Invesco Dorsey Wright Momentum ETF
$139.07−0.38 (−0.27%)
- 0.62%
- $1.5B
- +20.0%
- 0.00%
- 0M sh
- $140.71
- low $106.53high $153.23
The ETF.net PDP Grade
D
Score 28 out of 100
- 27 of 30
Score 28 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 100Rank 28 of 30Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F15 out of 100Rank 30 of 30Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C50 out of 100Rank 15 of 30Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B68 out of 100Rank 10 of 30Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B58 out of 100Rank 14 of 30
Our read on PDP
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.
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
- Stocks
- 102
- 24%
- APH
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 States93.72%
- Ireland3.86%
- United Kingdom0.94%
- Switzerland0.78%
- Puerto Rico0.69%
PDP Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
PDP$11,999
Returns run to the Oct 12, 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.
| Period | PDP |
|---|---|
| Year to date | +19.8% |
| 1 month | +2.5% |
| 3 months | −2.2% |
| 1 year | +20.0% |
| 3 years | +21.6% |
| 5 years | +9.5% |
| 10 years | +13.2% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | PDP |
|---|---|---|
| 2026 YTD | +19.8% | |
| 2025 | +8.4% | |
| 2024 | +26.1% | |
| 2023 | +20.9% | |
| 2022 | −24.5% | |
| 2021 | +7.7% | |
| 2020 | +36.6% |
PDP in the news
PDP Dividends
- 0.00%
No distributions in the last 12 months.
Distribution history
PDP Risk
- 19.6%
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.
- 0.87
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.
- −33.9%
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.
- 1.17
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PDP Cost
0.62%
PDP0.62%
- The middle half of US Factor Index funds
- Median 0.30%
28 of the 30 US Factor Index funds charge less.
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- DPKWInvesco BuyBack Achievers ETFExpense ratio 0.63%1 year return +15.6%
- DQFHDPacer S&P 500 Quality FCF High Dividend ETFExpense ratio 0.49%1 year return —
- DALTLPacer Lunt Large Cap Alternator ETFExpense ratio 0.60%1 year return +5.3%