PIZvsDBEFETF Comparison
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Invesco DWA Developed Markets Momentum ETF (PIZ) and Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) belong to the same industry segment: DM Large & Mid Cap. Both ETFs have the same top 3 sector exposures: Finance, Industrials and Technology. PIZ is more expensive with a Total Expense Ratio (TER) of 0.8%, versus 0.35% for DBEF. PIZ is up 4.44% year-to-date (YTD) with +$74M in YTD flows. DBEF performs better with 14.32% YTD performance, and +$11M in YTD flows. Run a side-by-side ETF comparison of PIZ and DBEF 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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PIZ vs DBEF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PIZ DBEF | -4.26%+0.71% | -3.79%+0.98% | +4.44%+14.32% | +8.14%+19.10% | +85.82%+70.29% | +42.44%+87.43% |
| Flows | PIZ DBEF | -$20M+$77M | -$103M+$144M | +$74M+$11M | +$127M-$138M | +$371M+$1.88B | +$293M+$2.46B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PIZ DBEF | +20.61%+8.05% | +23.27%+11.03% | +18.39%+11.68% | +18.70%+11.95% |
| Max drawdown | PIZ DBEF | -8.77%-3.80% | -15.97%-9.03% | -15.97%-14.53% | -39.71%-14.56% |
| Max drawdown duration | PIZ DBEF | 60d64d | 163d81d | 163d73d | 1176d385d |
Trading data
PIZ | DBEF | |
Last sale 10/16/2026 at 1:30 PM | $50.22 | $54.86 |
| Previous close 10/15/2026 | $50.37 | $55.07 |
| Consolidated volume 10/15/2026 | ||
| 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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PIZ | DBEF | |
|---|---|---|
| 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 1:30 PM
Live
Closed
PIZ | DBEF | |
|---|---|---|
| Last price | $50.22 | $54.86 |
| 1D performance | -0.30% | -0.38% |
| AuM | $610.55 M | $9.35 B |
| E/R | 0.8% | 0.35% |
Characteristics
PIZ | DBEF | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | Xtrackers by DWS |
| Benchmark | Dorsey Wright Developed Markets Technical Leaders Index | MSCI EAFE Index |
| N° of holdings | 100 | 824 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 28, 2007 | June 8, 2011 |
| ESG | No | No |
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Exposure
Countries
PIZ
Canada
20.04%
Japan
14.44%
Republic of Korea
7.82%
Switzerland
7.66%
Other
50.04%
DBEF
Japan
23.09%
United Kingdom
13.49%
Switzerland
9.85%
Germany
8.84%
France
8.56%
Other
36.17%
Sectors
PIZ
Finance
46.5%
Industrials
25.13%
Technology
14.41%
Other
13.96%
DBEF
Finance
27.38%
Industrials
15.81%
Technology
12.76%
Healthcare
9.67%
Consumer Non-Cycl.
7.87%
Non-Energy Materi.
7.02%
Other
19.5%
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Diversification
PIZ
Total weight of top 15 holdings out of 15
34.59%
DBEF
Total weight of top 15 holdings out of 15
18.18%
Top 15 holdings
Data as of August 31, 2026
PIZ
Constellation Software, Inc.
3.42%
Bombardier, Inc.
2.98%
Toromont Industries Ltd.
2.66%
BELIMO Holding AG
2.52%
Lion Finance Group Plc
2.48%
The Toronto-Dominion Bank
2.46%
HD Hyundai Electric Co., Ltd.
2.40%
Royal Bank of Canada
2.27%
Investor AB
2.24%
Swedbank AB
1.94%
Unipol Assicurazioni SpA
1.93%
SK hynix, Inc.
1.90%
InterContinental Hotels Group Plc
1.88%
Oversea-Chinese Banking Corp. Ltd.
1.78%
BPER Banca SpA
1.76%
DBEF
ASML Holding NV
2.95%
HSBC Holdings Plc
1.56%
Roche Holding AG
1.38%
Novartis AG
1.24%
Shell Plc
1.11%
Nestlé SA
1.11%
Siemens AG
1.10%
AstraZeneca PLC
1.08%
BHP Group Ltd.
1.08%
Mitsubishi UFJ Financial Group, Inc.
1.07%
SAP SE
1.02%
Banco Santander SA
0.92%
Allianz SE
0.88%
Schneider Electric SE
0.84%
Commonwealth Bank of Australia
0.83%
Frequently asked questions about PIZ and DBEF
How have the PIZ and DBEF ETFs performed in 2026?
As of October 16, 2026, PIZ is up 4.44% year-to-date (YTD), while DBEF has returned 14.32%. That puts DBEF better performer ahead so far this year.
Which ETF is attracting more investor money: PIZ or DBEF?
Year-to-date, the PIZ ETF saw +$74M in flows, compared to +$11M for DBEF.
Which ETF is more volatile: PIZ or DBEF?
Over the past year, PIZ had a volatility of 23.27%, while DBEF experienced 11.03%.
Which ETF is bigger: PIZ or DBEF?
As of October 16, 2026, PIZ holds $610.55 M in assets under management (AUM), while DBEF manages $9.35 B.
What sectors do the PIZ and DBEF ETFs invest in?
PIZ leans toward sectors like Finance, Industrials and Technology. Meanwhile, DBEF focuses on Finance, Industrials and Technology.
What are the top holdings of the PIZ ETF and DBEF ETF?
PIZ top holdings include Constellation Software, Inc., Bombardier, Inc. and Toromont Industries Ltd.. DBEF holds in its top three: ASML Holding NV, HSBC Holdings Plc and Roche Holding AG.
Which ETF is more diversified: PIZ or DBEF?
PIZ holds 100 securities with 34.59% of its assets in the top 15. DBEF has 834 securities and a top 15 weight of 18.18%.
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