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 48 ETFs in the Momentum category with lower expense ratios, going as low as 0.12%.

Symbol	Name	Expense Ratio	AUM	Inception
JMOM	JPMorgan U.S. Momentum Factor ETF	0.12%	2.50B	Nov 2017	PIE vs JMOM
MMTM	State Street SPDR S&P 1500 Momentum Tilt ETF	0.12%	158.22M	Oct 2012	PIE vs MMTM
SPMO	Invesco S&P 500 Momentum ETF	0.13%	21.05B	Oct 2015	PIE vs SPMO
VFMO	Vanguard U.S. Momentum Factor ETF	0.13%	2.00B	Feb 2018	PIE vs VFMO
MTUM	iShares MSCI USA Momentum Factor ETF	0.15%	25.32B	Apr 2013	PIE vs MTUM

Best Risk-Adjusted Alternatives to PIE

PIE has a PortfoliosLab risk / return rank of 71. There are 17 ETFs in the Momentum category with higher risk-adjusted ranks, going as high as 95.

Symbol	Name	Risk / Return Rank	AUM	Inception
ULVM	VictoryShares US Value Momentum ETF	95	266.04M	Oct 2017	PIE vs ULVM
SPVM	Invesco S&P 500 Value with Momentum ETF	94	130.46M	Jun 2011	PIE vs SPVM
USVM	VictoryShares US Small Mid Cap Value Momentum ETF	93	1.77B	Oct 2017	PIE vs USVM
XMVM	Invesco S&P MidCap Value with Momentum ETF	92	505.02M	Mar 2005	PIE vs XMVM
XSVM	Invesco S&P SmallCap Value with Momentum ETF	91	673.30M	Mar 2005	PIE vs XSVM

Top Performing PIE Alternatives (YTD)

PIE is at 29.63% YTD. There are 4 ETFs in the Momentum category with higher YTD returns, going as high as 44.44%.

Symbol	Name	YTD Return	AUM	Inception
QQQA	ProShares Nasdaq-100 Dorsey Wright Momentum ETF	44.44%	69.09M	May 2021	PIE vs QQQA
MTUL	ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN	39.46%	8.12M	Feb 2021	PIE vs MTUL
PTF	Invesco Dorsey Wright Technology Momentum ETF	32.93%	596.23M	Oct 2006	PIE vs PTF
PXI	Invesco DWA Energy Momentum ETF	30.24%	52.45M	Oct 2006	PIE vs PXI
XSVM	Invesco S&P SmallCap Value with Momentum ETF	27.31%	673.30M	Mar 2005	PIE vs XSVM

Lowest Volatility Alternatives to PIE

PIE has 27.21% 1-year volatility. There are 45 ETFs in the Momentum category with lower 1-year volatility, going as low as 10.77%.

Symbol	Name	Volatility 1Y	AUM	Inception
ULVM	VictoryShares US Value Momentum ETF	10.77%	266.04M	Oct 2017	PIE vs ULVM
VAMO	Cambria Value and Momentum ETF	10.97%	108.69M	Sep 2015	PIE vs VAMO
SPVM	Invesco S&P 500 Value with Momentum ETF	11.35%	130.46M	Jun 2011	PIE vs SPVM
DVOL	First Trust Dorsey Wright Momentum & Low Volatilit...	11.84%	73.54M	Sep 2018	PIE vs DVOL
SMOM	Symmetry Panoramic Sector Momentum ETF	12.40%	43.72M	Sep 2025	PIE vs SMOM

Lowest Drawdown Alternatives to PIE

PIE has a 1-year max drawdown of -17.26%. There are 39 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%	108.69M	Sep 2015	PIE vs VAMO
ULVM	VictoryShares US Value Momentum ETF	-6.47%	266.04M	Oct 2017	PIE vs ULVM
SPVM	Invesco S&P 500 Value with Momentum ETF	-6.57%	130.46M	Jun 2011	PIE vs SPVM
ONEO	SPDR Russell 1000 Momentum Focus ETF	-7.37%	29.12M	Dec 2015	PIE vs ONEO
JMOM	JPMorgan U.S. Momentum Factor ETF	-8.02%	2.50B	Nov 2017	PIE vs JMOM

