DAX vs PIE
Comparison between GLOBAL X DAX GERMANY ETF (DAX, ETF) and INVESCO DORSEY WRIGHT EMERGING MARKETS MOMENTUM ETF (PIE, ETF).
5-Year PerformanceDAX has outperformed PIE, delivering a return of +9.8% compared to +8.3%
DAX vs PIE - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
DAX
$229M
PIE
$228M
Expense Ratio
Winner
DAX
0.20%
PIE
0.90%
Max Drawdown
Winner
DAX
48.57%
PIE
73.06%
Sharpe Ratio
DAX
0.25
Winner
PIE
1.37
5Y Beta
Winner
DAX
0.78
PIE
0.93
5Y Dividends CAGR
DAX
-4.99%
Winner
PIE
18.17%
DAX vs PIE - Holdings Comparison
DAX and PIE have 1 common holdings. Overlap is -0.51%
DAX's top 25 holdings weight is 91.28%. PIE's top 25 holdings weight is 48.95%.
| Rank | DAX | PIE |
|---|---|---|
| #1 | SIEMENS AG (n/a) - 11.35% | TOPCO SCIENTIFIC CO LTD (n/a) - 3.17% |
| #2 | SAP SE (n/a) - 10.52% | n/a (n/a) - 2.82% |
| #3 | ALLIANZ SE (n/a) - 9.32% | ACCTON TECHNOLOGY CORP (n/a) - 2.79% |
| #4 | SIEMENS ENERGY AG ORDINARY SHARES (n/a) - 7.02% | UNITED INTEGRATED SERVICES CO LTD (n/a) - 2.68% |
| #5 | AIRBUS SE (n/a) - 6.84% | WANGUO GOLD GROUP LTD (n/a) - 2.63% |
| #6 | DEUTSCHE TELEKOM AG (n/a) - 5.65% | MARKETECH INTERNATIONAL CORP (n/a) - 2.62% |
| #7 | INFINEON TECHNOLOGIES AG (n/a) - 4.01% | SIGURD MICROELECTRONICS CORP (n/a) - 2.48% |
| #8 | MUNCHENER RUCKVERSICHERUNGS-GESELLSCHAFT AG (n/a) - 3.65% | n/a (n/a) - 2.36% |
| #9 | DEUTSCHE BANK AG (n/a) - 3.48% | NAN YA PRINTED CIRCUIT BOARD CORP (n/a) - 2.34% |
| #10 | RHEINMETALL AG (n/a) - 3.08% | CHROMA ATE INC (n/a) - 2.09% |
| #11 | DEUTSCHE POST AG (n/a) - 2.93% | ZIJIN MINING GROUP CO LTD CLASS H (n/a) - 1.95% |
| #12 | DEUTSCHE BOERSE AG (n/a) - 2.90% | KINSUS INTERCONNECT TECHNOLOGY CORP (n/a) - 1.82% |
| #13 | BAYER AG (n/a) - 2.69% | SUPREME ELECTRONICS CO LTD (n/a) - 1.78% |
| #14 | BASF SE (n/a) - 2.58% | UNIMICRON TECHNOLOGY CORP (n/a) - 1.72% |
| #15 | E.ON SE (n/a) - 2.18% | MAGYAR TELEKOM TELECOMMUNICATIONS PLC (n/a) - 1.70% |
| #16 | RWE AG CLASS A (n/a) - 2.04% | ASE TECHNOLOGY HOLDING CO LTD (n/a) - 1.68% |
| #17 | MERCEDES-BENZ GROUP AG (n/a) - 1.81% | ASELSAN ELEKTRONIK SANAYI VE TICARET AS (n/a) - 1.58% |
| #18 | ADIDAS AG (n/a) - 1.57% | MEGA UNION TECHNOLOGY INC (n/a) - 1.48% |
| #19 | DAIMLER TRUCK HOLDING AG ORDINARY SHARES (n/a) - 1.31% | n/a (n/a) - 1.47% |
| #20 | HEIDELBERG MATERIALS AG (n/a) - 1.11% | TRIPOD TECHNOLOGY CORP (n/a) - 1.45% |
| #21 | MTU AERO ENGINES AG (n/a) - 1.10% | BIZLINK HOLDING INC (n/a) - 1.44% |
| #22 | BAYERISCHE MOTOREN WERKE AG (n/a) - 1.09% | VUKILE PROPERTY FUND LTD (n/a) - 1.27% |
| #23 | FRESENIUS SE & CO KGAA REGISTERED SHARES (n/a) - 1.08% | HARBIN ELECTRIC CO LTD CLASS H (n/a) - 1.23% |
| #24 | MERCK KGAA (n/a) - 1.00% | CHINA SHENHUA ENERGY CO LTD CLASS H (n/a) - 1.20% |
| #25 | COMMERZBANK AG (n/a) - 0.97% | KING SLIDE WORKS CO LTD (n/a) - 1.20% |
| Total Holdings | 44 | 111 |
DAX vs PIE - Historical Returns
Returns include dividend reinvestment.
