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%	170.15M	Oct 2012	PIE vs MMTM
JMOM	JPMorgan U.S. Momentum Factor ETF	0.12%	2.40B	Nov 2017	PIE vs JMOM
VFMO	Vanguard U.S. Momentum Factor ETF	0.13%	1.60B	Feb 2018	PIE vs VFMO
SPMO	Invesco S&P 500 Momentum ETF	0.13%	19.93B	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 90. No ETFs in the Momentum category have higher risk-adjusted ranks; the top alternatives shown here go as high as 90.

Symbol	Name	Risk / Return Rank	AUM	Inception
QQQA	ProShares Nasdaq-100 Dorsey Wright Momentum ETF	90	45.43M	May 2021	PIE vs QQQA
ULVM	VictoryShares US Value Momentum ETF	83	254.71M	Oct 2017	PIE vs ULVM
FMTM	MarketDesk Focused U.S. Momentum ETF	82	33.97M	Mar 2025	PIE vs FMTM
PTF	Invesco DWA Technology Momentum ETF	82	729.40M	Oct 2006	PIE vs PTF
JMOM	JPMorgan U.S. Momentum Factor ETF	81	2.40B	Nov 2017	PIE vs JMOM

Top Performing PIE Alternatives (YTD)

PIE is at 39.11% YTD. There are 5 ETFs in the Momentum category with higher YTD returns, going as high as 77.58%.

Symbol	Name	YTD Return	AUM	Inception
PTF	Invesco DWA Technology Momentum ETF	77.58%	729.40M	Oct 2006	PIE vs PTF
QQQA	ProShares Nasdaq-100 Dorsey Wright Momentum ETF	65.37%	45.43M	May 2021	PIE vs QQQA
MTUL	ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN	60.22%	8.69M	Feb 2021	PIE vs MTUL
PRN	Invesco DWA Industrials Momentum ETF	41.80%	449.53M	Oct 2006	PIE vs PRN
EEMO	Invesco S&P Emerging Markets Momentum ETF	40.25%	15.51M	Feb 2012	PIE vs EEMO

Lowest Volatility Alternatives to PIE

PIE has 21.91% 1-year volatility. There are 38 ETFs in the Momentum category with lower 1-year volatility, going as low as 10.74%.

Symbol	Name	Volatility 1Y	AUM	Inception
ULVM	VictoryShares US Value Momentum ETF	10.74%	254.71M	Oct 2017	PIE vs ULVM
VAMO	Cambria Value and Momentum ETF	11.19%	48.34M	Sep 2015	PIE vs VAMO
SPVM	Invesco S&P 500 Value with Momentum ETF	11.63%	120.88M	Jun 2011	PIE vs SPVM
DVOL	First Trust Dorsey Wright Momentum & Low Volatilit...	11.79%	73.23M	Sep 2018	PIE vs DVOL
SMOM	Symmetry Panoramic Sector Momentum ETF	12.62%	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%	48.34M	Sep 2015	PIE vs VAMO
ULVM	VictoryShares US Value Momentum ETF	-6.47%	254.71M	Oct 2017	PIE vs ULVM
SPVM	Invesco S&P 500 Value with Momentum ETF	-6.57%	120.88M	Jun 2011	PIE vs SPVM
ONEO	SPDR Russell 1000 Momentum Focus ETF	-7.37%	28.31M	Dec 2015	PIE vs ONEO
JMOM	JPMorgan U.S. Momentum Factor ETF	-7.87%	2.40B	Nov 2017	PIE vs JMOM

