PIZ vs EWS
Comparison between INVESCO DORSEY WRIGHT DEVELOPED MARKETS MOMENTUM ETF (PIZ, ETF) and ISHARES MSCI SINGAPORE ETF (EWS, ETF).
5-Year PerformancePIZ has outperformed EWS, delivering a return of +9.7% compared to +9.0%
PIZ vs EWS - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
PIZ vs EWS - Holdings Comparison
PIZ and EWS have 1 common holdings. Overlap is -1.81%
PIZ's top 25 holdings weight is 51.84%. EWS's top 25 holdings weight is 99.97%.
| Rank | PIZ | EWS |
|---|---|---|
| #1 | SK SQUARE (n/a) - 3.63% | DBS GROUP HOLDINGS LTD (n/a) - 20.70% |
| #2 | ABB LTD (n/a) - 3.15% | OVERSEA-CHINESE BANKING CORP LTD (n/a) - 18.03% |
| #3 | CONSTELLATION SOFTWARE INC (CNSWF) - 3.08% | SEA LTD ADR (SE) - 4.85% |
| #4 | FUJIKURA LTD (n/a) - 2.74% | KEPPEL LTD (n/a) - 4.68% |
| #5 | n/a (BDRBF) - 2.72% | SINGAPORE TECHNOLOGIES ENGINEERING LTD (n/a) - 4.60% |
| #6 | TOROMONT INDUSTRIES LTD (TMTNF) - 2.64% | GRAB HOLDINGS LTD CLASS A (GRAB) - 4.58% |
| #7 | SK HYNIX INC (n/a) - 2.49% | SINGAPORE AIRLINES LTD (n/a) - 4.50% |
| #8 | FURUKAWA ELECTRIC CO LTD (n/a) - 2.44% | CAPITALAND ASCENDAS REIT UNITS (n/a) - 4.47% |
| #9 | DOOSAN CORP ORDINARY SHARES (n/a) - 2.41% | SEMBCORP INDUSTRIES LTD (n/a) - 4.22% |
| #10 | NEXT VISION STABILIZED SYSTEMS LTD (n/a) - 2.20% | SINGAPORE EXCHANGE LTD (n/a) - 4.12% |
| #11 | SIEMENS ENERGY AG ORDINARY SHARES (n/a) - 2.14% | YANGZIJIANG SHIPBUILDING (HOLDINGS) LTD (n/a) - 4.11% |
| #12 | FLUGHAFEN ZUERICH AG (n/a) - 2.09% | UNITED OVERSEAS BANK LTD (n/a) - 4.07% |
| #13 | MIZRAHI TEFAHOT BANK LTD (n/a) - 2.04% | WILMAR INTERNATIONAL LTD (n/a) - 4.06% |
| #14 | ROYAL BANK OF CANADA (RY) - 1.99% | SINGAPORE TELECOMMUNICATIONS LTD (n/a) - 3.89% |
| #15 | ROLLS-ROYCE HOLDINGS PLC (n/a) - 1.95% | CAPITALAND INTEGRATED COMMERCIAL TRUST (n/a) - 3.04% |
| #16 | SAMSUNG ELECTRO-MECHANICS CO LTD (n/a) - 1.84% | USD CASH (n/a) - 2.66% |
| #17 | INVESTOR AB CLASS B (n/a) - 1.68% | SGD CASH (n/a) - 2.07% |
| #18 | HALMA PLC (n/a) - 1.60% | SGD/USD PURCHASED (n/a) - 1.81% |
| #19 | LION FINANCE GROUP PLC (n/a) - 1.49% | CAPITALAND INVESTMENT LTD (n/a) - 1.31% |
| #20 | n/a (n/a) - 1.47% | CASH OFFSET (n/a) - 0.01% |
| #21 | KONGSBERG GRUPPEN ASA (n/a) - 1.37% | MSCI SING IX ETS JUN 26 (n/a) - 0.00% |
| #22 | HANWHA SYSTEMS CO LTD ORDINARY SHARES (n/a) - 1.25% | SGD/USD SOLD (n/a) - -1.81% |
| #23 | MITSUI KINZOKU CO LTD (n/a) - 1.17% | N/A |
| #24 | FIRST INTERNATIONAL BANK OF ISRAEL LTD (n/a) - 1.14% | N/A |
| #25 | MITSUBISHI HEAVY INDUSTRIES LTD (n/a) - 1.12% | N/A |
| Total Holdings | 116 | 22 |
PIZ vs EWS - Historical Returns
Returns include dividend reinvestment.
