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
74.6 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) | $75 |
| 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 +
| TEXAS PACIFIC LAND CORPORATION | 9.4 % |
| VIPER ENERGY INC | 8.2 % |
| TARGA RESOURCES CORP | 7.5 % |
| WEATHERFORD INTERNATIONAL PL | 5.3 % |
| DIAMONDBACK ENERGY INC | 3.5 % |
| ALPHA METALLURGICAL RESOURCES, INC. | 3.3 % |
| MARATHON PETROLEUM | 3.3 % |
| WILLIAMS COS INC | 3.1 % |
| PERMIAN RESOURCES CORPORATION CLASS A | 2.8 % |
| KINDER MORGAN INC | 2.7 % |
Constituent Breakdown
| Number of holdings | 37 |
| Herfindahl-Hirschman Index | 395 |
| Wgt avg mkt cap (mns) | $40,165 |
| Large cap (>$10bn) | 41.9% |
| Mid cap ($2-10bn) | 52.8% |
| Small cap (<$2bn) | 5.3% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 85.0 % |
 |
SWITZERLAND | 6.9 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -0.3% | 3.4% | -2.0% | 12.3% | 13.7% | -0.2% | 4.1% | Volatility | 21.8% | 22.7% | 27.4% | 34.8% | 44.2% | 38.0% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.85 | 23% |
| MSCI EAFE | 0.74 | 18% |
| MSCI Emg Mkts | 0.41 | 6% |
Liquidity Measures
| Avg. volume (000) | 3 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.14% |
| ADV of underlying (mns) | $7,105 |
Technical Indicators
| Recent close | $50.64 |
| 30d moving avg. | $44.45 |
| Annualized volatility | 30.6% |
| 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)
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. PXI |
Expenses vs. PXI |
ALTAR Score™ vs. PXI |
|---|---|---|---|---|
| FTXN | First Trust Nasdaq Oil & Gas ETF | 43.9% | 0 bp | +2.0% |
| XOP | SPDR S&P Oil & Gas Exploration & Production ETF | 38.9% | -25 bp | +3.3% |
| FXN | First Trust Energy AlphaDEX Fund | 37.8% | +2 bp | +2.5% |
| RSPG | Invesco S&P 500 Equal Weight Energy ETF | 36.2% | -20 bp | +1.9% |
| VDE | Vanguard Energy ETF | 35.9% | -50 bp | +0.7% |
| FENY | Fidelity MSCI Energy Index ETF | 34.7% | -52 bp | +0.7% |
| IYE | iShares U.S. Energy ETF | 34.5% | -20 bp | +0.4% |
| XLE | Energy Select Sector SPDR Fund | 32.4% | -51 bp | +1.1% |
| IGE | iShares North American Natural Resources ETF | 29.3% | -19 bp | +0.4% |
| DRLL | Strive U.S. Energy ETF | 29.1% | -19 bp | +1.2% |
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 11/21/2024
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
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
5.7%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. PXI's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places PXI in the 56th 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 | 67 |
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. | 46.6 | 16.9 | 63.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .