PIE vs QHY

Comparison between INVESCO DORSEY WRIGHT EMERGING MARKETS MOMENTUM ETF (PIE, ETF) and WISDOMTREE U.S. HIGH YIELD CORPORATE BOND FUND (QHY, ETF).

5-Year PerformancePIE has outperformed QHY, delivering a return of +7.0% compared to +3.2%

PIE vs QHY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PIE(ETF)	QHY(ETF)
Net Assets	$238M	$239M
Expense Ratio	0.90%	0.38%
Max Drawdown	73.06%	23.08%
Sharpe Ratio	2.10	0.86
5Y Beta	0.85	0.23
5Y Dividends CAGR	12.90%	3.75%

Net Assets

PIE

$238M

Winner

QHY

$239M

Expense Ratio

PIE

0.90%

Winner

QHY

0.38%

Max Drawdown

PIE

73.06%

Winner

QHY

23.08%

Sharpe Ratio

Winner

PIE

2.10

QHY

0.86

5Y Beta

PIE

0.85

Winner

QHY

0.23

5Y Dividends CAGR

Winner

PIE

12.90%

QHY

3.75%

PIE vs QHY - Historical Returns

Returns include dividend reinvestment.

Period	PIE	QHY
1 month	+4.66%	+0.82%
3 months	+25.82%	+2.39%
6 months	+34.87%	+2.27%
1 year	+61.25%	+6.99%
5 years(CAGR)	+7.00%	+3.17%
10 years(CAGR)	+10.31%	+4.86%
Max(CAGR)	+2.92%	+5.01%

Winner

PIE

+4.66%

QHY

+0.82%

Winner

PIE

+25.82%

QHY

+2.39%

Winner

PIE

+34.87%

QHY

+2.27%

Winner

PIE

+61.25%

QHY

+6.99%

5Y(CAGR)

Winner

PIE

+7.00%

QHY

+3.17%

10Y(CAGR)

Winner

PIE

+10.31%

QHY

+4.86%

Max(CAGR)

PIE

+2.92%

Winner

QHY

+5.01%

PIE vs QHY - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	PIE	QHY
2026	+35.96%	+1.68%
2025	+25.76%	+9.33%
2024	+1.38%	+6.33%
2023	+12.56%	+9.92%
2022	-28.77%	-11.75%
2021	+12.85%	+4.36%
2020	+18.03%	+5.69%
2019	+25.13%	+15.70%
2018	-22.83%	-0.31%
2017	+41.02%	+5.64%
2016	+2.26%	+6.19%
2015	-13.21%	N/A
2014	-0.27%	N/A
2013	-2.46%	N/A
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 QHY Drawdown Comparison

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

The maximum drawdown for QHY was -22.74%, occurring on Mar 23, 2020. Recovery took 122 trading sessions.

The current PIE drawdown is -1.96%.

Rank	PIE	QHY
#1	-72.98% Jan 10, 2008 - Dec 18, 2020	-22.74% Feb 12, 2020 - Aug 6, 2020
#2	-40.31% Jul 15, 2021 - Jan 6, 2026	-16.21% Dec 27, 2021 - Jul 16, 2024
#3	-12.87% Feb 17, 2021 - Jun 1, 2021	-6.33% Oct 1, 2018 - Jan 31, 2019
#4	-9.87% Feb 27, 2026 - Apr 10, 2026	-4.58% Feb 28, 2025 - May 12, 2025
#5	-7.85% May 26, 2026 - Jun 5, 2026	-3.56% Sep 27, 2017 - Aug 7, 2018
#6	-6.90% May 11, 2026 - May 26, 2026	-3.53% Oct 12, 2016 - Dec 14, 2016
#7	-5.39% Jan 25, 2021 - Feb 2, 2021	-3.16% Sep 2, 2020 - Nov 5, 2020
#8	-4.89% Jan 28, 2026 - Feb 11, 2026	-2.76% Feb 20, 2026 - Apr 14, 2026
#9	-2.18% Apr 22, 2026 - Apr 24, 2026	-2.65% Sep 15, 2021 - Dec 27, 2021
#10	-1.92% Jun 1, 2021 - Jun 21, 2021	-2.22% May 6, 2019 - Jun 18, 2019
#11	-1.86% Jan 14, 2021 - Jan 19, 2021	-1.93% Dec 6, 2024 - Jan 24, 2025
#12	-1.85% Jul 7, 2021 - Jul 15, 2021	-1.87% Feb 12, 2021 - Apr 15, 2021
#13	-1.46% Dec 31, 2007 - Jan 7, 2008	-1.82% Jul 3, 2019 - Aug 26, 2019
#14	-1.37% May 6, 2026 - May 11, 2026	-1.68% Jun 9, 2016 - Jul 8, 2016
#15	-1.33% Jan 8, 2021 - Jan 14, 2021	-1.66% Aug 7, 2020 - Aug 25, 2020

Correlation

Correlation between PIE and QHY is 0.85 which considered as a strong positive correlation - the stocks tend to move together.

0.85

-101

Dividend Comparison (2008 - 2026)

PIE vs QHY dividend yield comparison.

Year	PIE	QHY
2026	0.08%	2.56%
2025	2.28%	6.26%
2024	2.33%	6.40%
2023	2.59%	6.11%
2022	3.45%	5.44%
2021	1.28%	4.09%
2020	1.32%	4.80%
2019	2.29%	5.21%
2018	3.32%	5.93%
2017	1.63%	6.47%
2016	1.48%	4.39%
2015	0.80%	0.00%
2014	0.53%	0.00%
2013	1.23%	0.00%
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%