EEMO vs. PIE
Compare and contrast key facts about Invesco S&P Emerging Markets Momentum ETF (EEMO) and Invesco DWA Emerging Markets Momentum ETF (PIE).
EEMO and PIE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EEMO is a passively managed fund by Invesco that tracks the performance of the S&P Momentum Emerging Plus LargeMidCap Index. It was launched on Feb 24, 2012. PIE is a passively managed fund by Invesco that tracks the performance of the Dorsey Wright Emerging Markets Technical Leaders Index. It was launched on Dec 28, 2007. Both EEMO and PIE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EEMO or PIE.
Correlation
The correlation between EEMO and PIE is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
EEMO vs. PIE - Performance Comparison
Key characteristics
EEMO:
0.20
PIE:
-0.18
EEMO:
0.36
PIE:
-0.12
EEMO:
1.05
PIE:
0.99
EEMO:
0.12
PIE:
-0.12
EEMO:
0.69
PIE:
-0.47
EEMO:
4.51%
PIE:
6.98%
EEMO:
15.24%
PIE:
17.97%
EEMO:
-48.46%
PIE:
-72.98%
EEMO:
-21.16%
PIE:
-24.36%
Returns By Period
In the year-to-date period, EEMO achieves a -1.72% return, which is significantly lower than PIE's -0.75% return. Over the past 10 years, EEMO has underperformed PIE with an annualized return of 1.10%, while PIE has yielded a comparatively higher 2.36% annualized return.
EEMO
-1.72%
0.75%
-5.79%
3.22%
1.32%
1.10%
PIE
-0.75%
3.56%
-5.41%
-2.45%
2.08%
2.36%
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EEMO vs. PIE - Expense Ratio Comparison
EEMO has a 0.31% expense ratio, which is lower than PIE's 0.90% expense ratio.
Risk-Adjusted Performance
EEMO vs. PIE — Risk-Adjusted Performance Rank
EEMO
PIE
EEMO vs. PIE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Emerging Markets Momentum ETF (EEMO) and Invesco DWA Emerging Markets Momentum ETF (PIE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
EEMO vs. PIE - Dividend Comparison
EEMO's dividend yield for the trailing twelve months is around 2.62%, more than PIE's 2.35% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EEMO Invesco S&P Emerging Markets Momentum ETF | 2.62% | 2.57% | 3.65% | 3.82% | 1.51% | 1.53% | 2.13% | 13.11% | 5.13% | 1.55% | 2.92% | 2.35% |
PIE Invesco DWA Emerging Markets Momentum ETF | 2.35% | 2.34% | 2.59% | 3.45% | 1.28% | 1.32% | 1.93% | 3.32% | 1.63% | 1.49% | 0.81% | 0.53% |
Drawdowns
EEMO vs. PIE - Drawdown Comparison
The maximum EEMO drawdown since its inception was -48.46%, smaller than the maximum PIE drawdown of -72.98%. Use the drawdown chart below to compare losses from any high point for EEMO and PIE. For additional features, visit the drawdowns tool.
Volatility
EEMO vs. PIE - Volatility Comparison
Invesco S&P Emerging Markets Momentum ETF (EEMO) has a higher volatility of 4.47% compared to Invesco DWA Emerging Markets Momentum ETF (PIE) at 4.25%. This indicates that EEMO's price experiences larger fluctuations and is considered to be riskier than PIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.