Invesco Dorsey Wright Developed Markets Momentum ETF

PIZ

Market cap $455M

Invesco Dorsey Wright Developed Markets Momentum ETF (PIZ) is rated Hold due to high risk and liquidity concerns despite its momentum strategy. PIZ outperforms ACWX in short-term and some long-term periods, but elevated volatility and maximum drawdowns weaken its risk-adjusted appeal. The ETF's high turnover, portfolio concentration, and expensive valuation metrics add to downside risk, especially during market stress.

For investors seeking momentum, Invesco Dorsey Wright Developed Markets Momentum ETF PIZ is probably on the radar. The fund just hit a 52-week high and is up 29.1% from its 52-week low price of $32.87/share.