SEIM vs. PXI

Last updated Jul 14, 2026

SEIM (SEI Enhanced US Large Cap Momentum Factor ETF) and PXI (Invesco DWA Energy Momentum ETF) are both Momentum funds. SEIM is actively managed, while PXI is passively managed. Over the past 3 years, SEIM returned 27.16%/yr vs 14.90%/yr for PXI. At a 0.40 correlation, their price movements are largely independent. SEIM charges 0.15%/yr vs 0.60%/yr for PXI.

Performance

SEIM vs. PXI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Enhanced US Large Cap Momentum Factor ETF (SEIM) 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, SEIM achieves a 17.37% return, which is significantly lower than PXI's 29.02% return.

SEIM

• 1D: -1.77%
• 1M: -0.38%
• 6M: 13.68%
• YTD: 17.37%
• 1Y: 29.35%
• 3Y*: 27.16%
• 5Y*: —
• 10Y*: —

PXI

• 1D: 2.30%
• 1M: 0.07%
• 6M: 24.43%
• YTD: 29.02%
• 1Y: 33.12%
• 3Y*: 14.90%
• 5Y*: 18.42%
• 10Y*: 5.98%

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

SEIM vs. PXI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SEIM SEI Enhanced US Large Cap Momentum Factor ETF	17.37%	20.20%	39.12%	16.25%	-5.62%
PXI Invesco DWA Energy Momentum ETF	29.02%	3.86%	0.76%	5.48%	-0.34%

Correlation

The correlation between SEIM and PXI is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (All Time) Calculated using the full available price history since May 18, 2022	0.40

Over the past year, the correlation between SEIM and PXI has dropped to 0.05 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.

SEIM vs. PXI - Sectors Allocation Comparison

Sectors	SEIM	PXI
Technology	29.5%	-
Energy	11.8%	95.1%
Healthcare	9.5%	-
Financial Services	8.1%	0.3%
Basic Materials	8.1%	4.9%
Consumer Defensive	7.9%	-
Consumer Cyclical	7.2%	-
Real Estate	7.2%	-
Communication Services	4.4%	-
Industrials	3.4%	0.9%
Utilities	2.4%	-

Return for Risk

SEIM vs. PXI — Risk / Return Rank

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

SEIM

SEIM Risk / Return Rank: 67
SEIM Sharpe Ratio Rank: 63
SEIM Sortino Ratio Rank: 61
SEIM Omega Ratio Rank: 60
SEIM Calmar Ratio Rank: 73
SEIM Martin Ratio Rank: 80

PXI

PXI Risk / Return Rank: 55
PXI Sharpe Ratio Rank: 55
PXI Sortino Ratio Rank: 51
PXI Omega Ratio Rank: 49
PXI Calmar Ratio Rank: 68
PXI Martin Ratio Rank: 54

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.

SEIM vs. PXI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Enhanced US Large Cap Momentum Factor ETF (SEIM) 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.

	SEIM	PXI	Difference
Sharpe ratio: Return per unit of total volatility	1.65	1.49	+0.16
Sortino ratio: Return per unit of downside risk	2.27	2.01	+0.26
Omega ratio: Gain probability vs. loss probability	1.29	1.25	+0.04
Calmar ratio: Return relative to maximum drawdown	2.93	2.68	+0.24
Martin ratio: Return relative to average drawdown	12.15	7.29	+4.86

SEIM vs. PXI - Sharpe Ratio Comparison

The current SEIM Sharpe Ratio is 1.65, which is comparable to the PXI Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of SEIM 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

SEIM vs. PXI - Drawdown Comparison

The maximum SEIM drawdown since its inception was -22.17%, smaller than the maximum PXI drawdown of -85.08%. Use the drawdown chart below to compare losses from any high point for SEIM and PXI.

Drawdown Indicators

	SEIM	PXI	Difference
Max Drawdown Largest peak-to-trough decline	-22.17%	-85.08%	+62.91%
Max Drawdown (1Y) Largest decline over 1 year	-10.07%	-12.40%	+2.33%
Max Drawdown (3Y) Largest decline over 3 years	-22.17%	-30.74%	+8.57%
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	-3.76%	-6.01%	+2.25%
Average Drawdown Average peak-to-trough decline	-3.95%	-29.32%	+25.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.42%	4.56%	-2.14%

Volatility

SEIM vs. PXI - Volatility Comparison

SEI Enhanced US Large Cap Momentum Factor ETF (SEIM) and Invesco DWA Energy Momentum ETF (PXI) have volatilities of 7.17% and 7.31%, 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.

Volatility by Period

	SEIM	PXI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.17%	7.31%	-0.14%
Volatility (6M) Calculated over the trailing 6-month period	14.97%	17.49%	-2.52%
Volatility (1Y) Calculated over the trailing 1-year period	17.92%	22.36%	-4.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.12%	33.25%	-14.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.12%	36.99%	-17.87%

SEIM vs. PXI - Expense Ratio Comparison

SEIM has a 0.15% expense ratio, which is lower than PXI's 0.60% expense ratio.

Dividends

SEIM vs. PXI - Dividend Comparison

SEIM's dividend yield for the trailing twelve months is around 0.54%, less than PXI's 1.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PXI Invesco DWA Energy Momentum ETF	1.27%	1.81%	1.52%	1.82%	3.14%	0.57%	1.72%	2.80%	0.93%	0.80%	0.73%	2.07%
SEIM SEI Enhanced US Large Cap Momentum Factor ETF	0.54%	0.56%	0.48%	0.89%	1.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SEIM and PXI in my portfolio?

SEIM and PXI have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SEIM or PXI?

PXI has higher volatility (7.31%) compared to SEIM (7.17%). In terms of maximum drawdown, SEIM dropped -22.17% vs PXI's -85.08%.

Which ETF is better, SEIM or PXI?

On 3-year performance, SEIM leads with 27.16% vs 14.90% for PXI. On fees, SEIM is cheaper at 0.15% per year. On volatility, SEIM has been the lower-risk option at 7.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SEIM or PXI?

Over the 3-year period, SEIM has performed better with a 27.16% return vs 14.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SEIM or PXI?

SEIM is cheaper with a 0.15% expense ratio, compared with 0.60% for PXI.

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

PXI has the higher dividend yield at 1.27%, compared with 0.54% for SEIM.

What is the main difference between SEIM and PXI?

They also come from different issuers: SEI and Invesco. Their fees differ too: 0.15% for SEIM and 0.60% for PXI.

Which has better risk-adjusted returns?

SEIM currently has the higher Sharpe Ratio (1.65 vs 1.49), 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.