PXI
Invesco Dorsey Wright Energy Momentum ETF
The Invesco DWA Energy Momentum Portfolio tracks an index of U.S. energy firms selected and weighted by price momentum.
Fund Basics
| Fund sponsor | Invesco PowerShares |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 12, 2006 |
| Assets (mns) | $73 |
| 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 +
| WEATHERFORD INTERNATIONAL PL | 4.4 % |
| DIAMONDBACK ENERGY INC | 3.9 % |
| CHENIERE ENERGY INC | 3.8 % |
| TARGA RESOURCES CORP | 3.8 % |
| ALPHA METALLURGICAL RESOURCES, INC. | 3.7 % |
| CHORD ENERGY CORPORATION | 3.7 % |
| PBF ENERGY INC-CLASS A | 3.5 % |
| MARATHON PETROLEUM | 3.3 % |
| MURPHY OIL CORP | 3.3 % |
| PERMIAN RESOURCES CORPORATION CLASS A | 3.1 % |
Constituent Breakdown
| Number of holdings | 34 |
| Herfindahl-Hirschman Index | 353 |
| Wgt avg mkt cap (mns) | $32,038 |
| Large cap (>$10bn) | 24.0% |
| Mid cap ($2-10bn) | 67.1% |
| Small cap (<$2bn) | 8.9% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 83.9 % |
 |
SWITZERLAND | 6.5 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 9.7% | 25.3% | 10.1% | 28.2% | 11.2% | 0.0% | 4.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.71 | 13% |
| MSCI EAFE | 0.72 | 13% |
| MSCI Emg Mkts | 0.55 | 8% |
Liquidity Measures
| Avg. volume (000) | 6 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.14% |
| ADV of underlying (mns) | $6,338 |
Technical Indicators
| Recent close | $48.10 |
| 30d moving avg. | $42.77 |
| Annualized volatility | 34.9% |
| Relative strength (RSI) | 47 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 6.5% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. PXI |
Expenses vs. PXI |
ALTAR Score™ vs. PXI |
|---|---|---|---|---|
| XOP | SPDR S&P Oil & Gas Exploration & Production ETF | 50.9% | -25 bp | +2.9% |
| FTXN | First Trust Nasdaq Oil & Gas ETF | 41.3% | 0 bp | -0.1% |
| PXE | Invesco Energy Exploration & Production ETF | 39.0% | 0 bp | +4.1% |
| FXN | First Trust Energy AlphaDEX Fund | 33.1% | +2 bp | -3.9% |
| IEO | iShares U.S. Oil & Gas Exploration & Production ETF | 32.2% | -20 bp | +1.6% |
| RSPG | Invesco S&P 500 Equal Weight Energy ETF | 32.1% | -20 bp | -0.1% |
| VDE | Vanguard Energy ETF | 31.0% | -50 bp | -0.5% |
| FENY | Fidelity MSCI Energy Index ETF | 30.6% | -52 bp | -0.4% |
| DRLL | Strive U.S. Energy ETF | 29.9% | -19 bp | -0.8% |
| FCG | First Trust Natural Gas ETF | 29.1% | 0 bp | +2.1% |
Risk and Returns: PXI 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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
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 | --% |
Based on closing prices from 4/18/2024
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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
PXI
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
PXI
7.5%
Cat. Avg
5.9%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 7.5% |
Recommendation
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
Category Overview
There are 886 funds in the US Equities category, with an average ALTAR Score™
of 5.9% and a standard deviation of
2.7%. PXI's ALTAR Score™ is approximately
0.6 standard deviations
above
the category average. This places PXI in the 72nd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
PXI
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| PXI | 60.0 | 13.5 | 73.5 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .