PIE vs ETX

Comparison between INVESCO DORSEY WRIGHT EMERGING MARKETS MOMENTUM ETF (PIE, ETF) and Eaton Vance Municipal Income 2028 Term Trust (ETX, ETF).

5-Year PerformancePIE has outperformed ETX, delivering a return of +5.5% compared to +1.2%

PIE vs ETX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PIE(ETF)	ETX(ETF)
Net Assets	$201M	$199M
Expense Ratio	0.90%	N/A
Max Drawdown	73.06%	32.76%
Sharpe Ratio	1.93	0.57
5Y Beta	0.84	0.09
5Y Dividends CAGR	12.90%	3.62%

Net Assets

Winner

PIE

$201M

ETX

$199M

Expense Ratio

PIE

0.90%

ETX

N/A

Max Drawdown

PIE

73.06%

Winner

ETX

32.76%

Sharpe Ratio

Winner

PIE

1.93

ETX

0.57

5Y Beta

PIE

0.84

Winner

ETX

0.09

5Y Dividends CAGR

Winner

PIE

12.90%

ETX

3.62%

PIE vs ETX - Historical Returns

Returns include dividend reinvestment.

Period	PIE	ETX
1 month	-3.34%	+0.89%
3 months	+15.69%	+0.35%
6 months	+27.77%	+1.13%
1 year	+56.78%	+9.58%
5 years(CAGR)	+5.53%	+1.15%
10 years(CAGR)	+9.29%	+3.59%
Max(CAGR)	+2.58%	+4.12%

PIE

-3.34%

Winner

ETX

+0.89%

Winner

PIE

+15.69%

ETX

+0.35%

Winner

PIE

+27.77%

ETX

+1.13%

Winner

PIE

+56.78%

ETX

+9.58%

5Y(CAGR)

Winner

PIE

+5.53%

ETX

+1.15%

10Y(CAGR)

Winner

PIE

+9.29%

ETX

+3.59%

Max(CAGR)

PIE

+2.58%

Winner

ETX

+4.12%

PIE vs ETX - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	PIE	ETX
2026	+27.79%	+2.70%
2025	+25.76%	+11.55%
2024	+1.38%	+6.08%
2023	+12.56%	-0.69%
2022	-28.77%	-13.36%
2021	+12.85%	-4.59%
2020	+18.03%	+12.33%
2019	+25.13%	+17.34%
2018	-22.83%	-3.05%
2017	+41.02%	+9.16%
2016	+2.26%	+8.96%
2015	-13.21%	+10.25%
2014	-0.27%	+24.43%
2013	-2.46%	-24.56%
2012	+14.98%	N/A
2011	-13.39%	N/A
2010	+21.08%	N/A
2009	+53.15%	N/A
2008	-62.20%	N/A
2007	+0.56%	N/A

PIE vs ETX Drawdown Comparison

The maximum drawdown for PIE was -72.98%, occurring on Mar 2, 2009. Recovery took 3259 trading sessions.

The maximum drawdown for ETX was -32.09%, occurring on Aug 16, 2013. Recovery took 649 trading sessions.

The current PIE drawdown is -7.85%. The current ETX drawdown is -1.31%.

Rank	PIE	ETX
#1	-72.98% Jan 10, 2008 - Dec 18, 2020	-32.09% May 3, 2013 - Nov 30, 2015
#2	-40.31% Jul 15, 2021 - Jan 6, 2026	-25.15% Dec 5, 2019 - Aug 3, 2020
#3	-12.87% Feb 17, 2021 - Jun 1, 2021	-24.19% Jun 29, 2021 - Oct 28, 2025
#4	-9.87% Feb 27, 2026 - Apr 10, 2026	-11.85% Aug 22, 2016 - Aug 29, 2017
#5	-7.85% May 26, 2026 - Jun 5, 2026	-9.62% Oct 2, 2018 - Jan 24, 2019
#6	-6.90% May 11, 2026 - May 26, 2026	-8.40% Sep 15, 2017 - Oct 2, 2018
#7	-5.39% Jan 25, 2021 - Feb 2, 2021	-7.93% Mar 22, 2021 - Jun 29, 2021
#8	-4.89% Jan 28, 2026 - Feb 11, 2026	-6.85% Dec 31, 2020 - Mar 22, 2021
#9	-2.18% Apr 22, 2026 - Apr 24, 2026	-6.85% Sep 9, 2020 - Nov 25, 2020
#10	-1.92% Jun 1, 2021 - Jun 21, 2021	-6.76% Sep 10, 2019 - Oct 8, 2019
#11	-1.86% Jan 14, 2021 - Jan 19, 2021	-5.69% Oct 8, 2019 - Dec 5, 2019
#12	-1.85% Jul 7, 2021 - Jul 15, 2021	-4.93% Oct 28, 2025 - May 19, 2026
#13	-1.46% Dec 31, 2007 - Jan 7, 2008	-4.14% Jul 7, 2016 - Aug 8, 2016
#14	-1.37% May 6, 2026 - May 11, 2026	-3.40% May 16, 2016 - Jun 3, 2016
#15	-1.33% Jan 8, 2021 - Jan 14, 2021	-3.09% Dec 2, 2020 - Dec 29, 2020

Correlation

Correlation between PIE and ETX is 0.73 which considered as a strong positive correlation - the stocks tend to move together.

0.73

-101

Dividend Comparison (2008 - 2026)

PIE vs ETX dividend yield comparison.

Year	PIE	ETX
2026	0.09%	2.07%
2025	2.28%	5.02%
2024	2.33%	5.33%
2023	2.59%	4.15%
2022	3.45%	4.62%
2021	1.28%	3.96%
2020	1.32%	3.60%
2019	2.29%	3.88%
2018	3.32%	4.46%
2017	1.63%	4.11%
2016	1.48%	4.33%
2015	0.80%	4.59%
2014	0.53%	5.26%
2013	1.23%	3.39%
2012	0.68%	0.00%
2011	0.80%	0.00%
2010	0.34%	0.00%
2009	0.71%	0.00%
2008	0.67%	0.00%