PSL vs. JMOM

Last updated Aug 4, 2026

PSL (Invesco DWA Consumer Staples Momentum ETF) and JMOM (JPMorgan U.S. Momentum Factor ETF) are both Momentum funds - PSL tracks the DWA Consumer Staples Technical Leaders Index while JMOM tracks the JP Morgan US Momentum Factor Index. Both are passively managed. Over the past 5 years, PSL returned 6.05%/yr vs 13.81%/yr for JMOM. Their 0.60 correlation means they have sometimes moved together and sometimes differently. PSL charges 0.60%/yr vs 0.12%/yr for JMOM.

Performance

PSL vs. JMOM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DWA Consumer Staples Momentum ETF (PSL) and JPMorgan U.S. Momentum Factor ETF (JMOM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSL achieves a 14.41% return, which is significantly lower than JMOM's 20.54% return.

PSL

• 1D: -0.05%
• 1M: -0.23%
• 6M: 4.39%
• YTD: 14.41%
• 1Y: 6.53%
• 3Y*: 10.58%
• 5Y*: 6.05%
• 10Y*: 8.05%
• ALL TIME*: 9.36%

JMOM

• 1D: 1.25%
• 1M: -1.61%
• 6M: 16.11%
• YTD: 20.54%
• 1Y: 29.18%
• 3Y*: 25.54%
• 5Y*: 13.81%
• 10Y*: —
• ALL TIME*: 15.83%

*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)
JMOM JPMorgan U.S. Momentum Factor ETF	$17.82M	$11.76M	$9.25M
PSL Invesco DWA Consumer Staples Momentum ETF	$139.56K	$200.24K	$192.10K

PSL vs. JMOM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSL Invesco DWA Consumer Staples Momentum ETF	14.41%	-3.47%	15.42%	12.32%	-7.76%	6.88%	18.15%	14.16%	0.92%	5.83%
JMOM JPMorgan U.S. Momentum Factor ETF	20.54%	18.02%	28.47%	22.89%	-20.83%	25.03%	29.25%	28.24%	-5.25%	3.36%

Correlation

The correlation between PSL and JMOM is 0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.06
Correlation (3Y) Balances recent behavior with more history.	0.42
Correlation (5Y) Shows whether the relationship held over a longer period.	0.58
Correlation (All Time) Calculated using the full available price history since Nov 9, 2017	0.60

Over the past year, the correlation between PSL and JMOM has dropped to 0.06 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.

PSL vs. JMOM - Sectors Allocation Comparison

Sectors	PSL	JMOM
Consumer Defensive	86.4%	4.8%
Consumer Cyclical	10.6%	7.7%
Financial Services	1.9%	9.2%
Industrials	1.2%	13.3%
Basic Materials	-	1.2%
Communication Services	-	6.5%
Energy	-	3.2%
Healthcare	-	9.5%
Real Estate	-	2.6%
Technology	-	39.8%
Utilities	-	2.3%

Return for Risk

PSL vs. JMOM — Risk / Return Rank

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

PSL

PSL Risk / Return Rank: 20
PSL Sharpe Ratio Rank: 22
PSL Sortino Ratio Rank: 21
PSL Omega Ratio Rank: 21
PSL Calmar Ratio Rank: 19
PSL Martin Ratio Rank: 18

JMOM

JMOM Risk / Return Rank: 80
JMOM Sharpe Ratio Rank: 76
JMOM Sortino Ratio Rank: 75
JMOM Omega Ratio Rank: 72
JMOM Calmar Ratio Rank: 88
JMOM Martin Ratio Rank: 88

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.

PSL vs. JMOM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Consumer Staples Momentum ETF (PSL) and JPMorgan U.S. Momentum Factor ETF (JMOM). 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.

