Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) Performance
PEZ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −5.3% since Dec 31, 2025
- 1 year
- −0.8% total return
- 5 years
- +1.4% a year
- 10 years
- +9.4% a year
- Since first price
- +7.5% a year since 2006
PEZ trailing returns vs SPY, QQQ, AGG
| Period | PEZ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +5.4% | +5.4% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.2% | −0.3% | +3.2% | +1.9% | −0.4% |
| 6 months | −3.4% | −3.7% | +7.8% | +8.4% | −1.5% |
| YTD | −5.3% | −5.7% | +12.3% | +15.1% | −1.0% |
| 1 year | −0.8% | −1.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +65.4%+18.3%/yr | +64.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +7.1%+1.4%/yr | +5.1% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +144.7%+9.4%/yr | +135.9% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +322.9%+10.1%/yr | +294.0% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +324.0%+7.5%/yr | +281.5% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionOct 12, 2006 | +328.5%+7.5%/yr | +285.6% | — | — | — |
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: PEZ vs SPY
From Oct 12, 2006: PEZ grew to $42,847, SPY to $80,382.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PEZ returns by calendar year
13 of 19 full years positive. Best 2013 (+39.2%), worst 2008 (−32.5%). 2026 is year to date.
PEZ annual returns table
| Year | PEZ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −5.3% | −15.8% | +12.3% | +15.1% | −1.0% |
| 2025 | +5.4% | −28.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +20.1% | −12.1% | +24.9% | +25.6% | +1.3% |
| 2023 | +29.6% | −21.5% | +26.2% | +54.9% | +5.7% |
| 2022 | −29.6% | −35.0% | −18.2% | −32.6% | −13.0% |
| 2021 | +20.4% | −16.6% | +28.7% | +27.4% | −1.8% |
| 2020 | +39.0% | −49.6% | +18.3% | +48.6% | +7.5% |
| 2019 | +18.1% | −10.5% | +31.2% | +39.0% | +8.5% |
| 2018 | −6.8% | −27.6% | −4.6% | −0.1% | +0.1% |
| 2017 | +19.9% | −4.7% | +21.7% | +32.7% | +3.6% |
| 2016 | −3.5% | −14.2% | +12.0% | +7.1% | +2.4% |
| 2015 | −0.8% | −10.6% | +1.2% | +9.4% | +0.5% |
| 2014 | +8.6% | −14.0% | +13.5% | +19.2% | +6.0% |
| 2013 | +39.2% | −5.5% | +32.3% | +36.6% | −2.0% |
| 2012 | +17.8% | −10.9% | +16.0% | +18.1% | +3.8% |
| 2011 | +1.2% | −24.2% | +1.9% | +3.4% | +7.7% |
| 2010 | +29.2% | −22.2% | +15.1% | +19.9% | +6.4% |
| 2009 | +25.8% | −25.4% | +26.4% | +54.7% | +3.0% |
| 2008 | −32.5% | −46.1% | −36.8% | −41.7% | +7.9% |
| 2007 | −11.2% | −19.7% | +5.1% | +19.0% | +6.6% |
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.
PEZ largest drawdowns
Now 12.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jun 4, 2007 | −58.4% | Mar 6, 2009 | Mar 1, 2012 | 1.8 years | 4.7 years |
| Sep 27, 2018 | −52.1% | Mar 18, 2020 | Aug 5, 2020 | 1.5 years | 1.9 years |
| Nov 18, 2021 | −41.7% | Sep 26, 2022 | Aug 23, 2024 | 10 months | 2.8 years |
| Nov 25, 2024 | −31.5% | Apr 8, 2025 | not yet | 4 months | 1.9 years so far |
| Aug 5, 2015 | −25.0% | Feb 8, 2016 | Oct 6, 2017 | 6 months | 2.2 years |
| Feb 9, 2021 | −16.6% | May 12, 2021 | Nov 2, 2021 | 3 months | 9 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
PEZ risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2006 |
|---|---|---|---|---|
| Annualized return | +13.1% | +1.7% | +8.6% | +7.2% |
| Volatility (annualized) | 23.5% | 23.3% | 24.8% | 21.7% |
| Sharpe ratio | 0.45 | 0.03 | 0.36 | 0.37 |
| Sortino ratio | 0.76 | 0.05 | 0.56 | 0.56 |
| Best month | +18.3% | +18.3% | +23.0% | +23.0% |
| Worst month | −12.1% | −13.1% | −25.8% | −25.8% |
| Best 12 months | +69.7% | +69.7% | +146.9% | +146.9% |
| Worst 12 months | −11.4% | −31.6% | −34.8% | −40.5% |
| Positive months | 53% | 50% | 58% | 57% |
| Beta vs S&P 500 | 1.44 | 1.16 | 1.31 | — |
| Correlation with S&P 500 | 0.76 | 0.78 | 0.81 | — |
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.
PEZ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 229 | −40.5% | +8.3% | +146.9% | 68% |
| 3-year (a year) | 205 | −10.9% | +9.9% | +29.9% | 92% |
| 5-year (a year) | 181 | −5.0% | +10.0% | +27.0% | 96% |
| 10-year (a year) | 121 | +4.5% | +9.3% | +15.9% | 100% |
Every holding period starting at a month-end since 2006. Returns for 3 years and longer are annualized.
PEZ performance overview
Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) returned −0.8% over the past year and +9.4% a year over ten years, with distributions reinvested. Since its first recorded price in 2006 it has returned +7.5% a year, turning $10,000 into about $42,847. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −58.4%, from Jun 4, 2007 to Mar 6, 2009, and it took 3.0 years to get back to the old high. PEZ finished 13 of its 19 full calendar years with a gain; the best year was 2013 (+39.2%) and the worst 2008 (−32.5%). Volatility has been 21.7% a year.
Related: PEZ chart, PEZ holdings, PEZ dividends, PEZ valuation. See the PEZ overview for the latest quote and fund facts.
PEZ performance FAQ
What is the PEZ return over the past year?
PEZ returned −0.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 1.2%.
What is the average annual return of PEZ?
PEZ has returned +1.4% a year over 5 years, +9.4% a year over 10 years, +7.5% a year since October 12, 2006 (total return, distributions reinvested).
How much would $10,000 invested in PEZ be worth?
$10,000 invested in PEZ at its first recorded close on October 12, 2006 would be worth about $42,847 on October 23, 2026 with distributions reinvested.
What was the worst year for PEZ?
The worst calendar year was 2008, with a total return of −32.5%. The best was 2013 at +39.2%.
What is the biggest drawdown of PEZ?
The largest peak-to-trough decline was −58.4% between June 4, 2007 and March 6, 2009. It recovered to the old high on March 1, 2012, 3.0 years after the bottom.
How volatile is PEZ?
Over the past 3 years PEZ had an annualized volatility of 23.5% and a Sharpe ratio of 0.45 (excess return over 1–3 month T-bills per unit of risk).