Invesco Dorsey Wright Basic Materials Momentum ETF
$117.34−0.72 (−0.61%)
- Expense ratio
- 0.79%
- Fund size
- $65M
- 1Y return
- +11.0%
- Yield · Last 12 months
- 0.48%
- Holdings
- 43
- Volume · 30D
- 0M sh
- NAV per share
- $116.72
- 52W range
The ETF.net PYZ Grade
Score 45 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 26Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 26Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 63Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 88Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 76Category rank
Our read on PYZ
CDorsey Wright's relative-strength playbook pointed at one aisle of the market: US basic materials. Roughly 40 names picked purely on momentum, reshuffled as leadership changes, running since 2006.
The fund normally invests at least 90% of its total assets in securities comprising its index. The index selects at least 30 Nasdaq US securities showing relative strength, or momentum.
Why people hold it
- Rules, not hunches. The index screens Nasdaq US materials stocks for relative strength and holds at least 30, so fading names get cycled out on a schedule.invesco.com
- Launched in 2006, a long run for a single-sector momentum fund. It has traded through multiple commodity cycles with the same technical framework.
- Narrow on purpose: about 40 stocks, with at least 90% of assets in index names. Miners, chemicals and packaging, undiluted by the rest of the market.
Worth knowing
- The 0.78% expense ratio sits above the median for its peer group, so the momentum screen has a higher bar to clear.
- One of the more thinly traded funds in its category, so bid-ask spreads can be wider than on headline sector ETFs.
- Momentum buys strength after it shows up, so the portfolio can turn late when materials leadership flips. With about 40 names, single stocks swing it.
PYZ Holdings
- Stocks
- 43
- 40%
- ATI
Sectors
- Materials92.0%
- Industrials7.7%
- Financials0.3%
Geography
- United States95.82%
- United Kingdom2.24%
- Netherlands1.94%
PYZ Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | PYZ |
|---|---|
| Year to date | +7.5% |
| 1 month | −5.4% |
| 3 months | −8.9% |
| 1 year | +11.0% |
| 3 years | +15.8% |
| 5 years | +8.2% |
| 10 years | +8.6% |
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 | PYZ |
|---|---|---|
| 2026 YTD | +7.5% | |
| 2025 | +28.0% | |
| 2024 | +2.5% | |
| 2023 | +9.6% | |
| 2022 | −15.5% | |
| 2021 | +32.7% | |
| 2020 | +15.4% |
PYZ in the news
ETF.net Research hasn’t filed on PYZ yet — coverage lands here as it’s written.
PYZ Dividends
- 0.48%
- $0.57
- $0.15 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 25, 2026 | $0.15 |
| Jun 22, 2026 | Jun 26, 2026 | $0.14 |
| Mar 23, 2026 | Mar 27, 2026 | $0.12 |
| Dec 22, 2025 | Dec 26, 2025 | $0.16 |
| Sep 22, 2025 | Sep 26, 2025 | $0.18 |
| Jun 23, 2025 | Jun 27, 2025 | $0.23 |
| Mar 24, 2025 | Mar 28, 2025 | $0.23 |
| Dec 23, 2024 | Dec 27, 2024 | $0.25 |
| Sep 23, 2024 | Sep 27, 2024 | $0.25 |
| Jun 24, 2024 | Jun 28, 2024 | $0.26 |
| Mar 18, 2024 | Mar 22, 2024 | $0.21 |
| Dec 18, 2023 | Dec 22, 2023 | $0.42 |
PYZ Risk
- 20.8%
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.
- 0.53
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.
- −33.0%
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.
- 1.27
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PYZ Cost
- The middle half of US Active Sector funds
- Median 0.65%
22 of the 33 US Active Sector funds charge less.