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Launched · SEC filings

Invesco Dorsey Wright Consumer Staples Momentum ETF

PSLNasdaqInvescoD

$112.66−1.69 (−1.48%)

At close: Nov 3, 2026, 4:00 PM ET

D37/ 100

Rank 10 of 13 in Consumer Staples (Broad)

D37/100Rank 10 of 13inConsumer Staples (Broad)
Intraday session: down, 79 prints from 114.35 to 112.66. Range 112.66 to 113.80. Use the arrow keys to read each point.113.00113.25113.50113.75114.0010 AM12 PM2 PM4 PM
Expense ratio
0.60%*
Fund size
$81M
1Y total return
+12.0%
Yield · Last 12 months
0.70%
Holdings
50
Avg volume · 30D
1.49K sh
52W range
low $97.96high $117.28
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Aug 31, 2028. Without it: 0.76%.

The ETF.net PSL Grade

Based on 5 of 6 pillars

D

Score 37 out of 100

Category
Consumer Staples (Broad)⁠
Rank
10 of 13
Six-pillar profile for PSL. Scores out of 100: Cost 22, Risk 52, Mission not scored, Tradability 17, Holdings 87, Durability 48. Strongest: Holdings (87). Weakest: Tradability (17). Based on 5 of 6 pillars.

Score 37 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.
    F22 out of 100
    Rank 10 of 13

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C52 out of 100
    Rank 8 of 13

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F17 out of 100
    Rank 13 of 13

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A87 out of 100
    Rank 1 of 13

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C48 out of 100
    Rank 9 of 13

Our read on PSL

ETF.net Research

In short

DMost staples funds buy the whole aisle. PSL ranks staples names on relative strength and reshuffles quarterly, holding roughly 50 at 0.60% net of a waiver through August 31, 2028.

Stated mandate

The Fund is based on the Dorsey Wright Consumer Staples Technical Leaders Index, which selects at least 30 consumer-staples securities exhibiting powerful relative-strength characteristics.

Why people hold it

  • Momentum inside the market's most defensive aisle: the index picks at least 30 staples names showing relative strength, then rebalances and reconstitutes every quarter.invesco.com
  • Price strength, not market cap, decides who gets in, so the roughly 50-stock lineup can look very different from the cap-weighted staples giants.invesco.com
  • Live since 2006, making it one of the longest-running momentum sector funds on the board, with pay-outs on a quarterly schedule.

Worth knowing

  • The screen costs: 0.60% net of a waiver through August 31, 2028 (0.76% gross) sits above the staples category median. XLP charges 0.08%, VDC 0.09%, neither under a waiver.
  • Thinly traded next to the big staples funds, so spreads can widen and limit orders earn their keep.
  • A quarterly momentum reset means holdings turn over and the portfolio can drift far from the broad staples benchmark, for better or worse.invesco.com

PSL Holdings

Holdings pillarA87 out of 100Rank 1 of 13 in Consumer Staples (Broad)
Asset class
Stocks
Holdings
50
Top-10 weight
35%
Largest holding
CASY4.1%

Sectors

  • Consumer Staples89.0%
  • Consumer Discretionary7.6%
  • Industrials2.0%
  • Financials1.4%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1CASYCasey's General Stores Inc4.12%4,889$3.33M284
2USFDUS Foods Holding Corp3.86%30,110$3.12M194
3ELEstee Lauder Cos Inc/The3.79%28,014$3.06M290
4BJBJ's Wholesale Club Holdings Inc3.58%26,958$2.89M155
5PMPhilip Morris International Inc3.58%13,851$2.89M423
6PFGCPerformance Food Group Co3.58%29,191$2.89M147
7ELFelf Beauty Inc3.34%24,150$2.7M125
8KOCoca-Cola Co/The3.19%27,344$2.57M469
9MNSTMonster Beverage Corp3.16%53,890$2.55M372
10MOAltria Group Inc3.15%32,633$2.55M377
11ADMArcher-Daniels-Midland Co3.07%32,201$2.48M336
12KRKroger Co/The2.62%31,663$2.11M323
13DARDarling Ingredients Inc2.55%36,911$2.06M185
14COSTCostco Wholesale Corp2.47%1,972$2M483
15COKECoca-Cola Consolidated Inc2.45%9,386$1.97M187

Showing 1–15 of 50 holdings

PSL Performance

Launched Oct 12, 2006

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

PSL$11,196
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. PSL $11,196. SPY $11,146. Use the arrow keys to read each point.$10,000$11,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 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.

