PIZ vs BGDV

Comparison between INVESCO DORSEY WRIGHT DEVELOPED MARKETS MOMENTUM ETF (PIZ, ETF) and BAHL & GAYNOR DIVIDEND ETF (BGDV, ETF).

PIZ vs BGDV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PIZ(ETF)	BGDV(ETF)
Net Assets	$785M	$785M
Expense Ratio	0.80%	0.45%
Max Drawdown	61.09%	15.07%
Sharpe Ratio	0.99	1.67
5Y Beta	0.92	0.76
P/E Ratio	N/A	26.44
Forward P/E	N/A	21.10
PEG Ratio	N/A	0.48
5Y Dividends CAGR	48.47%	N/A
5Y EPS CAGR	N/A	22.38%
P/S Ratio	N/A	2.55
P/B Ratio	N/A	5.21

Net Assets

Winner

PIZ

$785M

BGDV

$785M

Expense Ratio

PIZ

0.80%

Winner

BGDV

0.45%

Max Drawdown

PIZ

61.09%

Winner

BGDV

15.07%

Sharpe Ratio

PIZ

0.99

Winner

BGDV

1.67

5Y Beta

PIZ

0.92

Winner

BGDV

0.76

P/E Ratio

PIZ

N/A

BGDV

26.44

Forward P/E

PIZ

N/A

BGDV

21.10

PEG Ratio

PIZ

N/A

BGDV

0.48

5Y Dividends CAGR

PIZ

48.47%

BGDV

N/A

5Y EPS CAGR

PIZ

N/A

BGDV

22.38%

P/S Ratio

PIZ

N/A

BGDV

2.55

P/B Ratio

PIZ

N/A

BGDV

5.21

PIZ vs BGDV - Holdings Comparison

PIZ and BGDV have 1 common holdings. Overlap is -0.01%

PIZ's top 25 holdings weight is 51.84%. BGDV's top 25 holdings weight is 71.74%.

Rank	PIZ	BGDV
#1	SK SQUARE (n/a) - 3.63%	BROADCOM INC (AVGO) - 6.92%
#2	ABB LTD (n/a) - 3.15%	TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD ADR (TSM) - 5.66%
#3	CONSTELLATION SOFTWARE INC (CNSWF) - 3.08%	WESTERN DIGITAL CORP (WDC) - 4.56%
#4	FUJIKURA LTD (n/a) - 2.74%	ELI LILLY AND CO (LLY) - 4.10%
#5	n/a (BDRBF) - 2.72%	ALPHABET INC CLASS A (GOOGL) - 3.80%
#6	TOROMONT INDUSTRIES LTD (TMTNF) - 2.64%	VICTORY CAPITAL HOLDINGS INC CLASS A (VCTR) - 3.00%
#7	SK HYNIX INC (n/a) - 2.49%	MOTOROLA SOLUTIONS INC (MSI) - 2.99%
#8	FURUKAWA ELECTRIC CO LTD (n/a) - 2.44%	TJX COMPANIES INC (TJX) - 2.80%
#9	DOOSAN CORP ORDINARY SHARES (n/a) - 2.41%	ABBVIE INC (ABBV) - 2.70%
#10	NEXT VISION STABILIZED SYSTEMS LTD (n/a) - 2.20%	AMPHENOL CORP CLASS A (APH) - 2.66%
#11	SIEMENS ENERGY AG ORDINARY SHARES (n/a) - 2.14%	WILLIAMS COMPANIES INC (WMB) - 2.63%
#12	FLUGHAFEN ZUERICH AG (n/a) - 2.09%	TARGA RESOURCES CORP (TRGP) - 2.49%
#13	MIZRAHI TEFAHOT BANK LTD (n/a) - 2.04%	MICROSOFT CORP (MSFT) - 2.32%
#14	ROYAL BANK OF CANADA (RY) - 1.99%	CINTAS CORP (CTAS) - 2.31%
#15	ROLLS-ROYCE HOLDINGS PLC (n/a) - 1.95%	UNITEDHEALTH GROUP INC (UNH) - 2.30%
#16	SAMSUNG ELECTRO-MECHANICS CO LTD (n/a) - 1.84%	CARRIER GLOBAL CORP ORDINARY SHARES (CARR) - 2.29%
#17	INVESTOR AB CLASS B (n/a) - 1.68%	THE HARTFORD INSURANCE GROUP INC (HIG) - 2.14%
#18	HALMA PLC (n/a) - 1.60%	META PLATFORMS INC CLASS A (META) - 2.13%
#19	LION FINANCE GROUP PLC (n/a) - 1.49%	JPMORGAN CHASE & CO (JPM) - 2.13%
#20	n/a (n/a) - 1.47%	NEXTERA ENERGY INC (NEE) - 2.04%
#21	KONGSBERG GRUPPEN ASA (n/a) - 1.37%	WASTE MANAGEMENT INC (WM) - 2.02%
#22	HANWHA SYSTEMS CO LTD ORDINARY SHARES (n/a) - 1.25%	ANALOG DEVICES INC (ADI) - 1.97%
#23	MITSUI KINZOKU CO LTD (n/a) - 1.17%	REINSURANCE GROUP OF AMERICA INC (RGA) - 1.97%
#24	FIRST INTERNATIONAL BANK OF ISRAEL LTD (n/a) - 1.14%	PARKER HANNIFIN CORP (PH) - 1.92%
#25	MITSUBISHI HEAVY INDUSTRIES LTD (n/a) - 1.12%	L3HARRIS TECHNOLOGIES INC (LHX) - 1.89%
Total Holdings	116	52

PIZ vs BGDV - Historical Returns

Returns include dividend reinvestment.

