Invesco Dorsey Wright Momentum ETF
$138.18−0.54 (−0.39%)
- Expense ratio
- 0.62%
- Fund size
- $1.5B
- 1Y return
- +17.8%
- Yield · Last 12 months
- 0.00%
- Holdings
- 101
- Volume · 30D
- 0M sh
- NAV per share
- $137.60
- 52W range
The ETF.net PDP Grade
Score 29 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 5Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.FScore 17Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 56Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 65Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 60Category rank
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
- 101
- 25%
- AAPL
Sectors
- Technology41.9%
- Industrials28.2%
- Health Care9.7%
- Financials6.4%
- Energy5.5%
- Consumer Discr.2.9%
- Materials1.7%
- Cons. Staples1.4%
- Communication1.2%
- Real Estate0.6%
- Utilities0.4%
Geography
- United States94.59%
- Ireland3.37%
- United Kingdom0.92%
- Puerto Rico0.64%
- Cayman Islands0.48%
PDP Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | +19.2% |
| 1 month | +1.3% |
| 3 months | −9.4% |
| 1 year | +17.8% |
| 3 years | +21.9% |
| 5 years | +8.5% |
| 10 years | +12.8% |
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 | +19.2% | |
| 2025 | +8.4% | |
| 2024 | +26.1% | |
| 2023 | +20.9% | |
| 2022 | −24.5% | |
| 2021 | +7.7% | |
| 2020 | +36.6% |
PDP in the news
ETF.net Research hasn’t filed on PDP yet — coverage lands here as it’s written.
PDP Dividends
- 0.00%
No distributions in the last 12 months.
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 22, 2025 | Sep 26, 2025 | $0.11 |
| Jun 23, 2025 | Jun 27, 2025 | $0.04 |
| Mar 24, 2025 | Mar 28, 2025 | $0.05 |
| Dec 23, 2024 | Dec 27, 2024 | $0.13 |
| Mar 18, 2024 | Mar 22, 2024 | $0.03 |
| Dec 18, 2023 | Dec 22, 2023 | $0.10 |
| Sep 18, 2023 | Sep 22, 2023 | $0.03 |
| Jun 20, 2023 | Jun 23, 2023 | $0.11 |
| Mar 20, 2023 | Mar 24, 2023 | $0.13 |
| Dec 19, 2022 | Dec 23, 2022 | $0.24 |
| Sep 19, 2022 | Sep 23, 2022 | $0.08 |
| Jun 22, 2020 | Jun 30, 2020 | $0.02 |
PDP Risk
- 20.0%
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.
- 0.71
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
- The middle half of US Factor Index funds
- Median 0.30%
27 of the 29 US Factor Index funds charge less.