PIEvsINDAETF Comparison
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Invesco DWA Emerging Markets Momentum ETF (PIE) and iShares MSCI India ETF (INDA) 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, INDA's top sector exposures are Finance, Industrials and Consumer Cyclicals. PIE is more expensive with a Total Expense Ratio (TER) of 0.9%, versus 0.61% for INDA. PIE is up 40.93% year-to-date (YTD) with +$92M in YTD flows. INDA performs worse with -12.52% YTD performance, and -$2.60B in YTD flows. Run a side-by-side ETF comparison of PIE and INDA 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 INDA 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 INDA | -3.27%-2.38% | +10.56%-2.67% | +40.93%-12.52% | +42.58%-13.24% | +96.70%+7.89% | +52.46%+1.38% |
| Flows | PIE INDA | +$17M-$416M | -$24M-$767M | +$92M-$2.60B | +$92M-$2.53B | +$59M-$572M | +$29M-$166M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PIE INDA | +24.79%+13.33% | +25.28%+14.72% | +19.48%+14.93% | +18.10%+15.38% |
| Max drawdown | PIE INDA | -10.92%-9.87% | -16.21%-17.75% | -26.75%-23.22% | -36.29%-23.22% |
| Max drawdown duration | PIE INDA | 14d77d | 88d362d | 377d753d | 1344d753d |
Trading data
PIE | INDA | |
Last sale 10/20/2026 at 1:30 PM | $33.38 | $47.78 |
| Previous close 10/19/2026 | $33.27 | $47.40 |
| 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 | INDA | |
|---|---|---|
| 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 | INDA | |
|---|---|---|
| Last price | $33.38 | $47.78 |
| 1D performance | +0.33% | +0.80% |
| AuM | $263.58 M | $5.81 B |
| E/R | 0.9% | 0.61% |
Characteristics
PIE | INDA | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | iShares |
| Benchmark | Dorsey Wright Emerging Markets Technical Leaders Index | MSCI Emerging Markets India Index |
| N° of holdings | 100 | 169 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 28, 2007 | February 2, 2012 |
| ESG | No | No |
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Exposure
Countries
PIE
Taiwan
59.19%
China
14.91%
Other
25.9%
INDA
India
99.62%
Other
0.38%
Sectors
PIE
Technology
40.46%
Finance
19.98%
Non-Energy Materi.
17.92%
Industrials
13.02%
Other
8.62%
INDA
Finance
31.12%
Industrials
11.13%
Consumer Cyclical.
9.81%
Non-Energy Materi.
9.18%
Energy
7.94%
Technology
7.93%
Other
22.89%
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Diversification
PIE
Total weight of top 15 holdings out of 15
34.66%
INDA
Total weight of top 15 holdings out of 15
42.02%
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%
INDA
HDFC Bank Ltd.
5.95%
ICICI Bank Ltd.
5.67%
Reliance Industries Ltd.
5.45%
Bharti Airtel Ltd.
3.78%
BlackRock Cash Funds - Treasury
3.05%
Infosys Ltd.
2.56%
Axis Bank Ltd.
2.18%
Mahindra & Mahindra Ltd.
2.12%
Larsen & Toubro Ltd.
2.02%
Bajaj Finance Ltd.
1.95%
Kotak Mahindra Bank Ltd.
1.70%
State Bank of India
1.45%
Tata Consultancy Services Ltd.
1.45%
Titan Co. Ltd.
1.35%
Sun Pharmaceutical Industries Ltd.
1.33%
Frequently asked questions about PIE and INDA
How have the PIE and INDA ETFs performed in 2026?
As of October 19, 2026, PIE is up 40.93% year-to-date (YTD), while INDA has lost -12.52%. That puts PIE better performer ahead so far this year.
Which ETF is attracting more investor money: PIE or INDA?
Year-to-date, the PIE ETF saw +$92M in flows, compared to -$2.60B for INDA.
Which ETF is more volatile: PIE or INDA?
Over the past year, PIE had a volatility of 25.28%, while INDA experienced 14.72%.
Which ETF is bigger: PIE or INDA?
As of October 19, 2026, PIE holds $263.58 M in assets under management (AUM), while INDA manages $5.81 B.
What sectors do the PIE and INDA ETFs invest in?
PIE leans toward sectors like Technology, Finance and Non-Energy Materials. Meanwhile, INDA focuses on Finance, Industrials and Consumer Cyclicals.
What are the top holdings of the PIE ETF and INDA ETF?
PIE top holdings include Wanguo Gold Group Ltd., Topco Scientific Co., Ltd. and Taiwan Semiconductor Manufacturing Co., Ltd.. INDA holds in its top three: HDFC Bank Ltd., ICICI Bank Ltd. and Reliance Industries Ltd..
Which ETF is more diversified: PIE or INDA?
PIE holds 100 securities with 34.66% of its assets in the top 15. INDA has 169 securities and a top 15 weight of 42.02%.
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Latest news about PIE & INDA
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