- ISIN
- US73935X1533
- CUSIP
- 73935X153
- Issuer
- Invesco
- Inception Date
- Mar 1, 2007
- Region
- North America (U.S.)
- Category
- Momentum, Mid Cap Growth Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Dorsey Wright Technical Leaders Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $1B
Highlights
- Avg. Volume (1M)
- 26K
- Avg. Volume Value (1M)
- $3.53M
Share Price Chart
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Performance
PDP Performance Chart
Invesco Dorsey Wright Momentum ETF (PDP) is up 16.3% since the beginning of the year. PDP is currently trading at $135 per share. Investors who bought $1,000 worth of PDP shares 5 years ago would now be looking at an investment worth $1,488.
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Returns By Period
Invesco Dorsey Wright Momentum ETF (PDP) has returned 16.28% so far this year and 21.79% over the past 12 months. Over the last ten years, PDP has returned 12.43% per year, falling short of the S&P 500 Index benchmark, which averaged 13.29% annually.
Invesco Dorsey Wright Momentum ETF
- 1D
- 1.34%
- 1M
- -4.26%
- 6M
- 9.02%
- YTD
- 16.28%
- 1Y
- 21.79%
- 3Y*
- 19.81%
- 5Y*
- 8.28%
- 10Y*
- 12.43%
- ALL TIME*
- 9.73%
Benchmark (S&P 500 Index)
- 1D
- 1.48%
- 1M
- 1.57%
- 6M
- 8.95%
- YTD
- 11.03%
- 1Y
- 21.84%
- 3Y*
- 19.28%
- 5Y*
- 11.54%
- 10Y*
- 13.29%
- ALL TIME*
- 8.11%
PDP Monthly Returns History
Based on dividend-adjusted daily data since Mar 1, 2007, PDP's average daily return is +0.05%, while the average monthly return is +0.92%. At this rate, an investment would double in approximately 6.3 years.
Historically, 62% of months were positive and 38% were negative. The best month was Apr 2026 with a return of +13.1%, while the worst month was Oct 2008 at -20.4%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 6 months.
On a daily basis, PDP closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +11.2%, while the worst single day was Mar 16, 2020 at -13.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.96% | 5.56% | -6.38% | 13.10% | 4.60% | 6.22% | -11.97% | 1.34% | 16.28% | ||||
| 2025 | 4.41% | -4.36% | -6.92% | 0.12% | 5.37% | 2.99% | 4.32% | -1.68% | 6.10% | 3.01% | -3.44% | -0.88% | 8.37% |
| 2024 | 1.54% | 9.62% | 3.83% | -6.28% | 4.33% | 1.31% | 0.69% | 2.58% | 2.16% | 0.33% | 12.68% | -7.71% | 26.06% |
| 2023 | 6.36% | -1.77% | 2.52% | -0.93% | -1.57% | 9.53% | 0.47% | -0.20% | -5.21% | -4.44% | 9.84% | 5.91% | 20.88% |
| 2022 | -13.73% | -2.65% | 2.07% | -8.01% | 2.87% | -11.18% | 10.98% | -2.01% | -8.63% | 10.61% | 3.02% | -7.43% | -24.49% |
| 2021 | -2.42% | 1.57% | -2.10% | 2.81% | -1.13% | 3.57% | 2.16% | 2.95% | -5.09% | 9.19% | -2.34% | -0.91% | 7.72% |
Benchmark Metrics
Invesco Dorsey Wright Momentum ETF has an annualized alpha of 0.82%, beta of 1.04, and R2 of 0.83 versus S&P 500 Index. Calculated based on daily prices since March 01, 2007.
- This ETF captured 106.37% of S&P 500 Index gains and 103.34% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 1.04 and R2 of 0.83, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 0.82%
- Beta
- 1.04
- R²
- 0.83
- Upside Capture
- 106.37%
- Downside Capture
- 103.34%
Expense Ratio
PDP has an expense ratio of 0.62%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PDP ranks 36 for risk / return — above 36% of ETFs peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Invesco Dorsey Wright Momentum ETF (PDP) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PDP | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.31 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 2.41 | -1.17 |
| Martin ratioReturn relative to average drawdown | 4.80 | 10.22 | -5.43 |
Dividends
Dividend History
Invesco Dorsey Wright Momentum ETF provided a 0.08% dividend yield over the last twelve months, with an annual payout of $0.11 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.11 | $0.20 | $0.16 | $0.36 | $0.32 | $0.00 | $0.09 | $0.16 | $0.09 | $0.14 | $0.34 | $0.16 |
Dividend yield | 0.08% | 0.17% | 0.15% | 0.42% | 0.45% | 0.00% | 0.11% | 0.25% | 0.18% | 0.28% | 0.81% | 0.39% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco Dorsey Wright Momentum ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||
| 2025 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.00 | $0.20 |
| 2024 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.16 |
| 2023 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.10 | $0.36 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.24 | $0.32 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco Dorsey Wright Momentum 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 Dorsey Wright Momentum ETF was 59.34%, occurring on Mar 9, 2009. Recovery took 775 trading sessions.
The current Invesco Dorsey Wright Momentum ETF drawdown is 11.64%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-59.34%Mar 2009 | 1y 2mo | 3y 26d | 4y 3moDec 2007 - Apr 2012 | Financial crisis2007–2009 |
-34.70%Mar 2020 | 1mo 2d | 3mo 26d | 4mo 28dFeb 2020 - Jul 2020 | COVID crash2020 |
-33.91%Sep 2022 | 10mo 21d | 1y 9mo | 2y 8moNov 2021 - Jul 2024 | Bear market2022 |
-24.54%Dec 2018 | 3mo 8d | 5mo 18d | 8mo 26dSep 2018 - Jun 2019 | Rate-hike selloffLate 2018 |
-23.79%Apr 2025 | 4mo 4d | 5mo 14d | 9mo 18dDec 2024 - Sep 2025 | 2025 selloff2025 |
Drawdown Indicators
| PDP | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.34% | -56.78% | -2.56% |
Max Drawdown (1Y)Largest decline over 1 year | -17.58% | -9.10% | -8.48% |
Max Drawdown (3Y)Largest decline over 3 years | -23.79% | -18.90% | -4.89% |
Max Drawdown (5Y)Largest decline over 5 years | -33.91% | -25.43% | -8.48% |
Max Drawdown (10Y)Largest decline over 10 years | -34.70% | -33.92% | -0.78% |
Current DrawdownCurrent decline from peak | -11.64% | -0.12% | -11.52% |
Average DrawdownAverage peak-to-trough decline | -10.57% | -10.70% | +0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.55% | 2.14% | +2.41% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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