PIE vs. EEM
Compare and contrast key facts about Invesco DWA Emerging Markets Momentum ETF (PIE) and iShares MSCI Emerging Markets ETF (EEM).
PIE and EEM 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. EEM is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Index. It was launched on Apr 11, 2003. Both PIE and EEM 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: PIE or EEM.
Correlation
The correlation between PIE and EEM is 0.68, 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
PIE vs. EEM - Performance Comparison
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Key characteristics
PIE:
-0.48
EEM:
0.44
PIE:
-0.50
EEM:
0.79
PIE:
0.94
EEM:
1.10
PIE:
-0.26
EEM:
0.32
PIE:
-0.96
EEM:
1.44
PIE:
10.36%
EEM:
6.11%
PIE:
22.06%
EEM:
19.23%
PIE:
-72.98%
EEM:
-66.43%
PIE:
-24.79%
EEM:
-14.97%
Returns By Period
In the year-to-date period, PIE achieves a -1.31% return, which is significantly lower than EEM's 7.39% return. Over the past 10 years, PIE has underperformed EEM with an annualized return of 2.14%, while EEM has yielded a comparatively higher 2.83% annualized return.
PIE
-1.31%
15.54%
-4.93%
-9.98%
5.42%
2.14%
EEM
7.39%
10.94%
2.28%
8.20%
6.49%
2.83%
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PIE vs. EEM - Expense Ratio Comparison
PIE has a 0.90% expense ratio, which is higher than EEM's 0.68% expense ratio.
Risk-Adjusted Performance
PIE vs. EEM — Risk-Adjusted Performance Rank
PIE
EEM
PIE vs. EEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Emerging Markets Momentum ETF (PIE) and iShares MSCI Emerging Markets ETF (EEM). 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.
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Dividends
PIE vs. EEM - Dividend Comparison
PIE's dividend yield for the trailing twelve months is around 2.27%, which matches EEM's 2.26% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIE Invesco DWA Emerging Markets Momentum ETF | 2.27% | 2.34% | 2.59% | 3.45% | 1.28% | 1.32% | 1.93% | 3.32% | 1.63% | 1.49% | 0.81% | 0.53% |
EEM iShares MSCI Emerging Markets ETF | 2.26% | 2.43% | 2.63% | 2.50% | 1.99% | 1.45% | 2.76% | 2.24% | 1.89% | 1.89% | 2.49% | 2.23% |
Drawdowns
PIE vs. EEM - Drawdown Comparison
The maximum PIE drawdown since its inception was -72.98%, which is greater than EEM's maximum drawdown of -66.43%. Use the drawdown chart below to compare losses from any high point for PIE and EEM. For additional features, visit the drawdowns tool.
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Volatility
PIE vs. EEM - Volatility Comparison
Invesco DWA Emerging Markets Momentum ETF (PIE) has a higher volatility of 7.27% compared to iShares MSCI Emerging Markets ETF (EEM) at 5.36%. This indicates that PIE's price experiences larger fluctuations and is considered to be riskier than EEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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