AVSE vs PIE
Comparison between AVANTIS RESPONSIBLE EMERGING MARKETS EQUITY ETF (AVSE, ETF) and INVESCO DORSEY WRIGHT EMERGING MARKETS MOMENTUM ETF (PIE, ETF).
AVSE vs PIE - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
AVSE
$201M
PIE
$201M
Expense Ratio
Winner
AVSE
0.33%
PIE
0.90%
Max Drawdown
Winner
AVSE
26.52%
PIE
73.06%
Sharpe Ratio
AVSE
1.56
Winner
PIE
1.93
5Y Beta
Winner
AVSE
0.82
PIE
0.84
5Y Dividends CAGR
AVSE
N/A
PIE
12.90%
AVSE vs PIE - Holdings Comparison
AVSE and PIE have 2 common holdings. Overlap is 0.24%
AVSE's top 25 holdings weight is 32.90%. PIE's top 25 holdings weight is 51.66%.
| Rank | AVSE | PIE |
|---|---|---|
| #1 | n/a (TSM) - 8.99% | ACCTON TECHNOLOGY CORP (n/a) - 4.22% |
| #2 | SAMSUNG ELECTRONICS CO LTD DR (SSNHZ) - 4.76% | MARKETECH INTERNATIONAL CORP (n/a) - 3.70% |
| #3 | SK HYNIX INC (n/a) - 4.27% | SIGURD MICROELECTRONICS CORP (n/a) - 3.33% |
| #4 | TENCENT HOLDINGS LTD (n/a) - 2.48% | UNITED INTEGRATED SERVICES CO LTD (n/a) - 3.33% |
| #5 | ALIBABA GROUP HOLDING LTD ADR (BABA) - 1.34% | TOPCO SCIENTIFIC CO LTD (n/a) - 3.24% |
| #6 | CHINA CONSTRUCTION BANK CORP CLASS H (n/a) - 1.07% | n/a (n/a) - 2.84% |
| #7 | MEDIATEK INC (n/a) - 0.88% | n/a (n/a) - 2.08% |
| #8 | HON HAI PRECISION INDUSTRY CO LTD (n/a) - 0.71% | UNIMICRON TECHNOLOGY CORP (n/a) - 2.08% |
| #9 | n/a (n/a) - 0.67% | n/a (n/a) - 2.06% |
| #10 | ICICI BANK LTD ADR (IBN) - 0.64% | TRIPOD TECHNOLOGY CORP (n/a) - 1.89% |
| #11 | n/a (n/a) - 0.63% | ELITE MATERIAL CO LTD (n/a) - 1.87% |
| #12 | YUM CHINA HOLDINGS INC (YUMC) - 0.59% | WINWAY TECHNOLOGY CO LTD ORDINARY SHARES (n/a) - 1.76% |
| #13 | GEELY AUTOMOBILE HOLDINGS LTD (n/a) - 0.53% | NANYA TECHNOLOGY CORP (n/a) - 1.73% |
| #14 | NETEASE INC ADR (NTES) - 0.53% | ASELSAN ELEKTRONIK SANAYI VE TICARET AS (n/a) - 1.66% |
| #15 | PDD HOLDINGS INC ADR (PDD) - 0.53% | GENTERA SAB DE CV (n/a) - 1.55% |
| #16 | HDFC BANK LTD (n/a) - 0.52% | BIZLINK HOLDING INC (n/a) - 1.55% |
| #17 | ELITE MATERIAL CO LTD (n/a) - 0.48% | SUPREME ELECTRONICS CO LTD (n/a) - 1.52% |
| #18 | HYUNDAI MOTOR CO (n/a) - 0.48% | WINBOND ELECTRONICS CORP (n/a) - 1.49% |
| #19 | n/a (n/a) - 0.48% | ASE TECHNOLOGY HOLDING CO LTD (n/a) - 1.46% |
| #20 | KB FINANCIAL GROUP INC ADR (KB) - 0.45% | CHROMA ATE INC (n/a) - 1.44% |
| #21 | CHINA LIFE INSURANCE CO LTD CLASS H (n/a) - 0.44% | KINSUS INTERCONNECT TECHNOLOGY CORP (n/a) - 1.42% |
| #22 | TS FINANCIAL HOLDING CO LTD (n/a) - 0.36% | SHANGHAI CONANT OPTICAL CO LTD CLASS H (n/a) - 1.40% |
| #23 | n/a (n/a) - 0.36% | NAN YA PRINTED CIRCUIT BOARD CORP (n/a) - 1.39% |
| #24 | KIA CORP (n/a) - 0.36% | MACRONIX INTERNATIONAL CO LTD (n/a) - 1.34% |
| #25 | SHINHAN FINANCIAL GROUP CO LTD ADR (SHG) - 0.35% | MEGA UNION TECHNOLOGY INC (n/a) - 1.31% |
| Total Holdings | 2211 | 110 |
AVSE vs PIE - Historical Returns
Returns include dividend reinvestment.
