PYZ vs. SEIM

Last updated Aug 2, 2026

PYZ (Invesco DWA Basic Materials Momentum ETF) and SEIM (SEI Enhanced US Large Cap Momentum Factor ETF) are both Momentum funds. PYZ is passively managed, while SEIM is actively managed. Over the past 3 years, PYZ returned 10.94%/yr vs 26.24%/yr for SEIM. Their 0.69 correlation means they have sometimes moved together and sometimes differently. PYZ charges 0.60%/yr vs 0.15%/yr for SEIM.

Performance

PYZ vs. SEIM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DWA Basic Materials Momentum ETF (PYZ) 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, PYZ achieves a 7.61% return, which is significantly lower than SEIM's 15.26% return.

PYZ

• 1D: -0.87%
• 1M: -3.79%
• 6M: -2.06%
• YTD: 7.61%
• 1Y: 25.31%
• 3Y*: 10.94%
• 5Y*: 6.97%
• 10Y*: 8.18%
• ALL TIME*: 9.40%

SEIM

• 1D: 0.47%
• 1M: -2.14%
• 6M: 12.15%
• YTD: 15.26%
• 1Y: 25.77%
• 3Y*: 26.24%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.51%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PYZ Invesco DWA Basic Materials Momentum ETF	$185.18K	$258.85K	$695.61K
SEIM SEI Enhanced US Large Cap Momentum Factor ETF	$5.57M	$6.94M	$5.12M

PYZ vs. SEIM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PYZ Invesco DWA Basic Materials Momentum ETF	7.61%	28.01%	2.54%	9.56%	-11.13%
SEIM SEI Enhanced US Large Cap Momentum Factor ETF	15.26%	20.20%	39.12%	16.25%	-5.62%

Correlation

The correlation between PYZ and SEIM is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.66
Correlation (3Y) Balances recent behavior with more history.	0.62
Correlation (All Time) Calculated using the full available price history since May 18, 2022	0.69

The correlation between PYZ and SEIM has been stable across timeframes, ranging from 0.62 to 0.69 - a consistent structural relationship.

PYZ vs. SEIM - Sectors Allocation Comparison

Sectors	PYZ	SEIM
Basic Materials	81.7%	8.1%
Industrials	18.3%	3.4%
Consumer Cyclical	4.2%	7.2%
Energy	1.1%	11.8%
Consumer Defensive	0.6%	7.9%
Financial Services	0.3%	8.1%
Communication Services	-	4.4%
Healthcare	-	9.5%
Real Estate	-	7.2%
Technology	-	29.5%
Utilities	-	2.4%

Return for Risk

PYZ vs. SEIM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PYZ

PYZ Risk / Return Rank: 38
PYZ Sharpe Ratio Rank: 37
PYZ Sortino Ratio Rank: 37
PYZ Omega Ratio Rank: 36
PYZ Calmar Ratio Rank: 39
PYZ Martin Ratio Rank: 39

SEIM

SEIM Risk / Return Rank: 60
SEIM Sharpe Ratio Rank: 54
SEIM Sortino Ratio Rank: 53
SEIM Omega Ratio Rank: 51
SEIM Calmar Ratio Rank: 69
SEIM Martin Ratio Rank: 71

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PYZ vs. SEIM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Basic Materials Momentum ETF (PYZ) 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.

	PYZ	SEIM	Difference
Sharpe ratio: Return per unit of total volatility	0.93	1.30	-0.37
Sortino ratio: Return per unit of downside risk	1.40	1.87	-0.47
Omega ratio: Gain probability vs. loss probability	1.17	1.23	-0.06
Calmar ratio: Return relative to maximum drawdown	1.39	2.40	-1.01
Martin ratio: Return relative to average drawdown	3.99	8.72	-4.74

PYZ vs. SEIM - Sharpe Ratio Comparison

The current PYZ Sharpe Ratio is 0.93, which is comparable to the SEIM Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of PYZ 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

PYZ vs. SEIM - Drawdown Comparison

The maximum PYZ drawdown since its inception was -65.15%, which is greater than SEIM's maximum drawdown of -22.17%. Use the drawdown chart below to compare losses from any high point for PYZ and SEIM.

Drawdown Indicators

	PYZ	SEIM	Difference
Max Drawdown Largest peak-to-trough decline	-65.15%	-22.17%	-42.98%
Max Drawdown (1Y) Largest decline over 1 year	-17.75%	-10.07%	-7.68%
Max Drawdown (3Y) Largest decline over 3 years	-26.74%	-22.17%	-4.57%
Max Drawdown (5Y) Largest decline over 5 years	-32.97%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-52.46%	—	—
Current Drawdown Current decline from peak	-11.32%	-5.49%	-5.83%
Average Drawdown Average peak-to-trough decline	-12.59%	-3.97%	-8.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.17%	2.76%	+3.41%

Volatility

PYZ vs. SEIM - Volatility Comparison

The current volatility for Invesco DWA Basic Materials Momentum ETF (PYZ) is 5.38%, while SEI Enhanced US Large Cap Momentum Factor ETF (SEIM) has a volatility of 6.28%. This indicates that PYZ experiences smaller price fluctuations and is considered to be less risky than SEIM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PYZ	SEIM	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.38%	6.28%	-0.90%
Volatility (6M) Calculated over the trailing 6-month period	20.47%	15.62%	+4.85%
Volatility (1Y) Calculated over the trailing 1-year period	26.68%	18.59%	+8.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.51%	19.18%	+6.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.42%	19.18%	+7.24%

PYZ vs. SEIM - Expense Ratio Comparison

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

Dividends

PYZ vs. SEIM - Dividend Comparison

PYZ's dividend yield for the trailing twelve months is around 0.50%, less than SEIM's 0.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PYZ Invesco DWA Basic Materials Momentum ETF	0.50%	0.72%	1.13%	1.19%	1.18%	0.33%	1.04%	1.38%	1.20%	0.53%	1.07%	1.25%
SEIM SEI Enhanced US Large Cap Momentum Factor ETF	0.55%	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 PYZ and SEIM in my portfolio?

PYZ and SEIM have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PYZ or SEIM?

SEIM has higher volatility (6.28%) compared to PYZ (5.38%). In terms of maximum drawdown, PYZ dropped -65.15% vs SEIM's -22.17%.

Which ETF is better, PYZ or SEIM?

On 3-year performance, SEIM leads with 26.24% vs 10.94% for PYZ. On fees, SEIM is cheaper at 0.15% per year. On volatility, PYZ has been the lower-risk option at 5.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PYZ or SEIM?

Over the 3-year period, SEIM has performed better with a 26.24% return vs 10.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PYZ or SEIM?

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

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

SEIM has the higher dividend yield at 0.55%, compared with 0.50% for PYZ.

What is the main difference between PYZ and SEIM?

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

Which has better risk-adjusted returns?

SEIM currently has the higher Sharpe Ratio (1.30 vs 0.93), 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.