- ISIN
- US73935X3778
- CUSIP
- 46137V860
- Issuer
- Invesco
- Inception Date
- Oct 12, 2006
- Region
- North America (U.S.)
- Category
- Momentum, Financials Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Dorsey Wright Financials Technical Leaders Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $33M
Share Price Chart
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Performance
PFI Performance Chart
Invesco Dorsey Wright Financial Momentum ETF (PFI) is up 6.4% since the beginning of the year. PFI is currently trading at $61 per share. Investors who bought $1,000 worth of PFI shares 5 years ago would now be looking at an investment worth $1,313.
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Returns By Period
Invesco Dorsey Wright Financial Momentum ETF (PFI) has returned 6.44% so far this year and 13.11% over the past 12 months. Over the last ten years, PFI has returned 9.16% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Invesco Dorsey Wright Financial Momentum ETF
- 1D
- 1.10%
- 1M
- 4.05%
- YTD
- 6.44%
- 6M
- 3.96%
- 1Y
- 13.11%
- 3Y*
- 16.75%
- 5Y*
- 5.60%
- 10Y*
- 9.16%
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%
PFI Monthly Returns History
Based on dividend-adjusted daily data since Oct 12, 2006, PFI's average daily return is +0.04%, while the average monthly return is +0.64%. At this rate, an investment would double in approximately 9.1 years.
Historically, 59% of months were positive and 41% were negative. The best month was Oct 2011 with a return of +14.5%, while the worst month was Jan 2009 at -19.5%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 5 months.
On a daily basis, PFI closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +15.0%, while the worst single day was Mar 16, 2020 at -15.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.77% | -5.37% | -2.99% | 9.24% | 0.67% | 4.63% | 6.44% | ||||||
| 2025 | 5.98% | -3.44% | -8.14% | -2.39% | 6.08% | 2.63% | -1.52% | 2.28% | 1.55% | -2.55% | 0.97% | 1.45% | 1.98% |
| 2024 | 0.00% | 6.09% | 4.51% | -5.92% | 5.93% | -0.51% | 9.97% | 2.22% | 1.10% | 0.40% | 14.05% | -8.72% | 30.58% |
| 2023 | 6.28% | -0.39% | -7.18% | 1.96% | -3.64% | 7.83% | 9.57% | -6.48% | -3.55% | -4.37% | 8.92% | 5.05% | 12.58% |
| 2022 | -9.60% | -0.67% | 0.63% | -7.53% | -3.46% | -9.09% | 7.53% | -2.47% | -7.44% | 11.75% | 2.08% | -6.52% | -24.09% |
| 2021 | -0.80% | 12.11% | 0.87% | 6.27% | 1.38% | -1.84% | 0.95% | 5.46% | -1.40% | 10.40% | -6.57% | 0.18% | 28.70% |
Benchmark Metrics
Invesco Dorsey Wright Financial Momentum ETF has an annualized alpha of -1.85%, beta of 1.01, and R2 of 0.69 versus S&P 500 Index. Calculated based on daily prices since October 12, 2006.
- This ETF participated in 106.25% of S&P 500 Index downside but only 93.76% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.01 and R2 of 0.69, 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
- -1.85%
- Beta
- 1.01
- R²
- 0.69
- Upside Capture
- 93.76%
- Downside Capture
- 106.25%
Expense Ratio
PFI has an expense ratio of 0.60%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PFI ranks 21 for risk / return — below 21% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco Dorsey Wright Financial Momentum ETF (PFI) 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.
| PFI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.37 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.95 | 2.78 | -1.83 |
| Martin ratioReturn relative to average drawdown | 2.84 | 12.44 | -9.60 |
Dividends
Dividend History
Invesco Dorsey Wright Financial Momentum ETF provided a 1.10% dividend yield over the last twelve months, with an annual payout of $0.67 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.67 | $0.39 | $1.58 | $0.83 | $0.79 | $0.70 | $0.67 | $0.35 | $0.57 | $0.12 | $0.66 | $0.44 |
Dividend yield | 1.10% | 0.68% | 2.77% | 1.85% | 1.93% | 1.28% | 1.56% | 0.92% | 1.98% | 0.35% | 2.16% | 1.44% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco Dorsey Wright Financial 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 | $0.16 | $0.00 | $0.00 | $0.26 | $0.42 | ||||||
| 2025 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.13 | $0.39 |
| 2024 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.45 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.84 | $1.58 |
| 2023 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.33 | $0.83 |
| 2022 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.11 | $0.79 |
| 2021 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.13 | $0.70 |
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 Financial 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 Financial Momentum ETF was 59.53%, occurring on Mar 9, 2009. Recovery took 1093 trading sessions.
The current Invesco Dorsey Wright Financial Momentum ETF drawdown is 1.59%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -59.53%Mar 2009 | 1y 9mo | 4y 4mo | 6y 1moJun 2007 - Jul 2013 |
COVID crash2020 | -43.09%Mar 2020 | 1mo 2d | 8mo 27d | 9mo 29dFeb 2020 - Dec 2020 |
Bear market2022 | -35.43%Jun 2022 | 7mo 14d | 2y 3mo | 2y 11moNov 2021 - Oct 2024 |
Rate-hike selloffLate 2018 | -25.68%Dec 2018 | 11mo 4d | 5mo 14d | 1y 4moJan 2018 - Jun 2019 |
2025 selloff2025 | -24.82%Apr 2025 | 4mo 13d | — | 1y 6moNov 2024 - now |
Drawdown Indicators
| PFI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.53% | -56.78% | -2.75% |
Max Drawdown (1Y)Largest decline over 1 year | -13.86% | -9.10% | -4.76% |
Max Drawdown (3Y)Largest decline over 3 years | -24.82% | -18.90% | -5.92% |
Max Drawdown (5Y)Largest decline over 5 years | -35.43% | -25.43% | -10.00% |
Max Drawdown (10Y)Largest decline over 10 years | -43.09% | -33.92% | -9.17% |
Current DrawdownCurrent decline from peak | -1.59% | -1.80% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -14.47% | -10.71% | -3.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.62% | 2.03% | +2.59% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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