PIZ: Strong Returns, But High Fees And Volatility

Fred PiardInvesting Group LeaderFollow5ShareSavePlay(7min)CommentsSummaryThe Invesco Dorsey Wright Developed Markets Momentum ETF offers a 100-stock, high-momentum portfolio with strong growth metrics and broad geographic diversification.PIZ is heavily concentrated in financials (39.6%) and industrials (34.2%), with moderate company-specific risk.While PIZ has outperformed the benchmark IDEV and a number of peers over the past years, it carries higher volatility and expense ratio.PIZ is best suited for tactical allocation or swing trading; IMTM is preferable for long-term momentum exposure in developed markets.Quantitative Risk & Value members get exclusive access to our real-world portfolio. See all our investments here » Kativ/iStock via Getty Images PIZ strategy Invesco Dorsey Wright Developed Markets Momentum ETF (PIZ) was launched on 12/28/2007 and tracks the Dorsey Wright Developed Markets Tech Leaders™ Index. PIZ has a portfolio of 100 stocks, a 30-day SEC yield of 1.21%, andThis article was written byFred Piard16.31K FollowersFollowFred Piard, PhD. is a quantitative analyst and IT professional with over 30 years of experience working in technology. He is the author of three books and has been investing in data-driven systematic strategies since 2010. Fred runs the investing group Quantitative Risk & Value where he shares a portfolio invested in quality dividend stocks, and companies at the forefront of tech innovation. Fred also supplies market risk indicators, a real estate strategy, a bond strategy, and an income strategy in closed-end funds. Learn more.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.