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PYZ vs TMED

Invesco Dorsey Wright Basic Materials Momentum ETF

PYZBNasdaq

T. Rowe Price Health Care ETF

TMEDBNasdaq

Overlap

0.0%by weight

Expense ratio

TMED −0.16pt a year

PYZ0.60%TMED0.44%

Avg volume · 30D

TMED 4.0×the volume

PYZ1.85KTMED7.43K

PYZ vs TMED Performance

Oct 31, 2025 – Oct 30, 2026

+7.7%PYZ+20.6%TMED

Oct 31, 2025 to Oct 30, 2026. PYZ +7.7%. TMED +20.6%. Use the arrow keys to read each point.0%30%Oct 2025Apr 2026Oct 2026
Expense ratio
PYZ 0.60%
TMED 0.44%, better
Fund size
PYZ $63M
TMED $34M
1Y total return
PYZ +7.7%
TMED +20.6%, better
Yield (12M)
PYZ 0.51%
TMED No data
Holdings
PYZ 43
TMED 112
Avg volume (30D)
PYZ 1.85K sh
TMED 7.43K sh, better
NAV per share
PYZ $112.31
TMED $34.31
52W range

ETF.net Grade

PYZ: Cost 56, Risk 26, Mission not scored, Tradability 64, Holdings 89, Durability 75. TMED: Cost 82, Risk 55, Mission not scored, Tradability 59, Holdings 91, Durability 35.
Pillar letters and Scores for PYZ, TMED, with each pillar’s weight
PillarPYZTMED
Cost30% weightB56A82Higher
Mission25% weightNot scoredNot scored
Risk15% weightD26B55Higher
Tradability15% weightB64HigherB59
Holdings10% weightA89A91Higher
Durability5% weightA75HigherD35

Rank among US Active Sector funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. PYZ and TMED are both graded against the same 35 US Active Sector funds, so their Grades compare head to head.

US Active Sector⁠

Category · 35 funds
See all 35 ›

TMED ranks 2nd and PYZ 10th of 35 funds in the US Active Sector Category.

  1. Rank 1AAVREAvantis Real Estate ETFScore 77
  2. Rank 2APSRInvesco Active U.S. Real Estate ETFScore 70
  3. Rank 2BTMEDT. Rowe Price Health Care ETFScore 70
  4. Rank 4ATRUTVanEck Technology TruSector ETFScore 69
  5. Rank 9BFPROFidelity Real Estate Investment ETFScore 58
  6. Rank 10BPYZInvesco Dorsey Wright Basic Materials Momentum ETFScore 57
  7. Rank 11BUSNGAmplify Samsung U.S. Natural Gas Infrastructure ETFScore 56

Our read on each fund

ETF.net Research

PYZBInvesco Dorsey Wright Basic Materials Momentum ETF

TMEDBT. Rowe Price Health Care ETF

In short

PYZ Materials, ranked by momentum. PYZ scores US basic-materials stocks on relative strength, holds at least 30 of the strongest, and weights them by momentum score rather than market cap. Reshuffled quarterly since 2006.

TMED No data

Stated mandate

PYZ 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.

TMED No data

Why people hold it

  • PYZ The index scores materials stocks on relative strength, keeps the 30-plus highest, and lets top scorers carry the biggest weights. Market cap does not set the lineup.sec.gov
  • A fresh read four times a year: fund and index are rebalanced and reconstituted quarterly, so names that lose relative strength drop out instead of lingering.sec.govnasdaq.com
  • 0.60% net of a waiver through August 31, 2028 (0.79% gross), near the typical cost in its active sector peer group, where it stands in the upper half.
  • Trading since 2006, so this momentum rotation has run through multiple commodity cycles. Pays quarterly.

TMED No data

Worth knowing

  • PYZ Roughly 40 stocks inside one cyclical sector, tilted toward whatever has been working. That concentration moves harder than a broad-market fund in both directions.
  • Momentum reads the past. With the screen on a quarterly clock, a sharp turn in materials can leave last quarter's leaders in the book until the next reconstitution.sec.gov
  • One of the smaller and less traded funds in its category, so bid-ask spreads run wider than on mega sector ETFs. Limit orders are the standard tool.

TMED No data

Full PYZ profile⁠

Full TMED profile⁠

PYZ vs TMED Holdings

How PYZ and TMED differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of PYZ and 0.0% of TMED.

