PTH vs. SMOM

Last updated Jun 4, 2026

PTH (Invesco DWA Healthcare Momentum ETF) and SMOM (Symmetry Panoramic Sector Momentum ETF) are both exchange-traded funds - PTH is a Momentum fund tracking the Dorsey Wright Healthcare Technical Leaders Index, while SMOM is a Large Cap Blend Equities fund actively managed by Symmetry Partners. PTH is passively managed, while SMOM is actively managed. At a 0.41 correlation, their price movements are largely independent. PTH charges 0.60%/yr vs 0.63%/yr for SMOM.

Performance

PTH vs. SMOM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DWA Healthcare Momentum ETF (PTH) and Symmetry Panoramic Sector Momentum ETF (SMOM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PTH achieves a -1.13% return, which is significantly lower than SMOM's 9.82% return.

PTH

• 1D: 1.64%
• 1M: -4.72%
• YTD: -1.13%
• 6M: -4.72%
• 1Y: 34.27%
• 3Y*: 8.31%
• 5Y*: -0.77%
• 10Y*: 12.78%

SMOM

• 1D: 0.27%
• 1M: 5.93%
• YTD: 9.82%
• 6M: 10.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PTH vs. SMOM - Yearly Performance Comparison

	2026 (YTD)	2025
PTH Invesco DWA Healthcare Momentum ETF	-1.13%	27.28%
SMOM Symmetry Panoramic Sector Momentum ETF	9.82%	2.81%

Correlation

The correlation between PTH and SMOM is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 11, 2025	0.41

Return for Risk

PTH vs. SMOM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PTH

PTH Risk / Return Rank: 45
PTH Sharpe Ratio Rank: 42
PTH Sortino Ratio Rank: 43
PTH Omega Ratio Rank: 39
PTH Calmar Ratio Rank: 58
PTH Martin Ratio Rank: 45

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PTH vs. SMOM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Healthcare Momentum ETF (PTH) 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.

	PTH	SMOM	Difference
Sharpe ratio: Return per unit of total volatility	1.48	—	—
Sortino ratio: Return per unit of downside risk	2.17	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	2.87	—	—
Martin ratio: Return relative to average drawdown	7.37	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PTH	SMOM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.48	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.03	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	1.45	-1.05

Drawdowns

PTH vs. SMOM - Drawdown Comparison

The maximum PTH drawdown since its inception was -53.52%, which is greater than SMOM's maximum drawdown of -7.45%. Use the drawdown chart below to compare losses from any high point for PTH and SMOM.

Drawdown Indicators

	PTH	SMOM	Difference
Max Drawdown Largest peak-to-trough decline	-53.52%	-7.45%	-46.07%
Max Drawdown (1Y) Largest decline over 1 year	-11.98%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-28.70%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-50.07%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-53.52%	—	—
Current Drawdown Current decline from peak	-19.32%	0.00%	-19.32%
Average Drawdown Average peak-to-trough decline	-17.00%	-1.48%	-15.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.66%	—	—

Volatility

Volatility by Period

	PTH	SMOM	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.84%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.83%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.31%	12.62%	+10.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.49%	12.62%	+12.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.24%	12.62%	+14.62%

PTH vs. SMOM - Expense Ratio Comparison

PTH has a 0.60% expense ratio, which is lower than SMOM's 0.63% expense ratio.

Dividends

PTH vs. SMOM - Dividend Comparison

PTH's dividend yield for the trailing twelve months is around 3.11%, more than SMOM's 0.15% yield.

Position	TTM	2025	2024
PTH Invesco DWA Healthcare Momentum ETF	3.11%	3.07%	0.06%
SMOM Symmetry Panoramic Sector Momentum ETF	0.15%	0.16%	0.00%

Frequently Asked Questions

Can I hold both PTH and SMOM in my portfolio?

PTH and SMOM have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PTH or SMOM?

On fees, PTH is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PTH or SMOM?

PTH is cheaper with a 0.60% expense ratio, compared with 0.63% for SMOM.

Which ETF pays a higher dividend yield, PTH or SMOM?

PTH has the higher dividend yield at 3.11%, compared with 0.15% for SMOM.

What is the main difference between PTH and SMOM?

PTH 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: 0.60% for PTH and 0.63% for SMOM.