PZW.TO Alternatives & Similar ETFs

Invesco FTSE RAFI Global Small-Mid ETF (PZW.TO) belongs to the Global Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with PZW.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to PZW.TO

Among 35 ETFs in the Global Equities category with expense-ratio data, the lowest-cost alternatives shown here go as low as 0.17%.

Symbol	Name	Expense Ratio	AUM	Inception
TEQT.TO	TD All-Equity ETF Portfolio	0.17%	—	Apr 2025	PZW.TO vs TEQT.TO
MEQT.TO	Mackenzie All-Equity Allocation ETF	0.17%	—	Nov 2023	PZW.TO vs MEQT.TO
ZEQT.TO	BMO All-Equity ETF	0.18%	852.71M	Jan 2022	PZW.TO vs ZEQT.TO
HEQT.TO	Horizons All-Equity Asset Allocation ETF	0.20%	—	Sep 2019	PZW.TO vs HEQT.TO
XEQT.TO	iShares Core Equity ETF Portfolio	0.20%	19.45B	Aug 2019	PZW.TO vs XEQT.TO

Best Risk-Adjusted Alternatives to PZW.TO

PZW.TO has a PortfoliosLab risk / return rank of 83. There are 10 ETFs in the Global Equities category with higher risk-adjusted ranks, going as high as 91.

Symbol	Name	Risk / Return Rank	AUM	Inception
FGEP.TO	Fidelity Global Equity+ Fund ETF	91	—	Oct 2023	PZW.TO vs FGEP.TO
MEQT.TO	Mackenzie All-Equity Allocation ETF	90	—	Nov 2023	PZW.TO vs MEQT.TO
ONEQ.TO	CI Global Core Plus Equity ETF	87	—	Sep 2015	PZW.TO vs ONEQ.TO
VEQT.TO	Vanguard All-Equity ETF Portfolio	87	14.70B	Jan 2019	PZW.TO vs VEQT.TO
TEQT.TO	TD All-Equity ETF Portfolio	87	—	Apr 2025	PZW.TO vs TEQT.TO

Top Performing PZW.TO Alternatives (YTD)

PZW.TO is at 17.33% YTD. There are 7 ETFs in the Global Equities category with higher YTD returns, going as high as 31.46%.

Symbol	Name	YTD Return	AUM	Inception
VMO.TO	Vanguard Global Momentum Factor ETF	31.46%	464.43M	Jun 2016	PZW.TO vs VMO.TO
CMGG.TO	CI Munro Global Growth Equity Fund	24.63%	—	Jan 2021	PZW.TO vs CMGG.TO
CIE.NEO	iShares International Fundamental Common Class	18.50%	—	Feb 2007	PZW.TO vs CIE.NEO
VDU.TO	Vanguard FTSE Developed All Cap ex U.S. Index ETF	18.46%	833.59M	Aug 2013	PZW.TO vs VDU.TO
GEQT.TO	iShares ESG Equity ETF Portfolio	18.33%	274.88M	Sep 2020	PZW.TO vs GEQT.TO

Lowest Volatility Alternatives to PZW.TO

PZW.TO has 14.17% 1-year volatility. There are 27 ETFs in the Global Equities category with lower 1-year volatility, going as low as 7.59%.

Symbol	Name	Volatility 1Y	AUM	Inception
XMW.TO	iShares MSCI Min Vol Global Index ETF	7.59%	168.36M	Jul 2012	PZW.TO vs XMW.TO
VVO.TO	Vanguard Global Minimum Volatility ETF	7.71%	41.80M	Jun 2016	PZW.TO vs VVO.TO
XML.TO	iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged)	9.19%	39.79M	Apr 2016	PZW.TO vs XML.TO
XDGH.TO	iShares Core MSCI Global Quality Dividend Index ET...	9.55%	169.10M	Jun 2017	PZW.TO vs XDGH.TO
CYH.TO	iShares Global Monthly Dividend Index ETF (CAD-Hed...	10.04%	193.02M	Jan 2008	PZW.TO vs CYH.TO

Lowest Drawdown Alternatives to PZW.TO

PZW.TO has a 1-year max drawdown of -8.50%. There are 20 ETFs in the Global Equities category with shallower 1-year drawdowns, going as shallow as -5.03%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
TINF.TO	TD Active Global Infrastructure Equity ETF	-5.03%	450.44M	May 2020	PZW.TO vs TINF.TO
XMW.TO	iShares MSCI Min Vol Global Index ETF	-5.14%	168.36M	Jul 2012	PZW.TO vs XMW.TO
CYH.TO	iShares Global Monthly Dividend Index ETF (CAD-Hed...	-5.34%	193.02M	Jan 2008	PZW.TO vs CYH.TO
XMI.TO	iShares MSCI Min Vol EAFE Index ETF	-6.12%	172.96M	Jul 2012	PZW.TO vs XMI.TO
XDGH.TO	iShares Core MSCI Global Quality Dividend Index ET...	-6.38%	169.10M	Jun 2017	PZW.TO vs XDGH.TO

