PIE vs. SMOM
PIE (Invesco DWA Emerging Markets Momentum ETF) and SMOM (Symmetry Panoramic Sector Momentum ETF) are both exchange-traded funds - PIE is a Momentum fund tracking the Dorsey Wright Emerging Markets Technical Leaders Index, while SMOM is a Large Cap Blend Equities fund actively managed by Symmetry Partners. PIE is passively managed, while SMOM is actively managed. Their 0.65 correlation means they have sometimes moved together and sometimes differently. PIE charges 0.90%/yr vs 0.63%/yr for SMOM.
Performance
PIE vs. SMOM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PIE achieves a 29.63% return, which is significantly higher than SMOM's 9.77% return.
PIE
- 1D
- 2.05%
- 1M
- -6.22%
- 6M
- 19.42%
- YTD
- 29.63%
- 1Y
- 45.94%
- 3Y*
- 19.02%
- 5Y*
- 5.41%
- 10Y*
- 8.78%
- ALL TIME*
- 2.57%
SMOM
- 1D
- 0.45%
- 1M
- 2.24%
- 6M
- 8.34%
- YTD
- 9.77%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.91M | $4.11M | $2.85M | |
| $271.97K | $207.20K | $176.97K |
PIE vs. SMOM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PIE Invesco DWA Emerging Markets Momentum ETF | 29.63% | -0.98% |
SMOM Symmetry Panoramic Sector Momentum ETF | 9.77% | 2.78% |
Correlation
The correlation between PIE and SMOM is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 10, 2025 | 0.65 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PIE vs. SMOM — Risk / Return Rank
PIE
SMOM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PIE vs. SMOM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Emerging Markets Momentum ETF (PIE) and Symmetry Panoramic Sector Momentum ETF (SMOM). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PIE | SMOM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.30 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | — | — |
| Martin ratioReturn relative to average drawdown | 10.63 | — | — |
Loading charts...
Drawdowns
PIE vs. SMOM - Drawdown Comparison
The maximum PIE drawdown since its inception was -72.98%, which is greater than SMOM's maximum drawdown of -7.45%. Use the drawdown chart below to compare losses from any high point for PIE and SMOM.
Loading charts...
Drawdown Indicators
| PIE | SMOM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.98% | -7.45% | -65.53% |
Max Drawdown (1Y)Largest decline over 1 year | -17.26% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -28.69% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -37.02% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.32% | — | — |
Current DrawdownCurrent decline from peak | -11.32% | -0.11% | -11.21% |
Average DrawdownAverage peak-to-trough decline | -25.90% | -1.48% | -24.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.34% | — | — |
Volatility
PIE vs. SMOM - Volatility Comparison
Loading charts...
Volatility by Period
| PIE | SMOM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.33% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 23.97% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.21% | 12.40% | +14.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.35% | 12.40% | +8.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.87% | 12.40% | +9.47% |
PIE vs. SMOM - Expense Ratio Comparison
PIE has a 0.90% expense ratio, which is higher than SMOM's 0.63% expense ratio.
Dividends
PIE vs. SMOM - Dividend Comparison
PIE's dividend yield for the trailing twelve months is around 1.87%, more than SMOM's 0.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIE Invesco DWA Emerging Markets Momentum ETF | 1.87% | 2.28% | 2.33% | 2.59% | 3.45% | 1.28% | 1.32% | 2.29% | 3.32% | 1.63% | 1.48% | 0.80% |
SMOM Symmetry Panoramic Sector Momentum ETF | 0.15% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PIE and SMOM have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SMOM is cheaper at 0.63% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMOM is cheaper with a 0.63% expense ratio, compared with 0.90% for PIE.
PIE has the higher dividend yield at 1.87%, compared with 0.15% for SMOM.
PIE is categorized as Momentum, while SMOM is Large Cap Blend Equities. They also come from different issuers: Invesco and Symmetry Partners. Their fees differ too: 0.90% for PIE and 0.63% for SMOM.
Find the right allocation for PIE and SMOM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer