Invesco DWA Emerging Markets Momentum ETF (PIE)

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The chart shows the growth of an initial investment of $10,000 in Invesco DWA Emerging Markets Momentum ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Invesco DWA Emerging Markets Momentum ETF (PIE) has returned 10.23% so far this year and 46.75% over the past 12 months. Over the last ten years, PIE has returned 7.75% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Dec 28, 2007, PIE's average daily return is +0.02%, while the average monthly return is +0.35%. At this rate, your investment would double in approximately 16.5 years.

Historically, 58% of months were positive and 42% were negative. The best month was Apr 2009 with a return of +17.1%, while the worst month was Oct 2008 at -30.5%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 6 months.

On a daily basis, PIE closed higher 52% of trading days. The best single day was Mar 11, 2008 with a return of +12.8%, while the worst single day was Mar 16, 2020 at -12.7%.

Invesco DWA Emerging Markets Momentum ETF has an annualized alpha of -4.48%, beta of 0.92, and R² of 0.55 versus S&P 500 Index. Calculated based on daily prices since December 31, 2007.

• This ETF participated in 111.54% of S&P 500 Index downside but only 82.53% of its upside — more exposed to losses than it benefited from rallies.
• This ETF had an annualized alpha of -4.48% versus S&P 500 Index — delivering less than market exposure alone would predict.
• With beta of 0.92 and R² of 0.55, this ETF moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

PIE has an expense ratio of 0.90%, placing it in the medium range.

PIE ranks 90 for risk / return — in the top 90% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Invesco DWA Emerging Markets Momentum ETF (PIE) and compare them to a chosen benchmark (S&P 500 Index).

Invesco DWA Emerging Markets Momentum ETF provided a 2.14% dividend yield over the last twelve months, with an annual payout of $0.56 per share.

The table displays the monthly dividend distributions for Invesco DWA Emerging Markets Momentum ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Invesco DWA Emerging Markets Momentum ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Invesco DWA Emerging Markets Momentum ETF was 72.98%, occurring on Mar 2, 2009. Recovery took 2973 trading sessions.

The current Invesco DWA Emerging Markets Momentum ETF drawdown is 8.10%.

The chart below shows the rolling one-month volatility.