Other ETFs from Invesco

The 10 most viewed Invesco ETFs shown here include QQC.TO, QQC-F.TO, EQL.TO and span 7 categories. AUM among these funds goes as high as $2B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
QQC.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	Nasdaq-100	77	23.96%	1.96B	May 2021	PZW.TO vs QQC.TO
QQC-F.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	Nasdaq-100	59	18.52%	1.54B	May 2021	PZW.TO vs QQC-F.TO
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	S&P 500, Equal Weight	74	15.40%	1.66B	May 2018	PZW.TO vs EQL.TO
INAI.TO	Invesco Morningstar Global Next Gen AI Index ETF	Technology Equities	49	33.05%	—	Jan 2024	PZW.TO vs INAI.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	S&P 500, Derivative Income, Equal Weight	88	14.10%	155.19M	Nov 2025	PZW.TO vs EQLI.TO
QQCI.TO	Invesco NASDAQ 100 Income Advantage ETF	Nasdaq-100	87	18.94%	59.49M	Nov 2025	PZW.TO vs QQCI.TO
ESG.TO	Invesco S&P 500 ESG Index ETF	S&P 500, ESG	77	14.09%	1.05B	Mar 2020	PZW.TO vs ESG.TO
QQCE.TO	Invesco ESG NASDAQ 100 Index ETF	Nasdaq-100	76	25.32%	—	Nov 2021	PZW.TO vs QQCE.TO
TLV.TO	Invesco S&P/TSX Composite Low Volatility Index ETF	Canada Equities	97	16.11%	99.35M	Apr 2012	PZW.TO vs TLV.TO
ESGC.TO	Invesco S&P/TSX Composite ESG Index ETF	Canada Equities, ESG	86	13.32%	—	Oct 2020	PZW.TO vs ESGC.TO

Often Compared With PZW.TO

Investors most often compare PZW.TO with PXC.TO, XWD.TO, XDG.TO. These 15 comparison targets span 2 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
PXC.TO	Invesco RAFI Canadian Index ETF	Canada Equities	96	17.43%	245.79M	Jan 2012	PZW.TO vs PXC.TO
XWD.TO	iShares MSCI World Index ETF	Global Equities	80	13.24%	1.69B	Jun 2009	PZW.TO vs XWD.TO
XDG.TO	iShares Core MSCI Global Quality Dividend Index ET...	Global Equities	70	12.72%	758.37M	Jun 2017	PZW.TO vs XDG.TO
VEF.TO	Vanguard FTSE Developed All Cap Ex US	Global Equities	85	17.77%	1.27B	Nov 2011	PZW.TO vs VEF.TO
VVL.TO	Vanguard Global Value Factor ETF CAD	Global Equities	80	14.42%	751.34M	Jun 2016	PZW.TO vs VVL.TO
EVO.TO	Evovest Global Equity ETF	Global Equities	11	13.09%	—	Mar 2024	PZW.TO vs EVO.TO
VXC.TO	Vanguard FTSE Global All Cap ex Canada Index ETF	Global Equities	82	15.60%	3.45B	Jun 2014	PZW.TO vs VXC.TO
XAW.TO	iShares Core MSCI All Country World ex Canada Inde...	Global Equities	83	15.80%	4.37B	Feb 2015	PZW.TO vs XAW.TO
TGGR.TO	TD Active Global Equity Growth ETF	Global Equities	68	13.94%	44.10M	May 2020	PZW.TO vs TGGR.TO
WSHR.NEO	Wealthsimple Shariah World Equity Index ETF	Global Equities	29	8.42%	—	May 2021	PZW.TO vs WSHR.NEO
XMY.TO	iShares MSCI Min Vol Global Index ETF (CAD-Hedged)	Global Equities	17	2.01%	21.34M	Apr 2016	PZW.TO vs XMY.TO
TTTX.TO	Global X Innovative Bluechip Top 10 Index ETF	Global Equities	69	9.57%	6.12M	May 2024	PZW.TO vs TTTX.TO
XFH.TO	iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged)	Global Equities	73	12.09%	3.04B	Feb 2015	PZW.TO vs XFH.TO
XIN.TO	iShares MSCI EAFE Index ETF (CAD-Hedged)	Global Equities	68	12.28%	1.89B	Sep 2001	PZW.TO vs XIN.TO
CAGE.TO	Avantis CIBC All-Equity Asset Allocation ETF	Global Equities	—	—	—	Mar 2026	PZW.TO vs CAGE.TO

Compare PZW.TO with Any Fund or Stock

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

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Diversifiers

Pair PZW.TO with funds that move differently

Invesco FTSE RAFI Global Small-Mid ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PZW.TO.

Explore PZW.TO Diversifiers

Invesco FTSE RAFI Global Small-Mid ETF (PZW.TO) Alternatives