Invesco Zacks Mid-Cap ETF (CZA)

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Invesco Zacks Mid-Cap ETF (CZA) is up 7.9% since the beginning of the year. CZA is currently trading at $120 per share. Investors who bought $1,000 worth of CZA shares 5 years ago would now be looking at an investment worth $1,430.

Invesco Zacks Mid-Cap ETF (CZA) has returned 7.88% so far this year and 16.67% over the past 12 months. Over the last ten years, CZA has returned 10.64% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Apr 3, 2007, CZA's average daily return is +0.04%, while the average monthly return is +0.88%. At this rate, an investment would double in approximately 6.6 years.

Historically, 64% of months were positive and 36% were negative. The best month was Oct 2011 with a return of +12.7%, while the worst month was Mar 2020 at -23.3%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 5 months.

On a daily basis, CZA closed higher 52% of trading days. The best single day was Oct 14, 2008 with a return of +15.0%, while the worst single day was Mar 12, 2020 at -15.4%.

Invesco Zacks Mid-Cap ETF has an annualized alpha of 3.83%, beta of 0.70, and R2 of 0.48 versus S&P 500 Index. Calculated based on daily prices since April 03, 2007.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (96.46%) than losses (94.17%) - typical of diversified or defensive assets.
• Beta of 0.70 may look defensive, but with R2 of 0.48 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.48 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.

CZA has an expense ratio of 0.69%, placing it in the medium range.

CZA ranks 39 for risk / return — below 39% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

Invesco Zacks Mid-Cap ETF provided a 1.44% dividend yield over the last twelve months, with an annual payout of $1.73 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Invesco Zacks Mid-Cap ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Invesco Zacks Mid-Cap ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Invesco Zacks Mid-Cap ETF was 53.20%, occurring on Mar 9, 2009. Recovery took 418 trading sessions.

The current Invesco Zacks Mid-Cap ETF drawdown is 0.80%.

The chart below shows the rolling one-month volatility.