PXI vs. FUMIX

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco DWA Energy Momentum ETF (PXI) and Fidelity SAI U.S. Momentum Index Fund (FUMIX).

PXI is a passively managed fund by Invesco that tracks the performance of the Dynamic Energy Sector Intellidex Index. It was launched on Oct 12, 2006. FUMIX is managed by Fidelity. It was launched on Feb 9, 2017.

Performance

PXI vs. FUMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DWA Energy Momentum ETF (PXI) and Fidelity SAI U.S. Momentum Index Fund (FUMIX). The values are adjusted to include any dividend payments, if applicable.

PXI vs. FUMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PXI Invesco DWA Energy Momentum ETF	31.90%	3.86%	0.76%	5.48%	45.85%	75.05%	-35.91%	1.67%	-27.56%	-5.81%
FUMIX Fidelity SAI U.S. Momentum Index Fund	-7.20%	17.01%	33.39%	14.67%	-15.79%	22.56%	29.92%	24.16%	-1.41%	22.71%

Returns By Period

In the year-to-date period, PXI achieves a 31.90% return, which is significantly higher than FUMIX's -7.20% return.

PXI

• 1D: -1.19%
• 1M: 10.64%
• YTD: 31.90%
• 6M: 27.94%
• 1Y: 38.60%
• 3Y*: 16.20%
• 5Y*: 20.20%
• 10Y*: 8.32%

FUMIX

• 1D: -2.00%
• 1M: -9.02%
• YTD: -7.20%
• 6M: -8.78%
• 1Y: 10.91%
• 3Y*: 19.80%
• 5Y*: 11.22%
• 10Y*: —

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

PXI vs. FUMIX - Expense Ratio Comparison

PXI has a 0.60% expense ratio, which is higher than FUMIX's 0.11% expense ratio.

PXI

Invesco DWA Energy Momentum ETF

FUMIX

Fidelity SAI U.S. Momentum Index Fund

Return for Risk

PXI vs. FUMIX — Risk / Return Rank

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

PXI

PXI Risk / Return Rank: 74
PXI Sharpe Ratio Rank: 77
PXI Sortino Ratio Rank: 71
PXI Omega Ratio Rank: 74
PXI Calmar Ratio Rank: 74
PXI Martin Ratio Rank: 71

FUMIX

FUMIX Risk / Return Rank: 25
FUMIX Sharpe Ratio Rank: 23
FUMIX Sortino Ratio Rank: 24
FUMIX Omega Ratio Rank: 24
FUMIX Calmar Ratio Rank: 25
FUMIX Martin Ratio Rank: 29

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. FUMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Energy Momentum ETF (PXI) and Fidelity SAI U.S. Momentum Index Fund (FUMIX). 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	FUMIX	Difference
Sharpe ratio Return per unit of total volatility	1.41	0.56	+0.85
Sortino ratio Return per unit of downside risk	1.81	0.91	+0.90
Omega ratio Gain probability vs. loss probability	1.28	1.13	+0.15
Calmar ratio Return relative to maximum drawdown	1.95	0.71	+1.24
Martin ratio Return relative to average drawdown	7.30	3.07	+4.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PXI vs. FUMIX - Sharpe Ratio Comparison

The current PXI Sharpe Ratio is 1.41, which is higher than the FUMIX Sharpe Ratio of 0.56. The chart below compares the historical Sharpe Ratios of PXI and FUMIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PXI	FUMIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.41	0.56	+0.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.54	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.22	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	0.65	-0.49

Correlation

The correlation between PXI and FUMIX is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

PXI vs. FUMIX - Dividend Comparison

PXI's dividend yield for the trailing twelve months is around 1.29%, less than FUMIX's 2.99% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
FUMIX Fidelity SAI U.S. Momentum Index Fund	2.99%	2.77%	5.89%	18.09%	2.10%	20.67%	8.68%	2.09%	3.84%	0.88%	0.00%	0.00%

Drawdowns

PXI vs. FUMIX - Drawdown Comparison

The maximum PXI drawdown since its inception was -85.08%, which is greater than FUMIX's maximum drawdown of -33.36%. Use the drawdown chart below to compare losses from any high point for PXI and FUMIX.

Drawdown Indicators

	PXI	FUMIX	Difference
Max Drawdown Largest peak-to-trough decline	-85.08%	-33.36%	-51.72%
Max Drawdown (1Y) Largest decline over 1 year	-20.29%	-12.12%	-8.17%
Max Drawdown (5Y) Largest decline over 5 years	-33.47%	-27.66%	-5.81%
Max Drawdown (10Y) Largest decline over 10 years	-79.55%	—	—
Current Drawdown Current decline from peak	-3.23%	-10.99%	+7.76%
Average Drawdown Average peak-to-trough decline	-29.66%	-6.42%	-23.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.41%	2.79%	+2.62%

Volatility

PXI vs. FUMIX - Volatility Comparison

The current volatility for Invesco DWA Energy Momentum ETF (PXI) is 5.75%, while Fidelity SAI U.S. Momentum Index Fund (FUMIX) has a volatility of 6.76%. This indicates that PXI experiences smaller price fluctuations and is considered to be less risky than FUMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PXI	FUMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.75%	6.76%	-1.01%
Volatility (6M) Calculated over the trailing 6-month period	15.07%	12.58%	+2.49%
Volatility (1Y) Calculated over the trailing 1-year period	27.47%	20.98%	+6.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.14%	20.98%	+13.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.29%	21.72%	+15.57%