Invesco Dorsey Wright Financial Momentum ETF
$57.39−0.44 (−0.76%)
- 0.78%
- $49M
- +6.9%
- 1.23%
- 0M sh
- $57.76
- low $51.57high $64.46
The ETF.net PFI Grade
D
Score 31 out of 100
- 16 of 18
Score 31 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.F12 out of 100Rank 16 of 18Mission
Whether the fund did what it promised, tested against its stated mandate.C50 out of 100Rank 10 of 10Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F19 out of 100Rank 16 of 18Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D25 out of 100Rank 17 of 18Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A71 out of 100Rank 6 of 18Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D32 out of 100Rank 15 of 18
Our read on PFI
DMost financials ETFs own the sector by size. PFI ranks financial stocks on price strength, keeps roughly 40 of the leaders, and rebuilds the list every quarter. Same sector, different passenger list.
The fund is based on the Dorsey Wright Financials Technical Leaders Index, which is designed to identify companies demonstrating relative strength, or momentum.
Why people hold it
- Rules-based momentum: the Dorsey Wright Financials Technical Leaders Index scores stocks on intermediate and long-term price strength, then reconstitutes quarterly.indexes.nasdaqomx.com
- Weights follow momentum score, not market cap, so the largest banks don't automatically run the portfolio the way they do in a cap-weighted sector fund.indexes.nasdaqomx.comindexes.nasdaqomx.com
- Trading since 2006, a long live record for a momentum-screened sector strategy, spanning the financial crisis and everything after.
Worth knowing
- At 0.73%, the fee sits well above the financials-sector median near 0.44% and many times what XLF, VFH and FNCL charge. The screen has to earn that gap.
- Thinly traded with a modest asset base. Spreads can be wider than at the sector giants, so limit orders matter more here.
- Concentrated in roughly 40 names and reshuffled quarterly, so it can look very different from the broad sector when leadership flips.indexes.nasdaqomx.com
PFI Holdings
- Stocks
- 47
- 39%
- JPM
Sectors
- Financials84.6%
- Real Estate15.4%
Geography
- United States93.94%
- Puerto Rico4.91%
- Bermuda1.15%
PFI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
PFI$10,688
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 | PFI |
|---|---|
| Year to date | +1.2% |
| 1 month | −6.2% |
| 3 months | −7.3% |
| 1 year | +6.9% |
| 3 years | +13.7% |
| 5 years | +2.8% |
| 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 | PFI |
|---|---|---|
| 2026 YTD | +1.2% | |
| 2025 | +2.0% | |
| 2024 | +30.6% | |
| 2023 | +12.6% | |
| 2022 | −24.1% | |
| 2021 | +28.7% | |
| 2020 | +13.9% |
PFI in the news
PFI Dividends
- 1.23%
- $0.71
- $0.16 per share
- Quarterly
Distribution history
PFI Risk
- 18.1%
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.
- 0.55
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.
- −35.4%
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.
- 1.03
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PFI Cost
0.78%
PFI0.78%
- The middle half of Financials (Broad) funds
- Median 0.37%
15 of the 18 Financials (Broad) funds charge less.
Other funds in Financials (Broad)
- CIAIiShares U.S. Broker-Dealers & Securities Exchanges ETFExpense ratio 0.37%1 year return +5.5%
- CEUFNiShares MSCI Europe Financials ETFExpense ratio 0.49%1 year return +20.0%
- DTFNST. Rowe Price Financials ETFExpense ratio 0.44%1 year return +10.5%
- FKBWDInvesco KBW High Dividend Yield Financial ETFExpense ratio 5.39%1 year return −8.4%
- FBCFNBaron Financials ETFExpense ratio 0.80%1 year return —