PIE vs. SPMO
Compare and contrast key facts about Invesco DWA Emerging Markets Momentum ETF (PIE) and Invesco S&P 500® Momentum ETF (SPMO).
PIE and SPMO 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. SPMO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Momentum Index. It was launched on Oct 9, 2015. Both PIE and SPMO 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 SPMO.
Correlation
The correlation between PIE and SPMO is 0.49, 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. SPMO - Performance Comparison
Key characteristics
PIE:
-0.18
SPMO:
2.18
PIE:
-0.12
SPMO:
2.87
PIE:
0.98
SPMO:
1.38
PIE:
-0.12
SPMO:
3.05
PIE:
-0.48
SPMO:
12.26
PIE:
6.90%
SPMO:
3.27%
PIE:
18.28%
SPMO:
18.43%
PIE:
-72.98%
SPMO:
-30.95%
PIE:
-24.94%
SPMO:
0.00%
Returns By Period
In the year-to-date period, PIE achieves a -1.51% return, which is significantly lower than SPMO's 8.29% return.
PIE
-1.51%
1.99%
-6.00%
-4.02%
1.97%
2.28%
SPMO
8.29%
7.65%
20.00%
39.37%
19.66%
N/A
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PIE vs. SPMO - Expense Ratio Comparison
PIE has a 0.90% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Risk-Adjusted Performance
PIE vs. SPMO — Risk-Adjusted Performance Rank
PIE
SPMO
PIE vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Emerging Markets Momentum ETF (PIE) and Invesco S&P 500® Momentum ETF (SPMO). 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
PIE vs. SPMO - Dividend Comparison
PIE's dividend yield for the trailing twelve months is around 2.37%, more than SPMO's 0.45% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIE Invesco DWA Emerging Markets Momentum ETF | 2.37% | 2.34% | 2.59% | 3.45% | 1.28% | 1.32% | 1.93% | 3.32% | 1.63% | 1.49% | 0.81% | 0.53% |
SPMO Invesco S&P 500® Momentum ETF | 0.45% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% | 0.00% |
Drawdowns
PIE vs. SPMO - Drawdown Comparison
The maximum PIE drawdown since its inception was -72.98%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for PIE and SPMO. For additional features, visit the drawdowns tool.
Volatility
PIE vs. SPMO - Volatility Comparison
Invesco DWA Emerging Markets Momentum ETF (PIE) and Invesco S&P 500® Momentum ETF (SPMO) have volatilities of 4.80% and 4.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.