PIEvsSCHEETF Comparison
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Invesco DWA Emerging Markets Momentum ETF (PIE) and Schwab Emerging Markets Equity ETF (SCHE) 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 0.06% for SCHE. PIE is up 41.27% year-to-date (YTD) with +$92M in YTD flows. SCHE performs worse with 9.61% YTD performance, and +$93M in YTD flows. Run a side-by-side ETF comparison of PIE and SCHE 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 SCHE 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 SCHE | +1.75%-1.04% | +5.61%-0.75% | +41.27%+9.61% | +42.01%+9.94% | +92.25%+64.90% | +55.28%+32.39% |
| Flows | PIE SCHE | +$17M+$72M | -$24M+$148M | +$92M+$93M | +$92M+$392M | +$57M+$374M | +$29M+$1.40B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PIE SCHE | +25.59%+14.88% | +25.29%+16.16% | +19.50%+14.63% | +18.11%+15.43% |
| Max drawdown | PIE SCHE | -10.92%-4.29% | -16.21%-10.67% | -26.75%-14.57% | -36.29%-30.54% |
| Max drawdown duration | PIE SCHE | 14d38d | 88d57d | 377d223d | 1344d1072d |
Trading data
PIE | SCHE | |
Last sale 10/16/2026 at 7:58 PM | $33.39 | $35.78 |
| Previous close 10/16/2026 | $34.02 | $35.70 |
| 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 | SCHE | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 7:58 PM
Live
Closed
PIE | SCHE | |
|---|---|---|
| Last price | $33.39 | $35.78 |
| 1D performance | -1.85% | +0.22% |
| AuM | $264.22 M | $12.67 B |
| E/R | 0.9% | 0.06% |
Characteristics
PIE | SCHE | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | Schwab ETFs |
| Benchmark | Dorsey Wright Emerging Markets Technical Leaders Index | FTSE Emerging Index |
| N° of holdings | 100 | 1336 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 28, 2007 | January 14, 2010 |
| ESG | No | No |
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Exposure
Countries
PIE
Taiwan
59.19%
China
14.91%
Other
25.9%
SCHE
Taiwan
25.2%
China
24.78%
India
18.48%
Other
31.54%
Sectors
PIE
Technology
40.46%
Finance
19.98%
Non-Energy Materi.
17.92%
Industrials
13.02%
Other
8.62%
SCHE
Technology
30.14%
Finance
26.32%
Non-Energy Materi.
8.48%
Consumer Non-Cycl.
8.27%
Other
26.79%
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Diversification
PIE
Total weight of top 15 holdings out of 15
34.66%
SCHE
Total weight of top 15 holdings out of 15
36.02%
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%
SCHE
Taiwan Semiconductor Manufacturing Co., Ltd.
19.36%
Tencent Holdings Ltd.
3.87%
Alibaba Group Holding Ltd.
3.03%
China Construction Bank Corp.
1.14%
Reliance Industries Ltd.
1.02%
Hon Hai Precision Industry Co., Ltd.
0.98%
HDFC Bank Ltd.
0.96%
ICICI Bank Ltd.
0.87%
Industrial & Commercial Bank of China Ltd.
0.84%
PDD Holdings, Inc.
0.74%
Bharti Airtel Ltd.
0.68%
Xiaomi Corp.
0.67%
Anglogold Ashanti Plc
0.67%
Al Rajhi Bank
0.60%
Meituan
0.60%
Frequently asked questions about PIE and SCHE
How have the PIE and SCHE ETFs performed in 2026?
As of October 16, 2026, PIE is up 41.27% year-to-date (YTD), while SCHE has returned 9.61%. That puts PIE better performer ahead so far this year.
Which ETF is attracting more investor money: PIE or SCHE?
Year-to-date, the PIE ETF saw +$92M in flows, compared to +$93M for SCHE.
Which ETF is more volatile: PIE or SCHE?
Over the past year, PIE had a volatility of 25.29%, while SCHE experienced 16.16%.
Which ETF is bigger: PIE or SCHE?
As of October 16, 2026, PIE holds $264.22 M in assets under management (AUM), while SCHE manages $12.67 B.
What sectors do the PIE and SCHE ETFs invest in?
PIE leans toward sectors like Technology, Finance and Non-Energy Materials. Meanwhile, SCHE focuses on Technology, Finance and Non-Energy Materials.
What are the top holdings of the PIE ETF and SCHE ETF?
PIE top holdings include Wanguo Gold Group Ltd., Topco Scientific Co., Ltd. and Taiwan Semiconductor Manufacturing Co., Ltd.. SCHE holds in its top three: Taiwan Semiconductor Manufacturing Co., Ltd., Tencent Holdings Ltd. and Alibaba Group Holding Ltd..
Which ETF is more diversified: PIE or SCHE?
PIE holds 100 securities with 34.66% of its assets in the top 15. SCHE has 1407 securities and a top 15 weight of 36.02%.
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