PXF vs. IDMO

Last updated Jun 3, 2026

PXF (Invesco FTSE RAFI Developed Markets ex-U.S. ETF) and IDMO (Invesco S&P International Developed Momentum ETF) are both exchange-traded funds - PXF is a Foreign Large Cap Equities fund tracking the FTSE RAFI Developed Markets ex-U.S. Index, while IDMO is a Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. Both are passively managed. Over the past 10 years, PXF returned 11.88%/yr vs 12.22%/yr for IDMO. A 0.62 correlation means they provide meaningful diversification when combined. PXF charges 0.45%/yr vs 0.25%/yr for IDMO.

Performance

PXF vs. IDMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco FTSE RAFI Developed Markets ex-U.S. ETF (PXF) and Invesco S&P International Developed Momentum ETF (IDMO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PXF achieves a 21.27% return, which is significantly higher than IDMO's 9.00% return. Both investments have delivered pretty close results over the past 10 years, with PXF having a 11.88% annualized return and IDMO not far ahead at 12.22%.

PXF

• 1D: 0.62%
• 1M: 6.53%
• YTD: 21.27%
• 6M: 25.96%
• 1Y: 44.09%
• 3Y*: 25.42%
• 5Y*: 13.78%
• 10Y*: 11.88%

IDMO

• 1D: 0.95%
• 1M: 1.79%
• YTD: 9.00%
• 6M: 13.58%
• 1Y: 23.87%
• 3Y*: 26.19%
• 5Y*: 16.10%
• 10Y*: 12.22%

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

PXF vs. IDMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF	21.27%	42.51%	4.54%	18.46%	-9.09%	15.93%	2.58%	17.50%	-14.84%	24.52%
IDMO Invesco S&P International Developed Momentum ETF	9.00%	42.17%	12.79%	20.16%	-12.03%	14.31%	22.01%	26.09%	-16.66%	29.21%

Correlation

The correlation between PXF and IDMO is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.71
Correlation (All Time) Calculated using the full available price history since Feb 27, 2012	0.62

Over the past year, PXF and IDMO have become more correlated (0.84) than their long-term average of 0.62, meaning their price movements have been converging.

PXF vs. IDMO - Sectors Allocation Comparison

Sectors	PXF	IDMO
Financial Services	19.7%	42.4%
Industrials	15.1%	22.6%
Technology	11.4%	5.3%
Energy	10.6%	1.9%
Consumer Cyclical	10.2%	1.4%
Basic Materials	10.1%	10.2%
Healthcare	7.2%	1.2%
Consumer Defensive	6.1%	2.5%
Communication Services	4.3%	2.2%
Utilities	3.6%	8.4%
Real Estate	1.8%	2.0%

Return for Risk

PXF vs. IDMO — Risk / Return Rank

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

PXF

PXF Risk / Return Rank: 83
PXF Sharpe Ratio Rank: 87
PXF Sortino Ratio Rank: 84
PXF Omega Ratio Rank: 85
PXF Calmar Ratio Rank: 80
PXF Martin Ratio Rank: 80

IDMO

IDMO Risk / Return Rank: 43
IDMO Sharpe Ratio Rank: 40
IDMO Sortino Ratio Rank: 41
IDMO Omega Ratio Rank: 40
IDMO Calmar Ratio Rank: 42
IDMO Martin Ratio Rank: 51

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.

PXF vs. IDMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE RAFI Developed Markets ex-U.S. ETF (PXF) and Invesco S&P International Developed Momentum ETF (IDMO). 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.

