The Invesco Dorsey Wright Developed Markets Momentum ETF offers a 100-stock, high-momentum portfolio with strong growth metrics and broad geographic diversification. PIZ is heavily concentrated in financials (39.6%) and industrials (34.2%), with moderate company-specific risk. While PIZ has outperformed the benchmark IDEV and a number of peers over the past years, it carries higher volatility and expense ratio.
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.