Trailing total return for PSL. Periods over one year show the average yearly return.
PeriodPSL
Year to date+14.5%
1 month+6.0%
3 months0.0%
1 year+12.0%
3 yearsper year+13.0%
5 yearsper year+5.8%
10 yearsper year+8.8%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for PSL
YearReturn barPSL
2026 YTD+14.5%
2025−3.5%
2024+15.4%
2023+12.3%
2022−7.8%
2021+6.9%
2020+18.2%

PSL in the news

PSL Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 2, 2026.
0.70%Last 12 months
Payout per share
$0.80Last 12 months
Last payment
$0.17 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 36 payments from 2017 to 2026 YTD. Jun 16, 2017 $0.10; Sep 18, 2017 $0.12; Mar 19, 2018 $0.07; Jun 18, 2018 $0.13; Sep 24, 2018 $0.13; Dec 24, 2018 $0.16; Jun 24, 2019 $0.08; Sep 23, 2019 $0.14; Dec 23, 2019 $0.13; Mar 23, 2020 $0.16; Jun 22, 2020 $0.18; Sep 21, 2020 $0.19; Dec 21, 2020 $0.17; Mar 22, 2021 $0.12; Jun 21, 2021 $0.35; Sep 20, 2021 $0.35; Dec 20, 2021 $0.31; Mar 21, 2022 $0.21; Jun 21, 2022 $0.36; Sep 19, 2022 $0.25; Dec 19, 2022 $0.82; Mar 20, 2023 $0.27; Jun 20, 2023 $0.36; Sep 18, 2023 $0.23; Dec 18, 2023 $0.40; Mar 18, 2024 $0.18; Jun 24, 2024 $0.13; Sep 23, 2024 $0.10; Dec 23, 2024 $0.21; Mar 24, 2025 $0.22; Jun 23, 2025 $0.28; Sep 22, 2025 $0.20; Dec 22, 2025 $0.23; Mar 23, 2026 $0.21; Jun 22, 2026 $0.19; Sep 21, 2026 $0.17. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 21, 2026Sep 25, 2026$0.17
Jun 22, 2026Jun 26, 2026$0.19
Mar 23, 2026Mar 27, 2026$0.21
Dec 22, 2025Dec 26, 2025$0.23
Sep 22, 2025Sep 26, 2025$0.20
Jun 23, 2025Jun 27, 2025$0.28
Mar 24, 2025Mar 28, 2025$0.22
Dec 23, 2024Dec 27, 2024$0.21
Sep 23, 2024Sep 27, 2024$0.10
Jun 24, 2024Jun 28, 2024$0.13
Mar 18, 2024Mar 22, 2024$0.18
Dec 18, 2023Dec 22, 2023$0.40

See all 72 payments⁠

$10,000 in PSL 10 years ago paid $1,603 in dividends.⁠

PSL Risk

Risk pillarC52 out of 100Rank 8 of 13 in Consumer Staples (Broad)
How much the fund’s monthly returns vary, scaled to a year.
15.2%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.63
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−19.0%
Trough Jun 2022
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.

How strongly the fund’s returns move with its asset-class index.
0.66
vs its asset-class index
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.

PSL Cost

Compare PSL and XLP

Overpaying vs XLP, cheapest in Consumer Staples (Broad)

$10,128

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • PSL 0.60%

    $11,817

  • XLP 0.08% Cheapest

    $1,689

$10,000
30 years

Cost over time

  • PSL 0.60%
  • XLP 0.08%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530PSL $11,817XLP $1,689

Year by year

YearPSLXLPOverpaying
10$1,076$147$929
20$4,116$575$3,541
30$11,817$1,689$10,128
How the 0.60% is worked out

Full fee 0.76%− waiver 0.16%= you pay 0.60%

The waiver ends Aug 31, 2028. After that the fee is 0.76% unless Invesco renews it. Source: prospectus, Aug 2026.

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