PDP: Invesco Dorsey Wright Momentum ETF

What does PDP hold?#

This fund owns about 100 large and mid-size US stocks that a set of rules picks for strong recent price gains, which is called momentum. The list of stocks can change as prices move, so what it owns can shift over time.

It tracks the Dorsey Wright Technical Leaders Index.

What is the PDP expense ratio?#

PDP charges 0.62% a year. An expense ratio is the yearly fee a fund takes to run itself. On $10,000, a 0.62% fee comes to about $62 a year.

You never get a bill for it. The fund takes the fee out of its own value a little each day.

How has PDP done since 2007?#

From March 2007 to October 2026, PDP returned about 9.5% a year. Say you put in $10,000 at the start. It would have been worth about $59,273 at the end, with every dividend reinvested.

Prices through October 16, 2026. Figures use daily closing prices adjusted for splits, with dividends reinvested. They do not include taxes or the cost of buying and selling. Past results do not tell you what will happen next.

PDP returns by year#

What was PDP’s worst drop?#

A drawdown is how far a fund falls from its last high point. PDP’s worst fall was −59.3%, from December 10, 2007 to March 9, 2009. It got back to that high on April 3, 2012.

The chart shows how far below its last high the fund was on each day. Big drops are normal for some funds. They matter because selling during a drop locks in the loss.

Which Tactfolio strategies hold PDP?#

4 classic strategies hold PDP at least some of the time. Each is a set of written rules you can open, test and copy.

• GTAA 13: Faber’s 13-asset tactical allocation, by Mebane Faber, 2013
• GTAA Aggressive 3 (Faber GTAA AGG3), by Mebane Faber, 2013
• GTAA Aggressive 6 (Faber GTAA AGG6), by Mebane Faber, 2013
• Trinity Portfolio (Meb Faber), by Mebane Faber, 2016

How does PDP compare with similar ETFs?#

Funds that can stand in for PDP:

• MTUM: iShares MSCI USA Momentum Factor ETF, 0.15% a year
• QMOM: Alpha Architect U.S. Quantitative Momentum ETF, 0.28% a year
• VUG: Vanguard Morningstar Growth ETF, 0.03% a year
• SCHG: Schwab U.S. Large-Cap Growth ETF, 0.04% a year

See all 8 PDP alternatives, compared on the same dates as PDP.

Test PDP in your own rules#

Tactfolio is a platform where you build rules-based investing strategies, backtest them on decades of real prices, share them, and run them automatically in your own Alpaca account. Open the builder, add PDP, and see how a rule such as “hold it only above its 200-day average” would have done. Strategies run on daily prices and hold US stocks and ETFs only.

The details#

Prices come from Tactfolio’s stored daily prices for PDP. Each close is adjusted for splits, and dividends are reinvested on the day the fund pays them out. CAGR is the steady yearly return that turns the starting value into the ending value. Volatility is the yearly standard deviation of daily returns.

Fund facts come from Invesco. We checked them on October 16, 2026. Read what a backtest simulates and how to read drawdown and CAGR for more on these measures.