1M
Winner
AVSE
-0.19%
PIE
-3.34%
3M
AVSE
+12.31%
Winner
PIE
+15.69%
6M
AVSE
+19.69%
Winner
PIE
+27.77%
1Y
AVSE
+39.28%
Winner
PIE
+56.78%
5Y(CAGR)
Winner
AVSE
+13.44%
PIE
+5.53%
10Y(CAGR)
AVSE
N/A
PIE
+9.29%
Max(CAGR)
Winner
AVSE
+13.44%
PIE
+2.58%
AVSE vs PIE - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | AVSE | PIE |
|---|---|---|
| 2026 | +15.39% | +27.79% |
| 2025 | +32.37% | +25.76% |
| 2024 | +9.98% | +1.38% |
| 2023 | +15.41% | +12.56% |
| 2022 | -13.84% | -28.77% |
| 2021 | N/A | +12.85% |
| 2020 | N/A | +18.03% |
| 2019 | N/A | +25.13% |
| 2018 | N/A | -22.83% |
| 2017 | N/A | +41.02% |
| 2016 | N/A | +2.26% |
| 2015 | N/A | -13.21% |
| 2014 | N/A | -0.27% |
| 2013 | N/A | -2.46% |
| 2012 | N/A | +14.98% |
| 2011 | N/A | -13.39% |
| 2010 | N/A | +21.08% |
| 2009 | N/A | +53.15% |
| 2008 | N/A | -62.20% |
| 2007 | N/A | +0.56% |
AVSE vs PIE Drawdown Comparison
The maximum drawdown for AVSE was -26.28%, occurring on Oct 24, 2022. Recovery took 483 trading sessions.
The maximum drawdown for PIE was -72.98%, occurring on Mar 2, 2009. Recovery took 3259 trading sessions.
The current AVSE drawdown is -8.28%. The current PIE drawdown is -7.85%.
| Rank | AVSE | PIE |
|---|---|---|
| #1 | -26.28% Apr 4, 2022 - Mar 7, 2024 | -72.98% Jan 10, 2008 - Dec 18, 2020 |
| #2 | -17.67% Oct 7, 2024 - May 16, 2025 | -40.31% Jul 15, 2021 - Jan 6, 2026 |
| #3 | -14.17% Feb 25, 2026 - Apr 30, 2026 | -12.87% Feb 17, 2021 - Jun 1, 2021 |
| #4 | -9.25% Jul 12, 2024 - Sep 24, 2024 | -9.87% Feb 27, 2026 - Apr 10, 2026 |
| #5 | -8.28% Jun 2, 2026 - Jun 5, 2026 | -7.85% May 26, 2026 - Jun 5, 2026 |
| #6 | -5.90% May 11, 2026 - May 26, 2026 | -6.90% May 11, 2026 - May 26, 2026 |
| #7 | -5.05% Apr 9, 2024 - May 2, 2024 | -5.39% Jan 25, 2021 - Feb 2, 2021 |
| #8 | -4.59% Oct 6, 2025 - Oct 20, 2025 | -4.89% Jan 28, 2026 - Feb 11, 2026 |
| #9 | -4.54% Oct 29, 2025 - Dec 26, 2025 | -2.18% Apr 22, 2026 - Apr 24, 2026 |
| #10 | -4.46% May 17, 2024 - Jul 3, 2024 | -1.92% Jun 1, 2021 - Jun 21, 2021 |
| #11 | -3.60% Jul 23, 2025 - Aug 13, 2025 | -1.86% Jan 14, 2021 - Jan 19, 2021 |
| #12 | -2.73% Jun 12, 2025 - Jun 24, 2025 | -1.85% Jul 7, 2021 - Jul 15, 2021 |
| #13 | -2.45% Jan 28, 2026 - Feb 9, 2026 | -1.46% Dec 31, 2007 - Jan 7, 2008 |
| #14 | -1.97% Mar 12, 2024 - Apr 5, 2024 | -1.37% May 6, 2026 - May 11, 2026 |
| #15 | -1.94% Sep 17, 2025 - Oct 1, 2025 | -1.33% Jan 8, 2021 - Jan 14, 2021 |
Correlation
Correlation between AVSE and PIE is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
0.95
-101
Dividend Comparison (2008 - 2026)
AVSE vs PIE dividend yield comparison.
| Year | AVSE | PIE |
|---|---|---|
| 2026 | 0.07% | 0.09% |
| 2025 | 2.68% | 2.28% |
| 2024 | 3.03% | 2.33% |
| 2023 | 3.20% | 2.59% |
| 2022 | 1.27% | 3.45% |
| 2021 | 0.00% | 1.28% |
| 2020 | 0.00% | 1.32% |
| 2019 | 0.00% | 2.29% |
| 2018 | 0.00% | 3.32% |
| 2017 | 0.00% | 1.63% |
| 2016 | 0.00% | 1.48% |
| 2015 | 0.00% | 0.80% |
| 2014 | 0.00% | 0.53% |
| 2013 | 0.00% | 1.23% |
| 2012 | 0.00% | 0.68% |
| 2011 | 0.00% | 0.80% |
| 2010 | 0.00% | 0.34% |
| 2009 | 0.00% | 0.71% |
| 2008 | 0.00% | 0.67% |
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