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.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
71.8 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) | $72 |
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 +
FRANK'S INTERNATIONAL NV | 14.6 % |
VIPER ENERGY INC | 8.0 % |
TARGA RESOURCES CORP | 6.3 % |
WILLIAMS COS INC | 4.6 % |
WEATHERFORD INTERNATIONAL PL | 4.4 % |
TIDEWATER INC | 3.8 % |
DIAMONDBACK ENERGY INC | 3.7 % |
MARATHON PETROLEUM | 3.4 % |
PERMIAN RESOURCES CORPORATION CLASS A | 3.3 % |
ARCHROCK INC. | 3.0 % |
Constituent Breakdown
Number of holdings | 43 |
Herfindahl-Hirschman Index | 560 |
Wgt avg mkt cap (mns) | $43,980 |
Large cap (>$10bn) | 47.1% |
Mid cap ($2-10bn) | 44.0% |
Small cap (<$2bn) | 9.0% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 88.5 % | |
NETHERLANDS | 14.6 % | |
SWITZERLAND | 7.1 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | -2.4% | -4.9% | 7.4% | 14.4% | 13.0% | -1.2% | 4.0% | Volatility | 19.9% | 22.4% | 34.1% | 37.5% | 44.4% | 38.0% | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.87 | 25% |
MSCI EAFE | 0.79 | 20% |
MSCI Emg Mkts | 0.49 | 7% |
Liquidity Measures
Avg. volume (000) | 8 |
Turnover | 0.5% |
Avg. Bid/Ask (% of price) | 0.14% |
ADV of underlying (mns) | $5,528 |
Technical Indicators
Recent close | $45.89 |
30d moving avg. | $42.86 |
Annualized volatility | 31.1% |
Relative strength (RSI) | 48 |
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 | 42.6% | -25 bp | +3.6% |
FTXN | First Trust Nasdaq Oil & Gas ETF | 41.1% | 0 bp | +1.8% |
RSPG | Invesco S&P 500 Equal Weight Energy ETF | 38.3% | -20 bp | +1.9% |
FXN | First Trust Energy AlphaDEX Fund | 36.6% | +2 bp | 0.0% |
XES | SPDR S&P Oil & Gas Equipment & Services ETF | 36.6% | -25 bp | -6.3% |
FENY | Fidelity MSCI Energy Index ETF | 33.5% | -52 bp | +0.9% |
VDE | Vanguard Energy ETF | 33.1% | -50 bp | +0.8% |
XLE | Energy Select Sector SPDR Fund | 32.6% | -51 bp | +1.3% |
PXE | Invesco Energy Exploration & Production ETF | 30.9% | 0 bp | +7.3% |
IYE | iShares U.S. Energy ETF | 30.8% | -20 bp | +0.8% |
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 10/4/2024
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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 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™
PXI
6.1%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 936 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.4%. PXI's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places PXI in the 59th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
PXISELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Rules-Based US Equity ETFs |
# of ETFs | 609 |
Avg. Expense Ratio | 46.6 bp |
Std. Deviation | 32.9 bp |
PXI (60 bp) Percentile rank | 66 |
Peer Group Expense Ratio Distribution
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. | 47.1 | 17.5 | 64.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .