PUI vs. VAMO
PUI (Invesco DWA Utilities Momentum ETF) and VAMO (Cambria Value and Momentum ETF) are both Momentum funds. PUI is passively managed, while VAMO is actively managed. Over the past 10 years, PUI returned 7.81%/yr vs 5.92%/yr for VAMO. Their 0.21 correlation means their historical movements had little consistent relationship. PUI charges 0.60%/yr vs 0.65%/yr for VAMO.
Performance
PUI vs. VAMO - Performance Comparison
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Returns By Period
In the year-to-date period, PUI achieves a 5.60% return, which is significantly lower than VAMO's 7.53% return. Over the past 10 years, PUI has outperformed VAMO with an annualized return of 7.81%, while VAMO has yielded a comparatively lower 5.92% annualized return.
PUI
- 1D
- -0.27%
- 1M
- -4.01%
- 6M
- 2.49%
- YTD
- 5.60%
- 1Y
- 4.90%
- 3Y*
- 13.99%
- 5Y*
- 8.49%
- 10Y*
- 7.81%
- ALL TIME*
- 8.18%
VAMO
- 1D
- -0.46%
- 1M
- 2.63%
- 6M
- 4.61%
- YTD
- 7.53%
- 1Y
- 21.53%
- 3Y*
- 12.37%
- 5Y*
- 10.87%
- 10Y*
- 5.92%
- ALL TIME*
- 4.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $210.08K | $1.19M | $591.02K | |
| $140.83K | $92.60K | $940.22K |
PUI vs. VAMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PUI Invesco DWA Utilities Momentum ETF | 5.60% | 15.25% | 23.91% | -4.47% | -2.17% | 15.02% | -5.05% | 20.95% | 6.12% | 11.85% |
VAMO Cambria Value and Momentum ETF | 7.53% | 16.51% | 6.11% | 5.58% | 8.55% | 32.16% | -4.92% | -4.63% | -11.43% | 3.82% |
Correlation
The correlation between PUI and VAMO is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.42 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.29 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.22 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2015 | 0.21 |
The correlation between PUI and VAMO shifts across timeframes, from 0.21 (all time) to 0.42 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
PUI vs. VAMO — Risk / Return Rank
PUI
VAMO
PUI vs. VAMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Utilities Momentum ETF (PUI) 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.
| PUI | VAMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.54 | ||
| Sortino ratioReturn per unit of downside risk | -2.21 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.33 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | 3.68 | -3.25 |
| Martin ratioReturn relative to average drawdown | 0.95 | 10.59 | -9.63 |
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Drawdowns
PUI vs. VAMO - Drawdown Comparison
The maximum PUI drawdown since its inception was -43.20%, roughly equal to the maximum VAMO drawdown of -41.84%. Use the drawdown chart below to compare losses from any high point for PUI and VAMO.
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Drawdown Indicators
| PUI | VAMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.20% | -41.84% | -1.36% |
Max Drawdown (1Y)Largest decline over 1 year | -11.07% | -5.55% | -5.52% |
Max Drawdown (3Y)Largest decline over 3 years | -11.31% | -11.61% | +0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -23.47% | -17.25% | -6.22% |
Max Drawdown (10Y)Largest decline over 10 years | -35.61% | -41.84% | +6.23% |
Current DrawdownCurrent decline from peak | -5.95% | -0.59% | -5.36% |
Average DrawdownAverage peak-to-trough decline | -8.42% | -9.84% | +1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.98% | 1.93% | +3.05% |
Volatility
PUI vs. VAMO - Volatility Comparison
Invesco DWA Utilities Momentum ETF (PUI) has a higher volatility of 4.20% compared to Cambria Value and Momentum ETF (VAMO) at 2.12%. This indicates that PUI'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
| PUI | VAMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 2.12% | +2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 11.24% | 7.29% | +3.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.10% | 11.00% | +4.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.59% | 16.74% | -0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.09% | 18.10% | +0.99% |
PUI vs. VAMO - Expense Ratio Comparison
PUI has a 0.60% expense ratio, which is lower than VAMO's 0.65% expense ratio.
Dividends
PUI vs. VAMO - Dividend Comparison
PUI's dividend yield for the trailing twelve months is around 2.05%, more than VAMO's 0.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PUI Invesco DWA Utilities Momentum ETF | 2.05% | 2.22% | 2.06% | 2.36% | 2.16% | 2.03% | 2.42% | 2.02% | 1.87% | 2.98% | 3.35% | 2.82% |
VAMO Cambria Value and Momentum ETF | 0.61% | 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
PUI and VAMO have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PUI has higher volatility (4.20%) compared to VAMO (2.12%). In terms of maximum drawdown, PUI dropped -43.20% vs VAMO's -41.84%.
On 10-year performance, PUI leads with 7.81% vs 5.92% for VAMO. On fees, PUI is cheaper at 0.60% per year. On volatility, VAMO has been the lower-risk option at 2.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, PUI has performed better with a 7.81% return vs 5.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PUI is cheaper with a 0.60% expense ratio, compared with 0.65% for VAMO.
PUI has the higher dividend yield at 2.05%, compared with 0.61% for VAMO.
They also come from different issuers: Invesco and Cambria. Their fees differ too: 0.60% for PUI and 0.65% for VAMO.
VAMO currently has the higher Sharpe Ratio (1.86 vs 0.32), 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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