PXJ vs. IDMO

Last updated Jul 17, 2026

PXJ (Invesco Dynamic Oil & Gas Services ETF) and IDMO (Invesco S&P International Developed Momentum ETF) are both exchange-traded funds - PXJ is a Energy Equities fund tracking the Dynamic Oil & Gas Services Intellidex Index, while IDMO is a Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. Both are passively managed. Over the past 10 years, PXJ returned -1.36%/yr vs 12.47%/yr for IDMO. At a 0.31 correlation, their price movements are largely independent. PXJ charges 0.63%/yr vs 0.25%/yr for IDMO.

Performance

PXJ vs. IDMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dynamic Oil & Gas Services ETF (PXJ) and Invesco S&P International Developed Momentum ETF (IDMO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PXJ achieves a 41.12% return, which is significantly higher than IDMO's 8.27% return. Over the past 10 years, PXJ has underperformed IDMO with an annualized return of -1.36%, while IDMO has yielded a comparatively higher 12.47% annualized return.

PXJ

• 1D: -0.73%
• 1M: -1.90%
• 6M: 24.87%
• YTD: 41.12%
• 1Y: 74.06%
• 3Y*: 17.80%
• 5Y*: 21.92%
• 10Y*: -1.36%

IDMO

• 1D: -1.59%
• 1M: -2.15%
• 6M: 5.42%
• YTD: 8.27%
• 1Y: 21.68%
• 3Y*: 24.84%
• 5Y*: 15.50%
• 10Y*: 12.47%

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

PXJ vs. IDMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PXJ Invesco Dynamic Oil & Gas Services ETF	41.12%	8.74%	0.21%	14.44%	62.25%	11.28%	-44.31%	-0.32%	-39.82%	-23.08%
IDMO Invesco S&P International Developed Momentum ETF	8.27%	42.17%	12.79%	20.16%	-12.03%	14.31%	22.01%	26.09%	-16.66%	29.21%

Correlation

The correlation between PXJ and IDMO is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since Feb 24, 2012	0.31

The correlation between PXJ and IDMO shifts across timeframes, from 0.22 (1 year) to 0.40 (5 years), reflecting how their relationship changes across market environments.

PXJ vs. IDMO - Sectors Allocation Comparison

Sectors	PXJ	IDMO
Energy	67.7%	1.7%
Industrials	2.7%	21.3%
Utilities	2.1%	7.9%
Financial Services	0.2%	43.2%
Basic Materials	-	10.6%
Communication Services	-	2.1%
Consumer Cyclical	-	1.5%
Consumer Defensive	-	2.5%
Healthcare	-	1.1%
Real Estate	-	1.8%
Technology	-	6.2%

Return for Risk

PXJ vs. IDMO — Risk / Return Rank

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

PXJ

PXJ Risk / Return Rank: 90
PXJ Sharpe Ratio Rank: 94
PXJ Sortino Ratio Rank: 92
PXJ Omega Ratio Rank: 88
PXJ Calmar Ratio Rank: 88
PXJ Martin Ratio Rank: 86

IDMO

IDMO Risk / Return Rank: 42
IDMO Sharpe Ratio Rank: 39
IDMO Sortino Ratio Rank: 40
IDMO Omega Ratio Rank: 39
IDMO Calmar Ratio Rank: 42
IDMO Martin Ratio Rank: 51

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.

PXJ vs. IDMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Oil & Gas Services ETF (PXJ) and Invesco S&P International Developed Momentum ETF (IDMO). 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.

	PXJ	IDMO	Difference
Sharpe ratio: Return per unit of total volatility	2.81	1.18	+1.64
Sortino ratio: Return per unit of downside risk	3.55	1.74	+1.81
Omega ratio: Gain probability vs. loss probability	1.44	1.22	+0.22
Calmar ratio: Return relative to maximum drawdown	4.05	1.77	+2.28
Martin ratio: Return relative to average drawdown	14.18	6.94	+7.24

PXJ vs. IDMO - Sharpe Ratio Comparison

The current PXJ Sharpe Ratio is 2.81, which is higher than the IDMO Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of PXJ and IDMO, 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

PXJ vs. IDMO - Drawdown Comparison

The maximum PXJ drawdown since its inception was -94.82%, which is greater than IDMO's maximum drawdown of -39.38%. Use the drawdown chart below to compare losses from any high point for PXJ and IDMO.

