PIEvsEMXCETF Comparison
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Invesco DWA Emerging Markets Momentum ETF (PIE) and iShares MSCI Emerging Markets ex China ETF (EMXC) belong to the same industry segment: EM Large & Mid Cap. Both ETFs have the same top 3 sector exposures: Technology, Finance and Non-Energy Materials. PIE is more expensive with a Total Expense Ratio (TER) of 0.9%, versus 0.25% for EMXC. PIE is up 41.27% year-to-date (YTD) with +$92M in YTD flows. EMXC performs worse with 27.14% YTD performance, and +$6.79B in YTD flows. Run a side-by-side ETF comparison of PIE and EMXC below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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PIE vs EMXC performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PIE EMXC | +1.75%-5.26% | +5.61%-1.55% | +41.27%+27.14% | +42.01%+33.73% | +92.25%+98.05% | +55.28%+68.34% |
| Flows | PIE EMXC | +$17M+$996M | -$24M+$1.14B | +$92M+$6.79B | +$92M+$7.02B | +$57M+$10.70B | +$29M+$15.06B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PIE EMXC | +25.59%+26.57% | +25.29%+27.64% | +19.50%+19.61% | +18.11%+17.81% |
| Max drawdown | PIE EMXC | -10.92%-10.63% | -16.21%-18.46% | -26.75%-18.46% | -36.29%-28.25% |
| Max drawdown duration | PIE EMXC | 14d11d | 88d116d | 377d116d | 1344d898d |
Trading data
PIE | EMXC | |
Last sale 10/19/2026 at 1:30 PM | $33.27 | $93.31 |
| Previous close 10/16/2026 | $33.35 | $92.27 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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PIE | EMXC | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/19/2026 at 1:30 PM
Live
Closed
PIE | EMXC | |
|---|---|---|
| Last price | $33.27 | $93.31 |
| 1D performance | -0.23% | +1.13% |
| AuM | $264.22 M | $24.48 B |
| E/R | 0.9% | 0.25% |
Characteristics
PIE | EMXC | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | iShares |
| Benchmark | Dorsey Wright Emerging Markets Technical Leaders Index | MSCI Emerging Markets ex China Index |
| N° of holdings | 100 | 590 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 28, 2007 | July 18, 2017 |
| ESG | No | No |
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Exposure
Countries
PIE
Taiwan
59.19%
China
14.91%
Other
25.9%
EMXC
Taiwan
34.66%
Republic of Korea
26.05%
India
14.31%
Other
24.98%
Sectors
PIE
Technology
40.46%
Finance
19.98%
Non-Energy Materi.
17.92%
Industrials
13.02%
Other
8.62%
EMXC
Technology
49.28%
Finance
20.97%
Non-Energy Materi.
7.38%
Other
22.37%
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Diversification
PIE
Total weight of top 15 holdings out of 15
34.66%
EMXC
Total weight of top 15 holdings out of 15
45.44%
Top 15 holdings
Data as of August 31, 2026
PIE
Wanguo Gold Group Ltd.
3.37%
Topco Scientific Co., Ltd.
2.89%
Taiwan Semiconductor Manufacturing Co., Ltd.
2.74%
Accton Technology Corp.
2.48%
United Integrated Services Co., Ltd.
2.38%
Marketech International Corp.
2.30%
Nan Ya Printed Circuit Board Corp
2.23%
Sigurd Microelectronics Corp.
2.19%
Unimicron Technology Corp.
2.16%
Yankey Engineering Co. Ltd.
2.15%
Zijin Mining Group Co., Ltd.
2.06%
Kinsus Interconnect Technology Corp.
2.02%
King Slide Works Co., Ltd.
2.00%
Chroma Ate, Inc.
1.89%
Supreme Electronics Co. Ltd.
1.80%
EMXC
Taiwan Semiconductor Manufacturing Co., Ltd.
18.97%
Samsung Electronics Co., Ltd.
9.03%
SK hynix, Inc.
6.86%
MediaTek, Inc.
1.81%
Delta Electronics, Inc.
1.15%
Samsung Electronics Co., Ltd.
1.11%
Hon Hai Precision Industry Co., Ltd.
0.98%
HDFC Bank Ltd.
0.86%
ICICI Bank Ltd.
0.82%
Reliance Industries Ltd.
0.79%
SK Square Co. Ltd.
0.71%
ASE Technology Holding Co., Ltd.
0.63%
Samsung Electro-Mechanics Co., Ltd.
0.61%
Anglogold Ashanti Plc
0.57%
Vale SA
0.55%
Frequently asked questions about PIE and EMXC
How have the PIE and EMXC ETFs performed in 2026?
As of October 16, 2026, PIE is up 41.27% year-to-date (YTD), while EMXC has returned 27.14%. That puts PIE better performer ahead so far this year.
Which ETF is attracting more investor money: PIE or EMXC?
Year-to-date, the PIE ETF saw +$92M in flows, compared to +$6.79B for EMXC.
Which ETF is more volatile: PIE or EMXC?
Over the past year, PIE had a volatility of 25.29%, while EMXC experienced 27.64%.
Which ETF is bigger: PIE or EMXC?
As of October 16, 2026, PIE holds $264.22 M in assets under management (AUM), while EMXC manages $24.48 B.
What sectors do the PIE and EMXC ETFs invest in?
PIE leans toward sectors like Technology, Finance and Non-Energy Materials. Meanwhile, EMXC focuses on Technology, Finance and Non-Energy Materials.
What are the top holdings of the PIE ETF and EMXC ETF?
PIE top holdings include Wanguo Gold Group Ltd., Topco Scientific Co., Ltd. and Taiwan Semiconductor Manufacturing Co., Ltd.. EMXC holds in its top three: Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc..
Which ETF is more diversified: PIE or EMXC?
PIE holds 100 securities with 34.66% of its assets in the top 15. EMXC has 598 securities and a top 15 weight of 45.44%.
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Latest news about PIE & EMXC
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