Other ETFs from Invesco

The 10 most viewed Invesco ETFs shown here include QQQ, QQQM, RSP and span 14 categories. AUM among these funds goes as high as $453B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
QQQ	Invesco QQQ ETF	Nasdaq-100	58	14.23%	452.80B	Mar 1999	PIE vs QQQ
QQQM	Invesco NASDAQ 100 ETF	Nasdaq-100	59	14.26%	97.11B	Oct 2020	PIE vs QQQM
RSP	Invesco S&P 500 Equal Weight ETF	S&P 500, Equal Weight	79	14.26%	96.96B	Apr 2003	PIE vs RSP
SOXQ	Invesco PHLX Semiconductor ETF	Semiconductors, Technology Equities	88	61.64%	2.58B	Jun 2021	PIE vs SOXQ
SPHQ	Invesco S&P 500 Quality ETF	Quality Factor, S&P 500, Large Cap Blend Equities	65	14.14%	19.45B	Dec 2005	PIE vs SPHQ
XLG	Invesco S&P 500 Top 50 ETF	S&P 500	45	4.68%	10.56B	May 2005	PIE vs XLG
SPHD	Invesco S&P 500® High Dividend Low Volatility ETF	Dividend, S&P 500, Low Volatility	55	12.76%	4.04B	Oct 2012	PIE vs SPHD
XMMO	Invesco S&P MidCap Momentum ETF	Momentum, Mid Cap Growth Equities	44	13.32%	7.18B	Mar 2005	PIE vs XMMO
IDMO	Invesco S&P International Developed Momentum ETF	Momentum, Foreign Large Cap Equities	58	11.63%	4.08B	Feb 2012	PIE vs IDMO
PPA	Invesco Aerospace & Defense ETF	Aerospace & Defense, Industrials Equities	45	14.49%	8.26B	Oct 2005	PIE vs PPA

Often Compared With PIE

Investors most often compare PIE with EEMO, EEM, PXH. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
EEMO	Invesco S&P Emerging Markets Momentum ETF	Momentum, Emerging Markets Equities	29	15.43%	23.15M	Feb 2012	PIE vs EEMO
EEM	iShares MSCI Emerging Markets ETF	Emerging Markets Equities	64	18.18%	29.16B	Apr 2003	PIE vs EEM
PXH	Invesco FTSE RAFI Emerging Markets ETF	Emerging Markets Equities	75	14.44%	1.95B	Sep 2007	PIE vs PXH
PIZ	Invesco DWA Developed Markets Momentum ETF	Momentum, Foreign Large Cap Equities	31	7.58%	723.85M	Dec 2007	PIE vs PIZ
FRDM	Freedom 100 Emerging Markets ETF	Emerging Markets Equities	85	28.77%	2.93B	May 2019	PIE vs FRDM
AVES	Avantis Emerging Markets Value ETF	Emerging Markets Equities	42	8.94%	1.41B	Sep 2021	PIE vs AVES
AVEM	Avantis Emerging Markets Equity ETF	Emerging Markets Equities	62	17.91%	25.76B	Sep 2019	PIE vs AVEM
EMOP	AB Emerging Markets Opportunities ETF	Emerging Markets Equities	69	21.72%	1.96B	Jun 2025	PIE vs EMOP
GEME	Pacific North of South Global Emerging Markets Equ...	Emerging Markets Equities	90	30.26%	366.05M	Jan 2025	PIE vs GEME
DEM	WisdomTree Emerging Markets Equity Income Fund	Dividend, Emerging Markets Equities	75	17.69%	3.87B	Jul 2007	PIE vs DEM
NFTY	First Trust India NIFTY 50 Equal Weight ETF	India Equities, Equal Weight, Asia Pacific Equities	9	-5.08%	118.19M	Feb 2012	PIE vs NFTY
QAT	iShares MSCI Qatar ETF	Emerging Markets Equities	5	-2.98%	62.71M	Apr 2014	PIE vs QAT
VWO	Vanguard FTSE Emerging Markets ETF	Emerging Markets Equities	52	9.99%	163.30B	Mar 2005	PIE vs VWO
EMXF	iShares ESG Advanced MSCI EM ETF	Emerging Markets Equities	70	20.80%	159.73M	Oct 2020	PIE vs EMXF
FMTM	MarketDesk Focused U.S. Momentum ETF	Momentum, Large Cap Growth Equities	74	21.20%	170.29M	Mar 2025	PIE vs FMTM
DGS	WisdomTree Emerging Markets SmallCap Dividend Fund	Dividend, Emerging Markets Equities	41	9.26%	1.71B	Oct 2007	PIE vs DGS
DVYE	iShares Emerging Markets Dividend ETF	Emerging Markets Equities, Dividend	73	12.05%	1.22B	Feb 2012	PIE vs DVYE
EMIF	iShares Emerging Markets Infrastructure ETF	Infrastructure Equities, Emerging Markets Equities	36	0.90%	13.22M	Jun 2009	PIE vs EMIF
EMXC	iShares MSCI Emerging Markets ex China ETF	Emerging Markets Equities	78	28.12%	23.65B	Jul 2017	PIE vs EMXC
AGEM	abrdn Emerging Markets Dividend Active ETF	Emerging Markets Equities	77	25.84%	344.21M	Feb 2025	PIE vs AGEM

Compare PIE with Any Fund or Stock

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

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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