PIE Alternatives & Similar ETFs

Invesco DWA Emerging Markets Momentum ETF (PIE) belongs to the Momentum category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with PIE. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to PIE

PIE charges 0.90% annually. There are 46 ETFs in the Momentum category with lower expense ratios, going as low as 0.12%.

Symbol	Name	Expense Ratio	AUM	Inception
MMTM	SPDR S&P 1500 Momentum Tilt ETF	0.12%	190.72M	Oct 2012	PIE vs MMTM
JMOM	JPMorgan U.S. Momentum Factor ETF	0.12%	2.51B	Nov 2017	PIE vs JMOM
VFMO	Vanguard U.S. Momentum Factor ETF	0.13%	1.70B	Feb 2018	PIE vs VFMO
SPMO	Invesco S&P 500 Momentum ETF	0.13%	21.99B	Oct 2015	PIE vs SPMO
SEIM	SEI Enhanced US Large Cap Momentum Factor ETF	0.15%	989.57M	May 2022	PIE vs SEIM

Best Risk-Adjusted Alternatives to PIE

PIE has a PortfoliosLab risk / return rank of 85. There are 2 ETFs in the Momentum category with higher risk-adjusted ranks, going as high as 87.

Symbol	Name	Risk / Return Rank	AUM	Inception
QQQA	ProShares Nasdaq-100 Dorsey Wright Momentum ETF	87	78.15M	May 2021	PIE vs QQQA
ULVM	VictoryShares US Value Momentum ETF	86	265.83M	Oct 2017	PIE vs ULVM
SPVM	Invesco S&P 500 Value with Momentum ETF	83	110.21M	Jun 2011	PIE vs SPVM
FMTM	MarketDesk Focused U.S. Momentum ETF	81	170.29M	Mar 2025	PIE vs FMTM
JMOM	JPMorgan U.S. Momentum Factor ETF	76	2.51B	Nov 2017	PIE vs JMOM

Top Performing PIE Alternatives (YTD)

PIE is at 38.60% YTD. There are 4 ETFs in the Momentum category with higher YTD returns, going as high as 69.43%.

Symbol	Name	YTD Return	AUM	Inception
PTF	Invesco Dorsey Wright Technology Momentum ETF	69.43%	851.02M	Oct 2006	PIE vs PTF
MTUL	ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN	66.24%	9.32M	Feb 2021	PIE vs MTUL
QQQA	ProShares Nasdaq-100 Dorsey Wright Momentum ETF	64.24%	78.15M	May 2021	PIE vs QQQA
PRN	Invesco DWA Industrials Momentum ETF	45.08%	472.08M	Oct 2006	PIE vs PRN
EEMO	Invesco S&P Emerging Markets Momentum ETF	35.52%	21.60M	Feb 2012	PIE vs EEMO

Lowest Volatility Alternatives to PIE

PIE has 24.30% 1-year volatility. There are 42 ETFs in the Momentum category with lower 1-year volatility, going as low as 10.92%.

Symbol	Name	Volatility 1Y	AUM	Inception
ULVM	VictoryShares US Value Momentum ETF	10.92%	265.83M	Oct 2017	PIE vs ULVM
VAMO	Cambria Value and Momentum ETF	11.23%	104.56M	Sep 2015	PIE vs VAMO
SPVM	Invesco S&P 500 Value with Momentum ETF	11.64%	110.21M	Jun 2011	PIE vs SPVM
DVOL	First Trust Dorsey Wright Momentum & Low Volatilit...	11.87%	70.53M	Sep 2018	PIE vs DVOL
SMOM	Symmetry Panoramic Sector Momentum ETF	12.80%	43.72M	Sep 2025	PIE vs SMOM

Lowest Drawdown Alternatives to PIE

PIE has a 1-year max drawdown of -9.87%. There are 12 ETFs in the Momentum category with shallower 1-year drawdowns, going as shallow as -5.55%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
VAMO	Cambria Value and Momentum ETF	-5.55%	104.56M	Sep 2015	PIE vs VAMO
ULVM	VictoryShares US Value Momentum ETF	-6.47%	265.83M	Oct 2017	PIE vs ULVM
SPVM	Invesco S&P 500 Value with Momentum ETF	-6.57%	110.21M	Jun 2011	PIE vs SPVM
ONEO	SPDR Russell 1000 Momentum Focus ETF	-7.37%	28.67M	Dec 2015	PIE vs ONEO
JMOM	JPMorgan U.S. Momentum Factor ETF	-7.87%	2.51B	Nov 2017	PIE vs JMOM

Other ETFs from Invesco

The 10 most viewed Invesco ETFs shown here include QQQ, QQQM, RSP and span 13 categories. AUM among these funds goes as high as $493B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
QQQ	Invesco QQQ ETF	Nasdaq-100	59	16.45%	493.17B	Mar 1999	PIE vs QQQ
QQQM	Invesco NASDAQ 100 ETF	Nasdaq-100	60	16.48%	101.29B	Oct 2020	PIE vs QQQM
RSP	Invesco S&P 500 Equal Weight ETF	S&P 500, Equal Weight	49	9.94%	92.57B	Apr 2003	PIE vs RSP
SOXQ	Invesco PHLX Semiconductor ETF	Semiconductors, Technology Equities	94	90.62%	3.22B	Jun 2021	PIE vs SOXQ
XLG	Invesco S&P 500 Top 50 ETF	S&P 500	39	1.60%	10.60B	May 2005	PIE vs XLG
SPHQ	Invesco S&P 500 Quality ETF	S&P 500, Large Cap Blend Equities	61	16.54%	21.05B	Dec 2005	PIE vs SPHQ
SPHD	Invesco S&P 500® High Dividend Low Volatility ETF	Dividend, S&P 500, Large Cap Value Equities	30	8.20%	3.27B	Oct 2012	PIE vs SPHD
XMMO	Invesco S&P MidCap Momentum ETF	Momentum, Mid Cap Growth Equities	66	22.90%	8.18B	Mar 2005	PIE vs XMMO
PPA	Invesco Aerospace & Defense ETF	Aerospace & Defense, Industrials Equities	38	9.76%	8.26B	Oct 2005	PIE vs PPA
IDMO	Invesco S&P International Developed Momentum ETF	Momentum, Foreign Large Cap Equities	45	9.69%	3.93B	Feb 2012	PIE vs IDMO

Often Compared With PIE

Investors most often compare PIE with EEM, PXH, FRDM. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
EEM	iShares MSCI Emerging Markets ETF	Emerging Markets Diversified	67	23.41%	31.27B	Apr 2003	PIE vs EEM
PXH	Invesco FTSE RAFI Emerging Markets ETF	Emerging Markets Equities	58	10.82%	2.00B	Sep 2007	PIE vs PXH
FRDM	Freedom 100 Emerging Markets ETF	Emerging Markets Diversified	90	39.87%	2.93B	May 2019	PIE vs FRDM
PIZ	Invesco DWA Developed Markets Momentum ETF	Momentum, Foreign Large Cap Equities	38	14.98%	799.69M	Dec 2007	PIE vs PIZ
AVES	Avantis Emerging Markets Value ETF	Emerging Markets Equities	47	12.71%	1.40B	Sep 2021	PIE vs AVES
AVEM	Avantis Emerging Markets Equity ETF	Emerging Markets Equities	68	23.75%	24.32B	Sep 2019	PIE vs AVEM
NFTY	First Trust India NIFTY 50 Equal Weight ETF	Asia Pacific Equities, Equal Weight	5	-7.30%	136.58M	Feb 2012	PIE vs NFTY
EMOP	AB Emerging Markets Opportunities ETF	Emerging Markets Equities	76	27.21%	2.16B	Jun 2025	PIE vs EMOP
DGS	WisdomTree Emerging Markets SmallCap Dividend Fund	Emerging Markets Diversified, Dividend	45	12.85%	1.84B	Oct 2007	PIE vs DGS
GEME	Pacific North of South Global Emerging Markets Equ...	Emerging Markets Equities	90	32.99%	366.05M	Jan 2025	PIE vs GEME
DEM	WisdomTree Emerging Markets Equity Income Fund	Emerging Markets Equities	66	18.12%	4.03B	Jul 2007	PIE vs DEM
VWO	Vanguard FTSE Emerging Markets ETF	Emerging Markets Equities	49	10.55%	162.80B	Mar 2005	PIE vs VWO
QAT	iShares MSCI Qatar ETF	Emerging Markets Equities	17	1.01%	67.45M	Apr 2014	PIE vs QAT
SCHE	Schwab Emerging Markets Equity ETF	Emerging Markets Equities	48	10.23%	12.80B	Jan 2010	PIE vs SCHE
EMIF	iShares Emerging Markets Infrastructure ETF	Emerging Markets Equities	34	1.13%	13.34M	Jun 2009	PIE vs EMIF
AGEM	abrdn Emerging Markets Dividend Active ETF	Emerging Markets Equities	83	27.99%	374.25M	Feb 2025	PIE vs AGEM
DVYE	iShares Emerging Markets Dividend ETF	Emerging Markets Equities, Dividend	51	6.75%	1.21B	Feb 2012	PIE vs DVYE
EMXF	iShares ESG Advanced MSCI EM ETF	Emerging Markets Equities	71	24.26%	164.94M	Oct 2020	PIE vs EMXF
EMCS	Xtrackers MSCI Emerging Markets Climate Selection ...	Emerging Markets Equities, ESG	75	30.08%	1.07B	Dec 2018	PIE vs EMCS
EMXC	iShares MSCI Emerging Markets ex China ETF	Emerging Markets Equities	85	37.89%	26.40B	Jul 2017	PIE vs EMXC

Compare PIE with Any Fund or Stock

Compare PIE with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Diversifiers

Pair PIE with funds that move differently

Invesco DWA Emerging Markets Momentum ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PIE.

Explore PIE Diversifiers

Invesco DWA Emerging Markets Momentum ETF (PIE) Alternatives