PYZ vs. SMOM
PYZ (Invesco DWA Basic Materials Momentum ETF) and SMOM (Symmetry Panoramic Sector Momentum ETF) are both exchange-traded funds - PYZ is a Momentum fund tracking the Dorsey Wright Basic Materials Technical Leaders Index, while SMOM is a Large Cap Blend Equities fund actively managed by Symmetry Partners. PYZ is passively managed, while SMOM is actively managed. A 0.65 correlation means they provide meaningful diversification when combined. PYZ charges 0.60%/yr vs 0.63%/yr for SMOM.
Performance
PYZ vs. SMOM - Performance Comparison
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Returns By Period
In the year-to-date period, PYZ achieves a 19.96% return, which is significantly higher than SMOM's 9.82% return.
PYZ
- 1D
- -1.14%
- 1M
- 3.78%
- YTD
- 19.96%
- 6M
- 23.71%
- 1Y
- 46.27%
- 3Y*
- 18.73%
- 5Y*
- 8.15%
- 10Y*
- 10.47%
SMOM
- 1D
- 0.27%
- 1M
- 5.93%
- YTD
- 9.82%
- 6M
- 10.58%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PYZ vs. SMOM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PYZ Invesco DWA Basic Materials Momentum ETF | 19.96% | 6.26% |
SMOM Symmetry Panoramic Sector Momentum ETF | 9.82% | 2.81% |
Correlation
The correlation between PYZ and SMOM is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 11, 2025 | 0.65 |
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Return for Risk
PYZ vs. SMOM — Risk / Return Rank
PYZ
SMOM
PYZ vs. SMOM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Basic Materials Momentum ETF (PYZ) 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.
| PYZ | SMOM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.31 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | — | — |
| Martin ratioReturn relative to average drawdown | 8.64 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PYZ | SMOM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.82 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 1.45 | -1.08 |
Drawdowns
PYZ vs. SMOM - Drawdown Comparison
The maximum PYZ drawdown since its inception was -65.15%, which is greater than SMOM's maximum drawdown of -7.45%. Use the drawdown chart below to compare losses from any high point for PYZ and SMOM.
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Drawdown Indicators
| PYZ | SMOM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.15% | -7.45% | -57.70% |
Max Drawdown (1Y)Largest decline over 1 year | -17.75% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -26.74% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.97% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -52.46% | — | — |
Current DrawdownCurrent decline from peak | -1.14% | 0.00% | -1.14% |
Average DrawdownAverage peak-to-trough decline | -12.64% | -1.48% | -11.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.37% | — | — |
Volatility
PYZ vs. SMOM - Volatility Comparison
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Volatility by Period
| PYZ | SMOM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.68% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 20.11% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 25.57% | 12.62% | +12.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.69% | 12.62% | +13.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.43% | 12.62% | +13.81% |
PYZ vs. SMOM - Expense Ratio Comparison
PYZ has a 0.60% expense ratio, which is lower than SMOM's 0.63% expense ratio.
Dividends
PYZ vs. SMOM - Dividend Comparison
PYZ's dividend yield for the trailing twelve months is around 0.52%, more than SMOM's 0.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYZ Invesco DWA Basic Materials Momentum ETF | 0.52% | 0.72% | 1.13% | 1.19% | 1.18% | 0.33% | 1.04% | 1.38% | 1.20% | 0.53% | 1.07% | 1.25% |
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
PYZ and SMOM have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PYZ is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PYZ is cheaper with a 0.60% expense ratio, compared with 0.63% for SMOM.
PYZ has the higher dividend yield at 0.52%, compared with 0.15% for SMOM.
PYZ 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 PYZ and 0.63% for SMOM.
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