Level by level

  • Sector4 Sectors0.0%
  • Holdings0 in both0.0%
  • Countryby domicile96.1%
  • Asset classEquity100%

Sector

Sector weights in PYZ and TMED, widest gap first
SectorMore in PYZMore in TMED
Health CareTMED +99.9 points
MaterialsPYZ +83.3 points
IndustrialsPYZ +16.7 points
TechnologyTMED +0.1 points

Country, concentration and asset class

Country by domicile

Country weights in PYZ and TMED, widest gap first
CountryMore in PYZMore in TMED
United StatesPYZ +3.9 points
SwitzerlandTMED +1.8 points
GermanyTMED +0.7 points
CanadaTMED +0.6 points
Other countries (3)TMED +0.8 points

Concentration

Weight in the 10 largest Holdings

  • PYZ37.5%
  • TMED37.0%

Securities held

  • PYZ42
  • TMED110

Asset class

PYZ
Equity
TMED
Equity

Holdings

  • Only in PYZ42
  • In both0
  • Only in TMED110

Only in PYZ

42 securities, 99.9% of PYZ by weight

  • Reliance Inc4.92%
  • ATI Inc4.30%
  • Nucor Corp4.06%

Only in TMED

110 securities, 97.1% of TMED by weight

  • Eli Lilly & Co Common Stock5.94%
  • UnitedHealth Group Inc Common Stock USD.015.20%
  • Alnylam Pharmaceuticals Inc Common Stock USD.013.89%

Weight gaps

PYZ and TMED share no securities.

All 41 PYZ holdings⁠All TMED holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

PYZ vs TMED Cost

Overpaying PYZ vs TMED

$2,965

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

  • PYZ 0.60%

    $11,817

  • TMED 0.44%

    $8,852

$10,000
30 years

Cost over time

  • PYZ 0.60%
  • TMED 0.44%
  • 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$12.5K051015202530PYZ $11,817TMED $8,852

Year by year

YearPYZTMEDOverpaying
10$1,076$794$282
20$4,116$3,061$1,055
30$11,817$8,852$2,965

Expense ratio

  • 0.60%PYZ
  • 0.44%TMED, cheaper
  • Middle half of US Active Sector funds
  • Median 0.61%

TMED 7th cheapest of 35 funds

PYZ 15th cheapest of 35 funds

PYZ vs TMED Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
PYZ 0.51%
TMED No data
Payout (12M)
PYZ $0.57
TMED No data
Last payment
PYZ $0.15
TMED $0.16
Ex-dividend
PYZ Sep 21, 2026
TMED Dec 23, 2025
Paid on
PYZ Sep 25, 2026
TMED Dec 26, 2025
Frequency
PYZ Quarterly
TMED Irregular

Distribution history

Per share, 2017 to 2026, same scale for both

PYZQuarterly · 38 paymentsAll PYZ payments⁠
One bar per payment. 38 payments from 2017 to 2026 YTD. Jun 16, 2017 $0.07; Sep 18, 2017 $0.13; Dec 18, 2017 $0.18; Mar 19, 2018 $0.03; Jun 18, 2018 $0.19; Sep 24, 2018 $0.19; Dec 24, 2018 $0.23; Mar 18, 2019 $0.06; Jun 24, 2019 $0.32; Sep 23, 2019 $0.21; Dec 23, 2019 $0.27; Mar 23, 2020 $0.19; Jun 22, 2020 $0.25; Sep 21, 2020 $0.15; Dec 21, 2020 $0.15; Mar 22, 2021 $0.08; Jun 21, 2021 $0.06; Sep 20, 2021 $0.05; Dec 20, 2021 $0.13; Mar 21, 2022 $0.13; Jun 21, 2022 $0.27; Sep 19, 2022 $0.31; Dec 19, 2022 $0.22; Mar 20, 2023 $0.18; Jun 20, 2023 $0.21; Sep 18, 2023 $0.20; Dec 18, 2023 $0.42; Mar 18, 2024 $0.21; Jun 24, 2024 $0.26; Sep 23, 2024 $0.25; Dec 23, 2024 $0.25; Mar 24, 2025 $0.23; Jun 23, 2025 $0.23; Sep 22, 2025 $0.18; Dec 22, 2025 $0.16; Mar 23, 2026 $0.12; Jun 22, 2026 $0.14; Sep 21, 2026 $0.15. Use the arrow keys to read each point.$0$0.252017202020232026YTD
TMEDIrregular · 1 paymentAll TMED payments⁠
One bar per payment. 1 payment from 2017 to 2026 YTD. Dec 23, 2025 $0.16. Use the arrow keys to read each point.$0$0.252017202020232026YTD

PYZ vs TMED Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
PYZ 20.5%TMED 14.7%since Jul 2025
Return per unit of riskSharpe ratio, 3 years
PYZ 0.61TMED 1.50since Jul 2025
Worst fallMax drawdown, 5 years
PYZ −33.0%TMED −11.1%since Jun 2025
Market sensitivityBeta, 5 years
PYZ 1.28TMED 0.46

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