Invesco DWA Basic Materials Momentum ETF (PYZ) Performance
PYZ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +0.9% since Dec 31, 2025
- 1 year
- +2.9% total return
- 5 years
- +5.2% a year
- 10 years
- +8.2% a year
- Since first price
- +8.9% a year since 2006
PYZ trailing returns vs SPY, QQQ, AGG
| Period | PYZ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −5.2% | −5.2% | −1.0% | −5.0% | +0.9% |
| 3 months | −9.1% | −9.2% | +3.2% | +1.9% | −0.4% |
| 6 months | −12.5% | −12.7% | +7.8% | +8.4% | −1.5% |
| YTD | +0.9% | +0.6% | +12.3% | +15.1% | −1.0% |
| 1 year | +2.9% | +2.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +56.9%+16.2%/yr | +52.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +28.9%+5.2%/yr | +22.8% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +119.6%+8.2%/yr | +98.4% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +317.0%+10.0%/yr | +254.3% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +440.9%+8.8%/yr | +327.2% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionOct 12, 2006 | +450.7%+8.9%/yr | +334.9% | — | — | — |
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: PYZ vs SPY
From Oct 12, 2006: PYZ grew to $55,068, SPY to $80,382.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PYZ returns by calendar year
14 of 19 full years positive. Best 2009 (+47.6%), worst 2008 (−43.6%). 2026 is year to date.
PYZ annual returns table
| Year | PYZ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +0.9% | −17.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +28.0% | −21.9% | +17.7% | +20.8% | +7.2% |
| 2024 | +2.5% | −12.9% | +24.9% | +25.6% | +1.3% |
| 2023 | +9.6% | −21.5% | +26.2% | +54.9% | +5.7% |
| 2022 | −15.4% | −33.0% | −18.2% | −32.6% | −13.0% |
| 2021 | +32.7% | −15.8% | +28.7% | +27.4% | −1.8% |
| 2020 | +15.4% | −44.4% | +18.3% | +48.6% | +7.5% |
| 2019 | +20.7% | −13.9% | +31.2% | +39.0% | +8.5% |
| 2018 | −24.3% | −32.3% | −4.6% | −0.1% | +0.1% |
| 2017 | +20.0% | −8.9% | +21.7% | +32.7% | +3.6% |
| 2016 | +22.6% | −12.1% | +12.0% | +7.1% | +2.4% |
| 2015 | −5.8% | −20.6% | +1.2% | +9.4% | +0.5% |
| 2014 | +4.0% | −16.1% | +13.5% | +19.2% | +6.0% |
| 2013 | +27.4% | −7.2% | +32.3% | +36.6% | −2.0% |
| 2012 | +28.7% | −14.5% | +16.0% | +18.1% | +3.8% |
| 2011 | −8.7% | −34.9% | +1.9% | +3.4% | +7.7% |
| 2010 | +28.4% | −21.0% | +15.1% | +19.9% | +6.4% |
| 2009 | +47.6% | −34.3% | +26.4% | +54.7% | +3.0% |
| 2008 | −43.6% | −61.4% | −36.8% | −41.7% | +7.9% |
| 2007 | +27.4% | −16.3% | +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.
PYZ largest drawdowns
Now 16.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jun 5, 2008 | −65.1% | Mar 9, 2009 | Feb 7, 2011 | 9 months | 2.7 years |
| Jan 11, 2018 | −52.5% | Mar 23, 2020 | Jan 5, 2021 | 2.2 years | 3.0 years |
| Apr 29, 2011 | −34.9% | Oct 3, 2011 | Dec 18, 2012 | 5 months | 1.6 years |
| Apr 19, 2022 | −33.0% | Sep 26, 2022 | Jul 17, 2025 | 5 months | 3.2 years |
| Sep 2, 2014 | −26.4% | Feb 11, 2016 | Jul 11, 2016 | 1.4 years | 1.9 years |
| Oct 29, 2007 | −18.0% | Jan 22, 2008 | Apr 8, 2008 | 3 months | 5 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
PYZ risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2006 |
|---|---|---|---|---|
| Annualized return | +14.0% | +7.0% | +8.0% | +8.9% |
| Volatility (annualized) | 20.9% | 25.6% | 24.5% | 24.1% |
| Sharpe ratio | 0.52 | 0.25 | 0.34 | 0.42 |
| Sortino ratio | 0.79 | 0.36 | 0.50 | 0.61 |
| Best month | +9.9% | +14.3% | +17.3% | +17.8% |
| Worst month | −12.0% | −20.2% | −20.2% | −23.6% |
| Best 12 months | +56.3% | +56.3% | +104.3% | +104.3% |
| Worst 12 months | −7.7% | −16.8% | −29.3% | −54.6% |
| Positive months | 58% | 53% | 57% | 58% |
| Beta vs S&P 500 | 1.13 | 1.27 | 1.32 | — |
| Correlation with S&P 500 | 0.67 | 0.78 | 0.83 | — |
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.
PYZ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 229 | −54.6% | +11.3% | +104.3% | 69% |
| 3-year (a year) | 205 | −11.7% | +9.2% | +36.7% | 89% |
| 5-year (a year) | 181 | −4.2% | +9.1% | +29.6% | 98% |
| 10-year (a year) | 121 | +4.6% | +8.6% | +16.2% | 100% |
Every holding period starting at a month-end since 2006. Returns for 3 years and longer are annualized.
PYZ performance overview
Invesco DWA Basic Materials Momentum ETF (PYZ) returned +2.9% over the past year and +8.2% a year over ten years, with distributions reinvested. Since its first recorded price in 2006 it has returned +8.9% a year, turning $10,000 into about $55,068. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −65.1%, from Jun 5, 2008 to Mar 9, 2009, and it took 1.9 years to get back to the old high. PYZ finished 14 of its 19 full calendar years with a gain; the best year was 2009 (+47.6%) and the worst 2008 (−43.6%). Volatility has been 24.1% a year.
Related: PYZ chart, PYZ holdings, PYZ dividends, PYZ valuation. See the PYZ overview for the latest quote and fund facts.
PYZ performance FAQ
What is the PYZ return over the past year?
PYZ returned +2.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 2.4%.
What is the average annual return of PYZ?
PYZ has returned +5.2% a year over 5 years, +8.2% a year over 10 years, +8.9% a year since October 12, 2006 (total return, distributions reinvested).
How much would $10,000 invested in PYZ be worth?
$10,000 invested in PYZ at its first recorded close on October 12, 2006 would be worth about $55,068 on October 23, 2026 with distributions reinvested.
What was the worst year for PYZ?
The worst calendar year was 2008, with a total return of −43.6%. The best was 2009 at +47.6%.
What is the biggest drawdown of PYZ?
The largest peak-to-trough decline was −65.1% between June 5, 2008 and March 9, 2009. It recovered to the old high on February 7, 2011, 1.9 years after the bottom.
How volatile is PYZ?
Over the past 3 years PYZ had an annualized volatility of 20.9% and a Sharpe ratio of 0.52 (excess return over 1–3 month T-bills per unit of risk).