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Invesco Dorsey Wright Developed Markets Momentum ETF (PIZ)

Foreign Large Growth | Exchange Traded Fund | NasdaqGM
50.13 USD -0.93 (-1.821%) ⇩ (Oct. 14, 2026, 4 p.m. EDT)

Short-term:★★⯪☆☆Long-term:★★★⯪☆Dividends:★★⯪☆☆
Hot Take ↕ | Oct. 10, 2026, 5:36 a.m. EDT

The most critical observation is the disconnect between the fund's strong multi-year performance and its current technical weakness. While the underlying business quality is robust—driven by nearly a century of compounded growth and a recent year of double-digit gains—the price action over the last two months shows a distinct failure to maintain momentum, trading significantly below both its 50-day and 200-day averages. This suggests the market is currently pricing in a rotation out of international momentum strategies despite the asset's superior long-term track record. Regarding income, the yield sits at a modest 1.76%, which is insufficient to act as a buffer against the current price decline or to provide meaningful income relative to inflation, though the payout history appears stable rather than eroding capital. For the long term, the asset remains a solid buy due to its exceptional historical compounding and lack of recent structural deterioration, but the short-term outlook is neutral to slightly bearish as the immediate trend has stalled.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.048395
MSTL0.051063
AutoARIMA0.052679
AutoTheta0.072025

Forecast horizon: 45 days | Selected: AutoETS

Forecast Reliability
Score 46%
H-stat 0.81
Ljung-Box p 0.004
Jarque-Bera p 0.000
Excess Kurtosis 5.87
Attribute Value
Trailing P/E 16.13

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.24% 1.73% 1.70% 1.87%
Dividend History
Date Dividend Yield %
2026-09-21 0.128 0.237389
2026-06-22 0.450 0.769362
2026-03-23 0.152 0.307692
2025-12-22 0.203 0.413779
2025-09-22 0.027 0.056568
2025-06-23 0.381 0.854835
2025-03-24 0.150 0.380518
2024-12-23 0.288 0.788393
2024-09-23 0.032 0.085561
2024-06-24 0.202 0.568214
2024-03-18 0.088 0.258368
2023-12-18 0.116 0.373832
2023-09-18 0.037 0.124831
2023-06-20 0.245 0.806983
2023-03-20 0.194 0.676430
2022-12-19 0.031 0.112523
2022-09-19 0.254 0.948469
2022-06-21 0.233 0.837828
2022-03-21 0.043 0.128167
2021-12-20 0.237 0.618799
2021-09-20 0.066 0.164425
2021-06-21 0.100 0.268097
2021-03-22 0.002 0.005907
2020-09-21 0.018 0.058670
2020-06-22 0.062 0.223988
2020-03-23 0.045 0.236220
2019-12-23 0.138 0.481172
2019-09-23 0.097 0.364799
2019-06-24 0.188 0.695781
2019-03-18 0.032 0.123839
2018-12-24 0.038 0.171790
2018-06-18 0.204 0.719577
2017-12-18 0.124 0.450745
2017-09-18 0.041 0.151571
2017-06-16 0.195 0.762911
2016-12-16 0.167 0.791094
2016-09-16 0.064 0.277056
2016-06-17 0.241 1.064018
2015-12-18 0.080 0.339415
2015-06-19 0.178 0.724756
2014-12-19 0.075 0.308896
2014-09-19 0.099 0.391459
2014-06-20 0.199 0.748683
2014-03-21 0.013 0.049280
2013-12-20 0.534 2.082683
2013-09-20 0.133 0.529669
2013-06-21 0.074 0.354916
2013-03-15 0.005 0.023364
2012-12-21 0.082 0.410822
2012-09-21 0.040 0.205973
2012-06-15 0.242 1.414378
2012-03-16 0.032 0.164271
2011-12-16 0.171 1.010041
2011-09-16 0.276 1.472000
2011-06-17 0.060 0.279981
2010-12-17 0.045 0.209692
2010-06-18 0.051 0.287810
2009-12-18 0.387 2.164430
2008-12-19 0.017 0.129081
2008-06-20 0.276 1.106212
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 1.76
dividendDate 2017-12-29

Info Dump

Attribute Value
All Time High 59.47
All Time Low 10.2
Ask 54.45
Ask Size 1
Average Daily Volume10 Day 67,320
Average Daily Volume3 Month 75,110
Average Volume 75,110
Average Volume10Days 67,320
Beta3 Year 1.14
Bid 53.9
Bid Size 1
Category Foreign Large Growth
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 50.52
Day Low 50.0201
Display Name Dorsey Wright Developed ETF
Dividend Date 1,514,505,600
Dividend Yield 1.76
Eps Trailing Twelve Months 3.108144
Esg Populated 0
Exchange NGM
Exchange Data Delayed By 15
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 53.283
Fifty Day Average Change -3.1529999
Fifty Day Average Change Percent -0.059174594
Fifty Two Week Change Percent 7.7085137
Fifty Two Week High 59.47
Fifty Two Week High Change -9.34
Fifty Two Week High Change Percent -0.15705398
Fifty Two Week Low 45.74
Fifty Two Week Low Change 4.3899994
Fifty Two Week Low Change Percent 0.09597725
Fifty Two Week Range 45.74 - 59.47
First Trade Date Milliseconds 1,199,716,200,000
Five Year Average Return 0.0818315
Full Exchange Name NasdaqGM
Fullday Change -0.9300003
Fullday Change Percent -1.8213872
Fullday Price 50.13
Fund Family Invesco
Fund Inception Date 1,198,800,000
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary 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.
Long Name Invesco Dorsey Wright Developed Markets Momentum ETF
Market us_market
Market State POST
Max Age 86,400
Message Board Id finmb_39735495
Nav Price 51.2
Net Assets 660,679,040.0
Net Expense Ratio 0.8
Open 50.52
Previous Close 51.06
Price Hint 2
Quote Source Name Delayed Quote
Quote Type ETF
Region US
Regular Market Change -0.9300003
Regular Market Change Percent -1.8213872
Regular Market Day High 50.52
Regular Market Day Low 50.0201
Regular Market Day Range 50.0201 - 50.52
Regular Market Open 50.52
Regular Market Previous Close 51.06
Regular Market Price 50.13
Regular Market Time 1,792,008,001
Regular Market Volume 32,487
Short Name Invesco Dorsey Wright Developed
Source Interval 15
Symbol PIZ
Three Year Average Return 0.2370705
Total Assets 660,679,040
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing P E 16.128597
Trailing Peg Ratio None
Trailing Three Month Nav Returns -4.82104
Trailing Three Month Returns -4.82104
Triggerable 1
Two Hundred Day Average 53.4573
Two Hundred Day Average Change -3.3272972
Two Hundred Day Average Change Percent -0.06224215
Type Disp ETF
Volume 32,487
Yield 0.0176
Ytd Return 10.19068