PSL vs. ROMO
PSL (Invesco DWA Consumer Staples Momentum ETF) and ROMO (Strategy Shares Newfound/ReSolve Robust Momentum ETF) are both Momentum funds - PSL tracks the DWA Consumer Staples Technical Leaders Index while ROMO tracks the Newfound/ReSolve Robust Equity Momentum Index. Both are passively managed. Over the past 5 years, PSL returned 4.59%/yr vs 6.29%/yr for ROMO. A 0.56 correlation means they provide meaningful diversification when combined. PSL charges 0.60%/yr vs 0.82%/yr for ROMO.
Performance
PSL vs. ROMO - Performance Comparison
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Returns By Period
In the year-to-date period, PSL achieves a 11.21% return, which is significantly higher than ROMO's 4.32% return.
PSL
- 1D
- 0.43%
- 1M
- 0.21%
- YTD
- 11.21%
- 6M
- 9.38%
- 1Y
- 1.20%
- 3Y*
- 9.94%
- 5Y*
- 4.59%
- 10Y*
- 8.21%
ROMO
- 1D
- -0.27%
- 1M
- -1.12%
- YTD
- 4.32%
- 6M
- 3.62%
- 1Y
- 14.46%
- 3Y*
- 13.73%
- 5Y*
- 6.29%
- 10Y*
- —
PSL vs. ROMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PSL Invesco DWA Consumer Staples Momentum ETF | 11.21% | -3.47% | 15.42% | 12.32% | -7.76% | 6.88% | 18.15% | 4.52% |
ROMO Strategy Shares Newfound/ReSolve Robust Momentum ETF | 4.32% | 9.29% | 20.68% | 11.05% | -18.88% | 21.41% | -3.48% | 4.25% |
Correlation
The correlation between PSL and ROMO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2019 | 0.56 |
Over the past year, the correlation between PSL and ROMO has dropped to 0.25 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.
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Return for Risk
PSL vs. ROMO — Risk / Return Rank
PSL
ROMO
PSL vs. ROMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Consumer Staples Momentum ETF (PSL) and Strategy Shares Newfound/ReSolve Robust Momentum ETF (ROMO). 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 | ROMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.19 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.09 | 1.30 | -1.21 |
| Martin ratioReturn relative to average drawdown | 0.19 | 4.61 | -4.42 |
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Drawdowns
PSL vs. ROMO - Drawdown Comparison
The maximum PSL drawdown since its inception was -41.58%, which is greater than ROMO's maximum drawdown of -28.66%. Use the drawdown chart below to compare losses from any high point for PSL and ROMO.
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Drawdown Indicators
| PSL | ROMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.58% | -28.66% | -12.92% |
Max Drawdown (1Y)Largest decline over 1 year | -13.64% | -11.16% | -2.48% |
Max Drawdown (3Y)Largest decline over 3 years | -13.64% | -14.09% | +0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -19.45% | -20.26% | +0.81% |
Max Drawdown (10Y)Largest decline over 10 years | -34.67% | — | — |
Current DrawdownCurrent decline from peak | -4.60% | -3.48% | -1.12% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -8.26% | +2.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.20% | 3.14% | +3.06% |
Volatility
PSL vs. ROMO - Volatility Comparison
Invesco DWA Consumer Staples Momentum ETF (PSL) and Strategy Shares Newfound/ReSolve Robust Momentum ETF (ROMO) have volatilities of 4.44% and 4.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSL | ROMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.44% | 4.60% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 9.20% | 11.78% | -2.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.11% | 14.09% | -0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.17% | 12.15% | +3.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.51% | 14.48% | +2.03% |
PSL vs. ROMO - Expense Ratio Comparison
PSL has a 0.60% expense ratio, which is lower than ROMO's 0.82% expense ratio.
Dividends
PSL vs. ROMO - Dividend Comparison
PSL's dividend yield for the trailing twelve months is around 0.75%, less than ROMO's 8.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSL Invesco DWA Consumer Staples Momentum ETF | 0.75% | 0.93% | 0.60% | 1.37% | 1.98% | 1.24% | 0.80% | 0.47% | 0.75% | 0.34% | 2.08% | 1.18% |
ROMO Strategy Shares Newfound/ReSolve Robust Momentum ETF | 8.50% | 8.87% | 0.76% | 2.42% | 0.77% | 0.56% | 0.97% | 0.58% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PSL and ROMO have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ROMO has higher volatility (4.60%) compared to PSL (4.44%). In terms of maximum drawdown, PSL dropped -41.58% vs ROMO's -28.66%.
On 5-year performance, ROMO leads with 6.29% vs 4.59% for PSL. On fees, PSL is cheaper at 0.60% per year. On volatility, PSL has been the lower-risk option at 4.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, ROMO has performed better with a 6.29% return vs 4.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PSL is cheaper with a 0.60% expense ratio, compared with 0.82% for ROMO.
ROMO has the higher dividend yield at 8.50%, compared with 0.75% for PSL.
PSL tracks DWA Consumer Staples Technical Leaders Index, while ROMO tracks Newfound/ReSolve Robust Equity Momentum Index. They also come from different issuers: Invesco and Rational Capital LLC. Their fees differ too: 0.60% for PSL and 0.82% for ROMO.
ROMO currently has the higher Sharpe Ratio (1.03 vs 0.09), 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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