Drawdown Indicators

	PXJ	IDMO	Difference
Max Drawdown Largest peak-to-trough decline	-94.82%	-39.38%	-55.44%
Max Drawdown (1Y) Largest decline over 1 year	-18.39%	-12.31%	-6.08%
Max Drawdown (3Y) Largest decline over 3 years	-40.03%	-12.65%	-27.38%
Max Drawdown (5Y) Largest decline over 5 years	-40.03%	-27.07%	-12.96%
Max Drawdown (10Y) Largest decline over 10 years	-87.72%	-31.34%	-56.38%
Current Drawdown Current decline from peak	-67.75%	-3.93%	-63.82%
Average Drawdown Average peak-to-trough decline	-55.73%	-9.70%	-46.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.24%	3.13%	+2.11%

Volatility

PXJ vs. IDMO - Volatility Comparison

Invesco Dynamic Oil & Gas Services ETF (PXJ) has a higher volatility of 8.12% compared to Invesco S&P International Developed Momentum ETF (IDMO) at 5.93%. This indicates that PXJ's price experiences larger fluctuations and is considered to be riskier than IDMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PXJ	IDMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.12%	5.93%	+2.19%
Volatility (6M) Calculated over the trailing 6-month period	19.07%	16.86%	+2.21%
Volatility (1Y) Calculated over the trailing 1-year period	26.51%	18.53%	+7.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.28%	18.14%	+16.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.18%	17.89%	+21.29%

PXJ vs. IDMO - Expense Ratio Comparison

PXJ has a 0.63% expense ratio, which is higher than IDMO's 0.25% expense ratio.

Dividends

PXJ vs. IDMO - Dividend Comparison

PXJ's dividend yield for the trailing twelve months is around 2.47%, less than IDMO's 3.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IDMO Invesco S&P International Developed Momentum ETF	3.69%	3.71%	2.24%	2.89%	3.66%	1.81%	1.63%	2.78%	3.27%	3.08%	2.18%	2.52%
PXJ Invesco Dynamic Oil & Gas Services ETF	2.47%	2.91%	3.34%	1.99%	0.65%	2.40%	4.72%	1.87%	0.99%	2.75%	1.18%	2.36%

Frequently Asked Questions

Can I hold both PXJ and IDMO in my portfolio?

PXJ and IDMO have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PXJ or IDMO?

PXJ has higher volatility (8.12%) compared to IDMO (5.93%). In terms of maximum drawdown, PXJ dropped -94.82% vs IDMO's -39.38%.

Which ETF is better, PXJ or IDMO?

On 10-year performance, IDMO leads with 12.47% vs -1.36% for PXJ. On fees, IDMO is cheaper at 0.25% per year. On volatility, IDMO has been the lower-risk option at 5.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PXJ or IDMO?

Over the 10-year period, IDMO has performed better with a 12.47% return vs -1.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PXJ or IDMO?

IDMO is cheaper with a 0.25% expense ratio, compared with 0.63% for PXJ.

Which ETF pays a higher dividend yield, PXJ or IDMO?

IDMO has the higher dividend yield at 3.69%, compared with 2.47% for PXJ.

What is the main difference between PXJ and IDMO?

PXJ is categorized as Energy Equities, while IDMO is Momentum. PXJ tracks Dynamic Oil & Gas Services Intellidex Index, while IDMO tracks S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. Their fees differ too: 0.63% for PXJ and 0.25% for IDMO.

Which has better risk-adjusted returns?

PXJ currently has the higher Sharpe Ratio (2.81 vs 1.18), 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.