# PDP alternatives: 8 similar ETFs compared

> ETFs similar to PDP, closest first, with each fund's fee, what it tracks, and returns and worst drops on the same dates as PDP. Updated daily.

The ETFs most like PDP are MTUM, QMOM and SPYG. MTUM and QMOM hold US stocks whose prices have risen the most lately, picked again on a schedule, like PDP. MTUM costs less: 0.15% a year against 0.62%.

Written by [the Tactfolio research team](https://tactfolio.com/about/editorial-policy). Fund facts checked October 17, 2026. Prices through October 16, 2026.

## Key points

- 8 funds can stand in for PDP: 2 of the same kind and 6 related funds.
- PDP charges 0.62% a year (about $62 on $10,000). The cheapest alternative here, VUG, charges 0.03%.
- MTUM moved most like PDP: a daily correlation of 0.91 over about the last five years.
- Returns and drops for each pair use the same dates for both funds.

## PDP alternatives at a glance

Each fund below can stand in for PDP, closest first. "Same kind" funds hold the same kind of stocks through a different index. "Related" funds make a different bet that often moves the same way.

| ETF | How close | Yearly fee | Fee on $10,000 | Tracks |
| --- | --- | --- | --- | --- |
| **PDP** | This fund | 0.62% | $62 | Dorsey Wright Technical Leaders Index |
| [MTUM](https://tactfolio.com/etf/mtum.md) | Same kind of fund | 0.15% | $15 | MSCI USA Momentum SR Variant Index |
| [QMOM](https://tactfolio.com/etf/qmom.md) | Same kind of fund | 0.28% | $28 | No index |
| [SPYG](https://tactfolio.com/etf/spyg.md) | Related fund | 0.04% | $4 | S&P 500 Growth Index |
| [VONG](https://tactfolio.com/etf/vong.md) | Related fund | 0.06% | $6 | Russell 1000 Growth Index |
| [VOOG](https://tactfolio.com/etf/voog.md) | Related fund | 0.07% | $7 | S&P 500 Growth Index |
| [VUG](https://tactfolio.com/etf/vug.md) | Related fund | 0.03% | $3 | Morningstar US Large Cap Growth Index |
| [SCHG](https://tactfolio.com/etf/schg.md) | Related fund | 0.04% | $4 | Dow Jones U.S. Large-Cap Growth Total Stock Market Index |
| [MGK](https://tactfolio.com/etf/mgk.md) | Related fund | 0.05% | $5 | Morningstar US Mega Cap Growth Index |

Fees come from each fund company, checked on the dates shown on each fund's page.

## How PDP and its alternatives did over the same dates

Each row measures the alternative and PDP on the days both traded, so neither gets a head start. Correlation shows how closely their daily moves matched over about the last five years. A value of 1 means they always moved together.

| ETF | Moves with PDP | Per year | PDP per year | Worst drop | PDP worst drop | Since |
| --- | --- | --- | --- | --- | --- | --- |
| [MTUM](https://tactfolio.com/etf/mtum.md) | 0.91 | 15.2% | 11.9% | −34.1% | −34.7% | April 2013 |
| [QMOM](https://tactfolio.com/etf/qmom.md) | 0.89 | 10.7% | 11.4% | −39.1% | −34.7% | December 2015 |
| [SPYG](https://tactfolio.com/etf/spyg.md) | 0.85 | 13.2% | 9.5% | −51.3% | −59.3% | March 2007 |
| [VONG](https://tactfolio.com/etf/vong.md) | 0.85 | 16.4% | 12.7% | −32.7% | −34.7% | September 2010 |
| [VOOG](https://tactfolio.com/etf/voog.md) | 0.85 | 16.6% | 12.8% | −32.7% | −34.7% | September 2010 |
| [VUG](https://tactfolio.com/etf/vug.md) | 0.83 | 13.1% | 9.5% | −50.7% | −59.3% | March 2007 |
| [SCHG](https://tactfolio.com/etf/schg.md) | 0.82 | 16.1% | 12.7% | −34.6% | −34.7% | January 2010 |
| [MGK](https://tactfolio.com/etf/mgk.md) | 0.81 | 13.5% | 9.1% | −48.0% | −58.8% | December 2007 |

Prices through October 16, 2026. Figures use daily closing prices adjusted for splits, with dividends reinvested. They do not include taxes or the cost of buying and selling. Past results do not tell you what will happen next.

