PIEvsESGEETF Comparison
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Invesco DWA Emerging Markets Momentum ETF (PIE) and iShares ESG Aware MSCI EM ETF (ESGE) 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 ESGE. PIE is up 40.93% year-to-date (YTD) with +$92M in YTD flows. ESGE performs worse with 16.91% YTD performance, and -$23M in YTD flows. Run a side-by-side ETF comparison of PIE and ESGE 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 ESGE performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/19/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PIE ESGE | -3.27%-8.05% | +10.56%+1.34% | +40.93%+16.91% | +42.58%+18.44% | +96.70%+85.91% | +52.46%+35.75% |
| Flows | PIE ESGE | +$17M-$64M | -$24M-$70M | +$92M-$23M | +$92M+$749K | +$59M-$276M | +$29M-$1.11B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PIE ESGE | +24.79%+22.26% | +25.28%+23.80% | +19.48%+18.30% | +18.10%+18.22% |
| Max drawdown | PIE ESGE | -10.92%-9.31% | -16.21%-13.67% | -26.75%-15.39% | -36.29%-35.79% |
| Max drawdown duration | PIE ESGE | 14d27d | 88d139d | 377d214d | 1344d1342d |
Trading data
PIE | ESGE | |
Last sale 10/20/2026 at 1:30 PM | $33.38 | $51.41 |
| Previous close 10/19/2026 | $33.27 | $51.44 |
| Consolidated volume 10/19/2026 | ||
| 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 | ESGE | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/20/2026 at 1:30 PM
Live
Closed
PIE | ESGE | |
|---|---|---|
| Last price | $33.38 | $51.41 |
| 1D performance | +0.33% | -0.06% |
| AuM | $263.58 M | $6.51 B |
| E/R | 0.9% | 0.25% |
Characteristics
PIE | ESGE | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | iShares |
| Benchmark | Dorsey Wright Emerging Markets Technical Leaders Index | MSCI Emerging Markets Extended ESG Focus Index |
| N° of holdings | 100 | 283 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 28, 2007 | June 28, 2016 |
| ESG | No | Yes |
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Exposure
Countries
PIE
Taiwan
59.19%
China
14.91%
Other
25.9%
ESGE
Taiwan
28.35%
Republic of Korea
20.94%
China
19.06%
India
10.48%
Other
21.18%
Sectors
PIE
Technology
40.46%
Finance
19.98%
Non-Energy Materi.
17.92%
Industrials
13.02%
Other
8.62%
ESGE
Technology
45.15%
Finance
26.91%
Other
27.94%
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Diversification
PIE
Total weight of top 15 holdings out of 15
34.66%
ESGE
Total weight of top 15 holdings out of 15
41.72%
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%
ESGE
Taiwan Semiconductor Manufacturing Co., Ltd.
15.20%
Samsung Electronics Co., Ltd.
7.27%
SK hynix, Inc.
5.63%
Tencent Holdings Ltd.
2.56%
Alibaba Group Holding Ltd.
1.76%
MediaTek, Inc.
1.47%
China Construction Bank Corp.
1.19%
Delta Electronics, Inc.
1.07%
Samsung Electronics Co., Ltd.
0.99%
Chunghwa Telecom Co., Ltd.
0.98%
Al Rajhi Bank
0.82%
HDFC Bank Ltd.
0.80%
Hon Hai Precision Industry Co., Ltd.
0.68%
SK Square Co. Ltd.
0.65%
Industrial & Commercial Bank of China Ltd.
0.64%
Frequently asked questions about PIE and ESGE
How have the PIE and ESGE ETFs performed in 2026?
As of October 19, 2026, PIE is up 40.93% year-to-date (YTD), while ESGE has returned 16.91%. That puts PIE better performer ahead so far this year.
Which ETF is attracting more investor money: PIE or ESGE?
Year-to-date, the PIE ETF saw +$92M in flows, compared to -$23M for ESGE.
Which ETF is more volatile: PIE or ESGE?
Over the past year, PIE had a volatility of 25.28%, while ESGE experienced 23.8%.
Which ETF is bigger: PIE or ESGE?
As of October 19, 2026, PIE holds $263.58 M in assets under management (AUM), while ESGE manages $6.51 B.
What sectors do the PIE and ESGE ETFs invest in?
PIE leans toward sectors like Technology, Finance and Non-Energy Materials. Meanwhile, ESGE focuses on Technology and Finance.
What are the top holdings of the PIE ETF and ESGE ETF?
PIE top holdings include Wanguo Gold Group Ltd., Topco Scientific Co., Ltd. and Taiwan Semiconductor Manufacturing Co., Ltd.. ESGE 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 ESGE?
PIE holds 100 securities with 34.66% of its assets in the top 15. ESGE has 296 securities and a top 15 weight of 41.72%.
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