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Launched · SEC filings

Invesco Dorsey Wright Momentum ETF

PDPNasdaqInvescoD

$130.34−2.65 (−1.99%)

At close: Nov 2, 2026, 4:00 PM ET

D29/ 100

Rank 26 of 30 in US Factor Index

D29/100Rank 26 of 30inUS Factor Index
Intraday session: down, 79 prints from 132.99 to 130.34. Range 130.32 to 133.43. Use the arrow keys to read each point.131.00131.50132.00132.50133.5010 AM12 PM2 PM4 PM
Expense ratio
0.62%
Fund size
$1.4B
1Y total return
+9.4%
Yield · Last 12 months
0.00%
Holdings
102
Avg volume · 30D
22.1K sh
52W range
low $106.53high $153.23
Launched
Filings
SEC EDGAR

The ETF.net PDP Grade

Based on 5 of 6 pillars

D

Score 29 out of 100

Category
US Factor Index⁠
Rank
26 of 30
Six-pillar profile for PDP. Scores out of 100: Cost 5, Risk 15, Mission not scored, Tradability 56, Holdings 71, Durability 58. Strongest: Holdings (71). Weakest: Cost (5). Based on 5 of 6 pillars.

Score 29 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F5 out of 100
    Rank 28 of 30

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F15 out of 100
    Rank 28 of 30

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B56 out of 100
    Rank 13 of 30

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A71 out of 100
    Rank 9 of 30

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B58 out of 100
    Rank 13 of 30

Our read on PDP

ETF.net Research

In short

DA momentum fund with a chart-reader's pedigree. PDP has followed Dorsey Wright's Technical Leaders Index since 2007, holding roughly 100 US stocks picked for relative strength rather than a textbook factor formula.

Stated mandate

The issuer describes the fund as based on the Dorsey Wright® Technical Leaders Index.

Why people hold it

  • Live since 2007, so its record runs through multiple market cycles instead of a backtest.
  • The index screens on Dorsey Wright's relative-strength work, so names earn their spot by price leadership, not by cheapness or size.invesco.com
  • Concentrated on purpose: about 100 US stocks, so leaders actually move the fund instead of getting diluted across the whole market.
  • A multi-billion-dollar fund from Invesco, one of the larger ETF shops in the US.

Worth knowing

  • At 0.62% a year, it costs more than the typical plain index tracker. That is the toll for a rules set that actively reshuffles toward leadership.
  • Trades lighter than the index heavyweights in its group, so spreads can run wider, particularly at the open and close.
  • A concentrated momentum sleeve behaves nothing like a total-market fund such as VT, and distributions land only once or twice a year.

PDP Holdings

Holdings pillarA71 out of 100Rank 9 of 30 in US Factor Index
Asset class
Stocks
Holdings
102
Top-10 weight
24%
Largest holding
AAPL3.2%

Sectors

  • Technology44.2%
  • Industrials26.9%
  • Health Care9.9%
  • Financials6.0%
  • Energy5.1%
  • Consumer Discretionary2.7%
  • Materials1.6%
  • Consumer Staples1.3%
  • Communication1.2%
  • Real Estate0.6%
  • Utilities0.4%

Geography

  • United States98.15%
  • United Kingdom1.04%
  • Switzerland0.82%
The fund’s holdings, weight-ordered — page 1 of 7.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1AAPLApple Inc3.20%132,370$46.2M723
2APHAmphenol Corp3.00%528,314$43.4M460
3TRGPTarga Resources Corp2.91%134,637$42.1M355
4LITELumentum Holdings Inc2.58%40,589$37.3M408
5GWWWW Grainger Inc2.25%23,722$32.5M328
6SNDKSandisk Corp2.19%23,818$31.7M471
7MUMicron Technology Inc2.15%33,219$31M686
8GHGuardant Health Inc1.88%146,489$27.1M183
9NTRANatera Inc1.72%56,866$24.8M239
10TTTrane Technologies PLC1.67%55,948$24.1M363
11THCTenet Healthcare Corp1.66%88,574$24M228
12URIUnited Rentals Inc1.60%19,268$23.1M347
13ANETArista Networks Inc1.59%124,617$23M511
14HOODRobinhood Markets Inc1.56%245,825$22.5M341
15RVMDRevolution Medicines Inc1.32%100,438$19.1M179

Showing 1–15 of 102 holdings

PDP Performance

Launched Mar 1, 2007

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

PDP$10,936
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. PDP $10,936. SPY $11,199. Use the arrow keys to read each point.$9,000$10,000$11,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for PDP. Periods over one year show the average yearly return.
PeriodPDP
Year to date+14.3%
1 month−3.5%
3 months−0.4%
1 year+9.4%
3 yearsper year+22.0%
5 yearsper year+6.6%
10 yearsper year+12.7%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for PDP
YearReturn barPDP
2026 YTD+14.3%
2025+8.4%
2024+26.1%
2023+20.9%
2022−24.5%

PDP in the news

PDP Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
0.00%Last 12 months
Payout per share
NoneLast 12 months

No distributions in the last 12 months.

Distribution history

Payments through 2025

One bar per payment. 24 payments from 2016 to 2025. Jun 17, 2016 $0.10; Sep 16, 2016 $0.04; Dec 16, 2016 $0.19; Jun 16, 2017 $0.06; Sep 18, 2017 $0.09; Jun 18, 2018 $0.04; Sep 24, 2018 $0.007; Dec 24, 2018 $0.04; Jun 24, 2019 $0.05; Sep 23, 2019 $0.07; Dec 23, 2019 $0.05; Mar 23, 2020 $0.07; Jun 22, 2020 $0.02; Sep 19, 2022 $0.08; Dec 19, 2022 $0.24; Mar 20, 2023 $0.13; Jun 20, 2023 $0.11; Sep 18, 2023 $0.03; Dec 18, 2023 $0.10; Mar 18, 2024 $0.03; Dec 23, 2024 $0.13; Mar 24, 2025 $0.05; Jun 23, 2025 $0.04; Sep 22, 2025 $0.11. Use the arrow keys to read each point.2016201720182019202020212022202320242025
Ex-datePay dateAmount per share
Sep 22, 2025Sep 26, 2025$0.11
Jun 23, 2025Jun 27, 2025$0.04
Mar 24, 2025Mar 28, 2025$0.05
Dec 23, 2024Dec 27, 2024$0.13
Mar 18, 2024Mar 22, 2024$0.03
Dec 18, 2023Dec 22, 2023$0.10
Sep 18, 2023Sep 22, 2023$0.03
Jun 20, 2023Jun 23, 2023$0.11
Mar 20, 2023Mar 24, 2023$0.13
Dec 19, 2022Dec 23, 2022$0.24
Sep 19, 2022Sep 23, 2022$0.08
Jun 22, 2020Jun 30, 2020$0.02

See all 43 payments⁠

$10,000 in PDP 10 years ago paid $427 in dividends.⁠

PDP Risk

Risk pillarF15 out of 100Rank 28 of 30 in US Factor Index
How much the fund’s monthly returns vary, scaled to a year.
19.5%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.89
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−33.9%
Trough Sep 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.17
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

PDP Cost

Compare PDP and MGV

Overpaying vs MGV, cheapest in US Factor Index

$11,119

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • PDP 0.62%

    $12,179

  • MGV 0.05% Cheapest

    $1,060

$10,000
30 years

Cost over time

  • PDP 0.62%
  • MGV 0.05%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530PDP $12,179MGV $1,060

Year by year

YearPDPMGVOverpaying
10$1,111$92$1,019
20$4,246$360$3,886
30$12,179$1,060$11,119

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