Invesco Dorsey Wright Consumer Cyclicals Momentum ETF
$96.16+0.88 (+0.92%)
- 0.97%
- $21M
- +0.4%
- 0.40%
- 0M sh
- $95.17
- low $90.81high $110.43
The ETF.net PEZ Grade
F
Score 23 out of 100
- 15 of 15
Score 23 of 100 falls in the F 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.F0 out of 100Rank 15 of 15Mission
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.D36 out of 100Rank 13 of 15Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D26 out of 100Rank 13 of 15Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B65 out of 100Rank 6 of 15Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D29 out of 100Rank 12 of 15
Our read on PEZ
FPEZ doesn't buy the consumer discretionary sector. It buys the roughly 30 names inside it showing the strongest relative strength, reshuffling as leadership shifts. A momentum rotation strategy in sector clothing, running since 2006.
The fund tracks an index designed to identify companies exhibiting relative strength, or momentum, within the consumer cyclicals segment.
Why people hold it
- The Dorsey Wright screen ranks consumer cyclicals on relative strength and keeps only about 30 leaders, so you own the sector's momentum names rather than simply its biggest ones.invesco.com
- Live since 2006, which means this rules-based momentum process has run through the financial crisis, a long bull market, and a pandemic whipsaw rather than a single backtest.
- Concentration is the design. With roughly 30 holdings, a winner actually registers, unlike cap-weighted sector funds where a couple of megacaps set the tone.
Worth knowing
- 0.78% a year is the toll for the momentum screen. Plain cap-weighted funds covering the same corner of the market (XLY, FDIS, VCR) charge a small fraction of that.
- Small and thinly traded next to the household-name sector ETFs, so spreads tend to be wider and sizable orders can push the price around.
- Momentum rebalancing means the lineup can look very different year to year, and distributions arrive once or twice a year rather than quarterly or monthly.
PEZ Holdings
- Stocks
- 34
- 41%
- CAH
Sectors
- Consumer Discretionary66.0%
- Communication12.8%
- Industrials10.0%
- Consumer Staples5.0%
- Health Care3.4%
- Real Estate2.9%
Geography
- United States96.26%
- Switzerland3.74%
PEZ Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
PEZ$10,038
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 | PEZ |
|---|---|
| Year to date | −8.0% |
| 1 month | +0.1% |
| 3 months | −5.4% |
| 1 year | +0.4% |
| 3 years | +15.5% |
| 5 years | +2.2% |
| 10 years | +9.1% |
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 | PEZ |
|---|---|---|
| 2026 YTD | −8.0% | |
| 2025 | +5.4% | |
| 2024 | +20.1% | |
| 2023 | +29.5% | |
| 2022 | −29.6% | |
| 2021 | +20.4% | |
| 2020 | +39.0% |
PEZ in the news
PEZ Dividends
- 0.40%
- $0.38
- $0.13 per share
- Quarterly
Distribution history
PEZ Risk
- 23.5%
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.
- 0.45
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.
- −41.7%
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.
- 1.49
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PEZ Cost
0.97%
PEZ0.97%
- The middle half of Consumer Discretionary (Broad) funds
- Median 0.35%
Every other Consumer Discretionary (Broad) fund charges less.
Other funds in Consumer Discretionary (Broad)
- CIYCiShares U.S. Consumer Discretionary ETFExpense ratio 0.37%1 year return −2.5%
- CRSPDInvesco S&P 500 Equal Weight Consumer Discretionary ETFExpense ratio 0.40%1 year return −3.2%
- CRXIiShares Global Consumer Discretionary ETFExpense ratio 0.37%1 year return −4.0%
- DFXDFirst Trust Consumer Discretionary AlphaDEX FundExpense ratio 0.60%1 year return +1.8%
- DITBiShares U.S. Home Construction ETFExpense ratio 0.37%1 year return −14.7%