1M
DAX
+7.85%
Winner
PIE
+8.36%
3M
Winner
DAX
+4.82%
PIE
+0.88%
6M
DAX
+2.63%
Winner
PIE
+18.40%
1Y
DAX
+8.36%
Winner
PIE
+46.95%
5Y(CAGR)
Winner
DAX
+9.75%
PIE
+8.29%
10Y(CAGR)
DAX
+9.32%
Winner
PIE
+9.72%
Max(CAGR)
Winner
DAX
+7.91%
PIE
+3.04%
DAX vs PIE - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | DAX | PIE |
|---|---|---|
| 2026 | +5.89% | +39.89% |
| 2025 | +39.76% | +25.76% |
| 2024 | +11.66% | +1.38% |
| 2023 | +22.59% | +12.56% |
| 2022 | -18.78% | -28.77% |
| 2021 | +7.01% | +12.85% |
| 2020 | +10.69% | +18.03% |
| 2019 | +22.46% | +25.13% |
| 2018 | -22.62% | -22.83% |
| 2017 | +28.23% | +41.02% |
| 2016 | +6.53% | +2.26% |
| 2015 | -3.62% | -13.21% |
| 2014 | +3.62% | -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% |
DAX vs PIE Drawdown Comparison
The maximum drawdown for DAX was -45.59%, occurring on Mar 18, 2020. Recovery took 737 trading sessions.
The maximum drawdown for PIE was -72.98%, occurring on Mar 2, 2009. Recovery took 3259 trading sessions.
The current PIE drawdown is -2.85%.
| Rank | DAX | PIE |
|---|---|---|
| #1 | -45.59% Jan 24, 2018 - Dec 28, 2020 | -72.98% Jan 10, 2008 - Dec 18, 2020 |
| #2 | -39.93% Jun 7, 2021 - Mar 7, 2024 | -40.31% Jul 15, 2021 - Jan 6, 2026 |
| #3 | -24.76% Apr 6, 2015 - Apr 24, 2017 | -17.26% Jun 22, 2026 - Jul 29, 2026 |
| #4 | -16.03% Mar 18, 2025 - Apr 29, 2025 | -12.87% Feb 17, 2021 - Jun 1, 2021 |
| #5 | -14.82% Jan 27, 2026 - Aug 4, 2026 | -9.87% Feb 27, 2026 - Apr 10, 2026 |
| #6 | -9.10% Dec 1, 2014 - Feb 3, 2015 | -7.85% May 26, 2026 - Jun 15, 2026 |
| #7 | -8.58% Jul 9, 2025 - Jan 5, 2026 | -6.90% May 11, 2026 - May 26, 2026 |
| #8 | -8.10% May 15, 2024 - Aug 23, 2024 | -5.39% Jan 25, 2021 - Feb 2, 2021 |
| #9 | -7.43% Sep 27, 2024 - Jan 21, 2025 | -4.89% Jan 28, 2026 - Feb 11, 2026 |
| #10 | -6.23% Mar 27, 2024 - May 9, 2024 | -2.98% Jun 15, 2026 - Jun 18, 2026 |
| #11 | -5.67% Jan 8, 2021 - Mar 10, 2021 | -2.18% Apr 22, 2026 - Apr 24, 2026 |
| #12 | -4.04% Feb 3, 2015 - Feb 20, 2015 | -1.92% Jun 1, 2021 - Jun 21, 2021 |
| #13 | -3.67% Apr 16, 2021 - May 7, 2021 | -1.86% Jan 14, 2021 - Jan 19, 2021 |
| #14 | -3.63% Mar 2, 2015 - Mar 16, 2015 | -1.85% Jul 7, 2021 - Jul 15, 2021 |
| #15 | -3.62% Jun 5, 2025 - Jun 26, 2025 | -1.46% Dec 31, 2007 - Jan 7, 2008 |
Correlation
Correlation between DAX and PIE is 0.86 which considered as a strong positive correlation - the stocks tend to move together.
0.86
-101
Dividend Comparison (2008 - 2026)
DAX vs PIE dividend yield comparison.
| Year | DAX | PIE |
|---|---|---|
| 2026 | 1.80% | 0.73% |
| 2025 | 1.47% | 2.28% |
| 2024 | 2.24% | 2.33% |
| 2023 | 2.48% | 2.59% |
| 2022 | 2.80% | 3.45% |
| 2021 | 2.65% | 1.28% |
| 2020 | 2.25% | 1.32% |
| 2019 | 2.47% | 2.29% |
| 2018 | 3.33% | 3.32% |
| 2017 | 1.73% | 1.63% |
| 2016 | 1.78% | 1.48% |
| 2015 | 1.41% | 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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