Invesco Dorsey Wright Industrials Momentum ETF
The ETF.net PRN Grade
F
Score 25 out of 100
- 10 of 10
Score 25 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. The letter stays F for now. A new letter must hold for 3 published runs before it replaces it.
Cost
The fund’s net expense ratio, ranked against its category.F11 out of 100Rank 9 of 10Mission
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.F17 out of 100Rank 10 of 10Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C54 out of 100Rank 5 of 10Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D31 out of 100Rank 10 of 10Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C40 out of 100Rank 8 of 10
Our read on PRN
In short
FMost industrials ETFs hold the sector by size. PRN holds its momentum leaders: a few dozen US industrials ranked on relative strength and reshuffled quarterly, at 0.60% net of a waiver through August 31, 2028 (0.69% gross).
Stated mandate
The Fund normally invests at least 90% of its total assets in securities comprising the Dorsey Wright Industrials Technical Leaders Index. That index selects at least 30 Nasdaq US Benchmark Index securities exhibiting relative strength, or momentum.
Why people hold it
Worth knowing
PRN Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
PRN$10,818
Returns run to the Nov 9, 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 | PRN |
|---|---|
| Year to date | +9.1% |
| 1 month | −3.8% |
| 3 months | −14.2% |
| 1 year | +8.2% |
| 3 years | +23.7% |
| 5 years | +10.3% |
| 10 years | +15.3% |
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 | PRN |
|---|---|---|
| 2026 YTD | +9.1% | |
| 2025 | +13.7% | |
| 2024 | +30.3% | |
| 2023 | +38.0% | |
| 2022 | −25.1% | |
| 2021 | +25.2% | |
| 2020 | +36.4% |
PRN in the news
PRN Dividends
- 0.00%
No distributions in the last 12 months.
PRN Risk
- 26.8%
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.
- 0.85
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.
- −34.8%
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.
- 1.54
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.
PRN Cost
Overpaying vs XLI, cheapest in Industrials (Broad)
$10,128
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
PRN 0.60%
$11,817
XLI 0.08% Cheapest
$1,689
Cost over time
Year by year
| Year | PRN | XLI | 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 0.09%
Full fee 0.69% waiver 0.09% you pay 0.60%
Other funds in Industrials (Broad)
- CEXIiShares Global Industrials ETFExpense ratio 0.38%1 year return +10.7%
- CPSCIInvesco S&P SmallCap Industrials ETFExpense ratio 0.29%1 year return +16.1%
- CRSPNInvesco S&P 500 Equal Weight Industrials ETFExpense ratio 0.40%1 year return +11.9%
- CTRUIVanEck Industrials TruSector ETFExpense ratio 0.10%1 year return
- DFXRFirst Trust Industrials/Producer Durables AlphaDEX FundExpense ratio 0.60%1 year return +17.0%
