PIZvsIQLTETF Comparison
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Invesco DWA Developed Markets Momentum ETF (PIZ) and iShares MSCI Intl Quality Factor ETF (IQLT) belong to the same industry segment: DM Large & Mid Cap. PIZ's top 3 sector exposures are Finance, Industrials and Technology. In contrast, IQLT's top sector exposures are Finance, Technology and Industrials. PIZ is more expensive with a Total Expense Ratio (TER) of 0.8%, versus 0.3% for IQLT. PIZ is up 4.44% year-to-date (YTD) with +$74M in YTD flows. IQLT performs better with 12.44% YTD performance, and -$1.17B in YTD flows. Run a side-by-side ETF comparison of PIZ and IQLT 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 IQLT 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 IQLT | -4.26%+0.94% | -3.79%+1.48% | +4.44%+12.44% | +8.14%+15.29% | +85.82%+60.34% | +42.44%+46.95% |
| Flows | PIZ IQLT | -$20M-$94M | -$103M-$94M | +$74M-$1.17B | +$127M-$486M | +$371M+$3.19B | +$293M+$6.45B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PIZ IQLT | +20.61%+11.36% | +23.27%+14.96% | +18.39%+14.64% | +18.70%+16.25% |
| Max drawdown | PIZ IQLT | -8.77%-5.99% | -15.97%-10.50% | -15.97%-13.29% | -39.71%-29.60% |
| Max drawdown duration | PIZ IQLT | 60d52d | 163d65d | 163d217d | 1176d828d |
Trading data
PIZ | IQLT | |
Last sale 10/16/2026 at 1:30 PM | $50.22 | $50.25 |
| Previous close 10/15/2026 | $50.37 | $50.20 |
| 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 | IQLT | |
|---|---|---|
| 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 | IQLT | |
|---|---|---|
| Last price | $50.22 | $50.25 |
| 1D performance | -0.30% | +0.10% |
| AuM | $610.55 M | $13.76 B |
| E/R | 0.8% | 0.3% |
Characteristics
PIZ | IQLT | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | iShares |
| Benchmark | Dorsey Wright Developed Markets Technical Leaders Index | MSCI World ex USA Sector Neutral Quality Index |
| N° of holdings | 100 | 285 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 28, 2007 | January 13, 2015 |
| 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%
IQLT
United Kingdom
14.6%
Japan
13.9%
Switzerland
13.26%
Canada
8.91%
Netherlands
7.96%
France
7.45%
Other
33.93%
Sectors
PIZ
Finance
46.5%
Industrials
25.13%
Technology
14.41%
Other
13.96%
IQLT
Finance
27.53%
Technology
15.13%
Industrials
14.09%
Healthcare
8.41%
Non-Energy Materi.
8.24%
Other
26.6%
Diversification
PIZ
Total weight of top 15 holdings out of 15
34.59%
IQLT
Total weight of top 15 holdings out of 15
30.05%
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%
IQLT
ASML Holding NV
5.44%
Allianz SE
2.77%
Roche Holding AG
2.14%
ABB Ltd.
1.90%
Recruit Holdings Co., Ltd.
1.81%
Nestlé SA
1.73%
Advantest Corp.
1.73%
Zurich Insurance Group AG
1.73%
Novartis AG
1.71%
BHP Group Ltd.
1.65%
AstraZeneca PLC
1.57%
Shell Plc
1.53%
Rolls-Royce Holdings Plc
1.53%
Schneider Electric SE
1.43%
Tokio Marine Holdings, Inc.
1.38%
Frequently asked questions about PIZ and IQLT
How have the PIZ and IQLT ETFs performed in 2026?
As of October 16, 2026, PIZ is up 4.44% year-to-date (YTD), while IQLT has returned 12.44%. That puts IQLT better performer ahead so far this year.
Which ETF is attracting more investor money: PIZ or IQLT?
Year-to-date, the PIZ ETF saw +$74M in flows, compared to -$1.17B for IQLT.
Which ETF is more volatile: PIZ or IQLT?
Over the past year, PIZ had a volatility of 23.27%, while IQLT experienced 14.96%.
Which ETF is bigger: PIZ or IQLT?
As of October 16, 2026, PIZ holds $610.55 M in assets under management (AUM), while IQLT manages $13.76 B.
What sectors do the PIZ and IQLT ETFs invest in?
PIZ leans toward sectors like Finance, Industrials and Technology. Meanwhile, IQLT focuses on Finance, Technology and Industrials.
What are the top holdings of the PIZ ETF and IQLT ETF?
PIZ top holdings include Constellation Software, Inc., Bombardier, Inc. and Toromont Industries Ltd.. IQLT holds in its top three: ASML Holding NV, Allianz SE and Roche Holding AG.
Which ETF is more diversified: PIZ or IQLT?
PIZ holds 100 securities with 34.59% of its assets in the top 15. IQLT has 292 securities and a top 15 weight of 30.05%.
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