Invesco Dorsey Wright Financial Momentum ETF
$58.85−0.26 (−0.44%)
- Expense ratio
- 0.78%
- Fund size
- $61M
- 1Y return
- +2.3%
- Yield · Last 12 months
- 1.20%
- Holdings
- 38
- Volume · 30D
- 0M sh
- NAV per share
- $59.94
- 52W range
The ETF.net PFI Grade
Score 31 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 12Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.CScore 50Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.FScore 22Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 24Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 73Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 33Category rank
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
- 38
- 37%
- JPM
Sectors
- Financials84.9%
- Real Estate15.1%
Geography
- United States94.71%
- Puerto Rico5.29%
PFI 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 | PFI |
|---|---|
| Year to date | +3.4% |
| 1 month | −4.9% |
| 3 months | −2.8% |
| 1 year | +2.3% |
| 3 years | +14.6% |
| 5 years | +4.2% |
| 10 years | +8.4% |
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 | +3.4% | |
| 2025 | +2.0% | |
| 2024 | +30.6% | |
| 2023 | +12.6% | |
| 2022 | −24.1% | |
| 2021 | +28.7% | |
| 2020 | +13.9% |
PFI in the news
ETF.net Research hasn’t filed on PFI yet — coverage lands here as it’s written.
PFI Dividends
- 1.20%
- $0.71
- $0.16 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 25, 2026 | $0.16 |
| Jun 22, 2026 | Jun 26, 2026 | $0.26 |
| Mar 23, 2026 | Mar 27, 2026 | $0.16 |
| Dec 22, 2025 | Dec 26, 2025 | $0.13 |
| Sep 22, 2025 | Sep 26, 2025 | $0.06 |
| Jun 23, 2025 | Jun 27, 2025 | $0.06 |
| Mar 24, 2025 | Mar 28, 2025 | $0.14 |
| Dec 23, 2024 | Dec 27, 2024 | $0.84 |
| Sep 23, 2024 | Sep 27, 2024 | $0.15 |
| Jun 24, 2024 | Jun 28, 2024 | $0.45 |
| Mar 18, 2024 | Mar 22, 2024 | $0.14 |
| Dec 18, 2023 | Dec 22, 2023 | $0.33 |
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.
- 0.62
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.
- 1.01
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
- The middle half of Financials (Broad) funds
- Median 0.37%
15 of the 18 Financials (Broad) funds charge less.