PIE vs SHYL

Comparison between INVESCO DORSEY WRIGHT EMERGING MARKETS MOMENTUM ETF (PIE, ETF) and XTRACKERS SHORT DURATION HIGH YIELD BOND ETF (SHYL, ETF).

5-Year PerformancePIE has outperformed SHYL, delivering a return of +5.5% compared to +4.9%

PIE vs SHYL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PIE(ETF)	SHYL(ETF)
Net Assets	$266M	$266M
Expense Ratio	0.90%	0.20%
Max Drawdown	73.06%	21.56%
Sharpe Ratio	1.55	0.36
5Y Beta	0.90	0.21
5Y Dividends CAGR	18.17%	2.40%

Net Assets

PIE

$266M

Winner

SHYL

$266M

Expense Ratio

PIE

0.90%

Winner

SHYL

0.20%

Max Drawdown

PIE

73.06%

Winner

SHYL

21.56%

Sharpe Ratio

Winner

PIE

1.55

SHYL

0.36

5Y Beta

PIE

0.90

Winner

SHYL

0.21

5Y Dividends CAGR

Winner

PIE

18.17%

SHYL

2.40%

PIE vs SHYL - Historical Returns

Returns include dividend reinvestment.

Period	PIE	SHYL
1 month	-8.76%	+0.30%
3 months	+5.92%	+0.60%
6 months	+22.10%	+1.27%
1 year	+49.53%	+4.77%
5 years(CAGR)	+5.53%	+4.92%
10 years(CAGR)	+9.29%	+4.79%
Max(CAGR)	+2.71%	+4.79%

PIE

-8.76%

Winner

SHYL

+0.30%

Winner

PIE

+5.92%

SHYL

+0.60%

Winner

PIE

+22.10%

SHYL

+1.27%

Winner

PIE

+49.53%

SHYL

+4.77%

5Y(CAGR)

Winner

PIE

+5.53%

SHYL

+4.92%

10Y(CAGR)

Winner

PIE

+9.29%

SHYL

+4.79%

Max(CAGR)

PIE

+2.71%

Winner

SHYL

+4.79%

PIE vs SHYL - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	PIE	SHYL
2026	+31.37%	+1.76%
2025	+25.76%	+7.62%
2024	+1.38%	+8.82%
2023	+12.56%	+11.25%
2022	-28.77%	-5.15%
2021	+12.85%	+4.82%
2020	+18.03%	+3.53%
2019	+25.13%	+10.13%
2018	-22.83%	-0.67%
2017	+41.02%	N/A
2016	+2.26%	N/A
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 SHYL Drawdown Comparison

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

The maximum drawdown for SHYL was -19.27%, occurring on Mar 23, 2020. Recovery took 184 trading sessions.

The current PIE drawdown is -8.76%. The current SHYL drawdown is -0.07%.

Rank	PIE	SHYL
#1	-72.98% Jan 10, 2008 - Dec 18, 2020	-19.27% Feb 20, 2020 - Nov 10, 2020
#2	-40.31% Jul 15, 2021 - Jan 6, 2026	-9.59% Dec 27, 2021 - Jul 13, 2023
#3	-12.87% Feb 17, 2021 - Jun 1, 2021	-4.92% Oct 1, 2018 - Jan 30, 2019
#4	-12.61% Jun 22, 2026 - Jul 20, 2026	-4.73% Feb 28, 2025 - May 12, 2025
#5	-9.87% Feb 27, 2026 - Apr 10, 2026	-2.74% Sep 14, 2023 - Nov 3, 2023
#6	-7.85% May 26, 2026 - Jun 15, 2026	-1.82% Jan 26, 2018 - Apr 13, 2018
#7	-6.90% May 11, 2026 - May 26, 2026	-1.79% Mar 20, 2024 - May 3, 2024
#8	-5.39% Jan 25, 2021 - Feb 2, 2021	-1.59% Jan 22, 2026 - Apr 8, 2026
#9	-4.89% Jan 28, 2026 - Feb 11, 2026	-1.57% Nov 9, 2021 - Dec 23, 2021
#10	-2.98% Jun 15, 2026 - Jun 18, 2026	-1.28% Dec 5, 2024 - Jan 15, 2025
#11	-2.18% Apr 22, 2026 - Apr 24, 2026	-1.22% Jul 29, 2019 - Aug 29, 2019
#12	-1.92% Jun 1, 2021 - Jun 21, 2021	-1.17% Dec 27, 2023 - Feb 23, 2024
#13	-1.86% Jan 14, 2021 - Jan 19, 2021	-1.15% Oct 2, 2025 - Oct 24, 2025
#14	-1.85% Jul 7, 2021 - Jul 15, 2021	-1.13% Apr 12, 2019 - Jun 11, 2019
#15	-1.46% Dec 31, 2007 - Jan 7, 2008	-1.11% Jul 31, 2024 - Aug 13, 2024

Correlation

Correlation between PIE and SHYL is 0.75 which considered as a strong positive correlation - the stocks tend to move together.

0.75

-101

Dividend Comparison (2008 - 2026)

PIE vs SHYL dividend yield comparison.

Year	PIE	SHYL
2026	0.78%	3.44%
2025	2.28%	7.02%
2024	2.33%	7.26%
2023	2.59%	6.60%
2022	3.45%	5.52%
2021	1.28%	4.65%
2020	1.32%	6.16%
2019	2.29%	5.93%
2018	3.32%	5.54%
2017	1.63%	0.00%
2016	1.48%	0.00%
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%