PXI vs. DFMC

Last updated Jun 4, 2026

PXI (Invesco DWA Energy Momentum ETF) and DFMC (Dimensional US Micro Cap Portfolio ETF) are both exchange-traded funds - PXI is a Momentum fund tracking the Dorsey Wright Energy Technical Leaders Index, while DFMC is a Small Cap Blend Equities fund actively managed by Dimensional Fund Advisors. PXI is passively managed, while DFMC is actively managed. At a correlation of -0.40, they often move in opposite directions. PXI charges 0.60%/yr vs 0.41%/yr for DFMC.

Performance

PXI vs. DFMC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DWA Energy Momentum ETF (PXI) and Dimensional US Micro Cap Portfolio ETF (DFMC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PXI

• 1D: 0.46%
• 1M: -4.09%
• YTD: 31.40%
• 6M: 24.82%
• 1Y: 43.58%
• 3Y*: 18.11%
• 5Y*: 16.42%
• 10Y*: 6.25%

DFMC

• 1D: -1.12%
• 1M: 1.77%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PXI vs. DFMC - Yearly Performance Comparison

	2026 (YTD)
PXI Invesco DWA Energy Momentum ETF	1.70%
DFMC Dimensional US Micro Cap Portfolio ETF	11.97%

Correlation

The correlation between PXI and DFMC is -0.40, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 24, 2026	-0.40

Return for Risk

PXI vs. DFMC — Risk / Return Rank

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

PXI

PXI Risk / Return Rank: 63
PXI Sharpe Ratio Rank: 61
PXI Sortino Ratio Rank: 54
PXI Omega Ratio Rank: 54
PXI Calmar Ratio Rank: 79
PXI Martin Ratio Rank: 67

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.

PXI vs. DFMC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Energy Momentum ETF (PXI) and Dimensional US Micro Cap Portfolio ETF (DFMC). 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.

	PXI	DFMC	Difference
Sharpe ratio: Return per unit of total volatility	2.05	—	—
Sortino ratio: Return per unit of downside risk	2.63	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	4.04	—	—
Martin ratio: Return relative to average drawdown	12.41	—	—
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

	PXI	DFMC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.05	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.17	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	4.79	-4.63

Drawdowns

PXI vs. DFMC - Drawdown Comparison

The maximum PXI drawdown since its inception was -85.08%, which is greater than DFMC's maximum drawdown of -4.29%. Use the drawdown chart below to compare losses from any high point for PXI and DFMC.

Drawdown Indicators

	PXI	DFMC	Difference
Max Drawdown Largest peak-to-trough decline	-85.08%	-4.29%	-80.79%
Max Drawdown (1Y) Largest decline over 1 year	-10.83%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-30.74%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.47%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-79.55%	—	—
Current Drawdown Current decline from peak	-4.27%	-1.12%	-3.15%
Average Drawdown Average peak-to-trough decline	-29.44%	-0.84%	-28.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.52%	—	—

Volatility

Volatility by Period

	PXI	DFMC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.76%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.34%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.43%	16.19%	+5.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.47%	16.19%	+17.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.19%	16.19%	+21.00%

PXI vs. DFMC - Expense Ratio Comparison

PXI has a 0.60% expense ratio, which is higher than DFMC's 0.41% expense ratio.

Dividends

PXI vs. DFMC - Dividend Comparison

PXI's dividend yield for the trailing twelve months is around 1.29%, while DFMC has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFMC Dimensional US Micro Cap Portfolio ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PXI Invesco DWA Energy Momentum ETF	1.29%	1.81%	1.52%	1.82%	3.14%	0.57%	1.72%	2.80%	0.93%	0.80%	0.73%	2.07%

Frequently Asked Questions

Can I hold both PXI and DFMC in my portfolio?

PXI and DFMC have a correlation of -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PXI or DFMC?

On fees, DFMC is cheaper at 0.41% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PXI or DFMC?

DFMC is cheaper with a 0.41% expense ratio, compared with 0.60% for PXI.

Which ETF pays a higher dividend yield, PXI or DFMC?

PXI has the higher dividend yield at 1.29%, compared with 0.00% for DFMC.

What is the main difference between PXI and DFMC?

PXI is categorized as Momentum, while DFMC is Small Cap Blend Equities. They also come from different issuers: Invesco and Dimensional Fund Advisors. Their fees differ too: 0.60% for PXI and 0.41% for DFMC.