Invesco DWA Developed Markets Momentum ETF (PIZ)
PIZ is a passive ETF by Invesco tracking the investment results of the Dorsey Wright Developed Markets Technical Leaders Index. PIZ launched on Dec 28, 2007 and has a 0.80% expense ratio.
ETF Info
Dec 28, 2007
Global ex-U.S. (Broad)
1x
Dorsey Wright Developed Markets Technical Leaders Index
Large-Cap
Growth
Expense Ratio
PIZ has an expense ratio of 0.80%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Invesco DWA Developed Markets Momentum ETF (PIZ) returned 17.45% year-to-date (YTD) and 24.60% over the past 12 months. Over the past 10 years, PIZ returned 6.51% annually, underperforming the S&P 500 benchmark at 10.46%.
PIZ
17.45%
14.59%
13.79%
24.60%
12.85%
6.51%
^GSPC (Benchmark)
-3.77%
7.44%
-5.60%
8.37%
14.12%
10.46%
Monthly Returns
The table below presents the monthly returns of PIZ, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 5.99% | 1.04% | -1.71% | 8.56% | 2.78% | 17.45% | |||||||
| 2024 | 1.54% | 4.44% | 2.58% | -3.95% | 7.19% | 1.22% | 1.65% | 3.28% | 1.15% | -2.65% | 2.60% | -3.28% | 16.30% |
| 2023 | 8.63% | -2.55% | 3.77% | 1.94% | -4.26% | 5.02% | 4.43% | -4.31% | -5.68% | -3.59% | 9.31% | 5.49% | 17.99% |
| 2022 | -14.46% | -4.61% | 2.35% | -7.53% | 0.96% | -11.23% | 6.48% | -5.39% | -11.94% | 7.04% | 10.54% | -4.31% | -30.48% |
| 2021 | -1.49% | -0.29% | 2.29% | 6.39% | 3.40% | 1.18% | 4.96% | 4.52% | -8.05% | 5.66% | -1.40% | 2.53% | 20.53% |
| 2020 | 0.24% | -7.52% | -14.97% | 8.30% | 9.23% | 3.33% | 5.25% | 5.94% | 0.78% | -4.01% | 8.29% | 4.81% | 17.96% |
| 2019 | 6.73% | 3.71% | 1.86% | 3.79% | -3.62% | 5.30% | -0.03% | -1.78% | -0.31% | 2.82% | 3.26% | 3.32% | 27.52% |
| 2018 | 6.29% | -4.52% | -0.57% | -2.11% | 3.48% | -1.96% | 2.15% | 0.36% | -2.59% | -10.78% | -0.98% | -5.14% | -16.15% |
| 2017 | 4.72% | 0.76% | 3.32% | 5.06% | 4.45% | 1.13% | 2.49% | 0.61% | 2.35% | 1.00% | 0.82% | 0.73% | 30.96% |
| 2016 | -6.37% | -1.58% | 5.59% | 0.13% | 1.95% | -2.49% | 3.17% | -0.38% | 1.74% | -5.95% | -3.95% | 0.79% | -7.80% |
| 2015 | -0.67% | 6.70% | -2.28% | 3.05% | -1.83% | -4.48% | 2.55% | -6.13% | -2.31% | 3.38% | 2.41% | 0.00% | -0.33% |
| 2014 | -4.41% | 8.37% | -1.81% | -2.00% | 1.55% | -0.94% | -3.91% | 1.70% | -4.95% | 0.53% | 1.31% | -2.96% | -7.95% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 89, PIZ is among the top 11% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Invesco DWA Developed Markets Momentum ETF (PIZ) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Invesco DWA Developed Markets Momentum ETF provided a 1.58% dividend yield over the last twelve months, with an annual payout of $0.67 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.67 | $0.61 | $0.59 | $0.56 | $0.41 | $0.13 | $0.46 | $0.24 | $0.36 | $0.47 | $0.26 | $0.39 |
Dividend yield | 1.58% | 1.68% | 1.86% | 2.04% | 1.00% | 0.37% | 1.58% | 1.05% | 1.30% | 2.21% | 1.09% | 1.61% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco DWA Developed Markets 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | |||||||
| 2024 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.29 | $0.61 |
| 2023 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.12 | $0.59 |
| 2022 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.03 | $0.56 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.24 | $0.41 |
| 2020 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.13 |
| 2019 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.14 | $0.46 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.24 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.12 | $0.36 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.17 | $0.47 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.26 |
| 2014 | $0.01 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.08 | $0.39 |
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 Developed Markets 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 Developed Markets Momentum ETF was 60.61%, occurring on Mar 9, 2009. Recovery took 1137 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -60.61% | May 20, 2008 | 202 | Mar 9, 2009 | 1137 | Sep 17, 2013 | 1339 |
| -40.94% | Sep 3, 2021 | 281 | Oct 14, 2022 | 583 | Feb 12, 2025 | 864 |
| -36.43% | Feb 13, 2020 | 27 | Mar 23, 2020 | 95 | Aug 6, 2020 | 122 |
| -24.79% | Jan 29, 2018 | 229 | Dec 24, 2018 | 254 | Dec 27, 2019 | 483 |
| -22.95% | Mar 7, 2014 | 488 | Feb 11, 2016 | 359 | Jul 17, 2017 | 847 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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