Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ) is a industrials and materials ETF. As of October 9, 2026, ETF Copilot scores PYZ 3.3 out of 10 — highest on Growth (5.6), lowest on Quality (1.9). It trades at 22.3 times earnings, against its own median of 17.6. Its ten largest holdings are 38% of the fund.
What stands out in PYZ's data
U.S. basic materials stocks, selected for recent price performance.
Earns less on its capital than most peers in the sector — the momentum strategy has to make up the gap elsewhere.
Return on invested capital of 11.3% trails the category median of 14.6% and sits below the fund's own 11.6% historical average. The expense ratio of 0.79% is also high.
A tactical sleeve that bets on materials stocks with recent momentum, not on their underlying profitability.
How is PYZ rated? ETF Copilot scores Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ) 3.3 out of 10
As of October 9, 2026, ETF Copilot scores Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ) 3.3 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 3.3 / 10
- Growth: 5.6 / 10
- Value: 2.9 / 10
- Risk: 2.1 / 10
- Quality: 1.9 / 10
- Return: 2.8 / 10
Is PYZ expensive right now? It trades at 22.3 times earnings, against its own median of 17.6
As of October 9, 2026, PYZ is more expensive than 74% of its own last 9 years.
Trailing 12 months, built from PYZ's holdings. How we calculate this →
What's inside PYZ?
What's inside PYZ: Size (Large 24%, Mid 56%, Small 21%); Geography (International 3%, US 97%).
What are PYZ's top holdings? The ten largest are 38% of the fund
ATI, Reliance, Carpenter Technology, Newmont, Hecla Mining, Nucor, Royal Gold, Freeport-McMoRan, CF Industries and AIR Products & Chemicals are PYZ's largest holdings, in that order.
Less concentrated than 61% of Industrials & Materials ETFs.
Half of PYZ's weight sits in its 15 largest positions, and once those weights are taken into account it behaves like 35 equally weighted holdings.
What is PYZ's expense ratio? 0.79% a year
As of October 9, 2026, PYZ charges 0.79% a year, yields 0.49% and holds $64M in assets across 40 positions.
| Measure | PYZ |
|---|---|
| Expense ratio | 0.79% |
| Dividend yield | 0.49% |
| Assets under management | $64M |
| Holdings | 40 |
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 Basic Materials Momentum ETF (PYZ) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/pyz
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