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Sunday, August 23, 2026The Morning Brief →Sign in

Invesco DWA Energy Momentum ETF

$63.94+0.84% today
436452-WK

The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is composed of at least 30 securities of companies in the energy sector that have powerful relative strength or "momentum" characteristics.

Price & daily flows
59.753.547.363.94DAILY NET FLOWAug 22Dec 19Apr 21Aug 21

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET −$7M OVER THIS RANGE

The desk’s read

Money is leaving — −$9M walked out over the past month, about 17.2% of the fund's asset base, while the price has returned +37.7% so far this year. At 0.60% a year it is not the cheapest way in — XLE runs the same ground at 0.09%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$55Massets under management
0.60%expense ratio · $60 per $10,000 a year
−$9Mnet flow, trailing month
11Kavg daily volume, 30 days
40holdings · US-domiciled
2006listed October 11, 2006 · beta 0.09
The book at a glance
MPC+0.7%TRGP-1.0%LNG-0.6%VLO+2.2%PR-0.5%DINO+5.0%DK+11.6%BKR-0.7%CLMT+1.5%XOM-0.6%FANG-0.1%PARR+9.1%WFRD-0.8%COP-0.0%PBF+5.7%OII+1.0%PSX+1.2%AROC-1.5%KGS+1.4%APA-2.3%CVX-0.2%DVN-0.4%RIG-1.5%WMB-1.7%HCC+3.3%DTM-2.5%SEI-1.8%KNTK+0.2%PUMP+0.0%KMI-2.0%TDW-1.3%HP-1.2%LBRT+0.6%VNOM+0.5%WTTR-1.2%PTEN+1.3%NBR+0.6%WHD+0.8%AM-0.5%

CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS TODAY’S MOVE · TOP 40 POSITIONS

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1MPCMARATHON PETROLEUM6.84%$360.72+0.7%
2TRGPTARGA RESOURCES5.91%$299.10-1.0%
3LNGCHENIERE ENERGY5.88%$277.51-0.6%
4VLOVALERO ENERGY4.07%$348.86+2.2%
5PRPERMIAN RESOURCES4.13%$23.75-0.5%
6DINOHF SINCLAIR3.73%$97.32+5.0%
7DKDELEK US HOLDINGS3.13%$71.47+11.6%
8BKRBAKER HUGHES2.98%$62.34-0.7%
9CLMTCALUMET SPECIALTY PRODUCTS PARTNERS LP2.83%$49.01+1.5%
10XOMEXXON MOBIL2.71%$165.11-0.6%
11FANGDIAMONDBACK ENERGY2.40%$210.72-0.1%
12PARRPAR PACIFIC HOLDINGS2.08%$79.03+9.1%
13WFRDWEATHERFORD INTERNATIONAL2.29%$90.51-0.8%
14COPCONOCOPHILLIPS2.24%$134.87-0.0%
15PBFPBF ENERGY2.05%$73.53+5.7%

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Sector weights
Energy93%
Energy Minerals61.1%
Industrial Services22.9%
Materials9.51%
Basic Materials7%
Transportation3.75%
Process Industries3.1%
Producer Manufacturing3.02%
Non-Energy Minerals2.05%
Other0.3%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
United States100%
Bermuda1.96%
Switzerland1.94%
Other0.2%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week+1.4%
1 month+6.8%
3 months+6.2%
6 months+21.1%
YTD+37.7%
1 year+49.8%
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week
1 month−$9M
3 months−$29M
YTD−$6M
1 year−$7M

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
JunJulAugSepOctFebMarAprMayJunJulAug
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
30%realized volatility, 30 days (annualized)
23%realized volatility, 1 year
-12.7%deepest fall from a peak, 1 year
-0.6%where it sits vs. that peak today

The top holding is 6.8% of the book; the top ten carry 42%. Spread across 49+ names, it behaves like roughly 34 equally-weighted positions.

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

Options tape
calls today
puts today
put/call ratio
12Kshares traded
Most-traded holdings, options premiumBullishBearish
CVX CHEVRON$8M$8M
COP CONOCOPHILLIPS$7M$8M
XOM EXXON MOBIL$7M$7M
VLO VALERO ENERGY$5M$4M
MPC MARATHON PETROLEUM$3M$2M

TODAY’S OPTIONS PREMIUM IN THE FUND’S UNDERLYING NAMES

The case against PXI

Due diligence cuts both ways. These funds sit on the same shelf and beat PXI on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
IUSG iShares Core S&P U.S. Growth ETF0.04%$33.8B+$668M-56bp on fee · 620× the assets · +$668M in over the monthHead-to-head
IUSV iShares Core S&P U.S. Value ETF0.04%$28.1B+$103M-56bp on fee · 514× the assets · +$103M in over the monthHead-to-head
ILCG iShares Morningstar Growth ETF0.04%$3.3B+$7M-56bp on fee · 60× the assets · +$7M in over the monthHead-to-head
VUG Vanguard Growth Index Fund0.04%$135.5B-56bp on fee · 2482× the assetsHead-to-head
VTV Vanguard Value Index Fund0.04%$125.5B-56bp on fee · 2300× the assetsHead-to-head
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InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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