PIZ Invesco Dorsey Wright Developed Markets Momentum ETF

About this ETF

The Invesco Dorsey Wright Developed Markets Momentum ETF (PIZ) aims to replicate the performance of the Dorsey Wright Developed Markets Technical Leaders Index. The Fund typically allocates a minimum of 90% of its assets to securities from developed nations, as defined by Dorsey Wright & Associates, along with American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) that represent Index holdings. The underlying Index comprises roughly 100 companies selected from the Nasdaq Developed Markets Ex United States Index, all demonstrating robust relative strength characteristics. These companies are domiciled in various developed markets globally, including but not limited to Australia, Canada, Finland, France, Germany, Hong Kong, Italy, Japan, Norway, Portugal, Singapore, Spain, and Switzerland. Notably, the Index specifically excludes US-based companies listed on American stock exchanges. The Index's calculation accounts for net returns, deducting applicable taxes for non-resident investors. Both the Fund and the Index are subject to quarterly rebalancing and reconstitution. It's important to note that, as of the market close on August 25, 2023, the Fund's designation transitioned from Invesco DWA Developed Markets Momentum ETF to its current name, Invesco Dorsey Wright Developed Markets Momentum ETF, without any other alterations to the Fund's characteristics. As of August 31, 2025, the Fund has earned an impressive 5-star overall rating from Morningstar Inc. out of 372 funds. Its performance over the 3- and 5-year periods also garnered 5 stars (out of 372 and 337 funds, respectively), while it received 4 stars for the 10-year period (out of 223 funds). Morningstar's ratings are based on a risk-adjusted return metric that considers monthly performance fluctuations, emphasizing downside variations and rewarding consistency. For comparison, open-end mutual funds and exchange-traded funds are evaluated collectively, with a minimum three-year history required for a rating. The overall rating is a weighted average of the three-, five-, and ten-year metrics, where applicable, incorporating fees and expenses but excluding sales charges. Morningstar's information is proprietary and should not be copied or distributed; its accuracy, completeness, or timeliness is not guaranteed, nor is Morningstar liable for any damages arising from its use. Past performance is not indicative of future results. The top 10% of funds in a category receive five stars, the next 22.5% four stars, the subsequent 35% three stars, the following 22.5% two stars, and the bottom 10% one star. Ratings are subject to change monthly, and any fee waivers or expense reimbursements could have potentially resulted in lower Morningstar ratings had they not been applied. Ratings for other share classes may differ due to varying performance attributes.

Description from the fund data provider · profile as of Aug 27, 2026.

Price Chart

Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.

Performance

* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Aug 25, 2026. Past performance does not guarantee future results.

Fees

Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.

Holdings

Holdings as of Aug 25, 2026 — portfolio reporting date from the data provider; holdings are not live positions. 112 rows in database.

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Sector Exposure

Geographic Exposure

Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.

Distributions

Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →

Risk Statistics

Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Aug 26, 2026. Formulas →

Liquidity

Premium/discount compares the delayed market price with the last reported NAV — an indicative figure, not the official closing premium/discount. How ETF liquidity works →

Fund Flows (estimated)

ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.

Official Fund Resources

External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source — review them before investing.

Latest News for PIZ

No articles mention this fund directly in the last 7 days — showing general ETF coverage.