PRN vs. VAMO
PRN (Invesco DWA Industrials Momentum ETF) and VAMO (Cambria Value and Momentum ETF) are both Momentum funds. PRN is passively managed, while VAMO is actively managed. Over the past 10 years, PRN returned 19.03%/yr vs 5.87%/yr for VAMO. A 0.55 correlation means they provide meaningful diversification when combined. PRN charges 0.60%/yr vs 0.65%/yr for VAMO.
Performance
PRN vs. VAMO - Performance Comparison
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Returns By Period
In the year-to-date period, PRN achieves a 45.08% return, which is significantly higher than VAMO's 4.39% return. Over the past 10 years, PRN has outperformed VAMO with an annualized return of 19.03%, while VAMO has yielded a comparatively lower 5.87% annualized return.
PRN
- 1D
- -3.57%
- 1M
- 6.97%
- YTD
- 45.08%
- 6M
- 39.29%
- 1Y
- 65.87%
- 3Y*
- 36.27%
- 5Y*
- 20.84%
- 10Y*
- 19.03%
VAMO
- 1D
- -0.39%
- 1M
- 1.34%
- YTD
- 4.39%
- 6M
- 3.05%
- 1Y
- 19.78%
- 3Y*
- 13.95%
- 5Y*
- 9.24%
- 10Y*
- 5.87%
PRN vs. VAMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRN Invesco DWA Industrials Momentum ETF | 45.08% | 13.74% | 30.35% | 37.96% | -25.09% | 25.21% | 36.39% | 34.52% | -16.19% | 22.82% |
VAMO Cambria Value and Momentum ETF | 4.39% | 16.51% | 6.11% | 5.58% | 8.55% | 32.16% | -4.92% | -4.63% | -11.43% | 3.82% |
Correlation
The correlation between PRN and VAMO is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2015 | 0.55 |
The correlation between PRN and VAMO shifts across timeframes, from 0.55 (all time) to 0.65 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
PRN vs. VAMO — Risk / Return Rank
PRN
VAMO
PRN vs. VAMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Industrials Momentum ETF (PRN) and Cambria Value and Momentum ETF (VAMO). 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 | VAMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.31 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.68 | 3.58 | +1.10 |
| Martin ratioReturn relative to average drawdown | 15.34 | 10.28 | +5.06 |
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Drawdowns
PRN vs. VAMO - Drawdown Comparison
The maximum PRN drawdown since its inception was -59.88%, which is greater than VAMO's maximum drawdown of -41.84%. Use the drawdown chart below to compare losses from any high point for PRN and VAMO.
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Drawdown Indicators
| PRN | VAMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.88% | -41.84% | -18.04% |
Max Drawdown (1Y)Largest decline over 1 year | -14.15% | -5.55% | -8.60% |
Max Drawdown (3Y)Largest decline over 3 years | -30.78% | -11.61% | -19.17% |
Max Drawdown (5Y)Largest decline over 5 years | -34.84% | -17.25% | -17.59% |
Max Drawdown (10Y)Largest decline over 10 years | -36.27% | -41.84% | +5.57% |
Current DrawdownCurrent decline from peak | -3.57% | -1.59% | -1.98% |
Average DrawdownAverage peak-to-trough decline | -10.82% | -9.94% | -0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.31% | 1.93% | +2.38% |
Volatility
PRN vs. VAMO - Volatility Comparison
Invesco DWA Industrials Momentum ETF (PRN) has a higher volatility of 12.02% compared to Cambria Value and Momentum ETF (VAMO) at 2.70%. This indicates that PRN's price experiences larger fluctuations and is considered to be riskier than VAMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRN | VAMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.02% | 2.70% | +9.32% |
Volatility (6M)Calculated over the trailing 6-month period | 24.35% | 7.65% | +16.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.47% | 11.23% | +19.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.41% | 17.18% | +8.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.38% | 18.10% | +6.28% |
PRN vs. VAMO - Expense Ratio Comparison
PRN has a 0.60% expense ratio, which is lower than VAMO's 0.65% expense ratio.
Dividends
PRN vs. VAMO - Dividend Comparison
PRN's dividend yield for the trailing twelve months is around 0.08%, less than VAMO's 0.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRN Invesco DWA Industrials Momentum ETF | 0.08% | 0.17% | 0.39% | 0.52% | 0.82% | 0.11% | 0.10% | 0.42% | 0.29% | 0.60% | 0.57% | 0.44% |
VAMO Cambria Value and Momentum ETF | 0.62% | 1.41% | 0.84% | 1.35% | 1.10% | 1.07% | 1.03% | 1.15% | 1.03% | 0.35% | 0.56% | 0.20% |
Frequently Asked Questions
PRN and VAMO have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRN has higher volatility (12.02%) compared to VAMO (2.70%). In terms of maximum drawdown, PRN dropped -59.88% vs VAMO's -41.84%.
On 10-year performance, PRN leads with 19.03% vs 5.87% for VAMO. On fees, PRN is cheaper at 0.60% per year. On volatility, VAMO has been the lower-risk option at 2.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, PRN has performed better with a 19.03% return vs 5.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PRN is cheaper with a 0.60% expense ratio, compared with 0.65% for VAMO.
VAMO has the higher dividend yield at 0.62%, compared with 0.08% for PRN.
They also come from different issuers: Invesco and Cambria. Their fees differ too: 0.60% for PRN and 0.65% for VAMO.
PRN currently has the higher Sharpe Ratio (2.18 vs 1.77), 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.
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