PIE Performance — Invesco Dorsey Wright Emerging Markets Momentum ETF
Data updated: 2026-09-28
PIE returned +25.09% year to date and +42.30% over one year to Jul 2026. Annualised returns are +16.44% over 3 years and +5.43% over 5 years. Against its Emerging Markets Equity category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $158, against $164 for the category, and to $142 over one year, against $134. Volatility over the past three years was 19.62% a year. In the 12 months to Jul 2026 the fund took in a net $87.7M, and assets reached $228.29M.
PIE Growth of $100
What $100 invested in Invesco Dorsey Wright Emerging Markets Momentum ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Emerging Markets Equity category average over the same months.
| Period | PIE | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $142 | $134 |
| 3 years (Aug 2023 – Jul 2026) | $158 | $164 |
| 5 years (Aug 2021 – Jul 2026) | $130 | $143 |
| Since data start (Aug 2019 – Jul 2026) | $192 | $188 |
PIE Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +25.09% |
| 1 year | +42.30% |
| 3 years (annualised) | +16.44% |
| 5 years (annualised) | +5.43% |
PIE Annual Returns
Calendar-year total returns of Invesco Dorsey Wright Emerging Markets Momentum ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +25.09% |
| 2025 | +25.49% |
| 2024 | +0.56% |
| 2023 | +13.45% |
| 2022 | −27.89% |
| 2021 | +13.28% |
| 2020 | +21.19% |
| 2019 (Aug–Dec) | +8.50% |
PIE Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +8.2% | +9.1% | −8.6% | +18.9% | +5.6% | +3.4% | −10.8% | — | — | — | — | — |
| 2025 | −4.1% | +0.4% | −2.6% | +0.9% | +5.6% | +7.6% | +2.6% | +9.9% | +4.5% | −1.0% | 0.0% | +0.2% |
| 2024 | −0.3% | +3.0% | +3.0% | +1.7% | +0.6% | +1.5% | −4.0% | +0.4% | +0.9% | −3.4% | −1.1% | −1.4% |
| 2023 | +4.6% | −2.2% | +1.4% | −1.0% | +0.1% | +3.9% | +6.2% | −3.2% | −2.8% | −6.4% | +9.3% | +3.9% |
| 2022 | −6.6% | +1.1% | −3.2% | −7.5% | +2.8% | −14.9% | −0.5% | +1.7% | −11.0% | −4.3% | +15.4% | −2.0% |
| 2021 | +1.8% | +4.6% | −2.0% | +7.5% | −0.3% | +6.9% | −6.1% | +0.1% | −5.3% | +2.9% | +0.1% | +3.3% |
| 2020 | −4.5% | −4.4% | −16.4% | +10.0% | +4.1% | +7.8% | +9.2% | +0.2% | −1.8% | +1.3% | +6.9% | +10.5% |
| 2019 | — | — | — | — | — | — | — | −2.0% | +0.4% | +5.7% | −0.9% | +5.2% |
PIE Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 19.62%
- 3-year Sharpe ratio: 0.61 (vs 4.5% risk-free rate)
- Best month: +18.91% (Apr 2026)
- Worst month: −10.77% (Jul 2026)
PIE Fund Flows
Monthly money in and out of Invesco Dorsey Wright Emerging Markets Momentum ETF, from SEC Form N-PORT.
- 12-month net flow: $87.7M
- 12-month gross sales (incl. reinvestments): $126.4M
- Sales ÷ redemptions: 3.26×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $25.8M | $33.5M | −$7.8M |
| Jun 2026 | $21.6M | $99K | $21.5M |
| May 2026 | $25.9M | $58K | $25.8M |
| Apr 2026 | $15.5M | $86K | $15.4M |
| Mar 2026 | $8.1M | $15K | $8.0M |
| Feb 2026 | $17.8M | $0 | $17.8M |
| Jan 2026 | $2.5M | $0 | $2.5M |
| Dec 2025 | $0 | $4.9M | −$4.9M |
| Nov 2025 | $4.9M | $3K | $4.9M |
| Oct 2025 | $0 | $0 | $0 |
| Sep 2025 | $0 | $0 | $0 |
| Aug 2025 | $4.4M | $91 | $4.4M |
PIE Assets Under Management
Net assets of Invesco Dorsey Wright Emerging Markets Momentum ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $228.29M |
| 2026-04-30 | $200.65M |
| 2026-01-31 | $130.47M |
| 2025-10-31 | $119.27M |
| 2025-07-31 | $101.03M |
| 2025-04-30 | $84.76M |
| 2025-01-31 | $101.86M |
| 2024-10-31 | $123.27M |
| 2024-07-31 | $126.74M |
| 2024-04-30 | $127.60M |
| 2024-01-31 | $123.43M |
| 2023-10-31 | $118.03M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.