PIE
Invesco Dorsey Wright Emerging Markets Momentum ETF
Invesco DWA Emerging Markets Technical Leaders Portfolio seeks investment results that correspond to the price and yield of the Dorsey Wright Emerging Markets Technical Leaders Index.
Emerging Market
EQUITY
Passive
MANAGEMENT STYLE
$ 227.1 M
ASSETS UNDER MGMT
90 bp
EXPENSES
Fund Basics
| Inception date | Dec 28, 2007 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TOPCO SCIENTIFIC CO LTD | 3.1 % |
| TAIWAN SEMICONDUCTOR MANUFAC | 2.9 % |
| SHINKONG INSURANCE CO LTD | 2.9 % |
| JENTECH PRECISION INDUSTRIAL | 2.8 % |
| ITEQ CORP | 2.5 % |
| SIGURD MICROELECTRONICS CORP | 2.5 % |
| KINSUS INTERCONNECT TECH | 2.3 % |
| LITE-ON TECHNOLOGY CORP | 2.3 % |
| NAN YA PLASTICS CORP | 2.2 % |
| TRIPOD TECHNOLOGY CORP | 2.1 % |
Constituent Breakdown
| Number of holdings | 114 |
| Herfindahl-Hirschman Index | 162 |
| Wgt avg mkt cap (mns) | $78,633 |
| Large cap (>$10bn) | 52.5% |
| Mid cap ($2-10bn) | 31.4% |
| Small cap (<$2bn) | 9.3% |
| Developed mkts. | 0.3% |
| Emerging mkts. | 90.9% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 60.1 % |
 |
CHINA | 10.2 % |
 |
THAILAND | 7.2 % |
 |
HUNGARY | 4.0 % |
 |
SOUTH AFRICA | 4.0 % |
 |
MEXICO | 2.3 % |
 |
BRAZIL | 1.6 % |
 |
MALAYSIA | 1.5 % |
 |
TURKEY | 1.1 % |
 |
PERU | 1.0 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 44.1% | 39.6% | 28.5% | 22.5% | 7.0% | 7.6% | -- | 1.6% |
| Dividend Yield | 2.2% | 3.5% | 2.7% | 2.6% | 2.7% | 2.5% | -- | 1.6% |
| Total Returns | 46.3% | 43.2% | 31.2% | 25.1% | 9.7% | 10.1% | -- | 3.2% | Ann. Volatility | 30.2% | 28.0% | 24.5% | 22.6% | 21.4% | 22.0% | -- | 24.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.54 | 50% |
| MSCI EAFE | 1.19 | 46% |
| MSCI Emg Mkts | 0.95 | 73% |
Liquidity Measures
| Avg. volume (000) | 62 |
| ADV traded (mns) | $2 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.53% |
Technical Indicators
| 30d moving avg. (EMA) | $32.98 |
| Relative strength (RSI) | 38 |
| MACD/Signal | -0.78/-0.42 |
| Bollinger Bands (Upper/Lower) | $36.12/$30.28 |
| Short interest (% of AUM) | 1.1% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. PIE |
Expenses vs. PIE |
ALTAR Score™ vs. PIE |
|---|---|---|---|---|
| EWT | iShares MSCI Taiwan ETF | 26.1% | -31 bp | -0.7% |
| FLTW | Franklin FTSE Taiwan ETF | 25.1% | -71 bp | -0.4% |
| EEMO | Invesco S&P Emerging Markets Momentum ETF | 23.8% | -61 bp | +1.5% |
| FEM | First Trust Emerging Markets AlphaDEX Fund | 18.9% | -10 bp | +4.5% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 17.7% | -32 bp | +5.1% |
| FNDE | Schwab Fundamental Emerging Markets Large Co. Index ETF | 16.8% | -51 bp | +8.6% |
| ECON | Columbia Emerging Markets Consumer ETF | 16.8% | -41 bp | +3.5% |
| PXH | Invesco FTSE RAFI Emerging Markets ETF | 16.7% | -43 bp | +8.0% |
| MFEM | PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF | 16.6% | -40 bp | +3.3% |
| KEMX | KraneShares MSCI Emerging Markets EX China Index ETF | 15.7% | -31 bp | +2.4% |
Risk and Returns: PIE vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/6/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
5.2%
ALTAR SCORE™
9th
PERCENTILE
AVOID
ETFRC RATING
There are 211 funds in the Emerging Equity category with an average
ALTAR Score™ of 8.3% and a standard deviation
of 2.4%. PIE's ALTAR Score™ is approximately -1.3 standard
deviations above the category average. This places PIE in the 9th percentile
among funds in the category.
Sell-Side Consensus
$37.31
PRICE TARGET
+34.5%
UPSIDE