PXH vs. LDOS

Last updated Jun 13, 2026

PXH (Invesco FTSE RAFI Emerging Markets ETF) is Emerging Markets Equities fund tracking the FTSE RAFI Emerging Markets Index, while LDOS (Leidos Holdings, Inc.) is a stock. Over the past 10 years, PXH returned 10.91%/yr vs 14.97%/yr for LDOS. At a 0.36 correlation, their price movements are largely independent.

Performance

PXH vs. LDOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco FTSE RAFI Emerging Markets ETF (PXH) and Leidos Holdings, Inc. (LDOS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PXH achieves a 12.73% return, which is significantly higher than LDOS's -32.12% return. Over the past 10 years, PXH has underperformed LDOS with an annualized return of 10.91%, while LDOS has yielded a comparatively higher 14.97% annualized return.

PXH

• 1D: 0.66%
• 1M: -1.13%
• YTD: 12.73%
• 6M: 14.41%
• 1Y: 29.04%
• 3Y*: 20.06%
• 5Y*: 8.70%
• 10Y*: 10.91%

LDOS

• 1D: 0.07%
• 1M: -1.62%
• YTD: -32.12%
• 6M: -35.31%
• 1Y: -16.67%
• 3Y*: 14.74%
• 5Y*: 4.03%
• 10Y*: 14.97%

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

PXH vs. LDOS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PXH Invesco FTSE RAFI Emerging Markets ETF	12.73%	31.44%	12.09%	13.93%	-15.18%	8.31%	-1.91%	16.77%	-8.68%	26.60%
LDOS Leidos Holdings, Inc.	-32.12%	26.50%	34.52%	4.50%	20.04%	-14.20%	8.95%	88.82%	-16.72%	29.14%

Correlation

The correlation between PXH and LDOS is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (10Y) Calculated over the trailing 10-year period	0.26
Correlation (All Time) Calculated using the full available price history since Sep 28, 2007	0.36

Over the past year, the correlation between PXH and LDOS has dropped to 0.12 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.

Return for Risk

PXH vs. LDOS — Risk / Return Rank

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

PXH

PXH Risk / Return Rank: 64
PXH Sharpe Ratio Rank: 64
PXH Sortino Ratio Rank: 61
PXH Omega Ratio Rank: 65
PXH Calmar Ratio Rank: 65
PXH Martin Ratio Rank: 64

LDOS

LDOS Risk / Return Rank: 20
LDOS Sharpe Ratio Rank: 18
LDOS Sortino Ratio Rank: 19
LDOS Omega Ratio Rank: 18
LDOS Calmar Ratio Rank: 29
LDOS Martin Ratio Rank: 20

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.

PXH vs. LDOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE RAFI Emerging Markets ETF (PXH) and Leidos Holdings, Inc. (LDOS). 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.

	PXH	LDOS	Difference
Sharpe ratio: Return per unit of total volatility	1.84	-0.57	+2.41
Sortino ratio: Return per unit of downside risk	2.49	-0.62	+3.12
Omega ratio: Gain probability vs. loss probability	1.34	0.91	+0.42
Calmar ratio: Return relative to maximum drawdown	2.85	-0.43	+3.28
Martin ratio: Return relative to average drawdown	10.21	-1.09	+11.29

PXH vs. LDOS - Sharpe Ratio Comparison

The current PXH Sharpe Ratio is 1.84, which is higher than the LDOS Sharpe Ratio of -0.57. The chart below compares the historical Sharpe Ratios of PXH and LDOS, 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

PXH vs. LDOS - Drawdown Comparison

The maximum PXH drawdown since its inception was -63.63%, which is greater than LDOS's maximum drawdown of -54.72%. Use the drawdown chart below to compare losses from any high point for PXH and LDOS.

Drawdown Indicators

	PXH	LDOS	Difference
Max Drawdown Largest peak-to-trough decline	-63.63%	-54.72%	-8.91%
Max Drawdown (1Y) Largest decline over 1 year	-10.24%	-38.73%	+28.49%
Max Drawdown (3Y) Largest decline over 3 years	-17.72%	-38.73%	+21.01%
Max Drawdown (5Y) Largest decline over 5 years	-29.59%	-38.73%	+9.14%
Max Drawdown (10Y) Largest decline over 10 years	-40.42%	-42.29%	+1.87%
Current Drawdown Current decline from peak	-3.27%	-38.49%	+35.22%
Average Drawdown Average peak-to-trough decline	-16.84%	-19.68%	+2.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.85%	15.33%	-12.48%

Volatility

PXH vs. LDOS - Volatility Comparison

Invesco FTSE RAFI Emerging Markets ETF (PXH) and Leidos Holdings, Inc. (LDOS) have volatilities of 6.41% and 6.30%, 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.

Volatility by Period

	PXH	LDOS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.41%	6.30%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	13.09%	25.00%	-11.91%
Volatility (1Y) Calculated over the trailing 1-year period	15.90%	29.28%	-13.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.87%	26.73%	-8.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.06%	27.48%	-7.42%

Dividends

PXH vs. LDOS - Dividend Comparison

PXH's dividend yield for the trailing twelve months is around 3.49%, more than LDOS's 1.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LDOS Leidos Holdings, Inc.	1.36%	0.90%	1.07%	1.35%	1.37%	1.57%	1.29%	1.35%	2.43%	1.98%	29.17%	3.41%
PXH Invesco FTSE RAFI Emerging Markets ETF	3.49%	4.02%	4.43%	4.84%	5.33%	4.69%	2.79%	3.28%	3.30%	2.74%	1.97%	3.44%

Frequently Asked Questions

Can I hold both PXH and LDOS in my portfolio?

PXH and LDOS have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PXH or LDOS?

PXH has higher volatility (6.41%) compared to LDOS (6.30%). In terms of maximum drawdown, PXH dropped -63.63% vs LDOS's -54.72%.

Which has better risk-adjusted returns?

PXH currently has the higher Sharpe Ratio (1.84 vs -0.57), 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.