PIZ
Invesco Dorsey Wright Developed Markets Momentum ETF
Invesco DWA Developed Markets Technical Leaders Portfolio seeks investment results that correspond to the price and yield of the Dorsey Wright Developed Markets Technical Leaders Index.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 529.3 M
ASSETS UNDER MGMT
80 bp
EXPENSES
Fund Basics
| Inception date | Dec 28, 2007 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TECHNOLOGY ONE LTD | 3.0 % |
| ASML HOLDING NV | 2.9 % |
| SAMSUNG TECHWIN CO LTD | 2.7 % |
| BELIMO HOLDING AG | 2.6 % |
| ABB LTD. | 2.5 % |
| HYUNDAI ELECTRIC & ENERGY SYSTEMS CO., L | 2.4 % |
| RHEINMETALL AG | 2.3 % |
| FLUGHAFEN ZURICH AG | 2.2 % |
| FUJIKURA LTD | 2.2 % |
| SAMPO OYJ CLASS A | 2.0 % |
Constituent Breakdown
| Number of holdings | 98 |
| Herfindahl-Hirschman Index | 133 |
| Wgt avg mkt cap (mns) | $45,462 |
| Large cap (>$10bn) | 68.6% |
| Mid cap ($2-10bn) | 24.7% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 84.1% |
| Emerging mkts. | 11.0% |
Sector Breakdown
Country Exposure
 |
SWITZERLAND | 13.9 % |
 |
CANADA | 13.5 % |
 |
SOUTH KOREA | 10.5 % |
 |
JAPAN | 7.4 % |
 |
AUSTRALIA | 7.2 % |
 |
BRITAIN | 5.6 % |
 |
GERMANY | 4.6 % |
 |
NETHERLANDS | 4.2 % |
 |
ITALY | 3.7 % |
 |
ISRAEL | 3.7 % |
Historical Performance
Standardized Performance (as of 03/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 1.1% | 30.0% | 19.9% | 18.2% | 7.8% | 7.9% | -- | 3.8% |
| Dividend Yield | 0.3% | 2.2% | 2.1% | 2.0% | 1.9% | 1.7% | -- | 1.7% |
| Total Returns | 1.4% | 32.2% | 22.0% | 20.2% | 9.8% | 9.6% | -- | 5.5% | Ann. Volatility | 26.1% | 21.5% | 19.3% | 17.6% | 19.4% | 19.3% | -- | 22.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.82 | 51% |
| MSCI EAFE | 1.11 | 82% |
| MSCI Emg Mkts | 0.88 | 67% |
Liquidity Measures
| Avg. volume (000) | 78 |
| ADV traded (mns) | $4 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.61% |
Technical Indicators
| 30d moving avg. (EMA) | $51.14 |
| Relative strength (RSI) | 58 |
| MACD/Signal | 0.43/-0.30 |
| Bollinger Bands (Upper/Lower) | $53.99/$46.26 |
| Short interest (% of AUM) | 0.3% |
Distributions
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. PIZ |
Expenses vs. PIZ |
ALTAR Score™ vs. PIZ |
|---|---|---|---|---|
| IMTM | iShares MSCI Intl Momentum Factor ETF | 21.1% | -50 bp | +1.0% |
| INTF | iShares International Equity Factor ETF | 17.0% | -65 bp | +2.8% |
| PABD | iShares Paris-Aligned Climate MSCI World ex USA ETF | 16.0% | -68 bp | +1.5% |
| IDMO | Invesco S&P International Developed Momentum ETF | 15.7% | -55 bp | +1.8% |
| JIVE | JPMorgan International Value ETF | 15.7% | -25 bp | +4.7% |
| STXI | Strive International Developed Markets ETF | 15.7% | -51 bp | +2.4% |
| IQLT | iShares MSCI Intl Quality Factor ETF | 15.3% | -50 bp | +1.7% |
| EFG | iShares MSCI EAFE Growth ETF | 15.0% | -44 bp | 0.0% |
| ESGD | iShares ESG Aware MSCI EAFE ETF | 14.7% | -60 bp | +2.0% |
| GSIE | Goldman Sachs ActiveBeta International Equity ETF | 14.2% | -55 bp | +2.3% |
Risk and Returns: PIZ 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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| 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 | 2025 | 2026 | 2027 | |
| 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 4/14/2026
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
4.3%
ALTAR SCORE™
11st
PERCENTILE
AVOID
ETFRC RATING
There are 345 funds in the International Equity category with an average
ALTAR Score™ of 6.2% and a standard deviation
of 1.5%. PIZ's ALTAR Score™ is approximately -1.2 standard
deviations above the category average. This places PIZ in the 11st percentile
among funds in the category.
Sell-Side Consensus
$63.23
PRICE TARGET
+15.3%
UPSIDE