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 36 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%	890.17M	Jan 2022	PZW.TO vs ZEQT.TO
XEQT.TO	iShares Core Equity ETF Portfolio	0.20%	20.38B	Aug 2019	PZW.TO vs XEQT.TO
HEQT.TO	Horizons All-Equity Asset Allocation ETF	0.20%	—	Sep 2019	PZW.TO vs HEQT.TO

Best Risk-Adjusted Alternatives to PZW.TO

PZW.TO has a PortfoliosLab risk / return rank of 86. There are 7 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
ONEQ.TO	CI Global Core Plus Equity ETF	89	57.12M	Sep 2015	PZW.TO vs ONEQ.TO
CIE.NEO	iShares International Fundamental Common Class	88	—	Feb 2007	PZW.TO vs CIE.NEO
VVL.TO	Vanguard Global Value Factor ETF CAD	88	800.80M	Jun 2016	PZW.TO vs VVL.TO
DRFG.TO	Desjardins RI Global Multifactor Fossil Fuel Reser...	87	28.10M	Mar 2019	PZW.TO vs DRFG.TO

Top Performing PZW.TO Alternatives (YTD)

PZW.TO is at 16.26% YTD. There are 5 ETFs in the Global Equities category with higher YTD returns, going as high as 36.16%.

Symbol	Name	YTD Return	AUM	Inception
FINN.NEO	Fidelity Global Innovators ETF	36.16%	—	May 2023	PZW.TO vs FINN.NEO
VMO.TO	Vanguard Global Momentum Factor ETF	18.49%	511.94M	Jun 2016	PZW.TO vs VMO.TO
FGEP.TO	Fidelity Global Equity+ Fund ETF	18.48%	—	Oct 2023	PZW.TO vs FGEP.TO
VVL.TO	Vanguard Global Value Factor ETF CAD	17.16%	800.80M	Jun 2016	PZW.TO vs VVL.TO
CIE.NEO	iShares International Fundamental Common Class	17.04%	—	Feb 2007	PZW.TO vs CIE.NEO

Lowest Volatility Alternatives to PZW.TO

PZW.TO has 14.21% 1-year volatility. There are 31 ETFs in the Global Equities category with lower 1-year volatility, going as low as 7.65%.

Symbol	Name	Volatility 1Y	AUM	Inception
XMW.TO	iShares MSCI Min Vol Global Index ETF	7.65%	168.78M	Jul 2012	PZW.TO vs XMW.TO
VVO.TO	Vanguard Global Minimum Volatility ETF	7.76%	42.10M	Jun 2016	PZW.TO vs VVO.TO
XML.TO	iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged)	9.28%	48.95M	Apr 2016	PZW.TO vs XML.TO
XDGH.TO	iShares Core MSCI Global Quality Dividend Index ET...	9.96%	172.86M	Jun 2017	PZW.TO vs XDGH.TO
XMY.TO	iShares MSCI Min Vol Global Index ETF (CAD-Hedged)	10.23%	21.99M	Apr 2016	PZW.TO vs XMY.TO

Lowest Drawdown Alternatives to PZW.TO

PZW.TO has a 1-year max drawdown of -8.50%. There are 21 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%	454.08M	May 2020	PZW.TO vs TINF.TO
XMW.TO	iShares MSCI Min Vol Global Index ETF	-5.14%	168.78M	Jul 2012	PZW.TO vs XMW.TO
CYH.TO	iShares Global Monthly Dividend Index ETF (CAD-Hed...	-5.34%	196.13M	Jan 2008	PZW.TO vs CYH.TO
XMI.TO	iShares MSCI Min Vol EAFE Index ETF	-6.12%	175.65M	Jul 2012	PZW.TO vs XMI.TO
XDGH.TO	iShares Core MSCI Global Quality Dividend Index ET...	-6.38%	172.86M	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 $4B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
QQC.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	Nasdaq-100	59	16.28%	3.73B	May 2021	PZW.TO vs QQC.TO
QQC-F.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	Nasdaq-100	44	12.17%	3.73B	May 2021	PZW.TO vs QQC-F.TO
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	S&P 500, Equal Weight	71	14.27%	3.02B	May 2018	PZW.TO vs EQL.TO
INAI.TO	Invesco Morningstar Global Next Gen AI Index ETF	Technology Equities	40	25.42%	—	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	86	12.84%	169.56M	Nov 2025	PZW.TO vs EQLI.TO
QQCI.TO	Invesco NASDAQ 100 Income Advantage ETF	Nasdaq-100	74	13.06%	63.79M	Nov 2025	PZW.TO vs QQCI.TO
QQCE.TO	Invesco ESG NASDAQ 100 Index ETF	Nasdaq-100	59	17.64%	—	Nov 2021	PZW.TO vs QQCE.TO
ESG.TO	Invesco S&P 500 ESG Index ETF	S&P 500, ESG	69	10.84%	1.22B	Mar 2020	PZW.TO vs ESG.TO
TLV.TO	Invesco S&P/TSX Composite Low Volatility Index ETF	Canada Equities	97	18.66%	103.58M	Apr 2012	PZW.TO vs TLV.TO
PXC.TO	Invesco RAFI Canadian Index ETF	Canada Equities	97	20.51%	250.75M	Jan 2012	PZW.TO vs PXC.TO

