Invesco DWA Basic Materials Momentum ETF (PYZ) Sharpe Ratio: 1.43

PYZ's Sharpe Ratio of 1.43 indicates that for each unit of volatility, it generates 1.43 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 24, 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.

PYZ Sharpe Ratio Rank

Average

PYZ ranks above 43.2% of all investments in our database based on Sharpe Ratio over the past 12 months, showing balanced returns relative to total risk taken. 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 are proportional to volatility—neither strong nor weak
Evaluate whether the volatility profile aligns with your risk tolerance
Review higher-ranked alternatives in the same category
Monitor rank direction to identify improving or deteriorating trends

PYZ Sharpe Ratio Market Positioning

The chart shows PYZ'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%): 0.83 or lower
Yellow zone (middle 50%): 0.83 to 2.16
Green zone (top 25%): 2.16 or higher
Top 1%: 7.01+
Median: 1.57 — half of all investments score higher

How it compares to other similar ETFs

The table compares Invesco DWA Basic Materials Momentum ETF's Sharpe Ratio with other ETFs in the Momentum, Materials category across multiple time periods, showing how PYZ'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 Jun 24, 2026.

Symbol	Name	1Y Sharpe Ratio
QQQA	ProShares Nasdaq-100 Dorsey Wright Momentum ETF	2.86
ULVM	VictoryShares US Value Momentum ETF	2.65
PIE	Invesco DWA Emerging Markets Momentum ETF	2.62
FMTM	MarketDesk Focused U.S. Momentum ETF	2.53
SPVM	Invesco S&P 500 Value with Momentum ETF	2.51
SLX	VanEck Vectors Steel ETF	2.43
PTF	Invesco Dorsey Wright Technology Momentum ETF	2.34
PICK	iShares MSCI Global Metals & Mining Producers ETF	2.31
DVLU	First Trust Dorsey Wright Momentum & Value ETF	2.22
PSCM	Invesco S&P SmallCap Materials ETF	2.22
PYZ	Invesco DWA Basic Materials Momentum ETF	1.43

Benchmark Against

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S&P 500 Index

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Historical Sharpe Ratio

The chart shows PYZ'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 PYZ consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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