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
$ 247.6 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 +
| MARKETECH INTERNATIONAL CORP. | 4.0 % |
| ACCTON TECHNOLOGY CORP | 3.8 % |
| UNITED INTEGRATED SERVICES | 3.2 % |
| SIGURD MICROELECTRONICS CORP | 3.2 % |
| TOPCO SCIENTIFIC CO LTD | 3.1 % |
| TAIWAN SEMICONDUCTOR MANUFAC | 3.0 % |
| NANYA TECHNOLOGY CORPORATION | 2.5 % |
| YANKEY ENGINEERING CO LTD ORDINARY SHARE | 2.2 % |
| WINBOND ELECTRONICS CORP | 2.2 % |
| TISCO FINANCIAL GROUP-NVDR | 2.1 % |
Constituent Breakdown
| Number of holdings | 112 |
| Herfindahl-Hirschman Index | 162 |
| Wgt avg mkt cap (mns) | $72,605 |
| Large cap (>$10bn) | 46.1% |
| Mid cap ($2-10bn) | 35.5% |
| Small cap (<$2bn) | 9.5% |
| Developed mkts. | 0.3% |
| Emerging mkts. | 90.9% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 60.7 % |
 |
CHINA | 9.1 % |
 |
SOUTH AFRICA | 3.9 % |
 |
THAILAND | 3.6 % |
 |
BRAZIL | 3.2 % |
 |
MEXICO | 3.1 % |
 |
MALAYSIA | 2.7 % |
 |
TURKEY | 1.7 % |
 |
PHILIPPINES | 1.2 % |
 |
HUNGARY | 0.8 % |
Historical Performance
Standardized Performance (as of 06/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 41.3% | 59.5% | 25.1% | 20.7% | 4.1% | 7.8% | -- | 1.5% |
| Dividend Yield | 1.0% | 3.3% | 2.6% | 2.9% | 2.6% | 2.4% | -- | 1.5% |
| Total Returns | 42.3% | 62.8% | 27.6% | 23.6% | 6.7% | 10.3% | -- | 3.1% | Ann. Volatility | 30.1% | 24.3% | 23.6% | 21.4% | 20.9% | 21.6% | -- | 24.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.34 | 47% |
| MSCI EAFE | 1.06 | 46% |
| MSCI Emg Mkts | 0.93 | 76% |
Liquidity Measures
| Avg. volume (000) | 101 |
| ADV traded (mns) | $3 |
| Turnover | 1.3% |
| Avg. Bid/Ask (% of price) | 0.72% |
Technical Indicators
| 30d moving avg. (EMA) | $32.24 |
| Relative strength (RSI) | 55 |
| MACD/Signal | 0.19/0.29 |
| Bollinger Bands (Upper/Lower) | $34.00/$31.36 |
| Short interest (% of AUM) | 4.8% |
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 |
|---|---|---|---|---|
| FLTW | Franklin FTSE Taiwan ETF | 25.8% | -71 bp | -0.1% |
| FEM | First Trust Emerging Markets AlphaDEX Fund | 25.1% | -10 bp | +5.3% |
| EWT | iShares MSCI Taiwan ETF | 23.6% | -32 bp | -0.5% |
| EEMO | Invesco S&P Emerging Markets Momentum ETF | 18.0% | -61 bp | +3.6% |
| EMMF | WisdomTree Emerging Markets Multifactor Fund | 17.2% | -42 bp | +6.4% |
| ROAM | Hartford Multifactor Emerging Markets ETF | 16.9% | -46 bp | +4.2% |
| ECON | Columbia Emerging Markets Consumer ETF | 15.5% | -41 bp | +3.9% |
| DGRE | WisdomTree Emerging Markets Quality Dividend Growth Fund | 15.4% | -58 bp | +2.1% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 14.5% | -41 bp | +4.3% |
| MFEM | PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF | 14.4% | -40 bp | +4.0% |
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 7/16/2026
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
4.2%
ALTAR SCORE™
6th
PERCENTILE
AVOID
ETFRC RATING
There are 208 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.7% and a standard deviation
of 2.3%. PIE's ALTAR Score™ is approximately -1.6 standard
deviations above the category average. This places PIE in the 6th percentile
among funds in the category.
Sell-Side Consensus
$38.29
PRICE TARGET
+18.1%
UPSIDE