PEZ
Invesco Dorsey Wright Consumer Cyclicals Momentum ETF
Invesco Dynamic Consumer Discretionary Sector Portfolio seeks investment results that correspond to the price and yield of the Dynamic Consumer Discretionary Sector Intellidex, which picks s
US
EQUITY
Rules-Based
MANAGEMENT STYLE
72.9 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) | $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 +
| CARVANA CO. CLASS A | 6.1 % |
| MODINE MANUFACTURING CO | 5.6 % |
| ROYAL CARIBBEAN CRUISES LTD | 5.4 % |
| AMAZON.COM INC | 4.2 % |
| NETFLIX INC | 4.1 % |
| MURPHY USA, INC. | 3.9 % |
| TOLL BROTHERS INC | 3.6 % |
| CAVA GROUP INC | 3.5 % |
| DOORDASH, INC. CLASS A | 3.1 % |
| TEXAS ROADHOUSE INC | 2.9 % |
Constituent Breakdown
| Number of holdings | 39 |
| Herfindahl-Hirschman Index | 311 |
| Wgt avg mkt cap (mns) | $111,643 |
| Large cap (>$10bn) | 53.1% |
| Mid cap ($2-10bn) | 41.8% |
| Small cap (<$2bn) | 5.1% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 96.6 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 35.9% | 56.3% | 28.6% | 6.1% | 16.1% | 10.2% | 9.0% | Volatility | 21.9% | 22.6% | 21.3% | 24.7% | 29.6% | 24.3% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.21 | 68% |
| MSCI EAFE | 1.15 | 61% |
| MSCI Emg Mkts | 0.87 | 35% |
Liquidity Measures
| Avg. volume (000) | 4 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.27% |
| ADV of underlying (mns) | $12,287 |
Technical Indicators
| Recent close | $101.16 |
| 30d moving avg. | $109.31 |
| Annualized volatility | 25.7% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 0.3% |
| Short interest (underlying) | 9.2% |
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. PEZ |
Expenses vs. PEZ |
ALTAR Score™ vs. PEZ |
|---|---|---|---|---|
| XHB | SPDR S&P Homebuilders ETF | 27.6% | -25 bp | +4.3% |
| ITB | iShares U.S. Home Construction ETF | 23.5% | -20 bp | +5.3% |
| PEJ | Invesco Leisure and Entertainment ETF | 18.5% | -2 bp | -5.9% |
| ECML | Euclidean Fundamental Value ETF | 18.4% | +35 bp | +6.7% |
| HOMZ | Hoya Capital Housing ETF | 16.9% | -30 bp | +0.7% |
| DVLU | First Trust Dorsey Wright Momentum & Value ETF | 16.1% | 0 bp | +2.7% |
| PSCD | Invesco S&P SmallCap Consumer Discretionary ETF | 15.7% | -31 bp | +3.8% |
| IYC | iShares U.S. Consumer Discretionary ETF | 15.6% | -20 bp | -3.6% |
| FDIS | Fidelity MSCI Consumer Discretionary Index ETF | 15.5% | -52 bp | -2.6% |
| RSPD | Invesco S&P 500 Equal Weight Consumer Discretionary ETF | 14.8% | -20 bp | -3.0% |
Risk and Returns: PEZ 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 12/24/2024
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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
PEZ
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
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.
ALTAR Score™
PEZ
6.8%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 976 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. PEZ's ALTAR Score™ is approximately
0.5 standard deviations
above
the category average. This places PEZ in the 69th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
PEZSELL
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 |
| PEZ (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) |
|
|---|---|---|---|
| PEZ | 60.0 | 26.9 | 86.9 |
| Peer Avg. | 44.0 | 16.8 | 60.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .