PFI
Invesco Dorsey Wright Financial Momentum ETF
The Invesco DWA Financial Momentum Portfolio tracks an index of U.S. financial firms selected and weighted by price momentum.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
58.0 M
ASSETS UNDER MGMT
60 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 12, 2006 |
| Assets (mns) | $58 |
| Expense ratio | 60 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Momentum |
| Weighting | Momentum |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ROBINHOOD MARKETS, INC. CLASS A | 6.0 % |
| MASTERCARD INCORPORATED CLASS A | 5.1 % |
| JPMORGAN CHASE & CO | 4.1 % |
| ARES MANAGEMENT LP | 3.5 % |
| BLACKSTONE GROUP LP/THE | 3.4 % |
| KKR & CO LP | 3.4 % |
| INTERACTIVE BROKERS GRO-CL A | 3.3 % |
| EVERCORE PARTNERS INC-CL A | 3.2 % |
| AMERICAN EXPRESS CO | 3.1 % |
| SOFI TECHNOLOGIES INC | 2.9 % |
Constituent Breakdown
| Number of holdings | 38 |
| Herfindahl-Hirschman Index | 282 |
| Wgt avg mkt cap (mns) | $123,881 |
| Large cap (>$10bn) | 68.9% |
| Mid cap ($2-10bn) | 18.9% |
| Small cap (<$2bn) | 6.0% |
| Developed mkts. | 95.1% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 95.1 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -0.9% | 1.7% | 19.5% | 9.7% | 9.6% | 6.2% | -- | 4.3% |
| Dividend Yield | 0.1% | 1.6% | 2.3% | 2.0% | 1.9% | 1.7% | -- | 1.5% |
| Total Returns | -0.8% | 3.3% | 21.8% | 11.6% | 11.5% | 7.9% | -- | 5.9% | Ann. Volatility | 24.6% | 25.3% | 21.6% | 20.5% | 22.3% | 22.1% | -- | 23.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.16 | 58% |
| MSCI EAFE | 0.66 | 25% |
| MSCI Emg Mkts | 0.42 | 12% |
Liquidity Measures
| Avg. volume (000) | 3 |
| ADV traded (mns) | $0 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.38% |
Technical Indicators
| Recent close | $54.14 |
| 30d moving avg. | $56.60 |
| Annualized volatility | 19.7% |
| Relative strength (RSI) | 46 |
| Short interest | 0.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| IYG | iShares US Financial Services ETF | 31.7% | -20 bp | +5.7% |
| FNCL | Fidelity MSCI Financials Index ETF | 29.2% | -52 bp | +6.8% |
| VFH | Vanguard Financials ETF | 28.9% | -51 bp | +6.8% |
| XLF | The Financial Select Sector SPDR Fund | 28.6% | -52 bp | +6.1% |
| KCE | State Street SPDR S&P Capital Markets ETF | 26.8% | -25 bp | +6.7% |
| IYF | iShares U.S. Financials ETF | 21.9% | -20 bp | +6.2% |
| DDIV | First Trust Dorsey Wright Momentum & Dividend ETF | 20.4% | 0 bp | +6.1% |
| IXG | iShares Global Financials ETF | 20.2% | -18 bp | +6.8% |
| RSPF | Invesco S&P 500 Equal Weight Financials ETF | 20.1% | -20 bp | +7.0% |
| IAI | iShares U.S. Broker-Dealers & Securities Exchanges ETF | 19.7% | -20 bp | +4.6% |
Risk and Returns: PFI vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 | --% |
Based on closing prices from 11/22/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
PFI
5.3%
Cat. Avg
5.8%
ALTAR Score™ Calculation
Category Overview
There are 1004 funds in the US Equity category, with an average ALTAR Score™
of 5.8% and a standard deviation of
2.3%. PFI's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places PFI in the 41st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
PFISELL
U/W
HOLD
O/W
BUY