown	2.78	2.76	+0.02
Martin ratio: Return relative to average drawdown	11.28	7.79	+3.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PFM vs. DIV - Sharpe Ratio Comparison

The current PFM Sharpe Ratio is 2.09, which is higher than the DIV Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of PFM and DIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PFM	DIV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.09	1.40	+0.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.37	+0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	0.22	+0.56
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.27	+0.25

Drawdowns

PFM vs. DIV - Drawdown Comparison

The maximum PFM drawdown since its inception was -53.21%, roughly equal to the maximum DIV drawdown of -52.74%. Use the drawdown chart below to compare losses from any high point for PFM and DIV.

Drawdown Indicators

	PFM	DIV	Difference
Max Drawdown Largest peak-to-trough decline	-53.21%	-52.74%	-0.47%
Max Drawdown (1Y) Largest decline over 1 year	-7.09%	-5.23%	-1.86%
Max Drawdown (3Y) Largest decline over 3 years	-14.50%	-12.33%	-2.17%
Max Drawdown (5Y) Largest decline over 5 years	-17.81%	-21.14%	+3.33%
Max Drawdown (10Y) Largest decline over 10 years	-32.22%	-52.74%	+20.52%
Current Drawdown Current decline from peak	-0.23%	-3.20%	+2.97%
Average Drawdown Average peak-to-trough decline	-6.94%	-7.03%	+0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.75%	1.85%	-0.10%

Volatility

PFM vs. DIV - Volatility Comparison

The current volatility for Invesco Dividend Achievers™ ETF (PFM) is 2.04%, while Global X SuperDividend U.S. ETF (DIV) has a volatility of 3.18%. This indicates that PFM experiences smaller price fluctuations and is considered to be less risky than DIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PFM	DIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.04%	3.18%	-1.14%
Volatility (6M) Calculated over the trailing 6-month period	7.13%	7.11%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	9.47%	10.36%	-0.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.54%	13.68%	-0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.21%	17.98%	-2.77%

PFM vs. DIV - Expense Ratio Comparison

PFM has a 0.53% expense ratio, which is higher than DIV's 0.45% expense ratio.

Dividends

PFM vs. DIV - Dividend Comparison

PFM's dividend yield for the trailing twelve months is around 1.33%, less than DIV's 7.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DIV Global X SuperDividend U.S. ETF	7.36%	7.30%	5.74%	7.13%	6.62%	5.24%	8.01%	7.65%	7.08%	5.92%	6.78%	8.44%
PFM Invesco Dividend Achievers™ ETF	1.33%	1.41%	1.58%	1.86%	1.95%	1.69%	1.92%	1.94%	2.27%	1.70%	2.56%	2.36%

Frequently Asked Questions

Can I hold both PFM and DIV in my portfolio?

PFM and DIV 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.

Which is riskier, PFM or DIV?

DIV has higher volatility (3.18%) compared to PFM (2.04%). In terms of maximum drawdown, PFM dropped -53.21% vs DIV's -52.74%.

Which ETF is better, PFM or DIV?

On 10-year performance, PFM leads with 11.82% vs 3.95% for DIV. On fees, DIV is cheaper at 0.45% per year. On volatility, PFM has been the lower-risk option at 2.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PFM or DIV?

Over the 10-year period, PFM has performed better with a 11.82% return vs 3.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PFM or DIV?

DIV is cheaper with a 0.45% expense ratio, compared with 0.53% for PFM.

Which ETF pays a higher dividend yield, PFM or DIV?

DIV has the higher dividend yield at 7.36%, compared with 1.33% for PFM.

What is the main difference between PFM and DIV?

PFM is categorized as Large Cap Growth Equities, while DIV is Dividend. PFM tracks NASDAQ US Broad Dividend Achievers Index, while DIV tracks Indxx SuperDividend® U.S. Low Volatility Index. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.53% for PFM and 0.45% for DIV.

Which has better risk-adjusted returns?

PFM currently has the higher Sharpe Ratio (2.09 vs 1.40), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.