Invesco DWA Momentum ETF (PDP) Performance
PDP total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +15.0% since Dec 31, 2025
- 1 year
- +12.4% total return
- 5 years
- +7.2% a year
- 10 years
- +12.7% a year
- Since first price
- +9.5% a year since 2007
PDP trailing returns vs SPY, QQQ, AGG
| Period | PDP total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −2.9% | −2.9% | −1.0% | −5.0% | +0.9% |
| 3 months | −4.8% | −4.8% | +3.2% | +1.9% | −0.4% |
| 6 months | −1.0% | −1.0% | +7.8% | +8.4% | −1.5% |
| YTD | +15.0% | +15.0% | +12.3% | +15.1% | −1.0% |
| 1 year | +12.4% | +12.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +81.2%+21.9%/yr | +80.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +41.8%+7.2%/yr | +40.0% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +230.7%+12.7%/yr | +222.2% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +491.8%+12.6%/yr | +464.3% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionMar 1, 2007 | +492.8%+9.5%/yr | +457.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: PDP vs SPY
From Mar 1, 2007: PDP grew to $59,278, SPY to $77,530.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PDP returns by calendar year
15 of 18 full years positive. Best 2020 (+36.6%), worst 2008 (−46.2%). 2026 is year to date.
PDP annual returns table
| Year | PDP | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +15.0% | −17.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +8.4% | −22.9% | +17.7% | +20.8% | +7.2% |
| 2024 | +26.1% | −9.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +20.9% | −11.7% | +26.2% | +54.9% | +5.7% |
| 2022 | −24.5% | −28.4% | −18.2% | −32.6% | −13.0% |
| 2021 | +7.7% | −13.5% | +28.7% | +27.4% | −1.8% |
| 2020 | +36.6% | −34.7% | +18.3% | +48.6% | +7.5% |
| 2019 | +33.1% | −6.1% | +31.2% | +39.0% | +8.5% |
| 2018 | −6.0% | −24.5% | −4.6% | −0.1% | +0.1% |
| 2017 | +23.3% | −3.4% | +21.7% | +32.7% | +3.6% |
| 2016 | +2.3% | −11.5% | +12.0% | +7.1% | +2.4% |
| 2015 | +1.1% | −11.5% | +1.2% | +9.4% | +0.5% |
| 2014 | +12.2% | −9.8% | +13.5% | +19.2% | +6.0% |
| 2013 | +31.7% | −8.0% | +32.3% | +36.6% | −2.0% |
| 2012 | +18.2% | −9.8% | +16.0% | +18.1% | +3.8% |
| 2011 | +1.5% | −22.2% | +1.9% | +3.4% | +7.7% |
| 2010 | +26.6% | −17.8% | +15.1% | +19.9% | +6.4% |
| 2009 | +28.0% | −24.5% | +26.4% | +54.7% | +3.0% |
| 2008 | −46.2% | −58.0% | −36.8% | −41.7% | +7.9% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
PDP largest drawdowns
Now 12.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 10, 2007 | −59.3% | Mar 9, 2009 | Apr 3, 2012 | 1.2 years | 4.3 years |
| Feb 19, 2020 | −34.7% | Mar 23, 2020 | Jul 17, 2020 | 33 days | 5 months |
| Nov 8, 2021 | −33.9% | Sep 26, 2022 | Jul 12, 2024 | 11 months | 2.7 years |
| Sep 14, 2018 | −24.5% | Dec 24, 2018 | Jun 10, 2019 | 3 months | 9 months |
| Dec 6, 2024 | −23.8% | Apr 8, 2025 | Sep 19, 2025 | 4 months | 9 months |
| Mar 20, 2015 | −19.1% | Feb 8, 2016 | Feb 9, 2017 | 11 months | 1.9 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
PDP risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2007 |
|---|---|---|---|---|
| Annualized return | +21.6% | +9.3% | +12.8% | +9.6% |
| Volatility (annualized) | 19.6% | 21.3% | 18.8% | 18.3% |
| Sharpe ratio | 0.88 | 0.36 | 0.62 | 0.52 |
| Sortino ratio | 1.45 | 0.53 | 0.95 | 0.75 |
| Best month | +13.1% | +13.1% | +13.1% | +13.1% |
| Worst month | −12.0% | −13.7% | −13.7% | −20.4% |
| Best 12 months | +44.7% | +44.7% | +57.8% | +57.8% |
| Worst 12 months | +0.9% | −24.5% | −24.5% | −50.6% |
| Positive months | 72% | 60% | 64% | 62% |
| Beta vs S&P 500 | 1.25 | 1.16 | 1.07 | — |
| Correlation with S&P 500 | 0.79 | 0.85 | 0.87 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
PDP rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 224 | −50.6% | +14.1% | +57.8% | 79% |
| 3-year (a year) | 200 | −10.6% | +12.8% | +29.6% | 92% |
| 5-year (a year) | 176 | −0.1% | +10.9% | +26.0% | 99% |
| 10-year (a year) | 116 | +6.2% | +11.1% | +16.7% | 100% |
Every holding period starting at a month-end since 2007. Returns for 3 years and longer are annualized.
PDP performance overview
Invesco DWA Momentum ETF (PDP) returned +12.4% over the past year and +12.7% a year over ten years, with distributions reinvested. Since its first recorded price in 2007 it has returned +9.5% a year, turning $10,000 into about $59,278. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −59.3%, from Dec 10, 2007 to Mar 9, 2009, and it took 3.1 years to get back to the old high. PDP finished 15 of its 18 full calendar years with a gain; the best year was 2020 (+36.6%) and the worst 2008 (−46.2%). Volatility has been 18.3% a year.
Related: PDP chart, PDP holdings, PDP valuation. See the PDP overview for the latest quote and fund facts.
PDP performance FAQ
What is the PDP return over the past year?
PDP returned +12.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 12.4%.
What is the average annual return of PDP?
PDP has returned +7.2% a year over 5 years, +12.7% a year over 10 years, +9.5% a year since March 1, 2007 (total return, distributions reinvested).
How much would $10,000 invested in PDP be worth?
$10,000 invested in PDP at its first recorded close on March 1, 2007 would be worth about $59,278 on October 23, 2026 with distributions reinvested.
What was the worst year for PDP?
The worst calendar year was 2008, with a total return of −46.2%. The best was 2020 at +36.6%.
What is the biggest drawdown of PDP?
The largest peak-to-trough decline was −59.3% between December 10, 2007 and March 9, 2009. It recovered to the old high on April 3, 2012, 3.1 years after the bottom.
How volatile is PDP?
Over the past 3 years PDP had an annualized volatility of 19.6% and a Sharpe ratio of 0.88 (excess return over 1–3 month T-bills per unit of risk).