ROMO vs. PUI
ROMO (Strategy Shares Newfound/ReSolve Robust Momentum ETF) and PUI (Invesco DWA Utilities Momentum ETF) are both Momentum funds - ROMO tracks the Newfound/ReSolve Robust Equity Momentum Index while PUI tracks the DWA Utilities Technical Leaders Index. Both are passively managed. Over the past 5 years, ROMO returned 6.41%/yr vs 9.60%/yr for PUI. At a 0.41 correlation, their price movements are largely independent. ROMO charges 0.82%/yr vs 0.60%/yr for PUI.
Performance
ROMO vs. PUI - Performance Comparison
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Returns By Period
In the year-to-date period, ROMO achieves a 4.60% return, which is significantly lower than PUI's 9.29% return.
ROMO
- 1D
- -1.49%
- 1M
- -0.86%
- YTD
- 4.60%
- 6M
- 4.12%
- 1Y
- 15.98%
- 3Y*
- 13.83%
- 5Y*
- 6.41%
- 10Y*
- —
PUI
- 1D
- -0.04%
- 1M
- -0.70%
- YTD
- 9.29%
- 6M
- 8.68%
- 1Y
- 15.52%
- 3Y*
- 16.47%
- 5Y*
- 9.60%
- 10Y*
- 8.41%
ROMO vs. PUI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ROMO Strategy Shares Newfound/ReSolve Robust Momentum ETF | 4.60% | 9.29% | 20.68% | 11.05% | -18.88% | 21.41% | -3.48% | 4.25% |
PUI Invesco DWA Utilities Momentum ETF | 9.29% | 15.25% | 23.91% | -4.47% | -2.17% | 15.02% | -5.05% | 0.07% |
Correlation
The correlation between ROMO and PUI is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2019 | 0.41 |
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Return for Risk
ROMO vs. PUI — Risk / Return Rank
ROMO
PUI
ROMO vs. PUI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Shares Newfound/ReSolve Robust Momentum ETF (ROMO) and Invesco DWA Utilities Momentum ETF (PUI). 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.
| ROMO | PUI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.18 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 1.41 | +0.03 |
| Martin ratioReturn relative to average drawdown | 5.11 | 3.20 | +1.91 |
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Drawdowns
ROMO vs. PUI - Drawdown Comparison
The maximum ROMO drawdown since its inception was -28.66%, smaller than the maximum PUI drawdown of -43.20%. Use the drawdown chart below to compare losses from any high point for ROMO and PUI.
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Drawdown Indicators
| ROMO | PUI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.66% | -43.20% | +14.54% |
Max Drawdown (1Y)Largest decline over 1 year | -11.16% | -11.07% | -0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -14.09% | -15.28% | +1.19% |
Max Drawdown (5Y)Largest decline over 5 years | -20.26% | -23.47% | +3.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.61% | — |
Current DrawdownCurrent decline from peak | -3.22% | -2.66% | -0.56% |
Average DrawdownAverage peak-to-trough decline | -8.26% | -8.45% | +0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 4.86% | -1.72% |
Volatility
ROMO vs. PUI - Volatility Comparison
Strategy Shares Newfound/ReSolve Robust Momentum ETF (ROMO) and Invesco DWA Utilities Momentum ETF (PUI) have volatilities of 4.60% and 4.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ROMO | PUI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.60% | 4.70% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 11.79% | 11.04% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.10% | 15.07% | -0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.16% | 16.62% | -4.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.49% | 19.09% | -4.60% |
ROMO vs. PUI - Expense Ratio Comparison
ROMO has a 0.82% expense ratio, which is higher than PUI's 0.60% expense ratio.
Dividends
ROMO vs. PUI - Dividend Comparison
ROMO's dividend yield for the trailing twelve months is around 8.48%, more than PUI's 1.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PUI Invesco DWA Utilities Momentum ETF | 1.98% | 2.22% | 2.06% | 2.36% | 2.16% | 2.03% | 2.42% | 2.02% | 1.87% | 2.98% | 3.35% | 2.82% |
ROMO Strategy Shares Newfound/ReSolve Robust Momentum ETF | 8.48% | 8.87% | 0.76% | 2.42% | 0.77% | 0.56% | 0.97% | 0.58% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ROMO and PUI have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PUI has higher volatility (4.70%) compared to ROMO (4.60%). In terms of maximum drawdown, ROMO dropped -28.66% vs PUI's -43.20%.
On 5-year performance, PUI leads with 9.60% vs 6.41% for ROMO. On fees, PUI is cheaper at 0.60% per year. On volatility, ROMO has been the lower-risk option at 4.60%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PUI has performed better with a 9.60% return vs 6.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PUI is cheaper with a 0.60% expense ratio, compared with 0.82% for ROMO.
ROMO has the higher dividend yield at 8.48%, compared with 1.98% for PUI.
ROMO tracks Newfound/ReSolve Robust Equity Momentum Index, while PUI tracks DWA Utilities Technical Leaders Index. They also come from different issuers: Rational Capital LLC and Invesco. Their fees differ too: 0.82% for ROMO and 0.60% for PUI.
ROMO currently has the higher Sharpe Ratio (1.14 vs 1.04), 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.
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