Invesco DWA Financial Momentum ETF (PFI) Performance
PFI total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +1.1% since Dec 31, 2025
- 1 year
- +2.7% total return
- 5 years
- +1.6% a year
- 10 years
- +8.5% a year
- Since first price
- +5.8% a year since 2006
PFI trailing returns vs SPY, QQQ, AGG
| Period | PFI total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.4% | −1.4% | −1.0% | −5.0% | +0.9% |
| 3 months | −5.9% | −6.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +0.5% | −0.2% | +7.8% | +8.4% | −1.5% |
| YTD | +1.1% | +0.1% | +12.3% | +15.1% | −1.0% |
| 1 year | +2.7% | +1.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +53.7%+15.4%/yr | +45.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +8.4%+1.6%/yr | −0.7% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +127.1%+8.5%/yr | +92.8% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +319.4%+10.0%/yr | +231.9% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +209.0%+5.8%/yr | +130.5% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionOct 12, 2006 | +207.7%+5.8%/yr | +129.6% | — | — | — |
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: PFI vs SPY
From Oct 12, 2006: PFI grew to $30,775, SPY to $80,382.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PFI returns by calendar year
13 of 19 full years positive. Best 2013 (+40.5%), worst 2008 (−27.2%). 2026 is year to date.
PFI annual returns table
| Year | PFI | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +1.1% | −13.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +2.0% | −23.4% | +17.7% | +20.8% | +7.2% |
| 2024 | +30.6% | −11.4% | +24.9% | +25.6% | +1.3% |
| 2023 | +12.6% | −14.9% | +26.2% | +54.9% | +5.7% |
| 2022 | −24.1% | −29.8% | −18.2% | −32.6% | −13.0% |
| 2021 | +28.7% | −13.6% | +28.7% | +27.4% | −1.8% |
| 2020 | +13.9% | −43.1% | +18.3% | +48.6% | +7.5% |
| 2019 | +36.5% | −7.2% | +31.2% | +39.0% | +8.5% |
| 2018 | −17.2% | −25.7% | −4.6% | −0.1% | +0.1% |
| 2017 | +15.0% | −9.6% | +21.7% | +32.7% | +3.6% |
| 2016 | +2.1% | −13.5% | +12.0% | +7.1% | +2.4% |
| 2015 | +1.3% | −11.9% | +1.2% | +9.4% | +0.5% |
| 2014 | +6.3% | −8.9% | +13.5% | +19.2% | +6.0% |
| 2013 | +40.5% | −5.7% | +32.3% | +36.6% | −2.0% |
| 2012 | +19.5% | −12.3% | +16.0% | +18.1% | +3.8% |
| 2011 | −4.6% | −27.1% | +1.9% | +3.4% | +7.7% |
| 2010 | +14.7% | −17.3% | +15.1% | +19.9% | +6.4% |
| 2009 | −5.1% | −39.5% | +26.4% | +54.7% | +3.0% |
| 2008 | −27.2% | −43.1% | −36.8% | −41.7% | +7.9% |
| 2007 | −2.6% | −14.9% | +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.
PFI largest drawdowns
Now 9.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jun 4, 2007 | −59.5% | Mar 9, 2009 | Jul 12, 2013 | 1.8 years | 6.1 years |
| Feb 19, 2020 | −43.1% | Mar 23, 2020 | Dec 15, 2020 | 33 days | 10 months |
| Nov 3, 2021 | −35.4% | Jun 16, 2022 | Oct 11, 2024 | 7 months | 2.9 years |
| Jan 23, 2018 | −25.7% | Dec 24, 2018 | Jun 6, 2019 | 11 months | 1.4 years |
| Nov 25, 2024 | −24.8% | Apr 8, 2025 | Jul 6, 2026 | 4 months | 1.6 years |
| Mar 20, 2015 | −19.0% | Feb 11, 2016 | Feb 13, 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.
PFI risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2006 |
|---|---|---|---|---|
| Annualized return | +13.7% | +3.5% | +8.3% | +5.8% |
| Volatility (annualized) | 18.1% | 20.2% | 19.2% | 18.4% |
| Sharpe ratio | 0.56 | 0.09 | 0.39 | 0.33 |
| Sortino ratio | 0.95 | 0.14 | 0.59 | 0.47 |
| Best month | +14.1% | +14.1% | +14.1% | +14.5% |
| Worst month | −8.7% | −9.6% | −18.9% | −19.5% |
| Best 12 months | +50.3% | +50.3% | +68.1% | +68.1% |
| Worst 12 months | −8.2% | −26.4% | −26.4% | −43.7% |
| Positive months | 61% | 53% | 59% | 59% |
| Beta vs S&P 500 | 1.10 | 1.02 | 1.02 | — |
| Correlation with S&P 500 | 0.75 | 0.79 | 0.82 | — |
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.
PFI rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 229 | −43.7% | +6.8% | +68.1% | 69% |
| 3-year (a year) | 205 | −14.3% | +7.9% | +26.0% | 87% |
| 5-year (a year) | 181 | −6.2% | +9.2% | +19.2% | 91% |
| 10-year (a year) | 121 | +2.1% | +8.3% | +14.7% | 100% |
Every holding period starting at a month-end since 2006. Returns for 3 years and longer are annualized.
PFI performance overview
Invesco DWA Financial Momentum ETF (PFI) returned +2.7% over the past year and +8.5% a year over ten years, with distributions reinvested. Since its first recorded price in 2006 it has returned +5.8% a year, turning $10,000 into about $30,775. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −59.5%, from Jun 4, 2007 to Mar 9, 2009, and it took 4.3 years to get back to the old high. PFI finished 13 of its 19 full calendar years with a gain; the best year was 2013 (+40.5%) and the worst 2008 (−27.2%). Volatility has been 18.4% a year.
Related: PFI chart, PFI holdings, PFI dividends. See the PFI overview for the latest quote and fund facts.
PFI performance FAQ
What is the PFI return over the past year?
PFI returned +2.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 1.5%.
What is the average annual return of PFI?
PFI has returned +1.6% a year over 5 years, +8.5% a year over 10 years, +5.8% a year since October 12, 2006 (total return, distributions reinvested).
How much would $10,000 invested in PFI be worth?
$10,000 invested in PFI at its first recorded close on October 12, 2006 would be worth about $30,775 on October 23, 2026 with distributions reinvested.
What was the worst year for PFI?
The worst calendar year was 2008, with a total return of −27.2%. The best was 2013 at +40.5%.
What is the biggest drawdown of PFI?
The largest peak-to-trough decline was −59.5% between June 4, 2007 and March 9, 2009. It recovered to the old high on July 12, 2013, 4.3 years after the bottom.
How volatile is PFI?
Over the past 3 years PFI had an annualized volatility of 18.1% and a Sharpe ratio of 0.56 (excess return over 1–3 month T-bills per unit of risk).