SAMM vs. PXI

Last updated Aug 2, 2026

SAMM (Strategas Macro Momentum ETF) and PXI (Invesco DWA Energy Momentum ETF) are both Momentum funds. SAMM is actively managed, while PXI is passively managed. Over the past year, SAMM returned 16.55% vs 43.31% for PXI. Their 0.37 correlation means their historical movements had little consistent relationship. SAMM charges 0.66%/yr vs 0.60%/yr for PXI.

Performance

SAMM vs. PXI - Performance Comparison

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

Returns By Period

In the year-to-date period, SAMM achieves a 1.51% return, which is significantly lower than PXI's 32.32% return.

SAMM

• 1D: 0.42%
• 1M: -2.98%
• 6M: -0.50%
• YTD: 1.51%
• 1Y: 16.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 9.39%

PXI

• 1D: 1.27%
• 1M: 10.04%
• 6M: 18.58%
• YTD: 32.32%
• 1Y: 43.31%
• 3Y*: 12.52%
• 5Y*: 20.85%
• 10Y*: 7.01%
• ALL TIME*: 5.73%

*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)
PXI Invesco DWA Energy Momentum ETF	$1.61M	$2.88M	$1.35M
SAMM Strategas Macro Momentum ETF	$110.94K	$102.75K	$133.09K

SAMM vs. PXI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SAMM Strategas Macro Momentum ETF	1.51%	12.01%	8.32%
PXI Invesco DWA Energy Momentum ETF	32.32%	3.86%	-11.46%

Correlation

The correlation between SAMM and PXI is 0.18, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.18
Correlation (All Time) Calculated using the full available price history since Apr 4, 2024	0.37

The correlation between SAMM and PXI shifts across timeframes, from 0.18 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.

SAMM vs. PXI - Sectors Allocation Comparison

Sectors	SAMM	PXI
Technology	20.7%	-
Industrials	15.4%	0.8%
Financial Services	14.6%	0.3%
Energy	14.2%	95.0%
Healthcare	12.4%	-
Consumer Cyclical	6.9%	-
Utilities	6.7%	-
Real Estate	5.8%	-
Basic Materials	3.6%	3.9%
Consumer Defensive	2.8%	-
Communication Services	2.3%	-

Return for Risk

SAMM vs. PXI — Risk / Return Rank

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

SAMM

SAMM Risk / Return Rank: 32
SAMM Sharpe Ratio Rank: 30
SAMM Sortino Ratio Rank: 30
SAMM Omega Ratio Rank: 29
SAMM Calmar Ratio Rank: 33
SAMM Martin Ratio Rank: 38

PXI

PXI Risk / Return Rank: 75
PXI Sharpe Ratio Rank: 78
PXI Sortino Ratio Rank: 73
PXI Omega Ratio Rank: 69
PXI Calmar Ratio Rank: 85
PXI Martin Ratio Rank: 72

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.

SAMM vs. PXI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strategas Macro Momentum ETF (SAMM) and Invesco DWA Energy Momentum ETF (PXI). 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	PXI	Difference
Sharpe ratio: Return per unit of total volatility	0.74	1.78	-1.03
Sortino ratio: Return per unit of downside risk	1.13	2.34	-1.22
Omega ratio: Gain probability vs. loss probability	1.14	1.29	-0.15
Calmar ratio: Return relative to maximum drawdown	1.13	3.22	-2.09
Martin ratio: Return relative to average drawdown	4.01	8.88	-4.86

SAMM vs. PXI - Sharpe Ratio Comparison

The current SAMM Sharpe Ratio is 0.74, which is lower than the PXI Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of SAMM and PXI, 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. PXI - Drawdown Comparison

The maximum SAMM drawdown since its inception was -24.09%, smaller than the maximum PXI drawdown of -85.08%. Use the drawdown chart below to compare losses from any high point for SAMM and PXI.

Drawdown Indicators

	SAMM	PXI	Difference
Max Drawdown Largest peak-to-trough decline	-24.09%	-85.08%	+60.99%
Max Drawdown (1Y) Largest decline over 1 year	-12.96%	-12.40%	-0.56%
Max Drawdown (3Y) Largest decline over 3 years	—	-30.74%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.47%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-79.55%	—
Current Drawdown Current decline from peak	-10.24%	-3.60%	-6.64%
Average Drawdown Average peak-to-trough decline	-4.53%	-29.25%	+24.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.64%	4.54%	-0.90%

Volatility

SAMM vs. PXI - Volatility Comparison

The current volatility for Strategas Macro Momentum ETF (SAMM) is 6.29%, while Invesco DWA Energy Momentum ETF (PXI) has a volatility of 7.05%. This indicates that SAMM experiences smaller price fluctuations and is considered to be less risky than PXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SAMM	PXI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.29%	7.05%	-0.76%
Volatility (6M) Calculated over the trailing 6-month period	15.88%	17.89%	-2.01%
Volatility (1Y) Calculated over the trailing 1-year period	19.74%	22.49%	-2.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.52%	32.81%	-13.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.52%	36.94%	-17.42%

SAMM vs. PXI - Expense Ratio Comparison

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

Dividends

SAMM vs. PXI - Dividend Comparison

SAMM's dividend yield for the trailing twelve months is around 1.02%, less than PXI's 1.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PXI Invesco DWA Energy Momentum ETF	1.24%	1.81%	1.52%	1.82%	3.14%	0.57%	1.72%	2.80%	0.93%	0.80%	0.73%	2.07%
SAMM Strategas Macro Momentum ETF	1.02%	1.03%	0.70%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SAMM and PXI in my portfolio?

SAMM and PXI have a correlation of 0.18, 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 PXI?

PXI has higher volatility (7.05%) compared to SAMM (6.29%). In terms of maximum drawdown, SAMM dropped -24.09% vs PXI's -85.08%.

Which ETF is better, SAMM or PXI?

On 1-year performance, PXI leads with 43.31% vs 16.55% for SAMM. On fees, PXI is cheaper at 0.60% per year. On volatility, SAMM has been the lower-risk option at 6.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SAMM or PXI?

Over the 1-year period, PXI has performed better with a 43.31% return vs 16.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SAMM or PXI?

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

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

PXI has the higher dividend yield at 1.24%, compared with 1.02% for SAMM.

What is the main difference between SAMM and PXI?

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

Which has better risk-adjusted returns?

PXI currently has the higher Sharpe Ratio (1.78 vs 0.74), 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.