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Is Invesco Dorsey Wright Emerging Markets Momentum ETF (PIE) a Strong ETF Right Now?
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A smart beta exchange traded fund, the Invesco Dorsey Wright Emerging Markets Momentum ETF (PIE - Free Report) debuted on 12/28/2007, and offers broad exposure to the Broad Emerging Market ETFs category of the market.
What Are Smart Beta ETFs?
The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment.
Market cap weighted indexes work great for investors who believe in market efficiency. They provide a low-cost, convenient and transparent way of replicating market returns.
There are some investors, though, who think it's possible to beat the market with great stock selection; this group likely invests in another class of funds known as smart beta, which track non-cap weighted strategies.
These indexes attempt to select stocks that have better chances of risk-return performance, based on certain fundamental characteristics or a combination of such characteristics.
Methodologies like equal-weighting, one of the simplest options out there, fundamental weighting, and volatility/momentum based weighting are all choices offered to investors in this space, but not all of them can deliver superior returns.
Fund Sponsor & Index
Because the fund has amassed over $222.12 million, this makes it one of the average sized ETFs in the Broad Emerging Market ETFs. PIE is managed by Invesco. PIE, 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
Expense ratios are an important factor in the return of an ETF and in the long-term, cheaper funds can significantly outperform their more expensive cousins, other things remaining the same.
With one of the most expensive products in the space, this ETF has annual operating expenses of 0.90%.
It's 12-month trailing dividend yield comes in at 2.67%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund's holdings before investing. Luckily, 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 3.13% of total assets, followed by Taiwan Semiconductor Manufacturing Co Ltd (Y84629107) and Sigurd Microelectronics Corp (Y79355106).
Its top 10 holdings account for approximately 26.91% of PIE's total assets under management.
Performance and Risk
The ETF has gained about 20.06% so far this year and is up roughly 18.36% in the last one year (as of 11/09/2026). In the past 52-week period, it has traded between $23.46 and $35.69
The ETF has a beta of 0.87 and standard deviation of 22.97% for the trailing three-year period, making it a medium risk choice in the space. With about 115 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 $117.06 billion in assets, iShares Core MSCI Emerging Markets ETF has $141.85 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?
A smart beta exchange traded fund, the Invesco Dorsey Wright Emerging Markets Momentum ETF (PIE - Free Report) debuted on 12/28/2007, and offers broad exposure to the Broad Emerging Market ETFs category of the market.
What Are Smart Beta ETFs?
The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment.
Market cap weighted indexes work great for investors who believe in market efficiency. They provide a low-cost, convenient and transparent way of replicating market returns.
There are some investors, though, who think it's possible to beat the market with great stock selection; this group likely invests in another class of funds known as smart beta, which track non-cap weighted strategies.
These indexes attempt to select stocks that have better chances of risk-return performance, based on certain fundamental characteristics or a combination of such characteristics.
Methodologies like equal-weighting, one of the simplest options out there, fundamental weighting, and volatility/momentum based weighting are all choices offered to investors in this space, but not all of them can deliver superior returns.
Fund Sponsor & Index
Because the fund has amassed over $222.12 million, this makes it one of the average sized ETFs in the Broad Emerging Market ETFs. PIE is managed by Invesco. PIE, 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
Expense ratios are an important factor in the return of an ETF and in the long-term, cheaper funds can significantly outperform their more expensive cousins, other things remaining the same.
With one of the most expensive products in the space, this ETF has annual operating expenses of 0.90%.
It's 12-month trailing dividend yield comes in at 2.67%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund's holdings before investing. Luckily, 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 3.13% of total assets, followed by Taiwan Semiconductor Manufacturing Co Ltd (Y84629107) and Sigurd Microelectronics Corp (Y79355106).
Its top 10 holdings account for approximately 26.91% of PIE's total assets under management.
Performance and Risk
The ETF has gained about 20.06% so far this year and is up roughly 18.36% in the last one year (as of 11/09/2026). In the past 52-week period, it has traded between $23.46 and $35.69
The ETF has a beta of 0.87 and standard deviation of 22.97% for the trailing three-year period, making it a medium risk choice in the space. With about 115 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 $117.06 billion in assets, iShares Core MSCI Emerging Markets ETF has $141.85 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.