Other ETFs from Invesco

The 10 most viewed Invesco ETFs shown here include QQQ, QQQM, RSP and span 12 categories. AUM among these funds goes as high as $494B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
QQQ	Invesco QQQ ETF	Nasdaq-100	73	21.30%	493.99B	Mar 1999	PIE vs QQQ
QQQM	Invesco NASDAQ 100 ETF	Nasdaq-100	74	21.39%	96.91B	Oct 2020	PIE vs QQQM
RSP	Invesco S&P 500 Equal Weight ETF	S&P 500	49	9.70%	89.51B	Apr 2003	PIE vs RSP
XLG	Invesco S&P 500 Top 50 ETF	S&P 500	56	7.57%	11.15B	May 2005	PIE vs XLG
SOXQ	Invesco PHLX Semiconductor ETF	Semiconductors, Technology Equities	96	96.72%	2.41B	Jun 2021	PIE vs SOXQ
SPHQ	Invesco S&P 500 Quality ETF	S&P 500, Large Cap Blend Equities	54	15.48%	18.88B	Dec 2005	PIE vs SPHQ
SPHD	Invesco S&P 500® High Dividend Low Volatility ETF	Dividend, S&P 500, Large Cap Value Equities	21	4.38%	3.23B	Oct 2012	PIE vs SPHD
PPA	Invesco Aerospace & Defense ETF	Aerospace & Defense, Industrials Equities	37	8.54%	8.37B	Oct 2005	PIE vs PPA
XMMO	Invesco S&P MidCap Momentum ETF	Momentum, Mid Cap Growth Equities	67	23.73%	7.49B	Mar 2005	PIE vs XMMO
IDMO	Invesco S&P International Developed Momentum ETF	Momentum, Foreign Large Cap Equities	40	7.74%	3.81B	Feb 2012	PIE vs IDMO

Often Compared With PIE

Investors most often compare PIE with EEM, PXH, AVES. These 20 comparison targets span 7 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	81	27.80%	30.33B	Apr 2003	PIE vs EEM
PXH	Invesco FTSE RAFI Emerging Markets ETF	Emerging Markets Equities	71	14.63%	1.99B	Sep 2007	PIE vs PXH
AVES	Avantis Emerging Markets Value ETF	Emerging Markets Equities	61	16.79%	1.40B	Sep 2021	PIE vs AVES
PIZ	Invesco DWA Developed Markets Momentum ETF	Momentum, Foreign Large Cap Equities	42	16.21%	785.02M	Dec 2007	PIE vs PIZ
FRDM	Freedom 100 Emerging Markets ETF	Emerging Markets Diversified	93	44.61%	2.93B	May 2019	PIE vs FRDM
AVEM	Avantis Emerging Markets Equity ETF	Foreign Large Cap Equities	82	27.59%	24.32B	Sep 2019	PIE vs AVEM
NFTY	First Trust India NIFTY 50 Equal Weight ETF	Asia Pacific Equities	3	-9.70%	133.88M	Feb 2012	PIE vs NFTY
EMOP	AB Emerging Markets Opportunities ETF	Emerging Markets Equities	—	32.56%	2.13B	Jun 2025	PIE vs EMOP
DGS	WisdomTree Emerging Markets SmallCap Dividend Fund	Emerging Markets Diversified, Dividend	51	14.53%	1.76B	Oct 2007	PIE vs DGS
DEM	WisdomTree Emerging Markets Equity Income Fund	Emerging Markets Equities	74	19.97%	3.78B	Jul 2007	PIE vs DEM
GEME	Pacific North of South Global Emerging Markets Equ...	Emerging Markets Equities	93	38.52%	72.25M	Jan 2025	PIE vs GEME
SCHE	Schwab Emerging Markets Equity ETF	Emerging Markets Equities	54	11.88%	12.74B	Jan 2010	PIE vs SCHE
VWO	Vanguard FTSE Emerging Markets ETF	Emerging Markets Equities	56	12.22%	159.90B	Mar 2005	PIE vs VWO
EMIF	iShares Emerging Markets Infrastructure ETF	Emerging Markets Equities	37	1.74%	13.58M	Jun 2009	PIE vs EMIF
EMCS	Xtrackers MSCI Emerging Markets Climate Selection ...	Emerging Markets Equities, ESG	85	33.83%	1.02B	Dec 2018	PIE vs EMCS
EMXF	iShares ESG Advanced MSCI EM ETF	Emerging Markets Equities	77	24.76%	160.74M	Oct 2020	PIE vs EMXF
AGEM	abrdn Emerging Markets Dividend Active ETF	Emerging Markets Equities	87	31.54%	344.79M	Feb 2025	PIE vs AGEM
DVYE	iShares Emerging Markets Dividend ETF	Emerging Markets Equities, Dividend	63	10.48%	1.28B	Feb 2012	PIE vs DVYE
QAT	iShares MSCI Qatar ETF	Emerging Markets Equities	10	-0.42%	83.74M	Apr 2014	PIE vs QAT
RNEM	First Trust Emerging Markets Equity Select ETF	Emerging Markets Equities	12	-1.51%	16.47M	Jun 2017	PIE vs RNEM

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