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%	163.90M	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%	22.01B	Oct 2015	PIE vs SPMO
MTUM	iShares MSCI USA Momentum Factor ETF	0.15%	27.36B	Apr 2013	PIE vs MTUM

Best Risk-Adjusted Alternatives to PIE

PIE has a PortfoliosLab risk / return rank of 87. There are 3 ETFs in the Momentum category with higher risk-adjusted ranks, going as high as 91.

Symbol	Name	Risk / Return Rank	AUM	Inception
ULVM	VictoryShares US Value Momentum ETF	91	261.13M	Oct 2017	PIE vs ULVM
SPVM	Invesco S&P 500 Value with Momentum ETF	89	117.88M	Jun 2011	PIE vs SPVM
PTH	Invesco DWA Healthcare Momentum ETF	87	169.34M	Oct 2006	PIE vs PTH
USVM	VictoryShares US Small Mid Cap Value Momentum ETF	83	1.73B	Oct 2017	PIE vs USVM
QQQA	ProShares Nasdaq-100 Dorsey Wright Momentum ETF	82	81.18M	May 2021	PIE vs QQQA

Top Performing PIE Alternatives (YTD)

PIE is at 36.00% YTD. There are 3 ETFs in the Momentum category with higher YTD returns, going as high as 57.61%.

Symbol	Name	YTD Return	AUM	Inception
MTUL	ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN	57.61%	9.04M	Feb 2021	PIE vs MTUL
QQQA	ProShares Nasdaq-100 Dorsey Wright Momentum ETF	52.29%	81.18M	May 2021	PIE vs QQQA
PTF	Invesco Dorsey Wright Technology Momentum ETF	47.90%	752.12M	Oct 2006	PIE vs PTF
PRN	Invesco DWA Industrials Momentum ETF	31.17%	444.50M	Oct 2006	PIE vs PRN
PXI	Invesco DWA Energy Momentum ETF	30.62%	64.78M	Oct 2006	PIE vs PXI

Lowest Volatility Alternatives to PIE

PIE has 25.16% 1-year volatility. There are 41 ETFs in the Momentum category with lower 1-year volatility, going as low as 10.81%.

Symbol	Name	Volatility 1Y	AUM	Inception
ULVM	VictoryShares US Value Momentum ETF	10.81%	261.13M	Oct 2017	PIE vs ULVM
VAMO	Cambria Value and Momentum ETF	11.16%	106.10M	Sep 2015	PIE vs VAMO
SPVM	Invesco S&P 500 Value with Momentum ETF	11.46%	117.88M	Jun 2011	PIE vs SPVM
DVOL	First Trust Dorsey Wright Momentum & Low Volatilit...	11.67%	72.37M	Sep 2018	PIE vs DVOL
SMOM	Symmetry Panoramic Sector Momentum ETF	12.52%	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%	106.10M	Sep 2015	PIE vs VAMO
ULVM	VictoryShares US Value Momentum ETF	-6.47%	261.13M	Oct 2017	PIE vs ULVM
SPVM	Invesco S&P 500 Value with Momentum ETF	-6.57%	117.88M	Jun 2011	PIE vs SPVM
ONEO	SPDR Russell 1000 Momentum Focus ETF	-7.37%	28.92M	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 $481B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
QQQ	Invesco QQQ ETF	Nasdaq-100	61	17.43%	481.14B	Mar 1999	PIE vs QQQ
QQQM	Invesco NASDAQ 100 ETF	Nasdaq-100	61	17.45%	100.59B	Oct 2020	PIE vs QQQM
RSP	Invesco S&P 500 Equal Weight ETF	S&P 500, Equal Weight	56	12.34%	96.24B	Apr 2003	PIE vs RSP
SOXQ	Invesco PHLX Semiconductor ETF	Semiconductors, Technology Equities	93	79.01%	2.58B	Jun 2021	PIE vs SOXQ
XLG	Invesco S&P 500 Top 50 ETF	S&P 500	41	4.48%	10.85B	May 2005	PIE vs XLG
SPHQ	Invesco S&P 500 Quality ETF	S&P 500, Large Cap Blend Equities	65	16.67%	20.11B	Dec 2005	PIE vs SPHQ
SPHD	Invesco S&P 500® High Dividend Low Volatility ETF	Dividend, S&P 500, Large Cap Value Equities	36	11.04%	3.29B	Oct 2012	PIE vs SPHD
XMMO	Invesco S&P MidCap Momentum ETF	Momentum, Mid Cap Growth Equities	51	16.50%	7.45B	Mar 2005	PIE vs XMMO
PPA	Invesco Aerospace & Defense ETF	Aerospace & Defense, Industrials Equities	32	9.74%	8.22B	Oct 2005	PIE vs PPA
IDMO	Invesco S&P International Developed Momentum ETF	Momentum, Foreign Large Cap Equities	45	9.24%	3.99B	Feb 2012	PIE vs IDMO

