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PIE vs SPY

Comparison between INVESCO DORSEY WRIGHT EMERGING MARKETS MOMENTUM ETF (PIE, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed PIE, delivering a return of +13.0% compared to +5.5%

PIE vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
PIE
$266M
Winner
SPY
$781B
Expense Ratio
PIE
0.90%
Winner
SPY
0.09%
Max Drawdown
PIE
73.06%
Winner
SPY
56.47%
Sharpe Ratio
Winner
PIE
1.55
SPY
1.25
5Y Beta
Winner
PIE
0.90
SPY
1.00
P/E Ratio
PIE
N/A
SPY
28.78
Forward P/E
PIE
N/A
SPY
21.23
5Y Dividends CAGR
Winner
PIE
18.17%
SPY
6.00%
5Y EPS CAGR
PIE
N/A
SPY
25.62%
Debt to Equity
PIE
N/A
SPY
31.92%
P/S Ratio
PIE
N/A
SPY
3.76
P/B Ratio
PIE
N/A
SPY
5.64

PIE vs SPY - Holdings Comparison

PIE and SPY have 1 common holdings. Overlap is -0.24%

PIE's top 25 holdings weight is 48.31%. SPY's top 25 holdings weight is 51.74%.

RankPIESPY
#1
TOPCO SCIENTIFIC CO LTD (n/a) - 3.05%
NVIDIA CORP (NVDA) - 7.89%
#2
UNITED INTEGRATED SERVICES CO LTD (n/a) - 2.87%
APPLE INC (AAPL) - 7.37%
#3
ACCTON TECHNOLOGY CORP (n/a) - 2.80%
MICROSOFT CORP (MSFT) - 4.50%
#4
n/a (n/a) - 2.80%
AMAZON.COM INC (AMZN) - 3.82%
#5
MARKETECH INTERNATIONAL CORP (n/a) - 2.73%
ALPHABET INC CLASS A (GOOGL) - 3.33%
#6
SIGURD MICROELECTRONICS CORP (n/a) - 2.57%
BROADCOM INC (AVGO) - 2.86%
#7
NAN YA PRINTED CIRCUIT BOARD CORP (n/a) - 2.44%
ALPHABET INC CLASS C (GOOG) - 2.68%
#8
n/a (n/a) - 2.39%
META PLATFORMS INC CLASS A (META) - 2.29%
#9
WANGUO GOLD GROUP LTD (n/a) - 2.37%
TESLA INC (TSLA) - 1.70%
#10
KINSUS INTERCONNECT TECHNOLOGY CORP (n/a) - 1.86%
MICRON TECHNOLOGY INC (MU) - 1.56%
#11
CHROMA ATE INC (n/a) - 1.81%
JPMORGAN CHASE & CO (JPM) - 1.42%
#12
SUPREME ELECTRONICS CO LTD (n/a) - 1.75%
ELI LILLY AND CO (LLY) - 1.40%
#13
ZIJIN MINING GROUP CO LTD CLASS H (n/a) - 1.73%
BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37%
#14
UNIMICRON TECHNOLOGY CORP (n/a) - 1.70%
ADVANCED MICRO DEVICES INC (AMD) - 1.32%
#15
ASE TECHNOLOGY HOLDING CO LTD (n/a) - 1.67%
EXXONMOBIL HOLDINGS CORP (XOM) - 0.92%
#16
MAGYAR TELEKOM TELECOMMUNICATIONS PLC (n/a) - 1.66%
JOHNSON & JOHNSON (JNJ) - 0.91%
#17
n/a (n/a) - 1.50%
VISA INC CLASS A (V) - 0.90%
#18
ASELSAN ELEKTRONIK SANAYI VE TICARET AS (n/a) - 1.47%
WALMART INC (WMT) - 0.76%
#19
MEGA UNION TECHNOLOGY INC (n/a) - 1.45%
INTEL CORP (INTC) - 0.75%
#20
TRIPOD TECHNOLOGY CORP (n/a) - 1.44%
APPLIED MATERIALS INC (AMAT) - 0.70%
#21
WINWAY TECHNOLOGY CO LTD ORDINARY SHARES (n/a) - 1.31%
CISCO SYSTEMS INC (CSCO) - 0.68%
#22
BIZLINK HOLDING INC (n/a) - 1.27%
MASTERCARD INC CLASS A (MA) - 0.66%
#23
VUKILE PROPERTY FUND LTD (n/a) - 1.27%
ABBVIE INC (ABBV) - 0.66%
#24
KING SLIDE WORKS CO LTD (n/a) - 1.20%
CATERPILLAR INC (CAT) - 0.65%
#25
NAN YA PLASTICS CORP (n/a) - 1.20%
LAM RESEARCH CORP (LRCX) - 0.64%
Total Holdings110505