## Each PDP alternative, compared

### MTUM: iShares MSCI USA Momentum Factor ETF

MTUM also holds US stocks whose prices have risen the most lately, picked again on a schedule. It tracks the MSCI USA Momentum SR Variant Index, while PDP tracks the Dorsey Wright Technical Leaders Index.

It charges 0.15% a year, about $15 on $10,000, against $62 for PDP.

From April 2013 to October 2026, MTUM returned about 15.2% a year and PDP returned about 11.9% a year. Over about the last five years they moved together on most days (correlation 0.91).

Read the [MTUM fund page](https://tactfolio.com/etf/mtum.md) for its returns by year and worst drop.

### QMOM: Alpha Architect U.S. Quantitative Momentum ETF

QMOM also holds US stocks whose prices have risen the most lately, picked again on a schedule. It tracks no index (its managers pick what it holds), while PDP tracks the Dorsey Wright Technical Leaders Index.

It charges 0.28% a year, about $28 on $10,000, against $62 for PDP.

From December 2015 to October 2026, QMOM returned about 10.7% a year and PDP returned about 11.4% a year. Over about the last five years they moved together on most days (correlation 0.89).

Read the [QMOM fund page](https://tactfolio.com/etf/qmom.md) for its returns by year and worst drop.

### SPYG: State Street SPDR Portfolio S&P 500 Growth ETF

SPYG is a looser match. It holds large US companies whose sales and profits are growing fast, while PDP holds US stocks whose prices have risen the most lately, picked again on a schedule.

It charges 0.04% a year, about $4 on $10,000, against $62 for PDP.

From March 2007 to October 2026, SPYG returned about 13.2% a year and PDP returned about 9.5% a year. Over about the last five years they moved together on most days (correlation 0.85).

Read the [SPYG fund page](https://tactfolio.com/etf/spyg.md) for its returns by year and worst drop.

### VONG: Vanguard Russell 1000 Growth ETF

VONG is a looser match. It holds large US companies whose sales and profits are growing fast, while PDP holds US stocks whose prices have risen the most lately, picked again on a schedule.

It charges 0.06% a year, about $6 on $10,000, against $62 for PDP.

From September 2010 to October 2026, VONG returned about 16.4% a year and PDP returned about 12.7% a year. Over about the last five years they moved together on most days (correlation 0.85).

Read the [VONG fund page](https://tactfolio.com/etf/vong.md) for its returns by year and worst drop.

### VOOG: Vanguard S&P 500 Growth ETF

VOOG is a looser match. It holds large US companies whose sales and profits are growing fast, while PDP holds US stocks whose prices have risen the most lately, picked again on a schedule.

It charges 0.07% a year, about $7 on $10,000, against $62 for PDP.

From September 2010 to October 2026, VOOG returned about 16.6% a year and PDP returned about 12.8% a year. Over about the last five years they moved together on most days (correlation 0.85).

Read the [VOOG fund page](https://tactfolio.com/etf/voog.md) for its returns by year and worst drop.

### VUG: Vanguard Morningstar Growth ETF

VUG is a looser match. It holds large US companies whose sales and profits are growing fast, while PDP holds US stocks whose prices have risen the most lately, picked again on a schedule.

It charges 0.03% a year, about $3 on $10,000, against $62 for PDP.

From March 2007 to October 2026, VUG returned about 13.1% a year and PDP returned about 9.5% a year. Over about the last five years they often moved together, but not always (correlation 0.83).

Read the [VUG fund page](https://tactfolio.com/etf/vug.md) for its returns by year and worst drop.

### SCHG: Schwab U.S. Large-Cap Growth ETF

SCHG is a looser match. It holds large US companies whose sales and profits are growing fast, while PDP holds US stocks whose prices have risen the most lately, picked again on a schedule.

