- ISIN
- US73935X4198
- CUSIP
- 46137V803
- Issuer
- Invesco
- Inception Date
- Oct 12, 2006
- Region
- North America (U.S.)
- Category
- Momentum, Consumer Discretionary Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- DWA Consumer Cyclicals Technical Leaders Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $24M
Share Price Chart
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Performance
PEZ Performance Chart
Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) is down 1.1% since the beginning of the year. PEZ is currently trading at $103 per share. Investors who bought $1,000 worth of PEZ shares 5 years ago would now be looking at an investment worth $1,144.
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Returns By Period
Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) has returned -1.07% so far this year and 8.49% over the past 12 months. Over the last ten years, PEZ has returned 10.15% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Invesco DWA Consumer Cyclicals Momentum ETF
- 1D
- -0.31%
- 1M
- 4.13%
- YTD
- -1.07%
- 6M
- -3.66%
- 1Y
- 8.49%
- 3Y*
- 15.36%
- 5Y*
- 2.72%
- 10Y*
- 10.15%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PEZ Monthly Returns History
Based on dividend-adjusted daily data since Oct 12, 2006, PEZ's average daily return is +0.04%, while the average monthly return is +0.83%. At this rate, an investment would double in approximately 7.0 years.
Historically, 58% of months were positive and 42% were negative. The best month was Jul 2020 with a return of +23.1%, while the worst month was Mar 2020 at -25.8%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 7 months.
On a daily basis, PEZ closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +12.9%, while the worst single day was Mar 18, 2020 at -12.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.05% | 2.31% | -8.27% | 4.99% | -1.63% | 3.14% | -1.07% | ||||||
| 2025 | 6.62% | -7.06% | -12.12% | 0.61% | 8.07% | 6.53% | -0.06% | 1.33% | -0.08% | -2.01% | 0.30% | 5.06% | 5.40% |
| 2024 | -0.84% | 11.67% | 6.00% | -6.70% | 7.52% | -0.94% | 2.86% | 1.15% | 4.26% | -1.47% | 9.03% | -11.66% | 20.06% |
| 2023 | 8.20% | -0.72% | 0.26% | 0.29% | -7.27% | 8.53% | 5.79% | -3.96% | -7.72% | -6.62% | 18.34% | 15.02% | 29.55% |
| 2022 | -13.07% | -2.41% | -3.37% | -5.78% | -3.40% | -10.87% | 7.41% | 0.51% | -8.97% | 9.88% | 4.63% | -6.29% | -29.59% |
| 2021 | 9.12% | 8.08% | -1.77% | 1.61% | 0.29% | 4.01% | -4.44% | 2.29% | -4.16% | 6.76% | 1.92% | -3.85% | 20.35% |
Benchmark Metrics
Invesco DWA Consumer Cyclicals Momentum ETF has an annualized alpha of 0.59%, beta of 0.93, and R2 of 0.57 versus S&P 500 Index. Calculated based on daily prices since October 12, 2006.
- This ETF participated in 111.87% of S&P 500 Index downside but only 106.71% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.93 and R2 of 0.57, 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
- 0.59%
- Beta
- 0.93
- R²
- 0.57
- Upside Capture
- 106.71%
- Downside Capture
- 111.87%
Expense Ratio
PEZ has an expense ratio of 0.60%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PEZ ranks 15 for risk / return — in the bottom 15% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) 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.
| PEZ | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.37 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.54 | 2.78 | -2.25 |
| Martin ratioReturn relative to average drawdown | 1.38 | 12.44 | -11.06 |
Dividends
Dividend History
Invesco DWA Consumer Cyclicals Momentum ETF provided a 0.36% dividend yield over the last twelve months, with an annual payout of $0.37 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.37 | $0.12 | $0.12 | $0.50 | $0.27 | $0.21 | $0.29 | $0.01 | $0.19 | $0.21 | $0.35 | $0.28 |
Dividend yield | 0.36% | 0.11% | 0.12% | 0.60% | 0.43% | 0.23% | 0.39% | 0.01% | 0.40% | 0.42% | 0.83% | 0.64% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco DWA Consumer Cyclicals 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 | $0.10 | $0.00 | $0.00 | $0.15 | $0.25 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 |
| 2024 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 |
| 2023 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.03 | $0.50 |
| 2022 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.11 | $0.27 |
| 2021 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.11 | $0.21 |
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 DWA Consumer Cyclicals 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 DWA Consumer Cyclicals Momentum ETF was 58.39%, occurring on Mar 6, 2009. Recovery took 752 trading sessions.
The current Invesco DWA Consumer Cyclicals Momentum ETF drawdown is 8.32%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -58.39%Mar 2009 | 1y 9mo | 2y 12mo | 4y 9moJun 2007 - Mar 2012 |
COVID crash2020 | -52.05%Mar 2020 | 1y 5mo | 4mo 20d | 1y 10moSep 2018 - Aug 2020 |
Bear market2022 | -41.72%Sep 2022 | 10mo 11d | 1y 11mo | 2y 9moNov 2021 - Aug 2024 |
2025 selloff2025 | -31.48%Apr 2025 | 4mo 13d | — | 1y 6moNov 2024 - now |
2016 bear market2016 | -25.01%Feb 2016 | 6mo 6d | 1y 8mo | 2y 2moAug 2015 - Oct 2017 |
Drawdown Indicators
| PEZ | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.39% | -56.78% | -1.61% |
Max Drawdown (1Y)Largest decline over 1 year | -15.83% | -9.10% | -6.73% |
Max Drawdown (3Y)Largest decline over 3 years | -31.48% | -18.90% | -12.58% |
Max Drawdown (5Y)Largest decline over 5 years | -41.72% | -25.43% | -16.29% |
Max Drawdown (10Y)Largest decline over 10 years | -52.05% | -33.92% | -18.13% |
Current DrawdownCurrent decline from peak | -8.32% | -1.80% | -6.52% |
Average DrawdownAverage peak-to-trough decline | -13.84% | -10.71% | -3.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.17% | 2.03% | +4.14% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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