	PSL	JMOM	Difference
Sharpe ratio: Return per unit of total volatility	0.48	1.78	-1.29
Sortino ratio: Return per unit of downside risk	0.75	2.46	-1.71
Omega ratio: Gain probability vs. loss probability	1.09	1.31	-0.21
Calmar ratio: Return relative to maximum drawdown	0.48	3.66	-3.18
Martin ratio: Return relative to average drawdown	1.05	13.51	-12.46

PSL vs. JMOM - Sharpe Ratio Comparison

The current PSL Sharpe Ratio is 0.48, which is lower than the JMOM Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of PSL and JMOM, 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

PSL vs. JMOM - Drawdown Comparison

The maximum PSL drawdown since its inception was -41.58%, which is greater than JMOM's maximum drawdown of -34.31%. Use the drawdown chart below to compare losses from any high point for PSL and JMOM.

Drawdown Indicators

	PSL	JMOM	Difference
Max Drawdown Largest peak-to-trough decline	-41.58%	-34.31%	-7.27%
Max Drawdown (1Y) Largest decline over 1 year	-13.64%	-8.02%	-5.62%
Max Drawdown (3Y) Largest decline over 3 years	-13.64%	-19.51%	+5.87%
Max Drawdown (5Y) Largest decline over 5 years	-18.96%	-28.26%	+9.30%
Max Drawdown (10Y) Largest decline over 10 years	-34.67%	—	—
Current Drawdown Current decline from peak	-1.85%	-4.22%	+2.37%
Average Drawdown Average peak-to-trough decline	-5.79%	-6.25%	+0.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.22%	2.16%	+4.06%

Volatility

PSL vs. JMOM - Volatility Comparison

The current volatility for Invesco DWA Consumer Staples Momentum ETF (PSL) is 4.62%, while JPMorgan U.S. Momentum Factor ETF (JMOM) has a volatility of 5.42%. This indicates that PSL experiences smaller price fluctuations and is considered to be less risky than JMOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSL	JMOM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.62%	5.42%	-0.80%
Volatility (6M) Calculated over the trailing 6-month period	9.82%	14.02%	-4.20%
Volatility (1Y) Calculated over the trailing 1-year period	13.66%	16.54%	-2.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.16%	19.00%	-3.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.54%	20.17%	-3.63%

PSL vs. JMOM - Expense Ratio Comparison

PSL has a 0.60% expense ratio, which is higher than JMOM's 0.12% expense ratio.

Dividends

PSL vs. JMOM - Dividend Comparison

PSL's dividend yield for the trailing twelve months is around 0.73%, less than JMOM's 0.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JMOM JPMorgan U.S. Momentum Factor ETF	0.75%	0.86%	0.75%	1.21%	1.39%	0.64%	0.85%	1.11%	1.38%	0.29%	0.00%	0.00%
PSL Invesco DWA Consumer Staples Momentum ETF	0.73%	0.93%	0.60%	1.37%	1.98%	1.24%	0.80%	0.47%	0.75%	0.34%	2.08%	1.18%

Frequently Asked Questions

Can I hold both PSL and JMOM in my portfolio?

PSL and JMOM have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSL or JMOM?

JMOM has higher volatility (5.42%) compared to PSL (4.62%). In terms of maximum drawdown, PSL dropped -41.58% vs JMOM's -34.31%.

Which ETF is better, PSL or JMOM?

On 5-year performance, JMOM leads with 13.81% vs 6.05% for PSL. On fees, JMOM is cheaper at 0.12% per year. On volatility, PSL has been the lower-risk option at 4.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSL or JMOM?

Over the 5-year period, JMOM has performed better with a 13.81% return vs 6.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSL or JMOM?

JMOM is cheaper with a 0.12% expense ratio, compared with 0.60% for PSL.

Which ETF pays a higher dividend yield, PSL or JMOM?

JMOM has the higher dividend yield at 0.75%, compared with 0.73% for PSL.

What is the main difference between PSL and JMOM?

PSL tracks DWA Consumer Staples Technical Leaders Index, while JMOM tracks JP Morgan US Momentum Factor Index. They also come from different issuers: Invesco and JPMorgan. Their fees differ too: 0.60% for PSL and 0.12% for JMOM.

Which has better risk-adjusted returns?

JMOM currently has the higher Sharpe Ratio (1.78 vs 0.48), 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.