PIZ vs EWS - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | PIZ | EWS |
|---|---|---|
| 2026 | +12.39% | +5.05% |
| 2025 | +38.01% | +31.94% |
| 2024 | +18.15% | +24.23% |
| 2023 | +18.01% | +6.17% |
| 2022 | -30.42% | -9.96% |
| 2021 | +19.82% | +5.17% |
| 2020 | +16.95% | -9.65% |
| 2019 | +28.15% | +14.53% |
| 2018 | -16.56% | -13.04% |
| 2017 | +30.52% | +33.47% |
| 2016 | -6.35% | +3.00% |
| 2015 | -0.12% | -17.65% |
| 2014 | -6.69% | +4.34% |
| 2013 | +34.14% | -1.46% |
| 2012 | +15.32% | +27.44% |
| 2011 | -19.66% | -19.19% |
| 2010 | +17.77% | +21.82% |
| 2009 | +36.14% | +63.31% |
| 2008 | -43.80% | -44.90% |
| 2007 | N/A | +25.64% |
| 2006 | N/A | +41.84% |
| 2005 | N/A | +15.87% |
| 2004 | N/A | +20.71% |
| 2003 | N/A | +39.43% |
| 2002 | N/A | -13.91% |
| 2001 | N/A | -19.35% |
| 2000 | N/A | -27.36% |
| 1999 | N/A | +15.13% |
PIZ vs EWS Drawdown Comparison
The maximum drawdown for PIZ was -60.61%, occurring on Mar 9, 2009. Recovery took 1342 trading sessions.
The maximum drawdown for EWS was -63.77%, occurring on Mar 9, 2009. Recovery took 773 trading sessions.
The current PIZ drawdown is -6.39%. The current EWS drawdown is -2.77%.
| Rank | PIZ | EWS |
|---|---|---|
| #1 | -60.61% May 19, 2008 - Sep 17, 2013 | -63.77% Oct 9, 2007 - Nov 2, 2010 |
| #2 | -40.94% Sep 2, 2021 - Feb 12, 2025 | -57.46% Dec 29, 1999 - Aug 2, 2005 |
| #3 | -36.44% Feb 12, 2020 - Aug 6, 2020 | -40.84% Jan 24, 2018 - Sep 11, 2024 |
| #4 | -24.78% Jan 26, 2018 - Dec 27, 2019 | -32.53% Jul 24, 2014 - Oct 27, 2017 |
| #5 | -22.95% Mar 6, 2014 - Jul 17, 2017 | -26.06% Aug 1, 2011 - Dec 14, 2012 |
| #6 | -14.68% Feb 18, 2025 - Apr 22, 2025 | -17.10% May 8, 2006 - Oct 12, 2006 |
| #7 | -14.36% Feb 26, 2026 - Apr 14, 2026 | -16.34% Mar 27, 2025 - Apr 30, 2025 |
| #8 | -12.24% Jan 10, 2008 - Feb 27, 2008 | -15.50% Jul 12, 2007 - Sep 19, 2007 |
| #9 | -11.04% May 8, 2026 - Jun 10, 2026 | -15.32% May 8, 2013 - Jul 22, 2014 |
| #10 | -10.75% Feb 27, 2008 - Apr 3, 2008 | -11.90% Feb 26, 2007 - Apr 3, 2007 |
| #11 | -9.01% Feb 16, 2021 - Apr 8, 2021 | -10.43% Nov 9, 2010 - Apr 14, 2011 |
| #12 | -8.27% Oct 12, 2020 - Nov 5, 2020 | -10.27% Aug 2, 2005 - Jan 3, 2006 |
| #13 | -6.93% Jan 15, 2014 - Feb 18, 2014 | -7.96% Apr 29, 2011 - Jul 22, 2011 |
| #14 | -5.91% Nov 3, 2025 - Dec 11, 2025 | -7.82% Feb 20, 2026 - May 20, 2026 |
| #15 | -5.42% Sep 18, 2013 - Oct 18, 2013 | -7.29% Oct 7, 2025 - Jan 6, 2026 |
Correlation
Correlation between PIZ and EWS is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (1999 - 2026)
PIZ vs EWS dividend yield comparison.
| Year | PIZ | EWS |
|---|---|---|
| 2026 | 0.27% | 0.00% |
| 2025 | 1.55% | 4.10% |
| 2024 | 1.68% | 4.28% |
| 2023 | 1.86% | 6.50% |
| 2022 | 2.04% | 2.56% |
| 2021 | 1.01% | 6.00% |
| 2020 | 0.37% | 2.68% |
| 2019 | 1.58% | 4.70% |
| 2018 | 1.06% | 4.21% |
| 2017 | 1.30% | 3.46% |
| 2016 | 2.21% | 3.96% |
| 2015 | 1.09% | 4.20% |
| 2014 | 1.61% | 3.35% |
| 2013 | 2.81% | 3.77% |
| 2012 | 1.96% | 3.96% |
| 2011 | 2.90% | 4.30% |
| 2010 | 0.43% | 3.06% |
| 2009 | 2.10% | 2.80% |
| 2008 | 2.15% | 5.98% |
| 2007 | 0.00% | 3.69% |
| 2006 | 0.00% | 2.76% |
| 2005 | 0.00% | 3.68% |
| 2004 | 0.00% | 3.85% |
| 2003 | 0.00% | 1.98% |
| 2002 | 0.00% | 1.82% |
| 2001 | 0.00% | 1.42% |
| 2000 | 0.00% | 4.43% |
| 1999 | 0.00% | 1.02% |
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