PXI vs. SMOM

Last updated Jun 5, 2026

PXI (Invesco DWA Energy Momentum ETF) and SMOM (Symmetry Panoramic Sector Momentum ETF) are both exchange-traded funds - PXI is a Momentum fund tracking the Dorsey Wright Energy Technical Leaders Index, while SMOM is a Large Cap Blend Equities fund actively managed by Symmetry Partners. PXI is passively managed, while SMOM is actively managed. At a 0.12 correlation, their price movements are largely independent. PXI charges 0.60%/yr vs 0.63%/yr for SMOM.

Performance

PXI vs. SMOM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DWA Energy Momentum ETF (PXI) and Symmetry Panoramic Sector Momentum ETF (SMOM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PXI achieves a 32.39% return, which is significantly higher than SMOM's 9.53% return.

PXI

• 1D: 0.75%
• 1M: -3.55%
• YTD: 32.39%
• 6M: 24.73%
• 1Y: 46.96%
• 3Y*: 18.93%
• 5Y*: 16.60%
• 10Y*: 5.94%

SMOM

• 1D: -0.27%
• 1M: 4.63%
• YTD: 9.53%
• 6M: 10.08%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PXI vs. SMOM - Yearly Performance Comparison

	2026 (YTD)	2025
PXI Invesco DWA Energy Momentum ETF	32.39%	2.76%
SMOM Symmetry Panoramic Sector Momentum ETF	9.53%	2.81%

Correlation

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

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 11, 2025	0.12

Return for Risk

PXI vs. SMOM — Risk / Return Rank

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

PXI

PXI Risk / Return Rank: 69
PXI Sharpe Ratio Rank: 69
PXI Sortino Ratio Rank: 60
PXI Omega Ratio Rank: 59
PXI Calmar Ratio Rank: 83
PXI Martin Ratio Rank: 72

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. SMOM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Energy Momentum ETF (PXI) and Symmetry Panoramic Sector Momentum ETF (SMOM). 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	SMOM	Difference
Sharpe ratio: Return per unit of total volatility	2.22	—	—
Sortino ratio: Return per unit of downside risk	2.80	—	—
Omega ratio: Gain probability vs. loss probability	1.36	—	—
Calmar ratio: Return relative to maximum drawdown	4.36	—	—
Martin ratio: Return relative to average drawdown	13.35	—	—
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	SMOM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.22	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	1.41	-1.24

Drawdowns

PXI vs. SMOM - Drawdown Comparison

The maximum PXI drawdown since its inception was -85.08%, which is greater than SMOM's maximum drawdown of -7.45%. Use the drawdown chart below to compare losses from any high point for PXI and SMOM.

Drawdown Indicators

	PXI	SMOM	Difference
Max Drawdown Largest peak-to-trough decline	-85.08%	-7.45%	-77.63%
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	-3.55%	-0.27%	-3.28%
Average Drawdown Average peak-to-trough decline	-29.43%	-1.47%	-27.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.53%	—	—

Volatility

Volatility by Period

	PXI	SMOM	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.81%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.32%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.36%	12.59%	+8.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.47%	12.59%	+20.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.18%	12.59%	+24.59%

PXI vs. SMOM - Expense Ratio Comparison

PXI has a 0.60% expense ratio, which is lower than SMOM's 0.63% expense ratio.

Dividends

PXI vs. SMOM - Dividend Comparison

PXI's dividend yield for the trailing twelve months is around 1.28%, more than SMOM's 0.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PXI Invesco DWA Energy Momentum ETF	1.28%	1.81%	1.52%	1.82%	3.14%	0.57%	1.72%	2.80%	0.93%	0.80%	0.73%	2.07%
SMOM Symmetry Panoramic Sector Momentum ETF	0.15%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PXI and SMOM in my portfolio?

PXI and SMOM 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 ETF is better, PXI or SMOM?

On fees, PXI is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PXI or SMOM?

PXI is cheaper with a 0.60% expense ratio, compared with 0.63% for SMOM.

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

PXI has the higher dividend yield at 1.28%, compared with 0.15% for SMOM.

What is the main difference between PXI and SMOM?

PXI is categorized as Momentum, while SMOM is Large Cap Blend Equities. They also come from different issuers: Invesco and Symmetry Partners. Their fees differ too: 0.60% for PXI and 0.63% for SMOM.