Invesco Dorsey Wright Developed Markets Momentum ETF
$51.14+0.35 (+0.69%)
- 0.80%
- $629M
- +10.2%
- 1.84%
- 0.1M sh
- $50.95
- low $45.74high $59.47
The ETF.net PIZ Grade
C
Score 45 out of 100
- 32 of 57
Score 45 of 100 falls in the C 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.D28 out of 100Rank 40 of 57Mission
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.D26 out of 100Rank 49 of 57Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A78 out of 100Rank 5 of 57Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B59 out of 100Rank 25 of 53Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A83 out of 100Rank 6 of 57
Our read on PIZ
CMomentum with a passport. PIZ ranks non-US developed-market stocks on relative strength and rebuilds around 100 winners each quarter. Same rulebook since 2007, one of the longest-running international momentum sleeves.
The Fund seeks developed-market equity exposure through the Dorsey Wright® Developed Markets Tech Leaders Index and generally invests at least 90% of assets in securities from developed economies.
Why people hold it
- The screen is the whole product: roughly 100 developed-market large caps picked for relative strength, then rebalanced and reconstituted every quarter.indexes.nasdaq.cominvesco.com
- Genuinely ex-US by construction. The index leaves out US companies listed on US exchanges, so it doesn't quietly re-buy the megacaps most portfolios already hold.invesco.com
- Trading since December 2007 on a published rulebook, with at least 90% of assets in developed-economy securities plus ADRs and GDRs, and distributions paid quarterly.invesco.com
Worth knowing
- At 0.80% a year it sits well above the typical fund in its international-equity group, where core builds like DFIC (0.22%) and AVDE (0.23%) anchor the cheap end.
- About 100 names reshuffled four times a year means real turnover and whatever country and sector tilts the screen throws up. It can look nothing like a broad index.invesco.com
- Relative strength buys what has already moved, and the roster resets only at quarter-end, so abrupt shifts in market leadership are the trade-off baked into the method.indexes.nasdaq.cominvesco.com
PIZ Holdings
- Stocks
- 109
- 25%
- BDRBF
Sectors
- Financials46.0%
- Industrials27.4%
- Technology16.2%
- Consumer Discretionary3.7%
- Materials3.0%
- Utilities1.6%
- Energy1.5%
- Consumer Staples0.5%
Geography
- Japan14.25%
- Canada13.27%
- United Kingdom11.75%
- Italy8.20%
- Greece6.81%
- Sweden6.63%
- Ireland3.32%
- Spain3.10%
- 32.67%
Developed 85% · Emerging 15%
PIZ Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
PIZ$11,022
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 | PIZ |
|---|---|
| Year to date | +5.1% |
| 1 month | −5.7% |
| 3 months | −5.7% |
| 1 year | +10.2% |
| 3 years | +23.1% |
| 5 years | +8.6% |
| 10 years | +10.0% |
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 | PIZ |
|---|---|---|
| 2026 YTD | +5.1% | |
| 2025 | +37.2% | |
| 2024 | +16.3% | |
| 2023 | +18.0% | |
| 2022 | −30.5% | |
| 2021 | +20.5% | |
| 2020 | +18.0% |
PIZ in the news
PIZ Dividends
- 1.84%
- $0.93
- $0.13 per share
- Quarterly
Distribution history
PIZ Risk
- 16.8%
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.
- 1.15
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.
- −40.0%
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.
- 1.14
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PIZ Cost
0.80%
PIZ0.80%
- The middle half of International Active Equity funds
- Median 0.59%
38 of the 55 International Active Equity funds charge less.
Other funds in International Active Equity
- CNBIENeuberger Berman ETF Trust - International Core Equity ETFExpense ratio 0.87%1 year return —
- CTINSTempleton International Insights ETFExpense ratio 0.55%1 year return —
- CABLGAbacus FCF International Leaders ETFExpense ratio 0.54%1 year return +2.0%
- CFRGNHorizon International Equity ETFExpense ratio 0.75%1 year return —
- CFINTThe Advisors' Inner Circle Fund II - Frontier Asset Total International Equity ETFExpense ratio 0.87%1 year return +22.6%