It charges 0.04% a year, about $4 on $10,000, against $62 for PDP.

From January 2010 to October 2026, SCHG returned about 16.1% a year and PDP returned about 12.7% a year. Over about the last five years they often moved together, but not always (correlation 0.82).

Read the [SCHG fund page](https://tactfolio.com/etf/schg.md) for its returns by year and worst drop.

### MGK: Vanguard Morningstar Mega Cap Growth ETF

MGK is a looser match. It holds large US companies whose sales and profits are growing fast, while PDP holds US stocks whose prices have risen the most lately, picked again on a schedule.

It charges 0.05% a year, about $5 on $10,000, against $62 for PDP.

From December 2007 to October 2026, MGK returned about 13.5% a year and PDP returned about 9.1% a year. Over about the last five years they often moved together, but not always (correlation 0.81).

Read the [MGK fund page](https://tactfolio.com/etf/mgk.md) for its returns by year and worst drop.

## PDP versions from other fund companies

Some people keep all their funds with one company. Here is the closest fund to PDP from each other company on this page:

- **iShares (BlackRock):** [MTUM](https://tactfolio.com/etf/mtum.md), iShares MSCI USA Momentum Factor ETF (same kind of fund, 0.15% a year)
- **Alpha Architect:** [QMOM](https://tactfolio.com/etf/qmom.md), Alpha Architect U.S. Quantitative Momentum ETF (same kind of fund, 0.28% a year)
- **SPDR (State Street):** [SPYG](https://tactfolio.com/etf/spyg.md), State Street SPDR Portfolio S&P 500 Growth ETF (related fund, 0.04% a year)
- **Vanguard:** [VONG](https://tactfolio.com/etf/vong.md), Vanguard Russell 1000 Growth ETF (related fund, 0.06% a year)
- **Schwab:** [SCHG](https://tactfolio.com/etf/schg.md), Schwab U.S. Large-Cap Growth ETF (related fund, 0.04% a year)

Most brokers let you buy any ETF, whoever runs it. Mutual fund versions, such as a fund company's index mutual fund, are not listed here.

## How to choose between PDP and its alternatives

- **What it tracks.** A fund on the same index holds the same stocks. A different index can mean different weights, more or fewer holdings, or a different mix.
- **The fee.** The difference is often small. On $10,000, PDP costs about $62 a year. VUG costs about $3.
- **History.** An older fund has been through more bad markets, so you can see how far it fell.
- **What you already own.** Two funds that move together add little variety. A fund with a low correlation behaves more on its own.

## Swapping PDP to harvest a tax loss

Some investors sell a fund at a loss to lower their taxes, then buy a similar fund so they stay invested. This is called tax-loss harvesting.

The IRS wash sale rule blocks the loss if you buy a "substantially identical" security within 30 days before or after the sale. The IRS has not said exactly when two funds count. Funds on the same index are more likely to. Funds on a different index, such as MTUM, QMOM or SPYG, are less likely to.

Ask a tax professional before you rely on this. Read the IRS rules in [Publication 550](https://www.irs.gov/publications/p550).

## Test PDP and its alternatives in a backtest

Tactfolio is a platform where you build rules-based investing strategies, backtest them on decades of real prices, share them, and run them automatically in your own Alpaca account. Open the [builder](https://tactfolio.com/builder), add PDP and MTUM, and see how each would have done on the same dates, or how a mix of both would have done.

## The details

Alternatives are picked from facts, not from returns. First come funds that track the same index as PDP. Then come funds that hold the same kind of stocks through another index. Last come funds from a close category that make a different bet. Leveraged funds are only listed as alternatives to other leveraged funds.

Within each group, the funds whose daily returns moved most like PDP over about the last five years come first. Returns and worst drops use Tactfolio's stored daily prices, adjusted for splits, with dividends reinvested. Each alternative is measured with PDP only on days both traded. Read [what a backtest simulates](https://tactfolio.com/docs/backtests.md) for more on these measures.

