SAMM vs. PTH

Last updated Jul 18, 2026

SAMM (Strategas Macro Momentum ETF) and PTH (Invesco DWA Healthcare Momentum ETF) are both Momentum funds. SAMM is actively managed, while PTH is passively managed. Over the past year, SAMM returned 14.49% vs 60.76% for PTH. A 0.60 correlation means they provide meaningful diversification when combined. SAMM charges 0.66%/yr vs 0.60%/yr for PTH.

Performance

SAMM vs. PTH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strategas Macro Momentum ETF (SAMM) and Invesco DWA Healthcare Momentum ETF (PTH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SAMM achieves a 2.70% return, which is significantly lower than PTH's 19.81% return.

SAMM

• 1D: -0.13%
• 1M: -5.03%
• 6M: -0.15%
• YTD: 2.70%
• 1Y: 14.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PTH

• 1D: 2.28%
• 1M: 12.80%
• 6M: 21.36%
• YTD: 19.81%
• 1Y: 60.76%
• 3Y*: 15.33%
• 5Y*: 2.68%
• 10Y*: 14.84%

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

SAMM vs. PTH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SAMM Strategas Macro Momentum ETF	2.70%	12.01%	8.32%
PTH Invesco DWA Healthcare Momentum ETF	19.81%	27.91%	-6.26%

Correlation

The correlation between SAMM and PTH is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (All Time) Calculated using the full available price history since Apr 4, 2024	0.60

The correlation between SAMM and PTH shifts across timeframes, from 0.48 (1 year) to 0.60 (all time), reflecting how their relationship changes across market environments.

SAMM vs. PTH - Sectors Allocation Comparison

Sectors	SAMM	PTH
Industrials	22.3%	-
Technology	19.7%	-
Basic Materials	14.3%	-
Healthcare	9.9%	93.6%
Consumer Cyclical	9.7%	-
Financial Services	8.9%	1.2%
Energy	8.7%	-
Utilities	3.3%	-
Communication Services	3.2%	-
Consumer Defensive	2.8%	-
Real Estate	-	-

Return for Risk

SAMM vs. PTH — Risk / Return Rank

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

SAMM

SAMM Risk / Return Rank: 32
SAMM Sharpe Ratio Rank: 27
SAMM Sortino Ratio Rank: 26
SAMM Omega Ratio Rank: 26
SAMM Calmar Ratio Rank: 40
SAMM Martin Ratio Rank: 39

PTH

PTH Risk / Return Rank: 89
PTH Sharpe Ratio Rank: 92
PTH Sortino Ratio Rank: 89
PTH Omega Ratio Rank: 85
PTH Calmar Ratio Rank: 94
PTH Martin Ratio Rank: 84

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.

SAMM vs. PTH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strategas Macro Momentum ETF (SAMM) and Invesco DWA Healthcare Momentum ETF (PTH). 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.

	SAMM	PTH	Difference
Sharpe ratio: Return per unit of total volatility	0.76	2.50	-1.74
Sortino ratio: Return per unit of downside risk	1.14	3.30	-2.15
Omega ratio: Gain probability vs. loss probability	1.14	1.40	-0.26
Calmar ratio: Return relative to maximum drawdown	1.58	5.10	-3.51
Martin ratio: Return relative to average drawdown	4.64	12.85	-8.21

SAMM vs. PTH - Sharpe Ratio Comparison

The current SAMM Sharpe Ratio is 0.76, which is lower than the PTH Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of SAMM and PTH, 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

SAMM vs. PTH - Drawdown Comparison

The maximum SAMM drawdown since its inception was -24.09%, smaller than the maximum PTH drawdown of -53.52%. Use the drawdown chart below to compare losses from any high point for SAMM and PTH.

Drawdown Indicators

	SAMM	PTH	Difference
Max Drawdown Largest peak-to-trough decline	-24.09%	-53.52%	+29.43%
Max Drawdown (1Y) Largest decline over 1 year	-9.19%	-11.98%	+2.79%
Max Drawdown (3Y) Largest decline over 3 years	—	-27.51%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-50.07%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-53.52%	—
Current Drawdown Current decline from peak	-9.19%	-3.44%	-5.75%
Average Drawdown Average peak-to-trough decline	-4.45%	-16.94%	+12.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	4.75%	-1.62%

Volatility

SAMM vs. PTH - Volatility Comparison

The current volatility for Strategas Macro Momentum ETF (SAMM) is 6.15%, while Invesco DWA Healthcare Momentum ETF (PTH) has a volatility of 7.48%. This indicates that SAMM experiences smaller price fluctuations and is considered to be less risky than PTH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SAMM	PTH	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.15%	7.48%	-1.33%
Volatility (6M) Calculated over the trailing 6-month period	15.27%	19.41%	-4.14%
Volatility (1Y) Calculated over the trailing 1-year period	19.06%	24.42%	-5.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.38%	25.69%	-6.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.38%	27.34%	-7.96%

SAMM vs. PTH - Expense Ratio Comparison

SAMM has a 0.66% expense ratio, which is higher than PTH's 0.60% expense ratio.

Dividends

SAMM vs. PTH - Dividend Comparison

SAMM's dividend yield for the trailing twelve months is around 1.01%, less than PTH's 2.56% yield.

Position	TTM	2025	2024
PTH Invesco DWA Healthcare Momentum ETF	2.56%	3.07%	0.06%
SAMM Strategas Macro Momentum ETF	1.01%	1.03%	0.70%

Frequently Asked Questions

Can I hold both SAMM and PTH in my portfolio?

SAMM and PTH have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SAMM or PTH?

PTH has higher volatility (7.48%) compared to SAMM (6.15%). In terms of maximum drawdown, SAMM dropped -24.09% vs PTH's -53.52%.

Which ETF is better, SAMM or PTH?

On 1-year performance, PTH leads with 60.76% vs 14.49% for SAMM. On fees, PTH is cheaper at 0.60% per year. On volatility, SAMM has been the lower-risk option at 6.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SAMM or PTH?

Over the 1-year period, PTH has performed better with a 60.76% return vs 14.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SAMM or PTH?

PTH is cheaper with a 0.60% expense ratio, compared with 0.66% for SAMM.

Which ETF pays a higher dividend yield, SAMM or PTH?

PTH has the higher dividend yield at 2.56%, compared with 1.01% for SAMM.

What is the main difference between SAMM and PTH?

They also come from different issuers: Strategas and Invesco. Their fees differ too: 0.66% for SAMM and 0.60% for PTH.

Which has better risk-adjusted returns?

PTH currently has the higher Sharpe Ratio (2.50 vs 0.76), 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.