PUI ETF: What Is It? A Complete Guide to Returns, Fees, Holdings, and Alternative ETFs
The Invesco Dorsey Wright Utilities Momentum ETF (PUI) is a sector ETF that selects utility stocks with high relative strength. Its outlook, dividends, and the differences in stock selection method and fees versus broad utilities ETFs such as XLU and VPU are the key selection criteria.
SubscribeWhat Is the Invesco Dorsey Wright Utilities Momentum ETF?
The fund tracks the Dorsey Wright Utilities Technical Leaders Index and selects utility stocks with high relative strength. It invests most of its total assets in the index constituents.
It suits investors who want momentum-based access to the utilities sector and defensive sector exposure.
It is a passively managed (index-tracking) ETF run by Invesco.
How Does the Invesco Dorsey Wright Utilities Momentum ETF Invest?
| Item | Details |
|---|---|
| Tracked index | Dorsey Wright Utilities Technical Leaders Index |
| Management style | Passive (index-tracking) |
| Rebalancing frequency | Quarterly |
| Dividend frequency | Quarterly |
| Issuer | Invesco |
| Expense ratio | 0.60% |
The fund selects utility sector stocks with high relative strength using a technical momentum method. Rebalancing takes place quarterly, and what sets it apart from a typical utilities ETF is that its composition is adjusted by momentum signals rather than weighted by market capitalization.
- Stock selection based on technical momentum
- Concentrated exposure to the utilities sector
Invesco Dorsey Wright Utilities Momentum ETF Size and Costs (AUM and Management Fee)
The fund's assets under management (AUM) stand at $48.0M, and its expense ratio is 0.60% per year.
Its stock selection method differs from that of broad utilities ETFs such as XLU and VPU, and given the nature of the category, its fee burden is somewhat high.
Invesco Dorsey Wright Utilities Momentum ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeThe utilities sector is influenced by the interest rate environment and trends in electricity demand. Because of the momentum approach, changes in holdings can cause performance to diverge from broad utilities indexes. Recent trends move in line with the overall direction of the sector.
Demand for defensive sectors and interest rate expectations drive fund flows, and during periods of market volatility, money sometimes flows into defensive sectors such as utilities. Growing electricity demand from data centers is also a factor raising interest in the sector.
Invesco Dorsey Wright Utilities Momentum ETF Pros and Cons
Its strength is momentum-based utility stock selection, while its drawbacks are sector concentration and a relatively high fee.
💪 Key Strengths
⚠️ Points to Watch
Invesco Dorsey Wright Utilities Momentum ETF Alternative ETFs and Related Products
The Invesco Dorsey Wright momentum series shown in the table (PTF, PRN, PTH, PSL, PYZ) consists of sister ETFs that apply the same momentum methodology to other sectors. For broader coverage of the utilities sector, market-cap-weighted funds such as XLU, VPU, and IDU are considered direct substitutes, and they track the entire sector at a low fee without momentum selection.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 PTF | Invesco Dorsey Wright Technology Momentum ETF | $93.47 | +4.2% | $493.5M | 0.60% | - | +18.6% |
 PRN | Invesco Dorsey Wright Industrials Momentum ETF | $190.46 | +3.2% | $289.8M | 0.60% | - | +8.2% |
 PTH | Invesco Dorsey Wright Healthcare Momentum ETF | $59.92 | +4.3% | $286.6M | 0.60% | 2.55% | +26.9% |
 PSL | Invesco Dorsey Wright Consumer Staples Momentum ETF | $115.97 | +2.3% | $80.5M | 0.60% | 0.69% | +16.0% |
 SMOM | Symmetry Panoramic Sector Momentum ETF | $28.82 | +2.0% | $71.4M | 0.63% | 0.15% | +13.4% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
| GEV | GE Vernova Inc | 0.05% | $829.34 | +7.1% | $219.5B | 21.8 | 0.24% |
| CEG | Constellation Energy Corp | 0.04% | $276.09 | +10.5% | $97.8B | 22.1 | 0.61% |
| OKE | Oneok Inc | 0.08% | $85.98 | +0.9% | $54.2B | 13.4 | 4.94% |
| ATO | Atmos Energy Corp | 0.04% | $173.35 | +0.1% | $29.3B | 20.6 | 2.48% |
 NI | NiSource Inc | 0.04% | $45.06 | +2.1% | $21.6B | 23.0 | 2.67% |
| DUK | Duke Energy Corp | 0.04% | $128.10 | +0.3% | $99.9B | 18.7 | 3.4% |
| SRE | Sempra | 0.04% | $78.77 | +0.8% | $51.5B | 16.9 | 3.35% |
| WEC | WEC Energy Group Inc | 0.04% | $117.15 | +1.1% | $38.5B | 21.3 | 3.25% |
 EVRG | Evergy Inc | 0.04% | $87.99 | +0.5% | $20.6B | 19.5 | 3.15% |
Invesco Dorsey Wright Utilities Momentum ETF Investor Checkpoints
Here are the points to review before investing in PUI. Although it is a utilities sector ETF, it is advisable to check its momentum-based stock selection, costs, interest rate sensitivity, and sector concentration in advance.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Expense ratio | Check the cumulative cost impact over a long holding period | Needs checking |
| 📊 Stock selection | Understand the difference between the momentum method and market-cap weighting | Momentum-based |
| 📈 Interest rate sensitivity | Check how the utilities sector reacts to interest rates | Fairly sensitive |
| 💱 Exchange rate | Impact on returns when converted to Korean won | No currency hedge |
Concentration in a single sector, utilities, and interest rate sensitivity are the main risk factors. Because of the momentum approach, holdings turn over frequently, so performance may diverge from broad indexes.
It is a suitable choice for investors who want to approach the utilities sector with a momentum method. To hold the entire sector at low cost, you can consider broad ETFs such as XLU and VPU, and if you want momentum selection, you can consider PUI.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of July 2, 2026.
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