Invesco Dorsey Wright Energy Momentum ETF
$67.43+1.57 (+2.39%)
- 0.85%
- $77M
- +45.3%
- 1.09%
- 0M sh
- $65.08
- low $44.56high $66.62
The ETF.net PXI Grade
D
Score 36 out of 100
- 21 of 25
Score 36 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.F8 out of 100Rank 22 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.D29 out of 100Rank 20 of 24Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B56 out of 100Rank 11 of 25Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A93 out of 100Rank 1 of 25Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C52 out of 100Rank 13 of 25
Our read on PXI
DMomentum, applied to the oil patch. PXI ranks energy stocks on relative strength and holds the ones already winning, reshuffling as leadership rotates. A 2006-vintage strategy fund priced well above the plain-vanilla energy crowd.
The fund seeks to track the Dynamic Energy Sector Intellidex Index by investing primarily in its constituent securities. The index selects energy companies using investment-merit criteria that include momentum measures.
Why people hold it
- Rules-based relative strength: the index screens energy names on price momentum and holds the leaders, rebalancing as leadership rotates rather than ranking by company size.invesco.com
- Trading since 2006, so the strategy has a live record through shale booms, a crude collapse and a pandemic, not a backtest.
- Weight is spread across roughly 50 energy names instead of leaning on one or two majors, one of the better-diversified portfolios in the broad energy group.
Worth knowing
- At 0.78% a year it costs well above the broad energy median, and index rivals like XLE, FENY and VDE charge a small fraction of that. The screen has a fee gap to close.
- Thinly traded on a modest asset base, so bid/ask spreads can run wider than the category giants. Felt most on larger orders.
- Momentum buys what has already worked. When energy leadership flips, the fund can be holding the last move's winners into the turn.
PXI Holdings
- Stocks
- 46
- 37%
- VLO
Sectors
- Energy94.3%
- Materials5.7%
Geography
- United States95.16%
- Bermuda2.75%
- Switzerland2.10%
PXI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
PXI$14,531
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 | PXI |
|---|---|
| Year to date | +46.8% |
| 1 month | +0.4% |
| 3 months | +16.4% |
| 1 year | +45.3% |
| 3 years | +15.6% |
| 5 years | +16.8% |
| 10 years | +6.4% |
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 | PXI |
|---|---|---|
| 2026 YTD | +46.8% | |
| 2025 | +3.8% | |
| 2024 | +0.8% | |
| 2023 | +5.5% | |
| 2022 | +45.8% | |
| 2021 | +75.1% | |
| 2020 | −35.8% |
PXI in the news
PXI Dividends
- 1.09%
- $0.72
- $0.20 per share
- Quarterly
Distribution history
PXI Risk
- 21.1%
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.
- 0.40
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.
- −33.5%
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.
- 0.31
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PXI Cost
0.85%
PXI0.85%
- The middle half of Energy (Broad) funds
- Median 0.46%
20 of the 24 Energy (Broad) funds charge less.
Other funds in Energy (Broad)
- DUSAIPacer American Energy Infrastructure ETFExpense ratio 0.75%1 year return +26.4%
- DLNGXGlobal X - U.S. Natural Gas ETFExpense ratio 0.45%1 year return —
- DCSENCohen & Steers Future of Energy Active ETFExpense ratio 0.80%1 year return —
- DWEEIWestwood Salient Enhanced Energy Income ETFExpense ratio 0.85%1 year return +40.3%
- DNVIRHorizon Kinetics Energy Remediation ETFExpense ratio 0.85%1 year return +29.1%