PYZ
Invesco DWA Basic Materials Momentum ETFPYZ Fund Description
PYZ tracks an index of US basic materials firms selected and weighted by price momentum.
PYZ Factset Analytics Insight
PYZ provides an alternate take on US basic materials firms. The fund follows a Dorsey-Wright relative strength index that selects and weights stocks by price momentum. The portfolio differs materially from our benchmark—exhibiting a small- and midcap tilt, significant sector biases, and elevated risk. PYZ is a bit liquidity-challenged, with weak daily volume and large spreads, though underlying liquidity is fair for institutional traders. PYZ charges a high expense ratio for a US sector fund and often lags its index even more, raising holding costs and setting a significant hurdle for outperformance.PYZ changed indexes in February 2014. The old version of the fund tracked a US materials index with multi-factor security selection coupled with a tiered equal-weighting scheme.
PYZ MSCI ESG Analytics Insight
Invesco DWA Basic Materials Momentum ETF has an MSCI ESG Fund Rating of BB based on a score of 3.69 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Invesco DWA Basic Materials Momentum ETF ranks in the 16th percentile within its peer group and in the 12nd percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
PYZ MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
PYZ Charts And Performance
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PYZ Portfolio Data
PYZ Index Data
PYZ Portfolio Management
PYZ Tax Exposures
PYZ Fund Structure
PYZ Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of PYZ. PYZ is rated a 4 out of 5.
PYZ Tradability
PYZ Sector/Industry Breakdown
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PYZ Top 10 Holdings[View All]
PYZ Countries
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PYZ Economic Development
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PYZ Performance Statistics
PYZ MSCI ESG Ratings
PYZ Benchmark Comparison Summary
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PYZ Benchmark Comparison Market Cap Size
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