PDP vs SPY
Comparison between INVESCO DORSEY WRIGHT MOMENTUM ETF (PDP, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed PDP, delivering a return of +13.3% compared to +10.2%
PDP vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
PDP
$1.30B
Winner
SPY
$652B
Expense Ratio
PDP
0.62%
Winner
SPY
0.09%
Max Drawdown
PDP
59.45%
Winner
SPY
56.47%
Sharpe Ratio
PDP
1.41
Winner
SPY
2.07
5Y Beta
PDP
1.16
Winner
SPY
1.00
P/E Ratio
PDP
37.48
Winner
SPY
28.24
Forward P/E
PDP
25.77
Winner
SPY
21.85
5Y Dividends CAGR
Winner
PDP
9.90%
SPY
5.43%
5Y EPS CAGR
PDP
25.20%
Winner
SPY
25.79%
Debt to Equity
PDP
50.55%
Winner
SPY
22.35%
P/S Ratio
Winner
PDP
2.42
SPY
3.55
P/B Ratio
PDP
7.69
Winner
SPY
5.29
PDP vs SPY - Holdings Comparison
PDP and SPY have 62 common holdings. Overlap is 16.43%
PDP's top 25 holdings weight is 47.40%. SPY's top 25 holdings weight is 51.32%.
| Rank | PDP | SPY |
|---|---|---|
| #1 | AMPHENOL CORP CLASS A (APH) - 3.12% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | APPLE INC (AAPL) - 2.99% | APPLE INC (AAPL) - 6.48% |
| #3 | COMFORT SYSTEMS USA INC (FIX) - 2.98% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | TARGA RESOURCES CORP (TRGP) - 2.40% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | CARPENTER TECHNOLOGY CORP (CRS) - 2.33% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | ATI INC (ATI) - 2.17% | BROADCOM INC (AVGO) - 3.09% |
| #7 | WESTERN DIGITAL CORP (WDC) - 2.13% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | QUANTA SERVICES INC (PWR) - 2.08% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | HOWMET AEROSPACE INC (HWM) - 2.06% | TESLA INC (TSLA) - 1.73% |
| #10 | W.W. GRAINGER INC (GWW) - 2.06% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | CIENA CORP (CIEN) - 1.99% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | TRANE TECHNOLOGIES PLC CLASS A (TT) - 1.87% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | APPLIED MATERIALS INC (AMAT) - 1.77% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | SEAGATE TECHNOLOGY HOLDINGS PLC (STX) - 1.69% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | JABIL INC (JBL) - 1.60% | WALMART INC (WMT) - 0.91% |
| #16 | COSTCO WHOLESALE CORP (COST) - 1.58% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | EMCOR GROUP INC (EME) - 1.56% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | GE VERNOVA INC (GEV) - 1.55% | VISA INC CLASS A (V) - 0.85% |
| #19 | API GROUP CORP (APG) - 1.46% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | MUELLER INDUSTRIES INC (MLI) - 1.44% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | ALPHABET INC CLASS A (GOOGL) - 1.39% | INTEL CORP (INTC) - 0.65% |
| #22 | MASTEC INC (MTZ) - 1.38% | NETFLIX INC (NFLX) - 0.64% |
| #23 | MICRON TECHNOLOGY INC (MU) - 1.34% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | TENET HEALTHCARE CORP (THC) - 1.24% | CHEVRON CORP (CVX) - 0.58% |
| #25 | LAM RESEARCH CORP (LRCX) - 1.22% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 102 | 505 |
PDP vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
PDP
+7.87%
Winner
SPY
+9.11%
3M
Winner
PDP
+9.50%
SPY
+6.59%
6M
Winner
PDP
+19.07%
SPY
+10.56%
1Y
Winner
PDP
+36.74%
SPY
+32.04%
5Y(CAGR)
PDP
+10.23%
Winner
SPY
+13.35%
10Y(CAGR)
PDP
+13.36%
Winner
SPY
+15.49%
Max(CAGR)
Winner
PDP
+9.96%
SPY
+8.50%
PDP vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | PDP | SPY |
|---|---|---|
| 2026 | +17.60% | +8.27% |
| 2025 | +8.02% | +18.00% |
| 2024 | +28.47% | +25.59% |
| 2023 | +21.82% | +26.72% |
| 2022 | -23.37% | -18.64% |
| 2021 | +9.40% | +30.52% |
| 2020 | +35.79% | +17.28% |
| 2019 | +34.74% | +31.09% |
| 2018 | -6.40% | -5.24% |
| 2017 | +22.97% | +20.78% |
| 2016 | +4.62% | +13.59% |
| 2015 | +1.55% | +1.31% |
| 2014 | +13.29% | +14.56% |
| 2013 | +28.69% | +29.00% |
| 2012 | +17.82% | +14.17% |
| 2011 | +0.33% | +0.85% |
| 2010 | +24.50% | +13.14% |
| 2009 | +24.87% | +22.67% |
| 2008 | -45.65% | -36.25% |
| 2007 | +13.82% | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
PDP vs SPY Drawdown Comparison
The maximum drawdown for PDP was -59.34%, occurring on Mar 9, 2009. Recovery took 1087 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current PDP drawdown is -2.34%.
| Rank | PDP | SPY |
|---|---|---|
| #1 | -59.34% Dec 10, 2007 - Apr 3, 2012 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -34.70% Feb 19, 2020 - Jul 17, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -33.92% Nov 8, 2021 - Jul 12, 2024 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -24.54% Sep 14, 2018 - Jun 10, 2019 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -23.79% Dec 4, 2024 - Sep 19, 2025 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -19.14% Mar 20, 2015 - Feb 9, 2017 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -13.91% Jul 13, 2007 - Oct 9, 2007 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -13.47% Feb 12, 2021 - Aug 5, 2021 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -11.87% Oct 29, 2025 - Jan 13, 2026 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -11.63% Feb 25, 2026 - Apr 10, 2026 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -9.80% May 2, 2012 - Sep 14, 2012 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -9.76% Sep 5, 2014 - Nov 3, 2014 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -9.59% Jul 16, 2024 - Sep 19, 2024 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -9.53% Jan 26, 2018 - May 30, 2018 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -8.91% Sep 2, 2020 - Oct 9, 2020 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between PDP and SPY is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
Dividend Comparison (1999 - 2026)
PDP vs SPY dividend yield comparison.
| Year | PDP | SPY |
|---|---|---|
| 2026 | 0.00% | 0.24% |
| 2025 | 0.17% | 1.07% |
| 2024 | 0.15% | 1.21% |
| 2023 | 0.42% | 1.40% |
| 2022 | 0.45% | 1.65% |
| 2021 | 0.00% | 1.20% |
| 2020 | 0.11% | 1.52% |
| 2019 | 0.25% | 1.75% |
| 2018 | 0.18% | 2.04% |
| 2017 | 0.28% | 1.80% |
| 2016 | 0.81% | 2.03% |
| 2015 | 0.39% | 2.06% |
| 2014 | 0.15% | 1.87% |
| 2013 | 0.28% | 1.81% |
| 2012 | 0.85% | 2.18% |
| 2011 | 0.16% | 2.05% |
| 2010 | 0.24% | 1.80% |
| 2009 | 0.54% | 1.95% |
| 2008 | 0.27% | 3.02% |
| 2007 | 0.09% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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