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PYZ vs. XMMO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

PYZ vs. XMMO

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco DWA Basic Materials Momentum ETF (PYZ) and Invesco S&P MidCap Momentum ETF (XMMO).

PYZ and XMMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PYZ is a passively managed fund by Invesco that tracks the performance of the Dynamic Basic Materials Sector Intellidex Index. It was launched on Oct 12, 2006. XMMO is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Index. It was launched on Mar 3, 2005. Both PYZ and XMMO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

PYZ vs. XMMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DWA Basic Materials Momentum ETF (PYZ) and Invesco S&P MidCap Momentum ETF (XMMO). The values are adjusted to include any dividend payments, if applicable.

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PYZ vs. XMMO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PYZ
Invesco DWA Basic Materials Momentum ETF		8.90%28.01%2.54%9.56%-15.45%32.68%15.39%20.66%-24.33%20.01%
XMMO
Invesco S&P MidCap Momentum ETF		4.93%13.04%38.03%20.39%-16.02%16.69%29.17%36.78%6.12%37.18%

Returns By Period

In the year-to-date period, PYZ achieves a 8.90% return, which is significantly higher than XMMO's 4.93% return. Over the past 10 years, PYZ has underperformed XMMO with an annualized return of 10.19%, while XMMO has yielded a comparatively higher 18.19% annualized return.

PYZ

1D
4.75%
1M
-9.22%
YTD
8.90%
6M
13.45%
1Y
42.31%
3Y*
13.26%
5Y*
8.53%
10Y*
10.19%

XMMO

1D
4.31%
1M
-3.18%
YTD
4.93%
6M
7.61%
1Y
28.46%
3Y*
25.08%
5Y*
12.21%
10Y*
18.19%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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Invesco DWA Basic Materials Momentum ETF

Invesco S&P MidCap Momentum ETF

Often compared with PYZ:
PYZ vs. UYMPYZ vs. SPMOPYZ vs. XLBPYZ vs. VOOPYZ vs. ^GSPCPYZ vs. MXIPYZ vs. VTI
Often compared with XMMO:
XMMO vs. SPMOXMMO vs. XMHQXMMO vs. VOOXMMO vs. SPGPXMMO vs. MTUMXMMO vs. QMOMXMMO vs. RFV

PYZ vs. XMMO - Expense Ratio Comparison

PYZ has a 0.60% expense ratio, which is higher than XMMO's 0.33% expense ratio.

PYZ
Invesco DWA Basic Materials Momentum ETF
XMMO
Invesco S&P MidCap Momentum ETF

Return for Risk

PYZ vs. XMMO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PYZ
PYZ Risk / Return Rank: 7878
Overall Rank
PYZ Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
PYZ Sortino Ratio Rank: 8080
Sortino Ratio Rank
PYZ Omega Ratio Rank: 7575
Omega Ratio Rank
PYZ Calmar Ratio Rank: 8383
Calmar Ratio Rank
PYZ Martin Ratio Rank: 7575
Martin Ratio Rank
XMMO
XMMO Risk / Return Rank: 8080
Overall Rank
XMMO Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
XMMO Sortino Ratio Rank: 7777
Sortino Ratio Rank
XMMO Omega Ratio Rank: 7474
Omega Ratio Rank
XMMO Calmar Ratio Rank: 8484
Calmar Ratio Rank
XMMO Martin Ratio Rank: 8989
Martin Ratio Rank
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.

PYZ vs. XMMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Basic Materials Momentum ETF (PYZ) and Invesco S&P MidCap Momentum ETF (XMMO). 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.

PYZXMMODifference

Sharpe ratio

Return per unit of total volatility

1.50

1.30

+0.20

Sortino ratio

Return per unit of downside risk

2.07

1.86

+0.20

Omega ratio

Gain probability vs. loss probability

1.28

1.26

+0.02

Calmar ratio

Return relative to maximum drawdown

2.39

2.28

+0.11

Martin ratio

Return relative to average drawdown

7.77

10.83

-3.07

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PYZ vs. XMMO - Sharpe Ratio Comparison

The current PYZ Sharpe Ratio is 1.50, which is comparable to the XMMO Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of PYZ and XMMO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

PYZXMMODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.50

1.30

+0.20

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.33

0.58

-0.25

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.39

0.83

-0.44

Sharpe Ratio (All Time)

Calculated using the full available price history

0.35

0.54

-0.19

Correlation

The correlation between PYZ and XMMO is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

PYZ vs. XMMO - Dividend Comparison

PYZ's dividend yield for the trailing twelve months is around 0.57%, less than XMMO's 0.71% yield.

TTM20252024202320222021202020192018201720162015
PYZ
Invesco DWA Basic Materials Momentum ETF		0.57%0.72%1.13%1.19%1.18%0.33%1.04%1.38%1.20%0.53%1.07%1.25%
XMMO
Invesco S&P MidCap Momentum ETF		0.71%0.78%0.34%0.80%1.43%0.41%0.61%0.60%0.19%0.21%0.22%0.64%

Drawdowns

PYZ vs. XMMO - Drawdown Comparison

The maximum PYZ drawdown since its inception was -65.15%, which is greater than XMMO's maximum drawdown of -55.37%. Use the drawdown chart below to compare losses from any high point for PYZ and XMMO.

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Drawdown Indicators

PYZXMMODifference

Max Drawdown

Largest peak-to-trough decline

-65.15%

-55.37%

-9.78%

Max Drawdown (1Y)

Largest decline over 1 year

-17.75%

-12.81%

-4.94%

Max Drawdown (5Y)

Largest decline over 5 years

-32.97%

-27.91%

-5.06%

Max Drawdown (10Y)

Largest decline over 10 years

-52.46%

-36.74%

-15.72%

Current Drawdown

Current decline from peak

-9.93%

-4.39%

-5.54%

Average Drawdown

Average peak-to-trough decline

-12.71%

-9.52%

-3.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.46%

2.69%

+2.77%

Volatility

PYZ vs. XMMO - Volatility Comparison

Invesco DWA Basic Materials Momentum ETF (PYZ) has a higher volatility of 11.21% compared to Invesco S&P MidCap Momentum ETF (XMMO) at 9.07%. This indicates that PYZ's price experiences larger fluctuations and is considered to be riskier than XMMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PYZXMMODifference

Volatility (1M)

Calculated over the trailing 1-month period

11.21%

9.07%

+2.14%

Volatility (6M)

Calculated over the trailing 6-month period

21.97%

14.28%

+7.69%

Volatility (1Y)

Calculated over the trailing 1-year period

28.36%

21.97%

+6.39%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.95%

21.26%

+4.69%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.38%

22.11%

+4.27%