Invesco Dorsey Wright Basic Materials Momentum ETF
$115.16+0.56 (+0.49%)
- 0.79%
- $65M
- +7.3%
- 0.50%
- 0M sh
- $115.22
- low $97.09high $134.10
The ETF.net PYZ Grade
C
Score 45 out of 100
- 20 of 35
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.D26 out of 100Rank 25 of 35Mission
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.F23 out of 100Rank 33 of 35Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B65 out of 100Rank 8 of 35Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A89 out of 100Rank 1 of 35Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A76 out of 100Rank 8 of 35
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
- 38%
- ATI
Sectors
- Materials83.3%
- Industrials16.7%
Geography
- United States95.34%
- United Kingdom4.66%
PYZ Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
PYZ$10,728
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 | PYZ |
|---|---|
| Year to date | +4.4% |
| 1 month | −5.2% |
| 3 months | −4.6% |
| 1 year | +7.3% |
| 3 years | +15.4% |
| 5 years | +6.6% |
| 10 years | +8.7% |
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 | +4.4% | |
| 2025 | +28.0% | |
| 2024 | +2.5% | |
| 2023 | +9.6% | |
| 2022 | −15.5% | |
| 2021 | +32.7% | |
| 2020 | +15.4% |
PYZ in the news
PYZ Dividends
- 0.50%
- $0.57
- $0.15 per share
- Quarterly
Distribution history
PYZ Risk
- 20.9%
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.
- 0.52
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.
- 1.28
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
0.79%
PYZ0.79%
- The middle half of US Active Sector funds
- Median 0.65%
24 of the 35 US Active Sector funds charge less.
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