PIZ vs. SMOM
PIZ (Invesco DWA Developed Markets Momentum ETF) and SMOM (Symmetry Panoramic Sector Momentum ETF) are both exchange-traded funds - PIZ is a Momentum fund tracking the Dorsey Wright Developed Markets Technical Leaders Index, while SMOM is a Large Cap Blend Equities fund actively managed by Symmetry Partners. PIZ is passively managed, while SMOM is actively managed. A 0.67 correlation means they provide meaningful diversification when combined. PIZ charges 0.80%/yr vs 0.63%/yr for SMOM.
Performance
PIZ vs. SMOM - Performance Comparison
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Returns By Period
In the year-to-date period, PIZ achieves a 16.21% return, which is significantly higher than SMOM's 9.82% return.
PIZ
- 1D
- -0.99%
- 1M
- 1.00%
- YTD
- 16.21%
- 6M
- 18.89%
- 1Y
- 29.33%
- 3Y*
- 25.82%
- 5Y*
- 10.38%
- 10Y*
- 10.75%
SMOM
- 1D
- 0.27%
- 1M
- 5.93%
- YTD
- 9.82%
- 6M
- 10.58%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PIZ vs. SMOM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PIZ Invesco DWA Developed Markets Momentum ETF | 16.21% | 4.57% |
SMOM Symmetry Panoramic Sector Momentum ETF | 9.82% | 2.81% |
Correlation
The correlation between PIZ and SMOM is 0.67, 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 11, 2025 | 0.67 |
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Return for Risk
PIZ vs. SMOM — Risk / Return Rank
PIZ
SMOM
PIZ vs. SMOM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Developed Markets Momentum ETF (PIZ) 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.
| PIZ | SMOM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.26 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | — | — |
| Martin ratioReturn relative to average drawdown | 8.17 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PIZ | SMOM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 1.45 | -1.17 |
Drawdowns
PIZ vs. SMOM - Drawdown Comparison
The maximum PIZ drawdown since its inception was -60.61%, which is greater than SMOM's maximum drawdown of -7.45%. Use the drawdown chart below to compare losses from any high point for PIZ and SMOM.
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Drawdown Indicators
| PIZ | SMOM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.61% | -7.45% | -53.16% |
Max Drawdown (1Y)Largest decline over 1 year | -14.35% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -14.67% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -40.93% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.93% | — | — |
Current DrawdownCurrent decline from peak | -4.30% | 0.00% | -4.30% |
Average DrawdownAverage peak-to-trough decline | -14.87% | -1.48% | -13.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | — | — |
Volatility
PIZ vs. SMOM - Volatility Comparison
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Volatility by Period
| PIZ | SMOM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.23% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 17.93% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.45% | 12.62% | +7.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.94% | 12.62% | +7.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.65% | 12.62% | +7.03% |
PIZ vs. SMOM - Expense Ratio Comparison
PIZ has a 0.80% expense ratio, which is higher than SMOM's 0.63% expense ratio.
Dividends
PIZ vs. SMOM - Dividend Comparison
PIZ's dividend yield for the trailing twelve months is around 1.34%, more than SMOM's 0.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIZ Invesco DWA Developed Markets Momentum ETF | 1.34% | 1.55% | 1.68% | 1.86% | 2.04% | 1.01% | 0.37% | 1.58% | 1.06% | 1.30% | 2.21% | 1.09% |
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
PIZ and SMOM have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SMOM is cheaper at 0.63% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMOM is cheaper with a 0.63% expense ratio, compared with 0.80% for PIZ.
PIZ has the higher dividend yield at 1.34%, compared with 0.15% for SMOM.
PIZ 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: 0.80% for PIZ and 0.63% for SMOM.
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