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Invesco DWA Developed Markets Momentum ETF (PIZ) Sharpe Ratio: 0.75

ETF · Currency in USD · Last updated Jul 14, 2026

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.

PIZ's Sharpe Ratio of 0.75 indicates that for each unit of volatility, it generates 0.75 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 14, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

PIZ Sharpe Ratio Rank

PIZ Sharpe Ratio Rank: 25.525
Below Average

PIZ ranks above 25.5% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

PIZ Sharpe Ratio Market Positioning

The chart shows PIZ's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.74 or lower
  • Yellow zone (middle 50%): 0.74 to 1.91
  • Green zone (top 25%): 1.91 or higher
  • Top 1%: 6.48+
  • Median: 1.39 — half of all investments score higher

How it compares to other similar ETFs

The table compares Invesco DWA Developed Markets Momentum ETF's Sharpe Ratio with other ETFs in the Momentum, Foreign Large Cap Equities category across multiple time periods, showing how PIZ's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 14, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
ULVMVictoryShares US Value Momentum ETF2.62
GMOIGMO International Value ETF2.57
PTHInvesco DWA Healthcare Momentum ETF2.46
SPVMInvesco S&P 500 Value with Momentum ETF2.45
JIVEJPMorgan International Value ETF2.45
EFASGlobal X MSCI SuperDividend® EAFE ETF2.45
PIEInvesco DWA Emerging Markets Momentum ETF2.30
DFIVDimensional International Value ETF2.27
DVLUFirst Trust Dorsey Wright Momentum & Value ETF2.26
VIDIVident International Equity Fund2.26
PIZInvesco DWA Developed Markets Momentum ETF0.75

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows PIZ's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when PIZ consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does PIZ fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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