PDP
Invesco Dorsey Wright Momentum ETF
Invesco DWA Technical Leaders Portfolio seeks investment results that correspond generally to an equity index called the Dorsey Wright Technical Leaders Index, which is constructed according to the firms proprietary methodology based on technical analysis.
US
EQUITY
Passive
MANAGEMENT STYLE
1.4 B
ASSETS UNDER MGMT
62 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 01, 2007 |
| Assets (mns) | $1,425 |
| Expense ratio | 62 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 +
| APPLOVIN CORP. CLASS A | 4.1 % |
| MASTERCARD INCORPORATED CLASS A | 2.8 % |
| TARGA RESOURCES CORP | 2.8 % |
| COPART INC | 2.8 % |
| APPLE INC | 2.8 % |
| AMPHENOL CORP-CL A | 2.6 % |
| TRANSDIGM GROUP INC | 2.2 % |
| ROPER TECHNOLOGIES, INC. | 2.2 % |
| FISERV, INC. | 2.2 % |
| WW GRAINGER INC | 2.1 % |
Constituent Breakdown
| Number of holdings | 99 |
| Herfindahl-Hirschman Index | 144 |
| Wgt avg mkt cap (mns) | $248,508 |
| Large cap (>$10bn) | 88.6% |
| Mid cap ($2-10bn) | 11.5% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 96.0 % |
 |
IRELAND | 2.3 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 21.2% | 41.0% | 18.2% | 2.3% | 11.4% | 10.2% | 8.9% | Volatility | 17.1% | 16.7% | 17.2% | 21.7% | 24.8% | 20.3% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.11 | 85% |
| MSCI EAFE | 0.92 | 60% |
| MSCI Emg Mkts | 0.63 | 28% |
Liquidity Measures
| Avg. volume (000) | 21 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.09% |
| ADV of underlying (mns) | $87,519 |
Technical Indicators
| Recent close | $115.75 |
| 30d moving avg. | $104.72 |
| Annualized volatility | 20.9% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 3.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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. PDP |
Expenses vs. PDP |
ALTAR Score™ vs. PDP |
|---|---|---|---|---|
| FCTR | First Trust Lunt U.S. Factor Rotation ETF | 40.3% | +3 bp | -0.5% |
| FTC | First Trust Large Cap Growth AlphaDEX Fund | 33.4% | -3 bp | -0.8% |
| PWB | Invesco Large Cap Growth ETF | 28.9% | -6 bp | +0.1% |
| JMOM | JPMorgan U.S. Momentum Factor ETF | 26.5% | -50 bp | +1.3% |
| SEIM | SEI Enhanced U.S. Large Cap Momentum Factor ETF | 24.5% | -47 bp | +0.9% |
| RPG | Invesco S&P 500 Pure Growth ETF | 23.4% | -27 bp | +0.2% |
| PRN | Invesco Dorsey Wright Industrials Momentum ETF | 23.2% | -2 bp | -0.4% |
| JOET | Virtus Terranova US Quality Momentum ETF | 22.5% | -33 bp | +1.5% |
| MTUM | iShares MSCI USA Momentum Factor ETF | 22.3% | -47 bp | +0.9% |
| JGRO | JPMorgan Active Growth ETF | 21.9% | -18 bp | +0.3% |
Risk and Returns: PDP 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 11/22/2024
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
PDP
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
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
PDP
3.1%
Cat. Avg
5.3%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.3% and a standard deviation of
2.4%. PDP's ALTAR Score™ is approximately
0.9 standard deviations
below
the category average. This places PDP in the 18th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
PDPSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive US Equity ETFs |
| # of ETFs | 192 |
| Avg. Expense Ratio | 31.0 bp |
| Std. Deviation | 25.7 bp |
| PDP (62 bp) Percentile rank | 89 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| PDP | 62.0 | 9.2 | 71.2 |
| Peer Avg. | 26.7 | 10.4 | 37.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .