PRN vs. FMTM

Last updated Aug 3, 2026

PRN (Invesco Dorsey Wright Industrials Momentum ETF) and FMTM (MarketDesk Focused U.S. Momentum ETF) are both Momentum funds. PRN is passively managed, while FMTM is actively managed. Over the past year, PRN returned 34.52% vs 43.74% for FMTM. Their correlation of 0.81 means they have usually moved in the same direction. PRN charges 0.60%/yr vs 0.45%/yr for FMTM.

Performance

PRN vs. FMTM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dorsey Wright Industrials Momentum ETF (PRN) and MarketDesk Focused U.S. Momentum ETF (FMTM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRN achieves a 23.45% return, which is significantly higher than FMTM's 19.49% return.

PRN

• 1D: 1.01%
• 1M: -8.35%
• 6M: 11.82%
• YTD: 23.45%
• 1Y: 34.52%
• 3Y*: 25.97%
• 5Y*: 16.85%
• 10Y*: 16.36%
• ALL TIME*: 12.07%

FMTM

• 1D: 1.16%
• 1M: -5.35%
• 6M: 9.00%
• YTD: 19.49%
• 1Y: 43.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 36.73%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FMTM MarketDesk Focused U.S. Momentum ETF	$7.27M	$8.73M	$9.00M
PRN Invesco Dorsey Wright Industrials Momentum ETF	$11.92M	$11.20M	$10.20M

PRN vs. FMTM - Yearly Performance Comparison

	2026 (YTD)	2025
PRN Invesco Dorsey Wright Industrials Momentum ETF	23.45%	22.90%
FMTM MarketDesk Focused U.S. Momentum ETF	19.49%	28.21%

Correlation

The correlation between PRN and FMTM is 0.86, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.86
Correlation (All Time) Calculated using the full available price history since Mar 20, 2025	0.81

The correlation between PRN and FMTM has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.

Return for Risk

PRN vs. FMTM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PRN

PRN Risk / Return Rank: 39
PRN Sharpe Ratio Rank: 37
PRN Sortino Ratio Rank: 37
PRN Omega Ratio Rank: 37
PRN Calmar Ratio Rank: 37
PRN Martin Ratio Rank: 46

FMTM

FMTM Risk / Return Rank: 70
FMTM Sharpe Ratio Rank: 70
FMTM Sortino Ratio Rank: 64
FMTM Omega Ratio Rank: 63
FMTM Calmar Ratio Rank: 78
FMTM Martin Ratio Rank: 76

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PRN vs. FMTM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dorsey Wright Industrials Momentum ETF (PRN) and MarketDesk Focused U.S. Momentum ETF (FMTM). 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.

	PRN	FMTM	Difference
Sharpe ratio: Return per unit of total volatility	0.92	1.58	-0.66
Sortino ratio: Return per unit of downside risk	1.39	2.09	-0.70
Omega ratio: Gain probability vs. loss probability	1.18	1.27	-0.09
Calmar ratio: Return relative to maximum drawdown	1.28	2.73	-1.45
Martin ratio: Return relative to average drawdown	5.15	9.51	-4.36

PRN vs. FMTM - Sharpe Ratio Comparison

The current PRN Sharpe Ratio is 0.92, which is lower than the FMTM Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of PRN and FMTM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PRN vs. FMTM - Drawdown Comparison

The maximum PRN drawdown since its inception was -59.88%, which is greater than FMTM's maximum drawdown of -15.40%. Use the drawdown chart below to compare losses from any high point for PRN and FMTM.

Drawdown Indicators

	PRN	FMTM	Difference
Max Drawdown Largest peak-to-trough decline	-59.88%	-15.40%	-44.48%
Max Drawdown (1Y) Largest decline over 1 year	-24.60%	-15.40%	-9.20%
Max Drawdown (3Y) Largest decline over 3 years	-30.78%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-34.84%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.27%	—	—
Current Drawdown Current decline from peak	-17.94%	-12.01%	-5.93%
Average Drawdown Average peak-to-trough decline	-10.82%	-2.42%	-8.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.13%	4.42%	+1.71%

Volatility

PRN vs. FMTM - Volatility Comparison

Invesco Dorsey Wright Industrials Momentum ETF (PRN) has a higher volatility of 15.11% compared to MarketDesk Focused U.S. Momentum ETF (FMTM) at 9.67%. This indicates that PRN's price experiences larger fluctuations and is considered to be riskier than FMTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRN	FMTM	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.11%	9.67%	+5.44%
Volatility (6M) Calculated over the trailing 6-month period	28.53%	21.17%	+7.36%
Volatility (1Y) Calculated over the trailing 1-year period	34.23%	26.61%	+7.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.30%	24.76%	+1.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.88%	24.76%	+0.12%

PRN vs. FMTM - Expense Ratio Comparison

PRN has a 0.60% expense ratio, which is higher than FMTM's 0.45% expense ratio.

Dividends

PRN vs. FMTM - Dividend Comparison

PRN's dividend yield for the trailing twelve months is around 0.10%, less than FMTM's 0.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FMTM MarketDesk Focused U.S. Momentum ETF	0.25%	0.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PRN Invesco Dorsey Wright Industrials Momentum ETF	0.10%	0.17%	0.39%	0.52%	0.82%	0.11%	0.10%	0.42%	0.29%	0.60%	0.57%	0.44%

Frequently Asked Questions

Can I hold both PRN and FMTM in my portfolio?

PRN and FMTM have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PRN or FMTM?

PRN has higher volatility (15.11%) compared to FMTM (9.67%). In terms of maximum drawdown, PRN dropped -59.88% vs FMTM's -15.40%.

Which ETF is better, PRN or FMTM?

On 1-year performance, FMTM leads with 43.74% vs 34.52% for PRN. On fees, FMTM is cheaper at 0.45% per year. On volatility, FMTM has been the lower-risk option at 9.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PRN or FMTM?

Over the 1-year period, FMTM has performed better with a 43.74% return vs 34.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PRN or FMTM?

FMTM is cheaper with a 0.45% expense ratio, compared with 0.60% for PRN.

Which ETF pays a higher dividend yield, PRN or FMTM?

FMTM has the higher dividend yield at 0.25%, compared with 0.10% for PRN.

What is the main difference between PRN and FMTM?

Their fees differ too: 0.60% for PRN and 0.45% for FMTM.

Which has better risk-adjusted returns?

FMTM currently has the higher Sharpe Ratio (1.58 vs 0.92), 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.