Invesco DWA Developed Markets Momentum ETF (PIZ) 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 PIZ. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PIZ
PIZ charges 0.80% annually. There are 45 ETFs in the Momentum category with lower expense ratios, going as low as 0.12%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| JPMorgan U.S. Momentum Factor ETF | 0.12% | 2.50B | Nov 2017 | PIZ vs JMOM | |
| State Street SPDR S&P 1500 Momentum Tilt ETF | 0.12% | 158.22M | Oct 2012 | PIZ vs MMTM | |
| Vanguard U.S. Momentum Factor ETF | 0.13% | 2.00B | Feb 2018 | PIZ vs VFMO | |
| Invesco S&P 500 Momentum ETF | 0.13% | 21.05B | Oct 2015 | PIZ vs SPMO | |
| iShares MSCI USA Momentum Factor ETF | 0.15% | 25.32B | Apr 2013 | PIZ vs MTUM |
Best Risk-Adjusted Alternatives to PIZ
PIZ has a PortfoliosLab risk / return rank of 31. There are 44 ETFs in the Momentum category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| VictoryShares US Value Momentum ETF | 95 | 266.04M | Oct 2017 | PIZ vs ULVM | |
| Invesco S&P 500 Value with Momentum ETF | 94 | 130.46M | Jun 2011 | PIZ vs SPVM | |
| VictoryShares US Small Mid Cap Value Momentum ETF | 93 | 1.77B | Oct 2017 | PIZ vs USVM | |
| Invesco S&P MidCap Value with Momentum ETF | 92 | 505.02M | Mar 2005 | PIZ vs XMVM | |
| Invesco S&P SmallCap Value with Momentum ETF | 91 | 673.30M | Mar 2005 | PIZ vs XSVM |
Top Performing PIZ Alternatives (YTD)
PIZ is at 7.58% YTD. There are 46 ETFs in the Momentum category with higher YTD returns, going as high as 44.44%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Nasdaq-100 Dorsey Wright Momentum ETF | 44.44% | 69.09M | May 2021 | PIZ vs QQQA | |
| ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN | 39.46% | 8.12M | Feb 2021 | PIZ vs MTUL | |
| Invesco Dorsey Wright Technology Momentum ETF | 32.93% | 596.23M | Oct 2006 | PIZ vs PTF | |
| Invesco DWA Energy Momentum ETF | 30.24% | 52.45M | Oct 2006 | PIZ vs PXI | |
| Invesco DWA Emerging Markets Momentum ETF | 29.63% | 228.29M | Dec 2007 | PIZ vs PIE |
Lowest Volatility Alternatives to PIZ
PIZ has 23.70% 1-year volatility. There are 35 ETFs in the Momentum category with lower 1-year volatility, going as low as 10.77%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| VictoryShares US Value Momentum ETF | 10.77% | 266.04M | Oct 2017 | PIZ vs ULVM | |
| Cambria Value and Momentum ETF | 10.97% | 108.69M | Sep 2015 | PIZ vs VAMO | |
| Invesco S&P 500 Value with Momentum ETF | 11.35% | 130.46M | Jun 2011 | PIZ vs SPVM | |
| First Trust Dorsey Wright Momentum & Low Volatilit... | 11.84% | 73.54M | Sep 2018 | PIZ vs DVOL | |
| Symmetry Panoramic Sector Momentum ETF | 12.40% | 43.72M | Sep 2025 | PIZ vs SMOM |
Lowest Drawdown Alternatives to PIZ
PIZ has a 1-year max drawdown of -15.97%. There are 37 ETFs in the Momentum category with shallower 1-year drawdowns, going as shallow as -5.55%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Cambria Value and Momentum ETF | -5.55% | 108.69M | Sep 2015 | PIZ vs VAMO | |
| VictoryShares US Value Momentum ETF | -6.47% | 266.04M | Oct 2017 | PIZ vs ULVM | |
| Invesco S&P 500 Value with Momentum ETF | -6.57% | 130.46M | Jun 2011 | PIZ vs SPVM | |
| SPDR Russell 1000 Momentum Focus ETF | -7.37% | 29.12M | Dec 2015 | PIZ vs ONEO | |
| JPMorgan U.S. Momentum Factor ETF | -8.02% | 2.50B | Nov 2017 | PIZ 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 | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 58 | 14.23% | 452.80B | Mar 1999 | PIZ vs QQQ | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 59 | 14.26% | 97.11B | Oct 2020 | PIZ vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500, Equal Weight | 79 | 14.26% | 96.96B | Apr 2003 | PIZ vs RSP | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 88 | 61.64% | 2.58B | Jun 2021 | PIZ vs SOXQ | |
| Invesco S&P 500 Quality ETF | Quality Factor, S&P 500, Large Cap Blend Equities | 65 | 14.14% | 19.45B | Dec 2005 | PIZ vs SPHQ | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 45 | 4.68% | 10.56B | May 2005 | PIZ vs XLG | |
| Invesco S&P 500® High Dividend Low Volatility ETF | Dividend, S&P 500, Low Volatility | 55 | 12.76% | 4.04B | Oct 2012 | PIZ vs SPHD | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 44 | 13.32% | 7.18B | Mar 2005 | PIZ vs XMMO | |
| Invesco S&P International Developed Momentum ETF | Momentum, Foreign Large Cap Equities | 58 | 11.63% | 4.08B | Feb 2012 | PIZ vs IDMO | |
| Invesco Aerospace & Defense ETF | Aerospace & Defense, Industrials Equities | 45 | 14.49% | 8.26B | Oct 2005 | PIZ vs PPA |
Often Compared With PIZ
Investors most often compare PIZ with DSTX, WCMIX, IPOS. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare PIZ with Any Fund or Stock
Compare PIZ with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PIZ with funds that move differently
Invesco DWA Developed Markets Momentum ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PIZ.
Explore PIZ Diversifiers