Invesco Dorsey Wright Consumer Cyclicals Momentum ETF
$92.98−1.15 (−1.22%)
- Expense ratio
- 0.97%
- Fund size
- $24M
- 1Y return
- −6.4%
- Yield · Last 12 months
- 0.41%
- Holdings
- 34
- Volume · 30D
- 0M sh
- NAV per share
- $94.07
- 52W range
The ETF.net PEZ Grade
Score 22 of 100 sits in the F 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 0Category 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.DScore 38Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 21Category 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.DScore 29Category rank
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%
- AMZN
Sectors
- Consumer Discr.65.4%
- Communication12.9%
- Industrials9.5%
- Cons. Staples5.1%
- Health Care3.7%
- Real Estate2.9%
- Financials0.6%
Geography
- United States98.16%
- Bahamas1.84%
PEZ 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 | PEZ |
|---|---|
| Year to date | −9.1% |
| 1 month | −4.7% |
| 3 months | −8.1% |
| 1 year | −6.4% |
| 3 years | +13.7% |
| 5 years | +1.0% |
| 10 years | +8.6% |
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 | −9.1% | |
| 2025 | +5.4% | |
| 2024 | +20.1% | |
| 2023 | +29.5% | |
| 2022 | −29.6% | |
| 2021 | +20.4% | |
| 2020 | +39.0% |
PEZ in the news
ETF.net Research hasn’t filed on PEZ yet — coverage lands here as it’s written.
PEZ Dividends
- 0.41%
- $0.38
- $0.13 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 25, 2026 | $0.13 |
| Jun 22, 2026 | Jun 26, 2026 | $0.15 |
| Mar 23, 2026 | Mar 27, 2026 | $0.10 |
| Jun 23, 2025 | Jun 27, 2025 | $0.12 |
| Mar 18, 2024 | Mar 22, 2024 | $0.12 |
| Dec 18, 2023 | Dec 22, 2023 | $0.03 |
| Sep 18, 2023 | Sep 22, 2023 | $0.09 |
| Jun 20, 2023 | Jun 23, 2023 | $0.14 |
| Mar 20, 2023 | Mar 24, 2023 | $0.23 |
| Dec 19, 2022 | Dec 23, 2022 | $0.11 |
| Sep 19, 2022 | Sep 23, 2022 | $0.14 |
| Jun 21, 2022 | Jun 30, 2022 | $0.01 |
PEZ Risk
- 24.0%
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.
- 0.38
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
- The middle half of Consumer Discretionary (Broad) funds
- Median 0.35%
Every other Consumer Discretionary (Broad) fund charges less.