Invesco Dorsey Wright Financial Momentum ETF
The ETF.net PFI Grade
D
Score 34 out of 100
- 16 of 18
Score 34 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.F15 out of 100Rank 15 of 18Mission
Whether the fund did what it promised, tested against its stated mandate.C51 out of 100Rank 10 of 10Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F18 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.C41 out of 100Rank 11 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
In short
DMost financials ETFs own the whole sector and let market cap sort it out. PFI runs a momentum screen instead: Dorsey Wright relative-strength rules pick a few dozen financial stocks and reshuffle them every quarter.
Stated mandate
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
Worth knowing
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$10,321
Returns run to the Oct 30, 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 | +0.8% |
| 1 month | −0.2% |
| 3 months | −7.7% |
| 1 year | +3.2% |
| 3 years | +15.4% |
| 5 years | +1.4% |
| 10 years | +8.7% |
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 | +0.8% | |
| 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
PFI Risk
- 17.8%
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.
- 0.64
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.
FMP measures it over up to five years of monthly returns.
PFI Cost
Overpaying vs XLF, cheapest in Financials (Broad)
$10,128
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
PFI 0.60%
$11,817
XLF 0.08% Cheapest
$1,689
Cost over time
Year by year
| Year | PFI | XLF | Overpaying |
|---|---|---|---|
| 10 | $1,076 | $147 | $929 |
| 20 | $4,116 | $575 | $3,541 |
| 30 | $11,817 | $1,689 | $10,128 |
You pay 0.60%Waived by Invesco 0.18%
Full fee 0.78% waiver 0.18% you pay 0.60%
Other funds in Financials (Broad)
- CEUFNiShares MSCI Europe Financials ETFExpense ratio 0.49%1 year return +16.3%
- CIAIiShares U.S. Broker-Dealers & Securities Exchanges ETFExpense ratio 0.37%1 year return +2.6%
- DTFNST. Rowe Price Financials ETFExpense ratio 0.44%1 year return +11.8%
- FKBWDInvesco KBW High Dividend Yield Financial ETFExpense ratio 5.39%1 year return −10.2%
- FBCFNBaron Financials ETFExpense ratio 0.80%1 year return