PIE vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
PIE
-8.76%
Winner
SPY
+0.52%
3M
PIE
+5.92%
Winner
SPY
+6.55%
6M
Winner
PIE
+22.10%
SPY
+9.76%
1Y
Winner
PIE
+49.53%
SPY
+20.32%
5Y(CAGR)
PIE
+5.53%
Winner
SPY
+13.01%
10Y(CAGR)
PIE
+9.29%
Winner
SPY
+15.06%
Max(CAGR)
PIE
+2.71%
Winner
SPY
+8.50%

PIE vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearPIESPY
2026+31.37%+10.11%
2025+25.76%+18.00%
2024+1.38%+25.59%
2023+12.56%+26.72%
2022-28.77%-18.64%
2021+12.85%+30.52%
2020+18.03%+17.28%
2019+25.13%+31.09%
2018-22.83%-5.24%
2017+41.02%+20.78%
2016+2.26%+13.59%
2015-13.21%+1.31%
2014-0.27%+14.56%
2013-2.46%+29.00%
2012+14.98%+14.17%
2011-13.39%+0.85%
2010+21.08%+13.14%
2009+53.15%+22.67%
2008-62.20%-36.25%
2007+0.56%+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

PIE vs SPY Drawdown Comparison

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

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current PIE drawdown is -8.76%. The current SPY drawdown is -1.24%.

RankPIESPY
#1-72.98%
Jan 10, 2008 - Dec 18, 2020		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-40.31%
Jul 15, 2021 - Jan 6, 2026		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-12.87%
Feb 17, 2021 - Jun 1, 2021		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-12.61%
Jun 22, 2026 - Jul 20, 2026		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-9.87%
Feb 27, 2026 - Apr 10, 2026		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-7.85%
May 26, 2026 - Jun 15, 2026		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-6.90%
May 11, 2026 - May 26, 2026		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-5.39%
Jan 25, 2021 - Feb 2, 2021		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-4.89%
Jan 28, 2026 - Feb 11, 2026		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-2.98%
Jun 15, 2026 - Jun 18, 2026		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-2.18%
Apr 22, 2026 - Apr 24, 2026		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-1.92%
Jun 1, 2021 - Jun 21, 2021		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-1.86%
Jan 14, 2021 - Jan 19, 2021		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-1.85%
Jul 7, 2021 - Jul 15, 2021		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-1.46%
Dec 31, 2007 - Jan 7, 2008		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

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

0.85
-101

Dividend Comparison (1999 - 2026)

PIE vs SPY dividend yield comparison.

YearPIESPY
20260.78%0.49%
20252.28%1.07%
20242.33%1.21%
20232.59%1.40%
20223.45%1.65%
20211.28%1.20%
20201.32%1.52%
20192.29%1.75%
20183.32%2.04%
20171.63%1.80%
20161.48%2.03%
20150.80%2.06%
20140.53%1.87%
20131.23%1.81%
20120.68%2.18%
20110.80%2.05%
20100.34%1.80%
20090.71%1.95%
20080.67%3.02%
20070.00%1.85%
20060.00%1.73%
20050.00%1.73%
20040.00%1.82%
20030.00%1.47%
20020.00%1.70%
20010.00%1.25%
20000.00%1.15%
19990.00%0.24%

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