PIE vs. DGRE
Compare and contrast key facts about Invesco DWA Emerging Markets Momentum ETF (PIE) and WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE).
PIE and DGRE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. DGRE is an actively managed fund by WisdomTree. It was launched on Aug 1, 2013.
Performance
PIE vs. DGRE - Performance Comparison
Loading graphics...
PIE vs. DGRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIE Invesco DWA Emerging Markets Momentum ETF | 10.23% | 25.98% | -0.27% | 13.71% | -28.77% | 14.30% | 21.23% | 26.11% | -22.04% | 41.80% |
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund | 6.00% | 27.47% | 3.63% | 18.46% | -21.86% | 2.55% | 10.85% | 21.12% | -16.36% | 33.61% |
Returns By Period
In the year-to-date period, PIE achieves a 10.23% return, which is significantly higher than DGRE's 6.00% return. Both investments have delivered pretty close results over the past 10 years, with PIE having a 7.75% annualized return and DGRE not far behind at 7.39%.
PIE
- 1D
- 1.88%
- 1M
- -8.10%
- YTD
- 10.23%
- 6M
- 7.86%
- 1Y
- 46.75%
- 3Y*
- 14.64%
- 5Y*
- 3.86%
- 10Y*
- 7.75%
DGRE
- 1D
- 3.90%
- 1M
- -9.64%
- YTD
- 6.00%
- 6M
- 16.05%
- 1Y
- 38.54%
- 3Y*
- 15.78%
- 5Y*
- 4.68%
- 10Y*
- 7.39%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PIE vs. DGRE - Expense Ratio Comparison
PIE has a 0.90% expense ratio, which is higher than DGRE's 0.32% expense ratio.
Return for Risk
PIE vs. DGRE — Risk / Return Rank
PIE
DGRE
PIE vs. DGRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Emerging Markets Momentum ETF (PIE) and WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE). 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.
| PIE | DGRE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.02 | 1.97 | +0.05 |
Sortino ratioReturn per unit of downside risk | 2.57 | 2.63 | -0.06 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.38 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 2.92 | 2.78 | +0.15 |
Martin ratioReturn relative to average drawdown | 13.34 | 12.01 | +1.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PIE | DGRE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.02 | 1.97 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.27 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.38 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.24 | -0.17 |
Correlation
The correlation between PIE and DGRE is 0.79, 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
PIE vs. DGRE - Dividend Comparison
PIE's dividend yield for the trailing twelve months is around 2.14%, more than DGRE's 1.47% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIE Invesco DWA Emerging Markets Momentum ETF | 2.14% | 2.28% | 2.33% | 2.59% | 3.45% | 1.28% | 1.32% | 2.29% | 3.32% | 1.63% | 1.48% | 0.80% |
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund | 1.47% | 1.65% | 1.90% | 2.22% | 4.38% | 2.56% | 2.11% | 2.32% | 2.71% | 3.12% | 3.18% | 3.01% |
Drawdowns
PIE vs. DGRE - Drawdown Comparison
The maximum PIE drawdown since its inception was -72.98%, which is greater than DGRE's maximum drawdown of -36.95%. Use the drawdown chart below to compare losses from any high point for PIE and DGRE.
Loading graphics...
Drawdown Indicators
| PIE | DGRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.98% | -36.95% | -36.03% |
Max Drawdown (1Y)Largest decline over 1 year | -15.48% | -13.68% | -1.80% |
Max Drawdown (5Y)Largest decline over 5 years | -40.32% | -34.88% | -5.44% |
Max Drawdown (10Y)Largest decline over 10 years | -40.32% | -36.95% | -3.37% |
Current DrawdownCurrent decline from peak | -8.10% | -10.31% | +2.21% |
Average DrawdownAverage peak-to-trough decline | -26.31% | -12.14% | -14.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 3.16% | +0.23% |
Volatility
PIE vs. DGRE - Volatility Comparison
The current volatility for Invesco DWA Emerging Markets Momentum ETF (PIE) is 10.36%, while WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE) has a volatility of 11.19%. This indicates that PIE experiences smaller price fluctuations and is considered to be less risky than DGRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PIE | DGRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.36% | 11.19% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 16.57% | 14.94% | +1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.28% | 19.61% | +3.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.09% | 17.53% | +2.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.10% | 19.44% | +1.66% |