PUI vs. FMTM

Last updated Jun 24, 2026

PUI (Invesco DWA Utilities Momentum ETF) and FMTM (MarketDesk Focused U.S. Momentum ETF) are both Momentum funds. PUI is passively managed, while FMTM is actively managed. Over the past year, PUI returned 15.52% vs 61.05% for FMTM. A 0.55 correlation means they provide meaningful diversification when combined. PUI charges 0.60%/yr vs 0.45%/yr for FMTM.

Performance

PUI vs. FMTM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DWA Utilities Momentum ETF (PUI) 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, PUI achieves a 9.29% return, which is significantly lower than FMTM's 30.53% return.

PUI

• 1D: -0.04%
• 1M: -0.70%
• YTD: 9.29%
• 6M: 8.68%
• 1Y: 15.52%
• 3Y*: 16.47%
• 5Y*: 9.60%
• 10Y*: 8.41%

FMTM

• 1D: -3.43%
• 1M: 4.31%
• YTD: 30.53%
• 6M: 28.10%
• 1Y: 61.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PUI vs. FMTM - Yearly Performance Comparison

	2026 (YTD)	2025
PUI Invesco DWA Utilities Momentum ETF	9.29%	8.67%
FMTM MarketDesk Focused U.S. Momentum ETF	30.53%	28.21%

Correlation

The correlation between PUI and FMTM is 0.51, 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	0.51
Correlation (All Time) Calculated using the full available price history since Mar 20, 2025	0.55

The correlation between PUI and FMTM has been stable across timeframes, ranging from 0.51 to 0.55 - a consistent structural relationship.

Return for Risk

PUI vs. FMTM — Risk / Return Rank

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

PUI

PUI Risk / Return Rank: 28
PUI Sharpe Ratio Rank: 30
PUI Sortino Ratio Rank: 28
PUI Omega Ratio Rank: 27
PUI Calmar Ratio Rank: 30
PUI Martin Ratio Rank: 25

FMTM

FMTM Risk / Return Rank: 81
FMTM Sharpe Ratio Rank: 82
FMTM Sortino Ratio Rank: 72
FMTM Omega Ratio Rank: 74
FMTM Calmar Ratio Rank: 89
FMTM Martin Ratio Rank: 89

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.

PUI vs. FMTM - Risk-Adjusted Trends Comparison

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

	PUI	FMTM	Difference
Sharpe ratio: Return per unit of total volatility	1.04	2.53	-1.49
Sortino ratio: Return per unit of downside risk	1.46	3.09	-1.63
Omega ratio: Gain probability vs. loss probability	1.18	1.42	-0.24
Calmar ratio: Return relative to maximum drawdown	1.41	5.06	-3.65
Martin ratio: Return relative to average drawdown	3.20	19.29	-16.09

PUI vs. FMTM - Sharpe Ratio Comparison

The current PUI Sharpe Ratio is 1.04, which is lower than the FMTM Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of PUI 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

PUI vs. FMTM - Drawdown Comparison

The maximum PUI drawdown since its inception was -43.20%, which is greater than FMTM's maximum drawdown of -12.12%. Use the drawdown chart below to compare losses from any high point for PUI and FMTM.

Drawdown Indicators

	PUI	FMTM	Difference
Max Drawdown Largest peak-to-trough decline	-43.20%	-12.12%	-31.08%
Max Drawdown (1Y) Largest decline over 1 year	-11.07%	-12.12%	+1.05%
Max Drawdown (3Y) Largest decline over 3 years	-15.28%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.47%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.61%	—	—
Current Drawdown Current decline from peak	-2.66%	-3.43%	+0.77%
Average Drawdown Average peak-to-trough decline	-8.45%	-1.91%	-6.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.86%	3.17%	+1.69%

Volatility

PUI vs. FMTM - Volatility Comparison

The current volatility for Invesco DWA Utilities Momentum ETF (PUI) is 4.70%, while MarketDesk Focused U.S. Momentum ETF (FMTM) has a volatility of 9.38%. This indicates that PUI experiences smaller price fluctuations and is considered to be less risky than FMTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PUI	FMTM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.70%	9.38%	-4.68%
Volatility (6M) Calculated over the trailing 6-month period	11.04%	19.05%	-8.01%
Volatility (1Y) Calculated over the trailing 1-year period	15.07%	24.27%	-9.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.62%	23.68%	-7.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.09%	23.68%	-4.59%

PUI vs. FMTM - Expense Ratio Comparison

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

Dividends

PUI vs. FMTM - Dividend Comparison

PUI's dividend yield for the trailing twelve months is around 1.98%, more than FMTM's 0.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FMTM MarketDesk Focused U.S. Momentum ETF	0.23%	0.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PUI Invesco DWA Utilities Momentum ETF	1.98%	2.22%	2.06%	2.36%	2.16%	2.03%	2.42%	2.02%	1.87%	2.98%	3.35%	2.82%

Frequently Asked Questions

Can I hold both PUI and FMTM in my portfolio?

PUI and FMTM have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PUI or FMTM?

FMTM has higher volatility (9.38%) compared to PUI (4.70%). In terms of maximum drawdown, PUI dropped -43.20% vs FMTM's -12.12%.

Which ETF is better, PUI or FMTM?

On 1-year performance, FMTM leads with 61.05% vs 15.52% for PUI. On fees, FMTM is cheaper at 0.45% per year. On volatility, PUI has been the lower-risk option at 4.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PUI or FMTM?

Over the 1-year period, FMTM has performed better with a 61.05% return vs 15.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PUI or FMTM?

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

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

PUI has the higher dividend yield at 1.98%, compared with 0.23% for FMTM.

What is the main difference between PUI and FMTM?

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

Which has better risk-adjusted returns?

FMTM currently has the higher Sharpe Ratio (2.53 vs 1.04), 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.