---
ticker: "PIZ"
name: "Invesco Dorsey Wright Developed Markets Momentum ETF"
url: "https://etf.net/etf/PIZ"
grade: "C"
score: 45
graded_at: "2026-10-12"
category: "International Active Equity"
category_rank: "32 of 57"
methodology: "https://etf.net/methodology"
---

# PIZ: Invesco Dorsey Wright Developed Markets Momentum ETF

Grade **C**, Score 45 of 100. Rank 32 of 57 in International Active Equity.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 28 | 40 of 57 |
| Mission | Not scored | — |
| Risk | 26 | 49 of 57 |
| Tradability | 78 | 5 of 57 |
| Holdings | 59 | 25 of 53 |
| Durability | 83 | 6 of 57 |

## Top holdings

The fund holds 109 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | BDRBF | Bombardier Inc | 3.02% |
| 2 | RY | Royal Bank of Canada | 2.85% |
| 3 | RR.L | Rolls-Royce Holdings PLC | 2.74% |
| 4 | INVE-B.ST | Investor AB | 2.53% |
| 5 | BGEO.L | Lion Finance Group PLC | 2.48% |
| 6 | SWED-A.ST | Swedbank AB | 2.43% |
| 7 | ETE.AT | National Bank of Greece SA | 2.33% |
| 8 | 6857.T | Advantest Corp | 2.23% |
| 9 | O39.SI | Oversea-Chinese Banking Corp Ltd | 2.18% |
| 10 | BS6.SI | Yangzijiang Shipbuilding Holdings Ltd | 2.07% |
| 11 | UNI.MI | Unipol Assicurazioni SpA | 2.04% |
| 12 | BPE.MI | BPER Banca SPA | 2.00% |
| 13 | IHG.L | InterContinental Hotels Group PLC | 1.96% |
| 14 | TPEIR.AT | Piraeus Bank SA | 1.83% |
| 15 | BIRG.IR | Bank of Ireland Group PLC | 1.70% |
| 16 | BCP.LS | Banco Comercial Portugues SA | 1.65% |
| 17 | ABBN.SW | ABB Ltd | 1.60% |
| 18 | A5G.IR | AIB Group PLC | 1.51% |
| 19 | 1888.HK | Kingboard Laminates Holdings Ltd | 1.49% |
| 20 | UCG.MI | UniCredit SpA | 1.44% |
| 21 | SLHN.SW | Swiss Life Holding AG | 1.39% |
| 22 | HARL.TA | Harel Insurance Investments & Financial Services Ltd | 1.39% |
| 23 | 5016.T | JX Advanced Metals Corp | 1.34% |
| 24 | RILBA.CO | Ringkjoebing Landbobank A/S | 1.30% |
| 25 | ATCO-A.ST | Atlas Copco AB | 1.28% |
| 26 | MOH.AT | Motor Oil Hellas Corinth Refineries SA | 1.26% |
| 27 | SOI.PA | Soitec | 1.12% |
| 28 | CABK.MC | CaixaBank SA | 1.12% |
| 29 | 8341.T | 77 Bank Ltd/The | 1.09% |
| 30 | FRES.L | Fresnillo PLC | 1.03% |

Source: etf.net, https://etf.net/etf/PIZ. Please cite the page URL.