ATLASInvesco Dorsey Wright Developed Markets Momentum ETF (PIZ): outlook, holdings and fees
Invesco Dorsey Wright Developed Markets Momentum ETF (PIZ) is an exchange-traded fund and is managed by Invesco. The expense ratio is 0.78% and the yield is 1.76%. The ten largest holdings are 25% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on PIZ
| Last price | $49.01 (+0.6%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 52% |
| Likely 1-month range (50%) | $47.22 – $51.22 |
| Normal 1-day range (±1σ) | ±1.4% |
| Distribution yield | 1.76% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
PIZ fund facts
| Issuer | Invesco |
|---|---|
| Theme | International developed |
| Assets under management | $629M |
| Expense ratio | 0.78% |
| Number of holdings | 49 |
| Portfolio turnover | 0% |
| Inception | Dec 28, 2007 |
| Exchange | NASDAQ |
The fund will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is comprised of equity securities of large capitalization companies classified as developed markets, excluding the United States.
PIZ top holdings
| Holding | Sector | Weight |
|---|---|---|
| Bombardier Inc Series B BBD-B | Industrials | 2.90% |
| Royal Bank of Canada RY | Financial Services | 2.93% |
| Rolls-Royce Holdings PLC RR | Industrials | 2.82% |
| Investor AB ser. B INVE-B | Financial Services | 2.54% |
| Lion Finance Group PLC BGEO | Financial Services | 2.50% |
| Swedbank AB (publ) SWED-A | Financial Services | 2.42% |
| National Bank of Greece S.A ETE | Financial Services | 2.29% |
| Advantest Corp. 6857 | Technology | 2.13% |
| OVERSEA-CHINESE BANKING CORP O39 | Financial Services | 2.16% |
| YANGZIJIANG SHIPBLDG HLDGS LTD BS6 | Industrials | 2.03% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
PIZ sector breakdown
| Sector | Weight |
|---|---|
| Financial Services | 59.2% |
| Industrials | 16.9% |
| Technology | 8.5% |
| Basic Materials | 7.5% |
| Energy | 2.9% |
| Consumer Cyclicals | 2.5% |
| Utilities | 1.7% |
| Healthcare | 0.6% |
By region: Europe Developed 47.5%, Japan 14.5%, North America 13.7%, United Kingdom 10.8%, Asia Developed 6.4%.
PIZ returns and risk
| Year to date | +5.0% |
|---|---|
| 1 year | +10.6% |
| 3 years (annualised) | +22.6% |
| 5 years (annualised) | +8.4% |
| 10 years (annualised) | +9.9% |
| Volatility (3 years) | 16.8% |
| Sharpe ratio (3 years) | 1.08 |
Past returns do not guarantee future results.
PIZ: frequently asked questions
What does PIZ invest in?
Invesco Dorsey Wright Developed Markets Momentum ETF invests in a portfolio of securities. Its largest holdings are Bombardier Inc Series B (2.9%), Royal Bank of Canada (2.9%), Rolls-Royce Holdings PLC (2.8%), Investor AB ser. B (2.5%), Lion Finance Group PLC (2.5%).
What is the PIZ expense ratio?
0.78% a year: about $78.00 for every $10,000 invested.
What is the PIZ dividend yield?
1.76%. ATLAS does not hold the exact distribution dates for ETFs.
Will PIZ go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 52%, with a likely range (50%) of $47.22 to $51.22 from $49.01 today. It is a probability, not a prediction.
How has PIZ performed?
Year to date +5.0%, one year +10.6%, three years +22.6% a year, five years +8.4% a year. Past returns do not guarantee future results.
Similar ETFs: International developed
- Vanguard FTSE Developed Markets ETF (VEA)
- iShares Core MSCI EAFE ETF (IEFA)
- Vanguard Total International Stock ETF (VXUS)
- iShares MSCI EAFE ETF (EFA)
- Vanguard FTSE All-World ex-US Index Fund ETF Shares (VEU)
- Schwab International Equity ETF (SCHF)
- iShares Core MSCI Total International Stock ETF (IXUS)
- State Street SPDR Portfolio Developed World ex-US ETF (SPDW)
Educational information, not investment advice. Disclaimer