Invesco Dorsey Wright Developed Markets Momentum ETF (PIZ) is a momentum-factor ETF. As of October 28, 2026, ETF Copilot scores PIZ 5.8 out of 10 — highest on Value (9.2), lowest on Risk (2.4). It trades at 13.5 times earnings, against its own median of 21.0. Its ten largest holdings are 26% of the fund.
What stands out in PIZ's data
Tracks high-trend developed market stocks through a trend-driven index.
Expected to grow faster than the typical momentum peer — a bigger runway for returns.
A growth estimate of 20% sits above the peer median of 17%, and above its own 13% historical median. The fund charges 0.80% in fees.
A momentum-driven exposure to developed markets, built on lower valuations and higher fees than typical.
Why did PIZ move this week? It fell 1.2% in the week to October 28, 2026 — Thyssenkrupp and Rolls-Royce drove it
PIZ fell 1.2% in the week to October 28, 2026. The holdings that moved it most were Thyssenkrupp (−15.1%), Rolls-Royce (−5.7%) and National Bank of Greece (−6.1%); SK (+10.8%) pushed the other way.
How is PIZ rated? ETF Copilot scores Invesco Dorsey Wright Developed Markets Momentum ETF (PIZ) 5.8 out of 10
As of October 28, 2026, ETF Copilot scores Invesco Dorsey Wright Developed Markets Momentum ETF (PIZ) 5.8 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 5.8 / 10
- Growth: 6.7 / 10
- Value: 9.2 / 10
- Risk: 2.4 / 10
- Quality: 6.4 / 10
- Return: 4.4 / 10
PIZ is ranked #9 of 10 in ETF Copilot's Thematic list.
Is PIZ expensive right now? It trades at 13.5 times earnings, against its own median of 21.0
As of October 28, 2026, PIZ is cheaper than 93% of its own last 9 years.
Trailing 12 months, built from PIZ's holdings. How we calculate this →
What's inside PIZ?
What's inside PIZ: Size (Large 42%, Mid 54%, Small 4%); Geography (International 100%, US 0%); Tech 8.2%; Semiconductors 4.4%; Memory 1.7%.
What are PIZ's top holdings? The ten largest are 26% of the fund
Bombardier, Royal Bank of Canada, Investor AB, Bank of Georgia, Rolls-Royce, Swedbank AB, National Bank of Greece, Oversea-Chinese Banking, Intercontinental Hotels and Unipol Gruppo Finanziario are PIZ's largest holdings, in that order.
Less concentrated than 68% of Momentum ETFs.
Half of PIZ's weight sits in its 26 largest positions, and once those weights are taken into account it behaves like 70 equally weighted holdings.
What is PIZ's expense ratio? 0.80% a year
As of October 28, 2026, PIZ charges 0.80% a year, yields 1.85% and holds $601M in assets across 100 positions.
| Measure | PIZ |
|---|---|
| Expense ratio | 0.80% |
| Dividend yield | 1.85% |
| Assets under management | $601M |
| Holdings | 100 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “Invesco Dorsey Wright Developed Markets Momentum ETF (PIZ) scores and holdings analysis”, as of October 28, 2026.
https://etf-copilot.com/etf/piz
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