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Launched · SEC filings

Invesco Dorsey Wright Healthcare Momentum ETF

PTHNasdaqInvescoC

$57.79−1.99 (−3.33%)

At close: Nov 2, 2026, 4:00 PM ET

C50/ 100

Rank 13 of 25 in Health Care (Broad)

C50/100Rank 13 of 25inHealth Care (Broad)
Intraday session: down, 79 prints from 59.78 to 57.79. Range 57.76 to 60.01. Use the arrow keys to read each point.58.5059.0059.5010 AM12 PM2 PM4 PM
Expense ratio
0.60%*
Fund size
$295M
1Y total return
+26.6%
Yield · Last 12 months
2.55%
Holdings
54
Avg volume · 30D
53.6K sh
52W range
low $46.09high $64.10
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Aug 31, 2028. Without it: 0.74%.

The ETF.net PTH Grade

Based on 5 of 6 pillars

C

Score 50 out of 100

Category
Health Care (Broad)⁠
Rank
13 of 25
Six-pillar profile for PTH. Scores out of 100: Cost 38, Risk 37, Mission not scored, Tradability 67, Holdings 73, Durability 71. Strongest: Holdings (73). Weakest: Risk (37). Based on 5 of 6 pillars.

Score 50 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.
    D38 out of 100
    Rank 16 of 25

  • 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.
    D37 out of 100
    Rank 17 of 25

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B67 out of 100
    Rank 7 of 25

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A73 out of 100
    Rank 8 of 25

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A71 out of 100
    Rank 8 of 25

Our read on PTH

ETF.net Research

In short

CHealth care ranked by price strength instead of market cap. PTH's index has been running since 2006, holds about 50 relative-strength names, and reshuffles them every quarter, so the lineup can look nothing like the sector's megacap giants.

Stated mandate

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 momentum screen draws from a broad US healthcare universe, so the names that qualify can be anything from megacaps to small caps. A genuinely different portfolio than cap-weighted sector funds like XLV and VHT.invesco.comnasdaq.com
  • Live since October 2006, through multiple biotech booms and busts, well before momentum became a standard ETF label.
  • Discipline is built into the calendar: the index is reconstituted and rebalanced quarterly, and the fund normally keeps at least 90% of total assets in index securities.nasdaq.comnasdaq.com 2

Worth knowing

  • 0.60% net of a waiver through August 31, 2028 (0.74% gross), above the category median and far above cap-weighted peers like XLV at 0.08% and VHT at 0.09%.
  • With about 50 holdings and momentum setting the lineup, single-name moves land harder here than in a several-hundred-stock cap-weighted health care fund.
  • Momentum, by design, buys what has already run and trims what has lagged, so sharp reversals can catch the index between quarterly rebalances.nasdaq.comnasdaq.com 2

PTH 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.

PTH$12,660
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. PTH $12,660. SPY $11,199. Use the arrow keys to read each point.$10,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 PTH. Periods over one year show the average yearly return.
PeriodPTH
Year to date+20.3%
1 month−1.6%
3 months+2.9%
1 year+26.6%
3 yearsper year+26.7%
5 yearsper year+2.5%
10 yearsper year+15.2%

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 PTH
YearReturn barPTH
2026 YTD+20.3%
2025+27.9%
2024+2.4%

PTH in the news

PTH 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 Oct 30, 2026.
2.55%Last 12 months
Payout per share
$1.53Last 12 months
Last payment
$1.53 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution history

2017–2026

One bar per payment. 2 payments from 2017 to 2026 YTD. Jun 24, 2024 $0.03; Dec 22, 2025 $1.53. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 22, 2025Dec 26, 2025$1.53
Jun 24, 2024Jun 28, 2024$0.03
Dec 20, 2013Dec 31, 2013$0.01
Sep 20, 2013Sep 30, 2013$0.0027
Jun 21, 2013Jun 28, 2013$0.04
Dec 21, 2012Dec 31, 2012$0.11
Jun 15, 2012Jun 29, 2012$0.0084
Dec 18, 2009Dec 31, 2009$0.02
Jun 19, 2009Jun 30, 2009$0.0083

$10,000 in PTH 10 years ago paid $1,056 in dividends.

PTH Risk

Risk pillarD37 out of 100Rank 17 of 25 in Health Care (Broad)
How much the fund’s monthly returns vary, scaled to a year.
23.9%
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.
0.93
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.
−47.1%
Trough Oct 2023
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.
0.97
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.

PTH Cost

Compare PTH and XLV

Overpaying vs XLV, cheapest in Health Care (Broad)

$10,128

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

  • PTH 0.60%

    $11,817

  • XLV 0.08% Cheapest

    $1,689

$10,000
30 years

Cost over time

  • PTH 0.60%
  • XLV 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$12.5K051015202530PTH $11,817XLV $1,689

Year by year

YearPTHXLVOverpaying
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 0.74%− waiver 0.14%= you pay 0.60%

The waiver ends Aug 31, 2028. After that the fee is 0.74% unless Invesco renews it. Source: prospectus, Aug 2026.

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