- ISIN
- US46137V8458
- CUSIP
- 46137V845
- Issuer
- Invesco
- Inception Date
- Oct 12, 2006
- Region
- North America (U.S.)
- Category
- Momentum, Industrials Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Dorsey Wright Industrials Technical Leaders Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $425M
Highlights
- Avg. Volume (1M)
- 51K
- Avg. Volume Value (1M)
- $11.20M
Share Price Chart
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Performance
PRN Performance Chart
Invesco Dorsey Wright Industrials Momentum ETF (PRN) is up 23.5% since the beginning of the year. PRN is currently trading at $216 per share. Investors who bought $1,000 worth of PRN shares 5 years ago would now be looking at an investment worth $2,178.
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Returns By Period
Invesco Dorsey Wright Industrials Momentum ETF (PRN) has returned 23.45% so far this year and 34.52% over the past 12 months. Looking at the last ten years, PRN has achieved an annualized return of 16.36%, outperforming the S&P 500 Index benchmark, which averaged 13.26% per year.
Invesco Dorsey Wright Industrials Momentum ETF
- 1D
- 1.01%
- 1M
- -8.35%
- 6M
- 11.82%
- YTD
- 23.45%
- 1Y
- 34.52%
- 3Y*
- 25.97%
- 5Y*
- 16.85%
- 10Y*
- 16.36%
- ALL TIME*
- 12.07%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
PRN Monthly Returns History
Based on dividend-adjusted daily data since Oct 12, 2006, PRN's average daily return is +0.06%, while the average monthly return is +1.14%. At this rate, an investment would double in approximately 5.1 years.
Historically, 63% of months were positive and 37% were negative. The best month was Apr 2026 with a return of +19.2%, while the worst month was Oct 2008 at -20.0%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, PRN closed higher 54% of trading days. The best single day was Sep 22, 2008 with a return of +11.4%, while the worst single day was Sep 23, 2008 at -15.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 10.41% | 7.79% | -6.37% | 19.20% | 5.86% | 6.20% | -17.33% | 23.45% | |||||
| 2025 | 2.31% | -5.70% | -7.16% | -0.65% | 8.32% | 6.03% | 4.52% | -0.03% | 5.41% | 6.09% | -5.87% | 1.19% | 13.74% |
| 2024 | 0.62% | 12.03% | 4.58% | -5.52% | 4.28% | -3.00% | 6.83% | 2.08% | 5.37% | 1.73% | 14.21% | -13.36% | 30.35% |
| 2023 | 7.83% | 3.01% | -0.88% | -0.54% | -0.90% | 12.69% | 3.29% | -0.87% | -6.09% | -4.82% | 11.85% | 10.22% | 37.96% |
| 2022 | -14.12% | -1.86% | 0.60% | -8.24% | 0.13% | -10.62% | 12.92% | -2.57% | -7.65% | 9.14% | 2.98% | -5.79% | -25.09% |
| 2021 | 5.95% | 2.23% | 1.55% | 0.37% | -1.94% | -1.10% | 1.56% | 2.88% | -4.40% | 10.74% | 4.89% | 0.81% | 25.21% |
Benchmark Metrics
Invesco Dorsey Wright Industrials Momentum ETF has an annualized alpha of 3.49%, beta of 1.05, and R2 of 0.68 versus S&P 500 Index. Calculated based on daily prices since October 12, 2006.
- This ETF captured 123.27% of S&P 500 Index gains and 108.97% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This ETF generated an annualized alpha of 3.49% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.05 and R2 of 0.68, 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
- 3.49%
- Beta
- 1.05
- R²
- 0.68
- Upside Capture
- 123.27%
- Downside Capture
- 108.97%
Expense Ratio
PRN has an expense ratio of 0.60%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PRN ranks 39 for risk / return — above 39% 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 Industrials Momentum ETF (PRN) 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.
| PRN | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.25 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 2.00 | -0.72 |
| Martin ratioReturn relative to average drawdown | 5.15 | 8.49 | -3.34 |
Dividends
Dividend History
Invesco Dorsey Wright Industrials Momentum ETF provided a 0.10% dividend yield over the last twelve months, with an annual payout of $0.21 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.21 | $0.29 | $0.59 | $0.62 | $0.70 | $0.13 | $0.10 | $0.28 | $0.15 | $0.36 | $0.29 | $0.20 |
Dividend yield | 0.10% | 0.17% | 0.39% | 0.52% | 0.82% | 0.11% | 0.10% | 0.42% | 0.29% | 0.60% | 0.57% | 0.44% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco Dorsey Wright Industrials 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 | |||||
| 2025 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.00 | $0.29 |
| 2024 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.25 | $0.59 |
| 2023 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.18 | $0.62 |
| 2022 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.30 | $0.70 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.05 | $0.13 |
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 Industrials 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 Industrials Momentum ETF was 59.88%, occurring on Mar 9, 2009. Recovery took 522 trading sessions.
The current Invesco Dorsey Wright Industrials Momentum ETF drawdown is 17.94%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-59.88%Mar 2009 | 1y 7mo | 2y 23d | 3y 8moJul 2007 - Apr 2011 | Financial crisis2007–2009 |
-36.27%Mar 2020 | 1mo 2d | 4mo 15d | 5mo 17dFeb 2020 - Aug 2020 | COVID crash2020 |
-34.84%Jun 2022 | 6mo 23d | 1y 7mo | 2y 2moNov 2021 - Jan 2024 | Bear market2022 |
-30.78%Apr 2025 | 4mo 7d | 6mo 3d | 10mo 10dDec 2024 - Oct 2025 | 2025 selloff2025 |
-30.55%Oct 2011 | 5mo 29d | 1y 2mo | 1y 8moApr 2011 - Dec 2012 | — |
Drawdown Indicators
| PRN | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.88% | -56.78% | -3.10% |
Max Drawdown (1Y)Largest decline over 1 year | -24.60% | -9.10% | -15.50% |
Max Drawdown (3Y)Largest decline over 3 years | -30.78% | -18.90% | -11.88% |
Max Drawdown (5Y)Largest decline over 5 years | -34.84% | -25.43% | -9.41% |
Max Drawdown (10Y)Largest decline over 10 years | -36.27% | -33.92% | -2.35% |
Current DrawdownCurrent decline from peak | -17.94% | -1.58% | -16.36% |
Average DrawdownAverage peak-to-trough decline | -10.82% | -10.70% | -0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.13% | 2.14% | +3.99% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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