PDP

Invesco Dorsey Wright Momentum ETF

Invesco DWA Technical Leaders Portfolio seeks investment results that correspond generally to an equity index called the Dorsey Wright Technical Leaders Index, which is constructed according to the firms proprietary methodology based on technical analysis.


US

EQUITY

Passive

MANAGEMENT STYLE

1.4 B

ASSETS UNDER MGMT

62 bp

EXPENSES
Fund Basics
Fund sponsorInvesco
CategoryUS
Asset classEquity
Websitelink...
Inception dateMar 01, 2007
Assets (mns)$1,433
Expense ratio62 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMomentum
WeightingMomentum
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
APPLOVIN CORP. CLASS A 4.5 %
COPART INC 3.0 %
TARGA RESOURCES CORP 2.8 %
APPLE INC 2.8 %
MASTERCARD INCORPORATED CLASS A 2.8 %
AMPHENOL CORP-CL A 2.5 %
FISERV, INC. 2.2 %
ROPER TECHNOLOGIES, INC. 2.2 %
TRANSDIGM GROUP INC 2.1 %
WW GRAINGER INC 2.1 %
Constituent Breakdown
Number of holdings99
Herfindahl-Hirschman Index 148
Wgt avg mkt cap (mns)$238,961
Large cap (>$10bn)91.1%
Mid cap ($2-10bn)8.9%
Small cap (<$2bn)0.0%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 96.6 %
IRELAND 2.2 %
Historical Performance


Standardized Performance (as of 11/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 36.6% 44.7% 23.6% 7.3% 13.3% 11.2% 9.5%
Volatility 17.1% 16.7% 17.2% 21.7% 24.8% 20.3% --
Market Correlations
versus...BetaR-squared
S&P 5001.1483%
MSCI EAFE0.9253%
MSCI Emg Mkts0.5921%
Liquidity Measures
Avg. volume (000)28
Turnover0.2%
Avg. Bid/Ask (% of price)0.09%
ADV of underlying (mns)$54,612
Technical Indicators
Recent close$116.05
30d moving avg.$104.72
Annualized volatility22.0%
Relative strength (RSI)52
Short interest (ETF)0.2%
Short interest (underlying)3.1%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: PDP vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
3.1 27.6 5.7 0.6% --
Based on closing prices from 12/2/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
PDP



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Rating

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.

ALTAR Score™

PDP

3.1%

Cat. Avg

5.3%


ALTAR Score™ Calculation

Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™ of 5.3% and a standard deviation of 2.4%. PDP's ALTAR Score™ is approximately 0.9 standard deviations below the category average. This places PDP in the 18th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

PDP
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Passive
US Equity ETFs
# of ETFs 192
Avg. Expense Ratio 31.0 bp
Std. Deviation 25.7 bp
PDP (62 bp) Percentile rank 89
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
PDP 62.0 9.2 71.2
Peer Avg. 26.9 10.4 37.3
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .