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Invesco DWA Basic Materials Momentum ETF (PYZ) Sharpe Ratio: 0.84

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

PYZ is a passive ETF by Invesco tracking the investment results of the Dorsey Wright Basic Materials Technical Leaders Index. PYZ launched on Oct 12, 2006 and has a 0.60% expense ratio.

PYZ's Sharpe Ratio of 0.84 indicates that for each unit of volatility, it generates 0.84 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.

PYZ Sharpe Ratio Rank

PYZ Sharpe Ratio Rank: 28.529
Below Average

PYZ ranks above 28.5% 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

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%): 0.74 or lower
  • Yellow zone (middle 50%): 0.74 to 1.90
  • Green zone (top 25%): 1.90 or higher
  • Top 1%: 6.58+
  • Median: 1.40 — 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 Jul 14, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
ULVMVictoryShares US Value Momentum ETF2.62
PTHInvesco DWA Healthcare Momentum ETF2.46
SPVMInvesco S&P 500 Value with Momentum ETF2.45
PIEInvesco DWA Emerging Markets Momentum ETF2.30
DVLUFirst Trust Dorsey Wright Momentum & Value ETF2.26
USVMVictoryShares US Small Mid Cap Value Momentum ETF2.09
QQQAProShares Nasdaq-100 Dorsey Wright Momentum ETF2.08
FMTMMarketDesk Focused U.S. Momentum ETF2.02
JMOMJPMorgan U.S. Momentum Factor ETF1.93
XMVMInvesco S&P MidCap Value with Momentum ETF1.92
PYZInvesco DWA Basic Materials Momentum ETF0.84

S&P 500 Index

How to choose period

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

How does PYZ fit in your portfolio?

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

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