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
$ 747.2 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 +
| SK SQUARE CO., LTD. | 4.6 % |
| ABB LTD. | 3.2 % |
| FUJIKURA LTD | 3.1 % |
| CONSTELLATION SOFTWARE INC | 3.0 % |
| TOROMONT INDUSTRIES LTD | 2.9 % |
| BOMBARDIER INC. CLASS B | 2.7 % |
| FURUKAWA ELECTRIC CO LTD | 2.6 % |
| SIEMENS ENERGY AG | 2.3 % |
| FLUGHAFEN ZURICH AG | 2.3 % |
| ROYAL BANK OF CANADA | 2.2 % |
Constituent Breakdown
| Number of holdings | 118 |
| Herfindahl-Hirschman Index | 133 |
| Wgt avg mkt cap (mns) | $45,462 |
| Large cap (>$10bn) | 75.6% |
| Mid cap ($2-10bn) | 16.6% |
| Small cap (<$2bn) | 0.3% |
| Developed mkts. | 78.3% |
| Emerging mkts. | 16.5% |
Sector Breakdown
Country Exposure
 |
JAPAN | 16.9 % |
 |
SOUTH KOREA | 15.6 % |
 |
CANADA | 12.3 % |
 |
SWITZERLAND | 7.2 % |
 |
ISRAEL | 7.1 % |
 |
BRITAIN | 6.4 % |
 |
ITALY | 4.9 % |
 |
SPAIN | 4.3 % |
 |
GERMANY | 3.8 % |
 |
SWEDEN | 3.3 % |
Historical Performance
Standardized Performance (as of 06/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 14.1% | 21.7% | 25.1% | 22.4% | 8.2% | 9.4% | -- | 4.4% |
| Dividend Yield | 1.3% | 1.9% | 2.3% | 2.1% | 2.0% | 1.7% | -- | 1.7% |
| Total Returns | 15.4% | 23.6% | 27.4% | 24.5% | 10.2% | 11.1% | -- | 6.1% | Ann. Volatility | 29.2% | 22.6% | 21.7% | 19.4% | 20.4% | 19.6% | -- | 22.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.36 | 57% |
| MSCI EAFE | 1.25 | 75% |
| MSCI Emg Mkts | 0.85 | 74% |
Liquidity Measures
| Avg. volume (000) | 87 |
| ADV traded (mns) | $5 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.70% |
Technical Indicators
| 30d moving avg. (EMA) | $55.60 |
| Relative strength (RSI) | 49 |
| MACD/Signal | -0.11/-0.03 |
| Bollinger Bands (Upper/Lower) | $57.94/$52.56 |
| 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 |
|---|---|---|---|---|
| JIVE | JPMorgan International Value ETF | 21.9% | -25 bp | +4.5% |
| IDMO | Invesco S&P International Developed Momentum ETF | 19.1% | -55 bp | +1.6% |
| IMTM | iShares MSCI Intl Momentum Factor ETF | 17.7% | -50 bp | +0.9% |
| FDT | First Trust Developed Markets ex-US AlphaDEX Fund | 15.5% | 0 bp | +3.4% |
| FENI | Fidelity Enhanced International ETF | 14.3% | -52 bp | +1.8% |
| INTF | iShares International Equity Factor ETF | 13.7% | -65 bp | +2.7% |
| DWMF | WisdomTree International Multifactor Fund | 13.5% | -42 bp | +4.0% |
| GSIE | Goldman Sachs ActiveBeta International Equity ETF | 12.5% | -55 bp | +2.2% |
| FPA | First Trust Asia Pacific ex-Japan AlphaDEX Fund | 12.5% | 0 bp | +3.7% |
| HFXI | IQ FTSE International Equity Currency Neutral ETF | 12.5% | -60 bp | +1.5% |
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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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 7/5/2026
Peer Group Comparison
Sample data. Subscribe for access.
Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Rating
4.5%
ALTAR SCORE™
14th
PERCENTILE
AVOID
ETFRC RATING
There are 417 funds in the International Equity category with an average
ALTAR Score™ of 6.4% and a standard deviation
of 1.8%. PIZ's ALTAR Score™ is approximately -1.1 standard
deviations above the category average. This places PIZ in the 14th percentile
among funds in the category.
Sell-Side Consensus
$66.36
PRICE TARGET
+21.4%
UPSIDE