See what your fund actually adds
Invesco Dorsey Wright Basic Materials Momentum ETF PYZ
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | PYZ | Replication |
|---|---|---|
| Annualized growth | 6.1% | 5.7% |
| Annualized volatility | 24.9% | 18.8% |
| Sharpe ratio | 0.36 | 0.39 |
| Maximum drawdown | 30.7% | 25.6% |
| Replication fit (R²) | 0.83 · Tracking error 10.3% | |
Replication portfolio
The published portfolio below is the investable basket used to model PYZ’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| XLB | Sector · Materials | 72.8% |
| IWC | Micro Cap | 27.3% |