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	41	25.76%	25.97M	Feb 2012	PIE vs EEMO
EEM	iShares MSCI Emerging Markets ETF	Emerging Markets Diversified	65	20.66%	29.54B	Apr 2003	PIE vs EEM
PXH	Invesco FTSE RAFI Emerging Markets ETF	Emerging Markets Equities	59	11.45%	1.90B	Sep 2007	PIE vs PXH
PIZ	Invesco DWA Developed Markets Momentum ETF	Momentum, Foreign Large Cap Equities	30	10.39%	750.03M	Dec 2007	PIE vs PIZ
FRDM	Freedom 100 Emerging Markets ETF	Emerging Markets Diversified	89	33.91%	2.93B	May 2019	PIE vs FRDM
AVES	Avantis Emerging Markets Value ETF	Emerging Markets Equities	40	11.03%	1.46B	Sep 2021	PIE vs AVES
AVEM	Avantis Emerging Markets Equity ETF	Emerging Markets Equities	63	20.78%	25.69B	Sep 2019	PIE vs AVEM
EMOP	AB Emerging Markets Opportunities ETF	Emerging Markets Equities	74	24.97%	2.10B	Jun 2025	PIE vs EMOP
NFTY	First Trust India NIFTY 50 Equal Weight ETF	India Equities, Equal Weight, Asia Pacific Equities	4	-8.10%	132.86M	Feb 2012	PIE vs NFTY
GEME	Pacific North of South Global Emerging Markets Equ...	Emerging Markets Equities	89	29.59%	366.05M	Jan 2025	PIE vs GEME
DEM	WisdomTree Emerging Markets Equity Income Fund	Emerging Markets Equities	61	17.36%	3.91B	Jul 2007	PIE vs DEM
QAT	iShares MSCI Qatar ETF	Emerging Markets Equities	9	-2.07%	65.85M	Apr 2014	PIE vs QAT
DGS	WisdomTree Emerging Markets SmallCap Dividend Fund	Emerging Markets Diversified, Dividend	39	12.49%	1.78B	Oct 2007	PIE vs DGS
VWO	Vanguard FTSE Emerging Markets ETF	Emerging Markets Equities	47	10.03%	162.80B	Mar 2005	PIE vs VWO
EMXF	iShares ESG Advanced MSCI EM ETF	Emerging Markets Equities	65	21.64%	164.92M	Oct 2020	PIE vs EMXF
EMIF	iShares Emerging Markets Infrastructure ETF	Emerging Markets Equities	27	-0.87%	13.17M	Jun 2009	PIE vs EMIF
FMTM	MarketDesk Focused U.S. Momentum ETF	Momentum, Large Cap Growth Equities	82	26.05%	170.29M	Mar 2025	PIE vs FMTM
DVYE	iShares Emerging Markets Dividend ETF	Emerging Markets Equities, Dividend	50	9.07%	1.20B	Feb 2012	PIE vs DVYE
EMXC	iShares MSCI Emerging Markets ex China ETF	Emerging Markets Equities	82	32.80%	24.99B	Jul 2017	PIE vs EMXC
AGEM	abrdn Emerging Markets Dividend Active ETF	Emerging Markets Equities	78	25.48%	356.48M	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