## Research and test it

- [S&P 500 index](https://tactfolio.com/learn/sp500-index): The S&P 500 tracks about 500 large US companies. Learn how stocks get in, how the index is weighted, how to invest in it, and how far it has fallen before.
- [What is an ETF](https://tactfolio.com/learn/what-is-an-etf): An ETF is a fund that trades like a stock. Learn how ETFs work, what they cost, the main types, and the risks, with SEC sources.
- [ETF screener](https://tactfolio.com/screener.md): A free ETF screener for 162 US-listed funds. Filter by type, issuer and fee, sort by returns or worst drop, and compare funds side by side.
- [ETF expense ratio](https://tactfolio.com/learn/etf-expense-ratio): What an ETF expense ratio is, how the fund charges it, and how 0.03% vs 1% adds up over 10 and 30 years, with real fund examples.
- [Backtest a portfolio](https://tactfolio.com/trading-tools/backtest-portfolio): Backtest a portfolio of US stocks and ETFs. Enter tickers and shares, pick when to rebalance, and get the results with a link to share.
- [Backtesting](https://tactfolio.com/backtesting): Free backtesting software for stocks, ETFs, and crypto perps.

## Common questions

### What ETF is most similar to PDP?

MTUM is the closest. MTUM also holds US stocks whose prices have risen the most lately, picked again on a schedule. It tracks the MSCI USA Momentum SR Variant Index, while PDP tracks the Dorsey Wright Technical Leaders Index. Over about the last five years they moved together on most days.

### Is there a cheaper alternative to PDP?

Yes. VUG charges 0.03% a year, SPYG charges 0.04% a year and SCHG charges 0.04% a year, against 0.62% for PDP. On $10,000 that is about $3 a year instead of $62.

### Is PDP or MTUM better?

Neither is better for everyone. From April 2013 to October 2026, PDP returned about 11.9% a year and MTUM returned about 15.2% a year. PDP charges 0.62% a year and MTUM charges 0.15%. Past returns do not tell you what comes next.

### What if I had put $10,000 in PDP 10 years ago?

It would have grown to about $33,084 by October 16, 2026, with dividends reinvested. That is about 12.7% a year. Past returns do not tell you what comes next.

## Sources

- [Invesco: Invesco Dorsey Wright Momentum ETF fund page](https://www.sec.gov/Archives/edgar/data/1209466/000119312526372133/d177078d497k.htm)
- [iShares (BlackRock): iShares MSCI USA Momentum Factor ETF fund page](https://www.ishares.com/us/products/251614/ishares-msci-usa-momentum-factor-etf)
- [Alpha Architect: Alpha Architect U.S. Quantitative Momentum ETF fund page](https://funds.alphaarchitect.com/qmom/)
- [SPDR (State Street): State Street SPDR Portfolio S&P 500 Growth ETF fund page](https://www.ssga.com/us/en/intermediary/etfs/state-street-spdr-portfolio-sp-500-growth-etf-spyg)
- [Vanguard: Vanguard Russell 1000 Growth ETF fund page](https://investor.vanguard.com/investment-products/etfs/profile/vong)
- [Vanguard: Vanguard S&P 500 Growth ETF fund page](https://investor.vanguard.com/investment-products/etfs/profile/voog)
- [Vanguard: Vanguard Morningstar Growth ETF fund page](https://investor.vanguard.com/investment-products/etfs/profile/vug)
- [Schwab: Schwab U.S. Large-Cap Growth ETF fund page](https://www.sec.gov/Archives/edgar/data/1454889/000110465926020693/tm266454-3_497k.htm)
- [Vanguard: Vanguard Morningstar Mega Cap Growth ETF fund page](https://investor.vanguard.com/investment-products/etfs/profile/mgk)
- [IRS Publication 550: wash sales](https://www.irs.gov/publications/p550)

> Not financial advice. Tactfolio is a research and automation tool. It is not a broker or a financial adviser. This page is for education only. Backtests are hypothetical. They show how rules would have done on past prices, not how they will do. All investing involves risk, including losing the money you put in.