- ISIN
- US73935X4271
- CUSIP
- 46137V704
- Issuer
- Invesco
- Inception Date
- Oct 12, 2006
- Region
- North America (U.S.)
- Leveraged
- 1x (No leverage)
- Index Tracked
- Dorsey Wright Basic Materials Technical Leaders Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $83M
Share Price Chart
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Performance
PYZ Performance Chart
Invesco DWA Basic Materials Momentum ETF (PYZ) is up 18.1% since the beginning of the year. PYZ is currently trading at $130 per share. Investors who bought $1,000 worth of PYZ shares 5 years ago would now be looking at an investment worth $1,559.
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Returns By Period
Invesco DWA Basic Materials Momentum ETF (PYZ) has returned 18.09% so far this year and 43.36% over the past 12 months. Over the last ten years, PYZ has returned 10.55% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Invesco DWA Basic Materials Momentum ETF
- 1D
- -0.17%
- 1M
- 2.69%
- YTD
- 18.09%
- 6M
- 14.49%
- 1Y
- 43.36%
- 3Y*
- 18.07%
- 5Y*
- 9.29%
- 10Y*
- 10.55%
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%
PYZ Monthly Returns History
Based on dividend-adjusted daily data since Oct 12, 2006, PYZ's average daily return is +0.05%, while the average monthly return is +1.04%. At this rate, an investment would double in approximately 5.6 years.
Historically, 59% of months were positive and 41% were negative. The best month was Oct 2011 with a return of +17.8%, while the worst month was Oct 2008 at -23.6%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 6 months.
On a daily basis, PYZ closed higher 53% of trading days. The best single day was Dec 8, 2008 with a return of +12.9%, while the worst single day was Mar 9, 2020 at -11.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.88% | 9.17% | -9.22% | 7.23% | 1.75% | -0.60% | 18.09% | ||||||
| 2025 | 4.97% | -1.67% | -5.09% | -2.38% | 6.20% | 5.97% | 2.80% | 8.71% | 2.16% | -1.11% | 2.34% | 2.94% | 28.01% |
| 2024 | -4.71% | 6.56% | 7.20% | -5.82% | 5.45% | -4.95% | 6.66% | -1.98% | 5.14% | -2.94% | 6.30% | -12.00% | 2.54% |
| 2023 | 14.33% | -1.08% | -4.71% | -3.65% | -6.67% | 12.46% | 4.71% | -5.19% | -7.48% | -5.98% | 8.16% | 7.62% | 9.56% |
| 2022 | -9.37% | 6.15% | 8.67% | -7.00% | -1.15% | -20.18% | 10.65% | 0.81% | -12.97% | 14.12% | 7.62% | -7.56% | -15.45% |
| 2021 | -2.60% | 9.40% | 9.01% | 3.01% | 8.51% | -5.15% | 0.64% | 2.28% | -6.36% | 7.53% | -3.25% | 7.45% | 32.68% |
Benchmark Metrics
Invesco DWA Basic Materials Momentum ETF has an annualized alpha of 1.22%, beta of 1.13, and R2 of 0.67 versus S&P 500 Index. Calculated based on daily prices since October 12, 2006.
- This ETF captured 134.65% of S&P 500 Index gains and 126.12% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 1.13 and R2 of 0.67, 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
- 1.22%
- Beta
- 1.13
- R²
- 0.67
- Upside Capture
- 134.65%
- Downside Capture
- 126.12%
Expense Ratio
PYZ has an expense ratio of 0.60%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PYZ ranks 48 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco DWA Basic Materials Momentum ETF (PYZ) 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.
| PYZ | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.37 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 2.78 | -0.33 |
| Martin ratioReturn relative to average drawdown | 8.01 | 12.44 | -4.43 |
Dividends
Dividend History
Invesco DWA Basic Materials Momentum ETF provided a 0.63% dividend yield over the last twelve months, with an annual payout of $0.82 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.82 | $0.79 | $0.98 | $1.02 | $0.93 | $0.31 | $0.74 | $0.87 | $0.64 | $0.38 | $0.63 | $0.61 |
Dividend yield | 0.63% | 0.72% | 1.13% | 1.19% | 1.18% | 0.33% | 1.04% | 1.38% | 1.20% | 0.53% | 1.07% | 1.25% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco DWA Basic Materials 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 | $0.12 | $0.00 | $0.00 | $0.14 | $0.26 | ||||||
| 2025 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.16 | $0.79 |
| 2024 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.25 | $0.98 |
| 2023 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.42 | $1.02 |
| 2022 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.22 | $0.93 |
| 2021 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.13 | $0.31 |
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 Basic Materials 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 Basic Materials Momentum ETF was 65.15%, occurring on Mar 9, 2009. Recovery took 484 trading sessions.
The current Invesco DWA Basic Materials Momentum ETF drawdown is 2.68%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -65.15%Mar 2009 | 9mo 6d | 1y 11mo | 2y 8moJun 2008 - Feb 2011 |
COVID crash2020 | -52.46%Mar 2020 | 2y 2mo | 9mo 18d | 2y 11moJan 2018 - Jan 2021 |
2011 bear market2011 | -34.94%Oct 2011 | 5mo 4d | 1y 2mo | 1y 7moMay 2011 - Dec 2012 |
Bear market2022 | -32.97%Sep 2022 | 5mo 9d | 2y 9mo | 3y 2moApr 2022 - Jul 2025 |
2016 bear market2016 | -26.35%Feb 2016 | 1y 5mo | 5mo 1d | 1y 10moSep 2014 - Jul 2016 |
Drawdown Indicators
| PYZ | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.15% | -56.78% | -8.37% |
Max Drawdown (1Y)Largest decline over 1 year | -17.75% | -9.10% | -8.65% |
Max Drawdown (3Y)Largest decline over 3 years | -26.74% | -18.90% | -7.84% |
Max Drawdown (5Y)Largest decline over 5 years | -32.97% | -25.43% | -7.54% |
Max Drawdown (10Y)Largest decline over 10 years | -52.46% | -33.92% | -18.54% |
Current DrawdownCurrent decline from peak | -2.68% | -1.80% | -0.88% |
Average DrawdownAverage peak-to-trough decline | -12.61% | -10.71% | -1.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.43% | 2.03% | +3.40% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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