PXI vs. SEIM

Last updated Jun 25, 2026

PXI (Invesco DWA Energy Momentum ETF) and SEIM (SEI Enhanced US Large Cap Momentum Factor ETF) are both Momentum funds. PXI is passively managed, while SEIM is actively managed. Over the past 3 years, PXI returned 15.32%/yr vs 29.06%/yr for SEIM. At a 0.40 correlation, their price movements are largely independent. PXI charges 0.60%/yr vs 0.15%/yr for SEIM.

Performance

PXI vs. SEIM - Performance Comparison

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

Returns By Period

In the year-to-date period, PXI achieves a 20.99% return, which is significantly higher than SEIM's 18.33% return.

PXI

• 1D: -1.63%
• 1M: -9.31%
• YTD: 20.99%
• 6M: 20.69%
• 1Y: 27.45%
• 3Y*: 15.32%
• 5Y*: 13.58%
• 10Y*: 5.57%

SEIM

• 1D: 0.00%
• 1M: 2.95%
• YTD: 18.33%
• 6M: 16.17%
• 1Y: 33.03%
• 3Y*: 29.06%
• 5Y*: —
• 10Y*: —

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

PXI vs. SEIM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PXI Invesco DWA Energy Momentum ETF	20.99%	3.86%	0.76%	5.48%	-0.34%
SEIM SEI Enhanced US Large Cap Momentum Factor ETF	18.33%	20.20%	39.12%	16.25%	-5.62%

Correlation

The correlation between PXI and SEIM is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (All Time) Calculated using the full available price history since May 18, 2022	0.40

Over the past year, the correlation between PXI and SEIM has dropped to 0.05 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.

PXI vs. SEIM - Sectors Allocation Comparison

Sectors	PXI	SEIM
Energy	98.7%	11.8%
Basic Materials	1.1%	4.7%
Industrials	0.9%	6.8%
Financial Services	0.3%	8.1%
Communication Services	-	4.4%
Consumer Cyclical	-	7.2%
Consumer Defensive	-	7.9%
Healthcare	-	9.5%
Real Estate	-	7.2%
Technology	-	29.5%
Utilities	-	2.4%

Return for Risk

PXI vs. SEIM — Risk / Return Rank

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

PXI

PXI Risk / Return Rank: 42
PXI Sharpe Ratio Rank: 39
PXI Sortino Ratio Rank: 36
PXI Omega Ratio Rank: 34
PXI Calmar Ratio Rank: 53
PXI Martin Ratio Rank: 46

SEIM

SEIM Risk / Return Rank: 69
SEIM Sharpe Ratio Rank: 66
SEIM Sortino Ratio Rank: 63
SEIM Omega Ratio Rank: 63
SEIM Calmar Ratio Rank: 73
SEIM Martin Ratio Rank: 80

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. SEIM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Energy Momentum ETF (PXI) and SEI Enhanced US Large Cap Momentum Factor ETF (SEIM). 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.

	PXI	SEIM	Difference
Sharpe ratio: Return per unit of total volatility	1.26	1.91	-0.66
Sortino ratio: Return per unit of downside risk	1.73	2.60	-0.88
Omega ratio: Gain probability vs. loss probability	1.21	1.34	-0.13
Calmar ratio: Return relative to maximum drawdown	2.33	3.30	-0.97
Martin ratio: Return relative to average drawdown	6.86	14.07	-7.21

PXI vs. SEIM - Sharpe Ratio Comparison

The current PXI Sharpe Ratio is 1.26, which is lower than the SEIM Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of PXI and SEIM, 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

PXI vs. SEIM - Drawdown Comparison

The maximum PXI drawdown since its inception was -85.08%, which is greater than SEIM's maximum drawdown of -22.17%. Use the drawdown chart below to compare losses from any high point for PXI and SEIM.

Drawdown Indicators

	PXI	SEIM	Difference
Max Drawdown Largest peak-to-trough decline	-85.08%	-22.17%	-62.91%
Max Drawdown (1Y) Largest decline over 1 year	-11.86%	-10.07%	-1.79%
Max Drawdown (3Y) Largest decline over 3 years	-30.74%	-22.17%	-8.57%
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	-11.86%	-2.24%	-9.62%
Average Drawdown Average peak-to-trough decline	-29.37%	-3.96%	-25.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.01%	2.35%	+1.66%

Volatility

PXI vs. SEIM - Volatility Comparison

Invesco DWA Energy Momentum ETF (PXI) has a higher volatility of 7.78% compared to SEI Enhanced US Large Cap Momentum Factor ETF (SEIM) at 7.15%. This indicates that PXI's price experiences larger fluctuations and is considered to be riskier than SEIM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PXI	SEIM	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.78%	7.15%	+0.63%
Volatility (6M) Calculated over the trailing 6-month period	17.06%	14.39%	+2.67%
Volatility (1Y) Calculated over the trailing 1-year period	21.97%	17.41%	+4.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.40%	19.08%	+14.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.11%	19.08%	+18.03%

PXI vs. SEIM - Expense Ratio Comparison

PXI has a 0.60% expense ratio, which is higher than SEIM's 0.15% expense ratio.

Dividends

PXI vs. SEIM - Dividend Comparison

PXI's dividend yield for the trailing twelve months is around 1.36%, more than SEIM's 0.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PXI Invesco DWA Energy Momentum ETF	1.36%	1.81%	1.52%	1.82%	3.14%	0.57%	1.72%	2.80%	0.93%	0.80%	0.73%	2.07%
SEIM SEI Enhanced US Large Cap Momentum Factor ETF	0.52%	0.56%	0.48%	0.89%	1.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PXI and SEIM in my portfolio?

PXI and SEIM have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PXI or SEIM?

PXI has higher volatility (7.78%) compared to SEIM (7.15%). In terms of maximum drawdown, PXI dropped -85.08% vs SEIM's -22.17%.

Which ETF is better, PXI or SEIM?

On 3-year performance, SEIM leads with 29.06% vs 15.32% for PXI. On fees, SEIM is cheaper at 0.15% per year. On volatility, SEIM has been the lower-risk option at 7.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PXI or SEIM?

Over the 3-year period, SEIM has performed better with a 29.06% return vs 15.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PXI or SEIM?

SEIM is cheaper with a 0.15% expense ratio, compared with 0.60% for PXI.

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

PXI has the higher dividend yield at 1.36%, compared with 0.52% for SEIM.

What is the main difference between PXI and SEIM?

They also come from different issuers: Invesco and SEI. Their fees differ too: 0.60% for PXI and 0.15% for SEIM.

Which has better risk-adjusted returns?

SEIM currently has the higher Sharpe Ratio (1.91 vs 1.26), 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.