MIOFX vs. PIZ
Compare and contrast key facts about Marsico International Opportunities Fund (MIOFX) and Invesco DWA Developed Markets Momentum ETF (PIZ).
MIOFX is managed by Marsico Investment Fund. It was launched on Jun 29, 2000. PIZ is a passively managed fund by Invesco that tracks the performance of the Dorsey Wright Developed Markets Technical Leaders Index. It was launched on Dec 28, 2007.
Performance
MIOFX vs. PIZ - Performance Comparison
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MIOFX vs. PIZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MIOFX Marsico International Opportunities Fund | -10.27% | 28.54% | 36.31% | 17.96% | -23.71% | 4.93% | 20.59% | 31.39% | -18.18% | 44.09% |
PIZ Invesco DWA Developed Markets Momentum ETF | 1.42% | 37.22% | 16.30% | 17.96% | -30.48% | 20.53% | 17.96% | 27.51% | -16.15% | 30.96% |
Returns By Period
In the year-to-date period, MIOFX achieves a -10.27% return, which is significantly lower than PIZ's 1.42% return. Both investments have delivered pretty close results over the past 10 years, with MIOFX having a 10.08% annualized return and PIZ not far behind at 9.66%.
MIOFX
- 1D
- -0.63%
- 1M
- -13.75%
- YTD
- -10.27%
- 6M
- -14.10%
- 1Y
- 13.19%
- 3Y*
- 18.88%
- 5Y*
- 8.02%
- 10Y*
- 10.08%
PIZ
- 1D
- 4.43%
- 1M
- -10.41%
- YTD
- 1.42%
- 6M
- 4.63%
- 1Y
- 32.20%
- 3Y*
- 20.23%
- 5Y*
- 9.25%
- 10Y*
- 9.66%
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MIOFX vs. PIZ - Expense Ratio Comparison
MIOFX has a 1.50% expense ratio, which is higher than PIZ's 0.80% expense ratio.
Return for Risk
MIOFX vs. PIZ — Risk / Return Rank
MIOFX
PIZ
MIOFX vs. PIZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Marsico International Opportunities Fund (MIOFX) and Invesco DWA Developed Markets Momentum ETF (PIZ). 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.
| MIOFX | PIZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.59 | 1.51 | -0.92 |
Sortino ratioReturn per unit of downside risk | 0.97 | 2.11 | -1.15 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.31 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 0.66 | 2.19 | -1.53 |
Martin ratioReturn relative to average drawdown | 2.25 | 9.18 | -6.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MIOFX | PIZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 1.51 | -0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.48 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.50 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.25 | +0.06 |
Correlation
The correlation between MIOFX and PIZ is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MIOFX vs. PIZ - Dividend Comparison
MIOFX's dividend yield for the trailing twelve months is around 5.29%, more than PIZ's 1.54% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIOFX Marsico International Opportunities Fund | 5.29% | 4.75% | 4.95% | 0.38% | 0.17% | 13.41% | 2.44% | 4.20% | 9.36% | 0.00% | 0.00% | 0.00% |
PIZ Invesco DWA Developed Markets Momentum ETF | 1.54% | 1.55% | 1.68% | 1.86% | 2.04% | 1.01% | 0.37% | 1.58% | 1.06% | 1.30% | 2.21% | 1.09% |
Drawdowns
MIOFX vs. PIZ - Drawdown Comparison
The maximum MIOFX drawdown since its inception was -63.83%, which is greater than PIZ's maximum drawdown of -60.61%. Use the drawdown chart below to compare losses from any high point for MIOFX and PIZ.
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Drawdown Indicators
| MIOFX | PIZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.83% | -60.61% | -3.22% |
Max Drawdown (1Y)Largest decline over 1 year | -15.37% | -14.35% | -1.02% |
Max Drawdown (5Y)Largest decline over 5 years | -38.75% | -40.93% | +2.18% |
Max Drawdown (10Y)Largest decline over 10 years | -38.75% | -40.93% | +2.18% |
Current DrawdownCurrent decline from peak | -15.37% | -10.56% | -4.81% |
Average DrawdownAverage peak-to-trough decline | -17.22% | -14.99% | -2.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.49% | 3.42% | +1.07% |
Volatility
MIOFX vs. PIZ - Volatility Comparison
The current volatility for Marsico International Opportunities Fund (MIOFX) is 7.97%, while Invesco DWA Developed Markets Momentum ETF (PIZ) has a volatility of 10.37%. This indicates that MIOFX experiences smaller price fluctuations and is considered to be less risky than PIZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIOFX | PIZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.97% | 10.37% | -2.40% |
Volatility (6M)Calculated over the trailing 6-month period | 13.36% | 14.75% | -1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.34% | 21.44% | -1.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.30% | 19.44% | -0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.34% | 19.32% | -0.98% |