PIEvsFNDEETF Comparison
VS
ETF 2
FNDE
Schwab Fundamental Emerging Markets Large Company Index ETF
This fund is part of
EM Large & Mid Cap
-1.26%
Invesco DWA Emerging Markets Momentum ETF (PIE) and Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) belong to the same industry segment: EM Large & Mid Cap. PIE's top 3 sector exposures are Technology, Finance and Non-Energy Materials. In contrast, FNDE's top sector exposures are Finance, Technology and Energy. PIE is more expensive with a Total Expense Ratio (TER) of 0.9%, versus 0.39% for FNDE. PIE is up 41.27% year-to-date (YTD) with +$92M in YTD flows. FNDE performs worse with 18.62% YTD performance, and +$741M in YTD flows. Run a side-by-side ETF comparison of PIE and FNDE 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 FNDE 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 FNDE | +1.75%+1.54% | +5.61%+5.10% | +41.27%+18.62% | +42.01%+22.62% | +92.25%+86.21% | +55.28%+67.90% |
| Flows | PIE FNDE | +$17M-$9M | -$24M+$471M | +$92M+$741M | +$92M+$1.10B | +$57M+$1.91B | +$29M+$2.90B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PIE FNDE | +25.59%+11.14% | +25.29%+13.53% | +19.50%+14.23% | +18.11%+14.87% |
| Max drawdown | PIE FNDE | -10.92%-2.87% | -16.21%-9.42% | -26.75%-15.44% | -36.29%-29.29% |
| Max drawdown duration | PIE FNDE | 14d37d | 88d68d | 377d245d | 1344d824d |
Trading data
PIE | FNDE | |
Last sale 10/19/2026 at 1:30 PM | $33.27 | $42.28 |
| Previous close 10/16/2026 | $33.35 | $42.44 |
| 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 | FNDE | |
|---|---|---|
| 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 | FNDE | |
|---|---|---|
| Last price | $33.27 | $42.28 |
| 1D performance | -0.23% | -0.38% |
| AuM | $264.22 M | $10.45 B |
| E/R | 0.9% | 0.39% |
Characteristics
PIE | FNDE | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | Schwab ETFs |
| Benchmark | Dorsey Wright Emerging Markets Technical Leaders Index | RAFI Fundamental High Liquidity Emerging Markets Index |
| N° of holdings | 100 | 291 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 28, 2007 | August 15, 2013 |
| ESG | No | No |
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Exposure
Countries
PIE
Taiwan
59.19%
China
14.91%
Other
25.9%
FNDE
China
30.6%
Taiwan
19.63%
Brazil
12.91%
India
9.84%
Other
27.02%
Sectors
PIE
Technology
40.46%
Finance
19.98%
Non-Energy Materi.
17.92%
Industrials
13.02%
Other
8.62%
FNDE
Finance
28.37%
Technology
19.44%
Energy
14.82%
Non-Energy Materi.
13.69%
Consumer Non-Cycl.
7.53%
Other
16.15%
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Diversification
PIE
Total weight of top 15 holdings out of 15
34.66%
FNDE
Total weight of top 15 holdings out of 15
33.18%
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%
FNDE
Taiwan Semiconductor Manufacturing Co., Ltd.
5.81%
Alibaba Group Holding Ltd.
3.01%
Vale SA
2.85%
Hon Hai Precision Industry Co., Ltd.
2.74%
China Construction Bank Corp.
2.73%
Petróleo Brasileiro SA
2.49%
Petróleo Brasileiro SA
2.34%
Tencent Holdings Ltd.
1.95%
JD.com, Inc.
1.70%
Industrial & Commercial Bank of China Ltd.
1.69%
Bank of China Ltd.
1.41%
PetroChina Co., Ltd.
1.20%
China Petroleum & Chemical Corp.
1.12%
Ping An Insurance (Group) Co. of China Ltd.
1.12%
Lenovo Group Ltd.
1.01%
Frequently asked questions about PIE and FNDE
How have the PIE and FNDE ETFs performed in 2026?
As of October 16, 2026, PIE is up 41.27% year-to-date (YTD), while FNDE has returned 18.62%. That puts PIE better performer ahead so far this year.
Which ETF is attracting more investor money: PIE or FNDE?
Year-to-date, the PIE ETF saw +$92M in flows, compared to +$741M for FNDE.
Which ETF is more volatile: PIE or FNDE?
Over the past year, PIE had a volatility of 25.29%, while FNDE experienced 13.53%.
Which ETF is bigger: PIE or FNDE?
As of October 16, 2026, PIE holds $264.22 M in assets under management (AUM), while FNDE manages $10.45 B.
What sectors do the PIE and FNDE ETFs invest in?
PIE leans toward sectors like Technology, Finance and Non-Energy Materials. Meanwhile, FNDE focuses on Finance, Technology and Energy.
What are the top holdings of the PIE ETF and FNDE ETF?
PIE top holdings include Wanguo Gold Group Ltd., Topco Scientific Co., Ltd. and Taiwan Semiconductor Manufacturing Co., Ltd.. FNDE holds in its top three: Taiwan Semiconductor Manufacturing Co., Ltd., Alibaba Group Holding Ltd. and Vale SA.
Which ETF is more diversified: PIE or FNDE?
PIE holds 100 securities with 34.66% of its assets in the top 15. FNDE has 329 securities and a top 15 weight of 33.18%.
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