PIZ ETF — Invesco DWA Developed Markets Momentum ETF

Invesco DWA Developed Markets Momentum ETF (PIZ)

Updated October 16, 2026.

PIZ is an ETF that tracks the Dorsey Wright Developed Markets Technical Leaders Index. its distribution rate is 1.02%, its trailing-12-month yield is 1.86%, its expense ratio is 0.80%. Dividend Vision Distribution Safety Score™ is 71/100 (Generally safe). Total return is 170.2% over the past 18.8 years, 459.1 points behind SPY at 629.3%.

Invesco DWA Developed Markets Momentum ETF tracks a momentum-based index of approximately 100 large-cap developed-market equities outside the United States, selected for strong relative strength characteristics. The fund distributes quarterly at a modest current distribution rate, with an expense ratio of 0.80%. The fund appeals to income and growth investors seeking international equity exposure with a technical momentum orientation.

PIZ performance versus SPY

Price and return data through 2026-10-16.

Total return is 170.2% over the past 18.8 years, 459.1 points behind SPY at 629.3%. Over the past year its total return — price change plus distributions reinvested — is 7.4%. Its deepest 1-year drawdown was 16.0%.

PIZ key facts

Distribution Safety Score™

71 · Generally safe

Safety-Adjusted Yield

0.72%

Issuer

Invesco

Asset type

ETF

Asset class

Equity

Inception date

12/28/2007

Expense ratio

0.80%

Distribution rate

1.02%

Distribution frequency

Quarterly

Trailing yield

1.86%

Last close

$50.22 (as of 2026-10-16)

AUM

$629,086,086

Average volume

57313.0

Dividend

$0.128

Ex-dividend date

09/21/2026

Payment date

09/25/2026

Beta

1.14

How Dividend Vision calculates yield and returns

Distribution rate (1.02%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (1.86%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Invesco or company page; Index: Dorsey Wright Developed Markets Technical Leaders Index; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

PIZ risks and drawbacks

PIZ's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 16.0%.

Who may consider PIZ — and who may not

It is a weaker fit for investors who need monthly cash flow (PIZ pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on PIZ

• All tickers starting with P

Tagged: International.

Frequently asked questions

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