	PXF	IDMO	Difference
Sharpe ratio Return per unit of total volatility	2.91	1.42	+1.49
Sortino ratio Return per unit of downside risk	3.82	2.10	+1.73
Omega ratio Gain probability vs. loss probability	1.52	1.26	+0.26
Calmar ratio Return relative to maximum drawdown	4.18	2.08	+2.10
Martin ratio Return relative to average drawdown	16.08	8.68	+7.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PXF vs. IDMO - Sharpe Ratio Comparison

The current PXF Sharpe Ratio is 2.91, which is higher than the IDMO Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of PXF and IDMO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PXF	IDMO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.91	1.42	+1.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	0.91	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	0.68	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.46	-0.22

Drawdowns

PXF vs. IDMO - Drawdown Comparison

The maximum PXF drawdown since its inception was -64.74%, which is greater than IDMO's maximum drawdown of -39.38%. Use the drawdown chart below to compare losses from any high point for PXF and IDMO.

Drawdown Indicators

	PXF	IDMO	Difference
Max Drawdown Largest peak-to-trough decline	-64.74%	-39.38%	-25.36%
Max Drawdown (1Y) Largest decline over 1 year	-10.91%	-12.31%	+1.40%
Max Drawdown (3Y) Largest decline over 3 years	-14.06%	-12.65%	-1.41%
Max Drawdown (5Y) Largest decline over 5 years	-26.82%	-27.07%	+0.25%
Max Drawdown (10Y) Largest decline over 10 years	-41.59%	-31.34%	-10.25%
Current Drawdown Current decline from peak	0.00%	-1.16%	+1.16%
Average Drawdown Average peak-to-trough decline	-15.28%	-9.76%	-5.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	2.95%	-0.11%

Volatility

PXF vs. IDMO - Volatility Comparison

The current volatility for Invesco FTSE RAFI Developed Markets ex-U.S. ETF (PXF) is 5.41%, while Invesco S&P International Developed Momentum ETF (IDMO) has a volatility of 6.52%. This indicates that PXF experiences smaller price fluctuations and is considered to be less risky than IDMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PXF	IDMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.41%	6.52%	-1.11%
Volatility (6M) Calculated over the trailing 6-month period	12.84%	14.89%	-2.05%
Volatility (1Y) Calculated over the trailing 1-year period	15.24%	16.89%	-1.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.45%	17.84%	-1.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.04%	18.11%	-0.07%

PXF vs. IDMO - Expense Ratio Comparison

PXF has a 0.45% expense ratio, which is higher than IDMO's 0.25% expense ratio.

Dividends

PXF vs. IDMO - Dividend Comparison

PXF's dividend yield for the trailing twelve months is around 3.05%, less than IDMO's 3.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IDMO Invesco S&P International Developed Momentum ETF	3.49%	3.71%	2.24%	2.89%	3.66%	1.81%	1.63%	2.78%	3.27%	3.08%	2.18%	2.52%
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF	3.05%	3.64%	3.48%	3.55%	3.58%	3.74%	2.11%	3.50%	3.38%	2.78%	3.21%	3.10%

Frequently Asked Questions

Can I hold both PXF and IDMO in my portfolio?

PXF and IDMO have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PXF or IDMO?

IDMO has higher volatility (6.52%) compared to PXF (5.41%). In terms of maximum drawdown, PXF dropped -64.74% vs IDMO's -39.38%.

Which ETF is better, PXF or IDMO?

On 10-year performance, IDMO leads with 12.22% vs 11.88% for PXF. On fees, IDMO is cheaper at 0.25% per year. On volatility, PXF has been the lower-risk option at 5.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PXF or IDMO?

Over the 10-year period, IDMO has performed better with a 12.22% return vs 11.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PXF or IDMO?

IDMO is cheaper with a 0.25% expense ratio, compared with 0.45% for PXF.

Which ETF pays a higher dividend yield, PXF or IDMO?

IDMO has the higher dividend yield at 3.49%, compared with 3.05% for PXF.

What is the main difference between PXF and IDMO?

PXF is categorized as Foreign Large Cap Equities, while IDMO is Momentum. PXF tracks FTSE RAFI Developed Markets ex-U.S. Index, while IDMO tracks S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. Their fees differ too: 0.45% for PXF and 0.25% for IDMO.

Which has better risk-adjusted returns?

PXF currently has the higher Sharpe Ratio (2.91 vs 1.42), 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.