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Upturn AI Summary
Invesco DWA Developed Markets Momentum ETF(PIZ)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for PIZ
11/06/2026: PIZ (2-star) is currently NOT-A-BUY. Pass it for now.
Invesco DWA Developed Markets Momentum ETF (PIZ) provides targeted exposure to non-U.S. developed market equities that demonstrate strong relative price strength. It utilizes the Dorsey Wright quantitative momentum methodology to systematically identify and invest in trending assets. Its primary strength lies in its rules-based approach, offering a distinct factor tilt that can serve as a potent diversifier for traditional portfolios. However, investors should be mindful of its relatively higher expense ratio and the inherent volatility of momentum investing during market trend reversals. It is most suitable for disciplined investors who believe in momentum as a long-term factor and are willing to withstand periodic underperformance.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | The momentum strategy naturally biases the portfolio toward high-growth equities. |
| Momentum investor | Strong fit while signal remains positive | This fund is designed specifically to capture momentum trends in developed international markets. |
| Value investor | Weak fit | Momentum strategies often ignore valuation metrics, which may lead to exposure to expensive stocks. |
| Dividend/Income investor | Mixed fit | The fund's primary focus is price appreciation, not yield or consistent dividend growth. |
| Low-risk investor | Weak fit | Momentum investing can be volatile and prone to sharp reversals when market trends change. |
Investor Profile
Ideal Investor Profile
The ideal investor is someone seeking to augment a core international portfolio with a tactical, factor-based momentum strategy.
Suitability
PIZ is best suited for long-term investors who understand and can tolerate the cyclical nature of momentum strategies.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Medium / high | Momentum strategies can experience significant price swings during market transitions. |
| Market risk | High | The fund is fully exposed to systemic risks within international developed equity markets. |
| Concentration | Medium | The portfolio may become concentrated in specific sectors or countries that show the highest relative strength. |
| Tracking/expense | Medium | The higher expense ratio compared to plain-vanilla index funds impacts net long-term returns. |
| Liquidity | Medium | International stocks can sometimes face lower liquidity compared to U.S. large caps. |
| Business/sector quality | Medium | The fund selects stocks based on price action, which does not always correlate with fundamental business quality. |
Risk Analysis
Volatility
PIZ exhibits moderate to high volatility, typical of factor-tilted equity funds that rotate holdings based on price action.
Market Risk
The fund is subject to general equity market risk, specific country risk, and currency risk inherent in holding non-U.S. securities.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Geography | Developed Markets (Ex-US) Equities | 98 | This provides broad exposure to international companies outside the U.S. that are currently demonstrating strong price momentum. |
| Cash/collateral | Cash and Cash Equivalents | 2 | A small portion is held in cash to manage liquidity and daily transaction requirements. |
Analysis of Past Performance
Type ETF | Historic Profit 27.08% | Avg. Invested days 66 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | ETF Returns Performance  4.0 |
| Profits based on simulation | Last Close 11/06/2026 |
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