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
$ 128.5 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 +
| ACCTON TECHNOLOGY CORP | 3.0 % |
| WANGUO INTERNATIONAL MINING | 3.0 % |
| TAIWAN SEMICONDUCTOR MANUFAC | 2.9 % |
| TERA YATIRIM MENKUL DEGERLER AS | 2.8 % |
| TOPCO SCIENTIFIC CO LTD | 2.7 % |
| TISCO FINANCIAL GROUP-NVDR | 2.3 % |
| REMEGEN CO. LTD. CLASS H | 2.1 % |
| HBM HOLDINGS LTD. | 2.1 % |
| GETAC TECHNOLOGY CORP | 2.1 % |
| LITE-ON TECHNOLOGY CORP | 2.0 % |
Constituent Breakdown
| Number of holdings | 94 |
| Herfindahl-Hirschman Index | 134 |
| Wgt avg mkt cap (mns) | $47,174 |
| Large cap (>$10bn) | 35.1% |
| Mid cap ($2-10bn) | 32.9% |
| Small cap (<$2bn) | 15.2% |
| Developed mkts. | 0.6% |
| Emerging mkts. | 83.8% |
Sector Breakdown
Country Exposure
 |
CHINA | 28.8 % |
 |
TAIWAN | 27.7 % |
 |
MEXICO | 6.1 % |
 |
BRAZIL | 4.8 % |
 |
SOUTH AFRICA | 4.1 % |
 |
THAILAND | 3.2 % |
 |
MALAYSIA | 2.6 % |
 |
HUNGARY | 2.1 % |
 |
INDONESIA | 1.5 % |
 |
TURKEY | 1.4 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 19.9% | 52.7% | 18.4% | 16.1% | 2.9% | 7.1% | -- | 0.7% |
| Dividend Yield | 0.0% | 3.7% | 2.7% | 2.8% | 2.5% | 2.4% | -- | 1.5% |
| Total Returns | 19.9% | 56.5% | 21.1% | 19.0% | 5.3% | 9.5% | -- | 2.2% | Ann. Volatility | 18.6% | 21.6% | 19.9% | 18.7% | 20.1% | 20.9% | -- | 24.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.72 | 41% |
| MSCI EAFE | 0.92 | 49% |
| MSCI Emg Mkts | 1.02 | 74% |
Liquidity Measures
| Avg. volume (000) | 38 |
| ADV traded (mns) | $1 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 1.00% |
Technical Indicators
| 30d moving avg. (EMA) | $26.34 |
| Relative strength (RSI) | 48 |
| MACD/Signal | -0.20/-0.12 |
| Bollinger Bands (Upper/Lower) | $27.49/$25.18 |
| Short interest (% of AUM) | 4.8% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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 |
|---|---|---|---|---|
| FEM | First Trust Emerging Markets AlphaDEX Fund | 17.4% | -10 bp | +4.0% |
| FLTW | Franklin FTSE Taiwan ETF | 15.1% | -71 bp | -0.3% |
| ECON | Columbia Emerging Markets Consumer ETF | 14.9% | -41 bp | +3.5% |
| EWT | iShares MSCI Taiwan ETF | 14.5% | -32 bp | -0.6% |
| FDEM | Fidelity Emerging Markets Multifactor ETF | 13.3% | -65 bp | +7.5% |
| EMMF | WisdomTree Emerging Markets Multifactor Fund | 12.9% | -42 bp | +5.1% |
| DGRE | WisdomTree Emerging Markets Quality Dividend Growth Fund | 12.6% | -58 bp | +1.0% |
| UEVM | VictoryShares Emerging Markets Value Momentum ETF | 12.5% | -45 bp | +4.8% |
| EEMO | Invesco S&P Emerging Markets Momentum ETF | 12.3% | -61 bp | +4.0% |
| EMXF | iShares ESG Advanced MSCI EM ETF | 12.2% | -74 bp | +3.3% |
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 4/3/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
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
5.3%
ALTAR SCORE™
10st
PERCENTILE
AVOID
ETFRC RATING
There are 197 funds in the Emerging Equity category with an average
ALTAR Score™ of 8.2% and a standard deviation
of 2.3%. PIE's ALTAR Score™ is approximately -1.3 standard
deviations above the category average. This places PIE in the 10st percentile
among funds in the category.
Sell-Side Consensus
$31.45
PRICE TARGET
+20.6%
UPSIDE