Often Compared With PZW.TO

Investors most often compare PZW.TO with XWD.TO, VDU.TO, ESGC.TO. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
XWD.TO	iShares MSCI World Index ETF	Global Equities	78	11.64%	1.72B	Jun 2009	PZW.TO vs XWD.TO
VDU.TO	Vanguard FTSE Developed All Cap ex U.S. Index ETF	Global Equities	72	14.32%	842.01M	Aug 2013	PZW.TO vs VDU.TO
ESGC.TO	Invesco S&P/TSX Composite ESG Index ETF	Canada Equities, ESG	89	13.32%	—	Oct 2020	PZW.TO vs ESGC.TO
XDG.TO	iShares Core MSCI Global Quality Dividend Index ET...	Global Equities	77	13.67%	755.08M	Jun 2017	PZW.TO vs XDG.TO
VEQT.TO	Vanguard All-Equity ETF Portfolio	Global Equities	84	12.31%	15.67B	Jan 2019	PZW.TO vs VEQT.TO
EVO.TO	Evovest Global Equity ETF	Global Equities	9	8.20%	—	Mar 2024	PZW.TO vs EVO.TO
VXC.TO	Vanguard FTSE Global All Cap ex Canada Index ETF	Global Equities	76	12.57%	3.47B	Jun 2014	PZW.TO vs VXC.TO
VEF.TO	Vanguard FTSE Developed All Cap Ex US	Global Equities	80	13.79%	1.30B	Nov 2011	PZW.TO vs VEF.TO
GEQT.TO	iShares ESG Equity ETF Portfolio	Global Equities	63	14.23%	281.54M	Sep 2020	PZW.TO vs GEQT.TO
TGGR.TO	TD Active Global Equity Growth ETF	Global Equities	64	11.45%	44.17M	May 2020	PZW.TO vs TGGR.TO
CMGG.TO	CI Munro Global Growth Equity Fund	Global Equities	39	12.38%	—	Jan 2021	PZW.TO vs CMGG.TO
TTTX.TO	Global X Innovative Bluechip Top 10 Index ETF	Global Equities	73	10.29%	6.34M	May 2024	PZW.TO vs TTTX.TO
XAW.TO	iShares Core MSCI All Country World ex Canada Inde...	Global Equities	77	12.85%	4.44B	Feb 2015	PZW.TO vs XAW.TO
WSHR.NEO	Wealthsimple Shariah World Equity Index ETF	Global Equities	35	8.99%	—	May 2021	PZW.TO vs WSHR.NEO
XFH.TO	iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged)	Global Equities	73	10.61%	3.12B	Feb 2015	PZW.TO vs XFH.TO
XIN.TO	iShares MSCI EAFE Index ETF (CAD-Hedged)	Global Equities	69	10.69%	1.91B	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
ESGG.TO	BMO MSCI Global Selection Equity Index ETF	Global Equities	78	11.98%	57.14M	Jan 2020	PZW.TO vs ESGG.TO
ZGQ.TO	BMO MSCI All Country World High Quality Index ETF	Global Equities	59	12.82%	1.25B	Nov 2014	PZW.TO vs ZGQ.TO
KNGG.TO	Brompton Global Cash Flow Kings ETF	Global Equities	—	—	—	Mar 2026	PZW.TO vs KNGG.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