Period	PIZ	BGDV
1 month	-4.07%	+1.67%
3 months	+10.43%	+9.51%
6 months	+14.67%	+12.04%
1 year	+24.28%	+23.65%
5 years(CAGR)	+9.72%	N/A
10 years(CAGR)	+10.92%	N/A
Max(CAGR)	+6.22%	+15.89%

PIZ

-4.07%

Winner

BGDV

+1.67%

Winner

PIZ

+10.43%

BGDV

+9.51%

Winner

PIZ

+14.67%

BGDV

+12.04%

Winner

PIZ

+24.28%

BGDV

+23.65%

5Y(CAGR)

PIZ

+9.72%

BGDV

N/A

10Y(CAGR)

PIZ

+10.92%

BGDV

N/A

Max(CAGR)

PIZ

+6.22%

Winner

BGDV

+15.89%

PIZ vs BGDV - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

Year	PIZ	BGDV
2026	+12.39%	+10.96%
2025	+38.01%	+13.71%
2024	+18.15%	-1.86%
2023	+18.01%	N/A
2022	-30.42%	N/A
2021	+19.82%	N/A
2020	+16.95%	N/A
2019	+28.15%	N/A
2018	-16.56%	N/A
2017	+30.52%	N/A
2016	-6.35%	N/A
2015	-0.12%	N/A
2014	-6.69%	N/A
2013	+34.14%	N/A
2012	+15.32%	N/A
2011	-19.66%	N/A
2010	+17.77%	N/A
2009	+36.14%	N/A
2008	-43.80%	N/A

PIZ vs BGDV Drawdown Comparison

The maximum drawdown for PIZ was -60.61%, occurring on Mar 9, 2009. Recovery took 1342 trading sessions.

The maximum drawdown for BGDV was -14.80%, occurring on Apr 8, 2025. Recovery took 108 trading sessions.

The current PIZ drawdown is -6.39%. The current BGDV drawdown is -0.22%.

Rank	PIZ	BGDV
#1	-60.61% May 19, 2008 - Sep 17, 2013	-14.80% Jan 24, 2025 - Jul 1, 2025
#2	-40.94% Sep 2, 2021 - Feb 12, 2025	-8.40% Feb 25, 2026 - Apr 17, 2026
#3	-36.44% Feb 12, 2020 - Aug 6, 2020	-4.50% Dec 16, 2024 - Jan 21, 2025
#4	-24.78% Jan 26, 2018 - Dec 27, 2019	-3.14% Oct 8, 2025 - Nov 25, 2025
#5	-22.95% Mar 6, 2014 - Jul 17, 2017	-2.86% Jul 25, 2025 - Aug 13, 2025
#6	-14.68% Feb 18, 2025 - Apr 22, 2025	-2.73% Dec 11, 2025 - Jan 6, 2026
#7	-14.36% Feb 26, 2026 - Apr 14, 2026	-1.68% Jan 16, 2026 - Jan 22, 2026
#8	-12.24% Jan 10, 2008 - Feb 27, 2008	-1.64% Sep 11, 2025 - Oct 1, 2025
#9	-11.04% May 8, 2026 - Jun 10, 2026	-1.62% May 14, 2026 - May 26, 2026
#10	-10.75% Feb 27, 2008 - Apr 3, 2008	-1.61% Jun 4, 2026 - Jun 8, 2026
#11	-9.01% Feb 16, 2021 - Apr 8, 2021	-1.55% Jul 3, 2025 - Jul 17, 2025
#12	-8.27% Oct 12, 2020 - Nov 5, 2020	-1.42% May 6, 2026 - May 14, 2026
#13	-6.93% Jan 15, 2014 - Feb 18, 2014	-1.14% Nov 28, 2025 - Dec 10, 2025
#14	-5.91% Nov 3, 2025 - Dec 11, 2025	-0.81% Jan 6, 2026 - Jan 9, 2026
#15	-5.42% Sep 18, 2013 - Oct 18, 2013	-0.76% Aug 22, 2025 - Sep 4, 2025

Correlation

Correlation between PIZ and BGDV is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.

0.94

-101

Dividend Comparison (2008 - 2026)

PIZ vs BGDV dividend yield comparison.

Year	PIZ	BGDV
2026	0.27%	0.36%
2025	1.55%	1.13%
2024	1.68%	0.09%
2023	1.86%	0.00%
2022	2.04%	0.00%
2021	1.01%	0.00%
2020	0.37%	0.00%
2019	1.58%	0.00%
2018	1.06%	0.00%
2017	1.30%	0.00%
2016	2.21%	0.00%
2015	1.09%	0.00%
2014	1.61%	0.00%
2013	2.81%	0.00%
2012	1.96%	0.00%
2011	2.90%	0.00%
2010	0.43%	0.00%
2009	2.10%	0.00%
2008	2.15%	0.00%