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Is Invesco Dorsey Wright Emerging Markets Momentum ETF (PIE) a Strong ETF Right Now?
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The Invesco Dorsey Wright Emerging Markets Momentum ETF (PIE - Free Report) made its debut on 12/28/2007, and is a smart beta exchange traded fund that provides broad exposure to the Broad Emerging Market ETFs category of the market.
What Are Smart Beta ETFs?
Market cap weighted indexes were created to reflect the market, or a specific segment of the market, and the ETF industry has traditionally been dominated by products based on this strategy.
Market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns, and are a good option for investors who believe in market efficiency.
However, some investors believe in the possibility of beating the market through exceptional stock selection, and choose a different type of fund that tracks non-cap weighted strategies: smart beta.
Based on specific fundamental characteristics, or a combination of such, these indexes attempt to pick stocks that have a better chance of risk-return performance.
While this space offers a number of choices to investors, including simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies, not all these strategies have been able to deliver superior results.
Fund Sponsor & Index
The fund is managed by Invesco. PIE has been able to amass assets over $256.28 million, making it one of the average sized ETFs in the Broad Emerging Market ETFs. This particular fund, before fees and expenses, seeks to match the performance of the Dorsey Wright Emerging Markets Technical Leaders Index.
The Dorsey Wright Emerging Markets Technical Leaders Index includes approximately 100 companies from the Nasdaq Emerging Markets Index that possess powerful relative strength characteristics and are domiciled in emerging market countries including, but not limited to Brazil, Chile, China, India, Indonesia, Philippines, South Africa, Thailand and Turkey.
Cost & Other Expenses
Investors should also pay attention to an ETF's expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same.
Operating expenses on an annual basis are 0.90% for PIE, making it one of the most expensive products in the space.
PIE's 12-month trailing dividend yield is 1.66%.
Sector Exposure and Top Holdings
It is important to delve into an ETF's holdings before investing despite the many upsides to these kinds of funds like diversified exposure, which minimizes single stock risk. And, most ETFs are very transparent products that disclose their holdings on a daily basis.
Looking at individual holdings, Topco Scientific Co Ltd (Y8896T109) accounts for about 2.89% of total assets, followed by Wanguo Gold Group Ltd (G9430L115) and Taiwan Semiconductor Manufacturing Co Ltd (Y84629107).
PIE's top 10 holdings account for about 24.98% of its total assets under management.
Performance and Risk
Year-to-date, the Invesco Dorsey Wright Emerging Markets Momentum ETF return is roughly 45.67% so far, and was up about 44.73% over the last 12 months (as of 09/08/2026). PIE has traded between $23.00 $34.30 in this past 52-week period.
The ETF has a beta of 0.85 and standard deviation of 22.02% for the trailing three-year period, making it a medium risk choice in the space. With about 113 holdings, it effectively diversifies company-specific risk .
Alternatives
Invesco Dorsey Wright Emerging Markets Momentum ETF is not a suitable option for investors seeking to outperform the Broad Emerging Market ETFs segment of the market. Instead, there are other ETFs in the space which investors should consider.
Vanguard Emerging Markets Stock Index Fund ETF Shares (VWO) tracks FTSE Emerging Markets All Cap China A Inclusion Index and the iShares Core MSCI Emerging Markets ETF (IEMG) tracks MSCI Emerging Markets Investable Market Index. Vanguard Emerging Markets Stock Index Fund ETF Shares has $129.31 billion in assets, iShares Core MSCI Emerging Markets ETF has $164.65 billion. VWO has an expense ratio of 0.06% and IEMG changes 0.09%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Broad Emerging Market ETFs
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
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Is Invesco Dorsey Wright Emerging Markets Momentum ETF (PIE) a Strong ETF Right Now?
The Invesco Dorsey Wright Emerging Markets Momentum ETF (PIE - Free Report) made its debut on 12/28/2007, and is a smart beta exchange traded fund that provides broad exposure to the Broad Emerging Market ETFs category of the market.
What Are Smart Beta ETFs?
Market cap weighted indexes were created to reflect the market, or a specific segment of the market, and the ETF industry has traditionally been dominated by products based on this strategy.
Market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns, and are a good option for investors who believe in market efficiency.
However, some investors believe in the possibility of beating the market through exceptional stock selection, and choose a different type of fund that tracks non-cap weighted strategies: smart beta.
Based on specific fundamental characteristics, or a combination of such, these indexes attempt to pick stocks that have a better chance of risk-return performance.
While this space offers a number of choices to investors, including simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies, not all these strategies have been able to deliver superior results.
Fund Sponsor & Index
The fund is managed by Invesco. PIE has been able to amass assets over $256.28 million, making it one of the average sized ETFs in the Broad Emerging Market ETFs. This particular fund, before fees and expenses, seeks to match the performance of the Dorsey Wright Emerging Markets Technical Leaders Index.
The Dorsey Wright Emerging Markets Technical Leaders Index includes approximately 100 companies from the Nasdaq Emerging Markets Index that possess powerful relative strength characteristics and are domiciled in emerging market countries including, but not limited to Brazil, Chile, China, India, Indonesia, Philippines, South Africa, Thailand and Turkey.
Cost & Other Expenses
Investors should also pay attention to an ETF's expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same.
Operating expenses on an annual basis are 0.90% for PIE, making it one of the most expensive products in the space.
PIE's 12-month trailing dividend yield is 1.66%.
Sector Exposure and Top Holdings
It is important to delve into an ETF's holdings before investing despite the many upsides to these kinds of funds like diversified exposure, which minimizes single stock risk. And, most ETFs are very transparent products that disclose their holdings on a daily basis.
Looking at individual holdings, Topco Scientific Co Ltd (Y8896T109) accounts for about 2.89% of total assets, followed by Wanguo Gold Group Ltd (G9430L115) and Taiwan Semiconductor Manufacturing Co Ltd (Y84629107).
PIE's top 10 holdings account for about 24.98% of its total assets under management.
Performance and Risk
Year-to-date, the Invesco Dorsey Wright Emerging Markets Momentum ETF return is roughly 45.67% so far, and was up about 44.73% over the last 12 months (as of 09/08/2026). PIE has traded between $23.00 $34.30 in this past 52-week period.
The ETF has a beta of 0.85 and standard deviation of 22.02% for the trailing three-year period, making it a medium risk choice in the space. With about 113 holdings, it effectively diversifies company-specific risk .
Alternatives
Invesco Dorsey Wright Emerging Markets Momentum ETF is not a suitable option for investors seeking to outperform the Broad Emerging Market ETFs segment of the market. Instead, there are other ETFs in the space which investors should consider.
Vanguard Emerging Markets Stock Index Fund ETF Shares (VWO) tracks FTSE Emerging Markets All Cap China A Inclusion Index and the iShares Core MSCI Emerging Markets ETF (IEMG) tracks MSCI Emerging Markets Investable Market Index. Vanguard Emerging Markets Stock Index Fund ETF Shares has $129.31 billion in assets, iShares Core MSCI Emerging Markets ETF has $164.65 billion. VWO has an expense ratio of 0.06% and IEMG changes 0.09%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Broad Emerging Market ETFs
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.