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ETFs

Invesco Exchange-Traded Fund Trust II Invesco Dorsey Wright Developed Markets Momentum ETF

PIZ
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Dec 28, 2007
Expense Ratio
0.8%
Type
Global Ex. US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$331,447
AUM
$106,746,075
Associated Index
Dorsey Wright Developed Markets Technical Leaders Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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Invest with PIZ
Trade PIZ Options

What is PIZ?

The Invesco DWA Developed Markets Momentum ETF (Fund) is based on the Dorsey Wright Developed Markets Technical Leaders Index (DWA Developed Markets Technical Leaders Index). The Fund will normally invest at least 90% of its total assets in securities of developed economies within Dorsey Wright & Associates classification definition, as well as American depositary receipts (ADRs) and global depositary receipts (GDRs) based on securities in the Index. This Index includes approximately 100 companies from the NASDAQ Developed Markets Ex United States Index that possess powerful relative strength characteristics and are domiciled in developed markets including, but not limited to Australia, Canada, Finland, France, Germany, Hong Kong, Italy, Japan, Norway, Portugal, Singapore, Spain and Switzerland. The Index excludes US companies listed on a US stock exchange. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are rebalanced and reconstituted quarterly.

1M
3M
6M
YTD
1Y
3Y
Max
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PIZ
Performance Measures**

for the time period Dec 28, 2007 to Dec 4, 2025

Returns

1M Trailing Return: 0.1%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 4.4%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -60.6%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 22.6%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.33

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.08

The annualized return divided by the max drawdown for the selected time period.

ETFs related toPIZ

ETFs correlated to PIZ include SPDW, VEA, IDEV

PIZ
Invesco Capital Management LLC - Invesco Dorsey Wright Developed Markets Momentum ETF
SPDW
SSgA Active Trust - SPDR Portfolio Developed World ex-US ETF
VEA
Vanguard Group, Inc. - Vanguard FTSE Developed Markets ETF
IDEV
iShares Trust - iShares Core MSCI International Developed Markets ETF
DIHP
Dimensional ETF Trust - Dimensional International High Profitability ETF
SCHF
Schwab Strategic Trust - Schwab International Equity ETF
DFAI
Dimensional ETF Trust - Dimensional International Core Equity Market ETF
GSIE
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta International Equity ETF
IEFA
BlackRock Institutional Trust Company N.A. - iShares Core MSCI EAFE ETF
IQLT
BlackRock Institutional Trust Company N.A. - iShares MSCI Intl Quality Factor ETF
EFA
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toPIZ

Better than a CD

Category

Tactical asset allocation, volatility hedging, sector rotation, risk-on/risk-off, leveraged ETFs, bonds, gold, cash-like T-Bills

OOS Cumulative Return

0.44%

Create your own algorithmic trading strategy with PIZ using Composer

FAQ

PIZ is a Global Ex. US Equities ETF. The Invesco DWA Developed Markets Momentum ETF (Fund) is based on the Dorsey Wright Developed Markets Technical Leaders Index (DWA Developed Markets Technical Leaders Index). The Fund will normally invest at least 90% of its total assets in securities of developed economies within Dorsey Wright & Associates classification definition, as well as American depositary receipts (ADRs) and global depositary receipts (GDRs) based on securities in the Index. This Index includes approximately 100 companies from the NASDAQ Developed Markets Ex United States Index that possess powerful relative strength characteristics and are domiciled in developed markets including, but not limited to Australia, Canada, Finland, France, Germany, Hong Kong, Italy, Japan, Norway, Portugal, Singapore, Spain and Switzerland. The Index excludes US companies listed on a US stock exchange. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are rebalanced and reconstituted quarterly.

PIZ tracks the Dorsey Wright Developed Markets Technical Leaders Index.

No, PIZ is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, PIZ is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PIZ is -0.0257%. This is the percent change in the value of PIZ over the most recent 1-month period. The 3-month return on PIZ is -0.0247%. This is the percent change in the value of PIZ over the most recent 3-month period.

The standard deviation of PIZ for the past year is 0.1836%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to PIZ include PBW, IGF, and ARKK.

ETFs correlated to PIZ include SPDW, VEA, and IDEV.

ETFs that are inversely correlated to PIZ include EFZ, EPV, and SH.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.