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
62.6 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) | $63 |
| 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 +
| VIPER ENERGY INC | 9.2 % |
| TEXAS PACIFIC LAND CORPORATION | 8.7 % |
| TARGA RESOURCES CORP | 7.4 % |
| WEATHERFORD INTERNATIONAL PL | 5.3 % |
| DIAMONDBACK ENERGY INC | 3.4 % |
| ALPHA METALLURGICAL RESOURCES, INC. | 3.3 % |
| MARATHON PETROLEUM | 3.1 % |
| WILLIAMS COS INC | 3.1 % |
| PERMIAN RESOURCES CORPORATION CLASS A | 2.9 % |
| KINDER MORGAN INC | 2.8 % |
Constituent Breakdown
| Number of holdings | 37 |
| Herfindahl-Hirschman Index | 414 |
| Wgt avg mkt cap (mns) | $40,342 |
| Large cap (>$10bn) | 53.9% |
| Mid cap ($2-10bn) | 40.4% |
| Small cap (<$2bn) | 5.7% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 84.2 % |
 |
SWITZERLAND | 6.8 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 13.9% | 17.5% | 4.6% | 20.8% | 17.1% | 2.7% | 4.8% | Volatility | 21.8% | 22.7% | 27.4% | 34.8% | 44.2% | 38.0% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.88 | 25% |
| MSCI EAFE | 0.70 | 15% |
| MSCI Emg Mkts | 0.33 | 4% |
Liquidity Measures
| Avg. volume (000) | 5 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.14% |
| ADV of underlying (mns) | $7,663 |
Technical Indicators
| Recent close | $43.11 |
| 30d moving avg. | $48.70 |
| Annualized volatility | 30.9% |
| 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)
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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 | 43.5% | 0 bp | +2.2% |
| RSPG | Invesco S&P 500 Equal Weight Energy ETF | 38.8% | -20 bp | +0.6% |
| XOP | SPDR S&P Oil & Gas Exploration & Production ETF | 38.1% | -25 bp | +3.7% |
| FXN | First Trust Energy AlphaDEX Fund | 36.9% | +2 bp | +2.8% |
| VDE | Vanguard Energy ETF | 35.5% | -50 bp | +0.2% |
| FENY | Fidelity MSCI Energy Index ETF | 34.2% | -52 bp | +0.4% |
| IYE | iShares U.S. Energy ETF | 34.0% | -20 bp | +0.1% |
| XLE | Energy Select Sector SPDR Fund | 33.1% | -51 bp | +0.9% |
| IGE | iShares North American Natural Resources ETF | 28.7% | -19 bp | +0.0% |
| DRLL | Strive U.S. Energy ETF | 28.2% | -19 bp | +1.1% |
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 12/20/2024
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
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™
PXI
7.0%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. PXI's ALTAR Score™ is approximately
0.5 standard deviations
above
the category average. This places PXI in the 70th 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 | 66 |
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. | 44.0 | 16.8 | 60.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .