- ISIN
- US46137V8789
- CUSIP
- 73935X385
- Issuer
- Invesco
- Inception Date
- Oct 12, 2006
- Region
- North America (U.S.)
- Category
- Momentum, Energy Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Dorsey Wright Energy Technical Leaders Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $72M
Share Price Chart
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Performance
PXI Performance Chart
Invesco DWA Energy Momentum ETF (PXI) is up 23.0% since the beginning of the year. PXI is currently trading at $55 per share. Investors who bought $1,000 worth of PXI shares 5 years ago would now be looking at an investment worth $1,965.
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Returns By Period
Invesco DWA Energy Momentum ETF (PXI) has returned 22.95% so far this year and 26.37% over the past 12 months. Over the last ten years, PXI has returned 5.74% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Invesco DWA Energy Momentum ETF
- 1D
- 1.37%
- 1M
- -7.84%
- YTD
- 22.95%
- 6M
- 23.28%
- 1Y
- 26.37%
- 3Y*
- 15.94%
- 5Y*
- 14.47%
- 10Y*
- 5.74%
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%
PXI Monthly Returns History
Based on dividend-adjusted daily data since Oct 12, 2006, PXI's average daily return is +0.05%, while the average monthly return is +0.90%. At this rate, an investment would double in approximately 6.4 years.
Historically, 56% of months were positive and 44% were negative. The best month was Apr 2020 with a return of +45.5%, while the worst month was Mar 2020 at -46.4%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 8 months.
On a daily basis, PXI closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +17.6%, while the worst single day was Mar 9, 2020 at -25.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 11.59% | 6.84% | 10.64% | 3.00% | -6.49% | -3.22% | 22.95% | ||||||
| 2025 | 1.11% | -1.32% | -0.94% | -11.40% | 5.01% | 6.62% | 0.31% | 2.74% | 5.96% | -0.18% | 0.79% | -3.59% | 3.86% |
| 2024 | -1.46% | 1.39% | 9.79% | -2.50% | 1.28% | -1.59% | 3.04% | -6.27% | -5.21% | 2.24% | 14.14% | -11.51% | 0.76% |
| 2023 | 4.77% | -6.89% | -4.88% | -2.86% | -7.90% | 11.43% | 11.17% | 2.79% | 2.88% | -6.49% | 0.53% | 3.18% | 5.48% |
| 2022 | 12.99% | 9.92% | 12.64% | -1.62% | 15.54% | -20.88% | 12.43% | 6.01% | -12.84% | 22.63% | 0.29% | -9.27% | 45.85% |
| 2021 | 10.88% | 26.70% | 0.25% | -1.29% | 11.33% | 12.55% | -16.93% | 0.59% | 21.20% | 8.18% | -8.46% | 0.20% | 75.05% |
Benchmark Metrics
Invesco DWA Energy Momentum ETF has an annualized alpha of -1.10%, beta of 1.18, and R2 of 0.44 versus S&P 500 Index. Calculated based on daily prices since October 12, 2006.
- This ETF participated in 124.12% of S&P 500 Index downside but only 110.29% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.44 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -1.10%
- Beta
- 1.18
- R²
- 0.44
- Upside Capture
- 110.29%
- Downside Capture
- 124.12%
Expense Ratio
PXI has an expense ratio of 0.60%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PXI ranks 37 for risk / return — below 37% 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 DWA Energy Momentum ETF (PXI) 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.
| PXI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.37 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 2.78 | -0.51 |
| Martin ratioReturn relative to average drawdown | 6.80 | 12.44 | -5.64 |
Dividends
Dividend History
Invesco DWA Energy Momentum ETF provided a 1.71% dividend yield over the last twelve months, with an annual payout of $0.95 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.95 | $0.82 | $0.67 | $0.82 | $1.36 | $0.17 | $0.30 | $0.79 | $0.26 | $0.31 | $0.32 | $0.69 |
Dividend yield | 1.71% | 1.81% | 1.52% | 1.82% | 3.14% | 0.57% | 1.72% | 2.80% | 0.93% | 0.80% | 0.73% | 2.07% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco DWA Energy 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 | $0.18 | $0.29 | ||||||
| 2025 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.23 | $0.82 |
| 2024 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.19 | $0.67 |
| 2023 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.16 | $0.82 |
| 2022 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.45 | $0.00 | $0.00 | $0.60 | $1.36 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.17 |
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 Energy 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 Energy Momentum ETF was 85.08%, occurring on Mar 18, 2020. Recovery took 1495 trading sessions.
The current Invesco DWA Energy Momentum ETF drawdown is 10.43%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -85.08%Mar 2020 | 5y 8mo | 5y 11mo | 11y 8moJun 2014 - Mar 2026 |
Financial crisis2007–2009 | -67.83%Mar 2009 | 8mo 15d | 2y 4mo | 3y 27dJun 2008 - Jul 2011 |
2011 bear market2011 | -34.17%Oct 2011 | 2mo 10d | 1y 3mo | 1y 5moJul 2011 - Jan 2013 |
Financial crisis2007–2009 | -15.20%Jan 2008 | 19d | 2mo 15d | 3mo 4dJan 2008 - Apr 2008 |
2007 correction2007 | -14.69%Aug 2007 | 27d | 2mo | 2mo 27dJul 2007 - Oct 2007 |
Drawdown Indicators
| PXI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.08% | -56.78% | -28.30% |
Max Drawdown (1Y)Largest decline over 1 year | -11.64% | -9.10% | -2.54% |
Max Drawdown (3Y)Largest decline over 3 years | -30.74% | -18.90% | -11.84% |
Max Drawdown (5Y)Largest decline over 5 years | -33.47% | -25.43% | -8.04% |
Max Drawdown (10Y)Largest decline over 10 years | -79.55% | -33.92% | -45.63% |
Current DrawdownCurrent decline from peak | -10.43% | -1.80% | -8.63% |
Average DrawdownAverage peak-to-trough decline | -29.38% | -10.71% | -18.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.96% | 2.03% | +1.93% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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