PEJ
Invesco Leisure and Entertainment ETF
The Invesco Dynamic Leisure and Entertainment ETF tracks a multifactor, tiered equal-weighted index of U.S. entertainment and leisure industry stocks.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
315.7 M
ASSETS UNDER MGMT
58 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 23, 2005 |
| Assets (mns) | $316 |
| Expense ratio | 58 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| SYSCO CORP | 5.6 % |
| DOORDASH, INC. CLASS A | 5.5 % |
| HILTON WORLDWIDE HOLDINGS, INC. | 4.8 % |
| ROYAL CARIBBEAN CRUISES LTD | 4.7 % |
| WARNER BROS. DISCOVERY, INC. SERIES A | 4.4 % |
| CARNIVAL CORP | 4.4 % |
| UNITED CONTINENTAL HOLDINGS | 4.0 % |
| DELTA AIR LINES INC | 3.9 % |
| SPORTRADAR GROUP AG | 3.7 % |
| LIFE TIME GROUP HOLDINGS INC | 3.2 % |
Constituent Breakdown
| Number of holdings | 28 |
| Herfindahl-Hirschman Index | 360 |
| Wgt avg mkt cap (mns) | $19,678 |
| Large cap (>$10bn) | 56.7% |
| Mid cap ($2-10bn) | 31.8% |
| Small cap (<$2bn) | 8.4% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 82.3 % |
 |
SINGAPORE | 2.9 % |
Historical Performance
Standardized Performance (as of 03/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 4.7% | 23.4% | 16.3% | 4.2% | 8.5% | 3.7% | -- | 6.8% |
| Dividend Yield | -11.5% | -18.0% | -6.6% | -3.9% | 6.9% | -0.7% | -- | 0.2% |
| Total Returns | -6.8% | 5.4% | 9.7% | 0.3% | 15.4% | 3.0% | -- | 7.1% | Ann. Volatility | 16.7% | 17.0% | 17.6% | 22.0% | 30.2% | 24.1% | -- | 24.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.25 | 84% |
| MSCI EAFE | 1.02 | 55% |
| MSCI Emg Mkts | 0.75 | 29% |
Liquidity Measures
| Avg. volume (000) | 119 |
| Turnover | 1.8% |
| Avg. Bid/Ask (% of price) | 0.07% |
| ADV of underlying (mns) | $2,706 |
Technical Indicators
| Recent close | $47.67 |
| 30d moving avg. | $47.91 |
| Annualized volatility | 23.9% |
| Relative strength (RSI) | 44 |
| Short interest (ETF) | 0.9% |
| Short interest (underlying) | 10.2% |
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. PEJ |
Expenses vs. PEJ |
ALTAR Score™ vs. PEJ |
|---|---|---|---|---|
| CRUZ | Defiance Hotel Airline and Cruise ETF | 25.8% | -13 bp | +2.1% |
| EATZ | AdvisorShares Restaurant ETF | 20.0% | +43 bp | +4.8% |
| PBJ | Invesco Food & Beverage ETF | 18.9% | -1 bp | +3.6% |
| BEDZ | AdvisorShares Hotel ETF | 18.9% | +42 bp | +1.5% |
| PEZ | Invesco Dorsey Wright Consumer Cyclicals Momentum ETF | 16.7% | +2 bp | +0.8% |
| RPG | Invesco S&P 500 Pure Growth ETF | 14.7% | -23 bp | +2.6% |
| TOGA | Tremblant Global ETF | 14.4% | +11 bp | +1.3% |
| RSPD | Invesco S&P 500 Equal Weight Consumer Discretionary ETF | 13.8% | -18 bp | +4.9% |
| FXD | First Trust Consumer Discretionary AlphaDEX Fund | 12.3% | +3 bp | +7.2% |
| JETS | U.S. Global Jets ETF | 10.0% | +2 bp | +3.3% |
Risk and Returns: PEJ 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025E | 2026E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2024 | 2025E | Fwd Est | 2026E | |
| 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 4/23/2025
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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
PEJ
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™
PEJ
1.3%
Cat. Avg
6.1%
ALTAR Score™ Calculation
Category Overview
There are 960 funds in the US Equity category, with an average ALTAR Score™
of 6.1% and a standard deviation of
3.0%. PEJ's ALTAR Score™ is approximately
1.6 standard deviations
below
the category average. This places PEJ in the 5th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
PEJSELL
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 |
| PEJ (58 bp) Percentile rank | 64 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| PEJ | 58.0 | 6.9 | 64.9 |
| Peer Avg. | 43.7 | 16.2 | 59.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .