SFYX vs. PDP

Last updated Jun 4, 2026

SFYX (SoFi Next 500 ETF) and PDP (Invesco Dorsey Wright Momentum ETF) are both exchange-traded funds - SFYX is a Mid Cap Growth Equities fund tracking the Solactive SoFi US Next 500 Growth Index, while PDP is a Momentum fund tracking the Dorsey Wright Technical Leaders Index. Both are passively managed. Their correlation of 0.82 suggests significant overlap in exposure. SFYX charges 0.00%/yr vs 0.62%/yr for PDP.

Performance

SFYX vs. PDP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SoFi Next 500 ETF (SFYX) and Invesco Dorsey Wright Momentum ETF (PDP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SFYX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PDP

• 1D: 0.57%
• 1M: 6.22%
• YTD: 24.95%
• 6M: 24.18%
• 1Y: 37.20%
• 3Y*: 24.44%
• 5Y*: 11.32%
• 10Y*: 13.60%

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

SFYX vs. PDP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SFYX SoFi Next 500 ETF	5.66%	14.25%	14.45%	17.70%	-22.88%	18.89%	17.63%	6.95%
PDP Invesco Dorsey Wright Momentum ETF	24.95%	8.37%	26.06%	20.88%	-24.49%	7.72%	36.59%	11.91%

Correlation

The correlation between SFYX and PDP is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Apr 12, 2019	0.82

Over the past year, the correlation between SFYX and PDP has dropped to 0.61 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.

SFYX vs. PDP - Sectors Allocation Comparison

Sectors	SFYX	PDP
Industrials	20.5%	39.2%
Technology	16.9%	26.9%
Financial Services	15.9%	4.4%
Healthcare	12.1%	6.5%
Consumer Cyclical	9.9%	5.5%
Real Estate	6.4%	1.3%
Communication Services	4.5%	2.2%
Energy	4.5%	6.3%
Basic Materials	3.2%	2.3%
Consumer Defensive	3.0%	3.8%
Utilities	2.2%	1.6%

Return for Risk

SFYX vs. PDP — Risk / Return Rank

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

PDP

PDP Risk / Return Rank: 53
PDP Sharpe Ratio Rank: 49
PDP Sortino Ratio Rank: 46
PDP Omega Ratio Rank: 46
PDP Calmar Ratio Rank: 63
PDP Martin Ratio Rank: 61

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.

SFYX vs. PDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SoFi Next 500 ETF (SFYX) and Invesco Dorsey Wright Momentum ETF (PDP). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SFYX	PDP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.70	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.52	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.45	—

Drawdowns

Drawdown Indicators

	SFYX	PDP	Difference
Max Drawdown Largest peak-to-trough decline	—	-59.34%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-11.87%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-23.79%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.91%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.70%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-10.61%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.34%	—

Volatility

Volatility by Period

	SFYX	PDP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.51%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.34%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	21.94%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	22.00%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	21.59%	—

SFYX vs. PDP - Expense Ratio Comparison

SFYX has a 0.00% expense ratio, which is lower than PDP's 0.62% expense ratio.

Dividends

SFYX vs. PDP - Dividend Comparison

SFYX's dividend yield for the trailing twelve months is around 1.36%, more than PDP's 0.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PDP Invesco Dorsey Wright Momentum ETF	0.11%	0.17%	0.15%	0.42%	0.45%	0.00%	0.11%	0.25%	0.18%	0.28%	0.81%	0.39%
SFYX SoFi Next 500 ETF	1.36%	1.44%	1.25%	1.51%	1.56%	0.90%	1.16%	1.02%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SFYX and PDP in my portfolio?

SFYX and PDP have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SFYX or PDP?

On fees, SFYX is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SFYX or PDP?

SFYX is cheaper with a 0.00% expense ratio, compared with 0.62% for PDP.

Which ETF pays a higher dividend yield, SFYX or PDP?

SFYX has the higher dividend yield at 1.36%, compared with 0.11% for PDP.

What is the main difference between SFYX and PDP?

SFYX is categorized as Mid Cap Growth Equities, while PDP is Momentum. SFYX tracks Solactive SoFi US Next 500 Growth Index, while PDP tracks Dorsey Wright Technical Leaders Index. They also come from different issuers: Toroso Investments and Invesco. Their fees differ too: 0.00% for SFYX and 0.62% for PDP.