Invesco Dorsey Wright Healthcare Momentum ETF
$57.21−1.17 (−2.01%)
- 0.74%
- $287M
- +34.6%
- 2.61%
- 0.1M sh
- $58.75
- low $44.70high $64.10
The ETF.net PTH Grade
C
Score 45 out of 100
- 15 of 25
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.D25 out of 100Rank 19 of 25Mission
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.C41 out of 100Rank 17 of 24Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B66 out of 100Rank 7 of 25Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A71 out of 100Rank 9 of 25Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A72 out of 100Rank 8 of 25
Our read on PTH
CHealthcare, ranked by price strength. PTH holds the health care names Dorsey Wright's relative-strength screen rates strongest, then reshuffles the list every quarter. Momentum logic applied to one sector instead of the whole market, running since 2006.
The Fund seeks to track the performance of its underlying index before fees and expenses. The index selects healthcare companies exhibiting relative strength or momentum.
Why people hold it
- The screen does the work: the index pulls at least 30 health care names out of the NASDAQ US Benchmark Index based on relative strength, and re-ranks them quarterly. No manager hunches.invesco.com
- Trading since 2006, so this is a long-running strategy that has been through multiple healthcare cycles rather than a recently launched idea.
- Concentrated by design: about 60 names means the leaders the screen picks actually move the fund, unlike broad sector funds where hundreds of tickers water each other down.
- No drift at the fund level. It normally keeps at least 90% of total assets in index constituents, so what the momentum screen selects is what you own.invesco.com
Worth knowing
- Cost is the headline trade-off: 0.72% a year, more than double the 0.32% median for its factor peer group and far above broad index peers like VYM and IUSG at 0.04%.
- A thinly traded fund, so bid-ask spreads can run wider than in the big sector ETFs and order size matters more than it would in a household-name product.
- Momentum drops what fades and adds what leads, every quarter. That turnover is the strategy working as written, but the roster can look very different one year to the next.invesco.com
PTH Holdings
- Stocks
- 54
- 37%
- IOVA
Sectors
- Health Care100.0%
Geography
- United States95.22%
- United Kingdom3.70%
- Netherlands1.08%
PTH Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
PTH$13,459
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 | PTH |
|---|---|
| Year to date | +17.5% |
| 1 month | −3.9% |
| 3 months | −2.5% |
| 1 year | +34.6% |
| 3 years | +25.1% |
| 5 years | +3.1% |
| 10 years | +13.6% |
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 | PTH |
|---|---|---|
| 2026 YTD | +17.5% | |
| 2025 | +27.9% | |
| 2024 | +2.4% | |
| 2023 | −4.5% | |
| 2022 | −20.6% | |
| 2021 | −3.2% | |
| 2020 | +67.3% |
PTH in the news
PTH Dividends
- 2.61%
- $1.53
- $1.53 per share
- Irregular
Distribution history
PTH Risk
- 24.8%
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.
- 0.78
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.
- −47.1%
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.
- 0.97
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PTH Cost
0.74%
PTH0.74%
- The middle half of Health Care (Broad) funds
- Median 0.50%
18 of the 25 Health Care (Broad) funds charge less.
Other funds in Health Care (Broad)
- CPINKSimplify Health Care ETFExpense ratio 0.51%1 year return +20.0%
- CFMEDFidelity Disruptive Medicine ETFExpense ratio 0.50%1 year return +21.9%
- CMHIPMilliman Healthcare Inflation Plus ETFExpense ratio 0.55%1 year return —
- DHEALGlobal X HealthTech ETFExpense ratio 0.50%1 year return −5.3%
- DHTECROBO Global Healthcare Technology and Innovation ETFExpense ratio 0.80%1 year return +39.5%