PIZ vs GSPY

Comparison between INVESCO DORSEY WRIGHT DEVELOPED MARKETS MOMENTUM ETF (PIZ, ETF) and GOTHAM ENHANCED 500 ETF (GSPY, ETF).

5-Year PerformanceGSPY has outperformed PIZ, delivering a return of +13.3% compared to +7.4%

PIZ vs GSPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PIZ(ETF)	GSPY(ETF)
Net Assets	$724M	$723M
Expense Ratio	0.80%	0.50%
Max Drawdown	61.09%	23.30%
Sharpe Ratio	0.66	1.43
5Y Beta	0.94	0.96
P/E Ratio	N/A	24.17
Forward P/E	N/A	18.94
PEG Ratio	N/A	0.43
5Y Dividends CAGR	46.14%	N/A
5Y EPS CAGR	N/A	27.62%
Debt to Equity	N/A	75.52%
P/S Ratio	N/A	3.10
P/B Ratio	N/A	4.93

Net Assets

Winner

PIZ

$724M

GSPY

$723M

Expense Ratio

PIZ

0.80%

Winner

GSPY

0.50%

Max Drawdown

PIZ

61.09%

Winner

GSPY

23.30%

Sharpe Ratio

PIZ

0.66

Winner

GSPY

1.43

5Y Beta

Winner

PIZ

0.94

GSPY

0.96

P/E Ratio

PIZ

N/A

GSPY

24.17

Forward P/E

PIZ

N/A

GSPY

18.94

PEG Ratio

PIZ

N/A

GSPY

0.43

5Y Dividends CAGR

PIZ

46.14%

GSPY

N/A

5Y EPS CAGR

PIZ

N/A

GSPY

27.62%

Debt to Equity

PIZ

N/A

GSPY

75.52%

P/S Ratio

PIZ

N/A

GSPY

3.10

P/B Ratio

PIZ

N/A

GSPY

4.93

PIZ vs GSPY - Holdings Comparison

PIZ and GSPY have 1 common holdings. Overlap is -0.07%

PIZ's top 25 holdings weight is 48.74%. GSPY's top 25 holdings weight is 50.26%.

Rank	PIZ	GSPY
#1	n/a (BDRBF) - 3.28%	NVIDIA CORP (NVDA) - 6.82%
#2	TOROMONT INDUSTRIES LTD (TMTNF) - 2.98%	APPLE INC (AAPL) - 6.37%
#3	CONSTELLATION SOFTWARE INC (CNSWF) - 2.89%	MICROSOFT CORP (MSFT) - 6.16%
#4	THE TORONTO-DOMINION BANK (TD) - 2.54%	ALPHABET INC CLASS A (GOOGL) - 4.61%
#5	BELIMO HOLDING AG (n/a) - 2.50%	AMAZON.COM INC (AMZN) - 4.38%
#6	ROYAL BANK OF CANADA (RY) - 2.42%	MICRON TECHNOLOGY INC (MU) - 2.51%
#7	HD HYUNDAI ELECTRIC (n/a) - 2.25%	META PLATFORMS INC CLASS A (META) - 2.51%
#8	INVESTOR AB CLASS B (n/a) - 2.19%	BROADCOM INC (AVGO) - 1.90%
#9	LION FINANCE GROUP PLC (n/a) - 2.18%	BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.55%
#10	SK HYNIX INC (n/a) - 1.96%	JPMORGAN CHASE & CO (JPM) - 1.37%
#11	SWEDBANK AB CLASS A (n/a) - 1.94%	ADVANCED MICRO DEVICES INC (AMD) - 1.26%
#12	UNIPOL ASSICURAZIONI SPA (n/a) - 1.85%	UNITEDHEALTH GROUP INC (UNH) - 1.17%
#13	INTERCONTINENTAL HOTELS GROUP PLC (n/a) - 1.85%	MERCK & CO INC (MRK) - 1.16%
#14	BPER BANCA SPA (n/a) - 1.75%	n/a (DELL) - 1.11%
#15	OVERSEA-CHINESE BANKING CORP LTD (n/a) - 1.71%	EXXONMOBIL HOLDINGS CORP (XOM) - 1.03%
#16	ABB LTD (n/a) - 1.69%	TESLA INC (TSLA) - 0.99%
#17	PIRAEUS BANK SA (n/a) - 1.64%	VISA INC CLASS A (V) - 0.95%
#18	BANK OF IRELAND GROUP PLC (n/a) - 1.57%	CISCO SYSTEMS INC (CSCO) - 0.94%
#19	IBIDEN CO LTD (n/a) - 1.49%	LAM RESEARCH CORP (LRCX) - 0.92%
#20	n/a (n/a) - 1.43%	CATERPILLAR INC (CAT) - 0.91%
#21	SWISS LIFE HOLDING AG (n/a) - 1.39%	CSX CORP (CSX) - 0.33%
#22	HOCHTIEF AG (n/a) - 1.37%	CITIGROUP INC (C) - 0.33%
#23	VAT GROUP AG (n/a) - 1.36%	WESTERN DIGITAL CORP (WDC) - 0.33%
#24	n/a (n/a) - 1.26%	AMERICAN EXPRESS CO (AXP) - 0.33%
#25	AIB GROUP PLC (n/a) - 1.25%	WELLS FARGO & CO (WFC) - 0.32%
Total Holdings	115	463

PIZ vs GSPY - Historical Returns

Returns include dividend reinvestment.

Period	PIZ	GSPY
1 month	+3.13%	+4.42%
3 months	-5.15%	+4.65%
6 months	-1.72%	+13.57%
1 year	+17.28%	+22.63%
5 years(CAGR)	+7.38%	+13.26%
10 years(CAGR)	+10.07%	N/A
Max(CAGR)	+5.96%	+15.44%

PIZ

+3.13%

Winner

GSPY

+4.42%

PIZ

-5.15%

Winner

GSPY

+4.65%

PIZ

-1.72%

Winner

GSPY

+13.57%

PIZ

+17.28%

Winner

GSPY

+22.63%

5Y(CAGR)

PIZ

+7.38%

Winner

GSPY

+13.26%

10Y(CAGR)

PIZ

+10.07%

GSPY

N/A

Max(CAGR)

PIZ

+5.96%

Winner

GSPY

+15.44%

PIZ vs GSPY - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

Year	PIZ	GSPY
2026	+8.68%	+14.71%
2025	+38.01%	+18.41%
2024	+18.15%	+24.23%
2023	+18.01%	+26.37%
2022	-30.42%	-17.40%
2021	+19.82%	+29.20%
2020	+16.95%	+0.58%
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 GSPY Drawdown Comparison

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

The maximum drawdown for GSPY was -23.30%, occurring on Sep 30, 2022. Recovery took 480 trading sessions.

The current PIZ drawdown is -9.49%. The current GSPY drawdown is -1.13%.

Rank	PIZ	GSPY
#1	-60.61% May 19, 2008 - Sep 17, 2013	-23.30% Jan 4, 2022 - Dec 1, 2023
#2	-40.94% Sep 2, 2021 - Feb 12, 2025	-18.67% Feb 19, 2025 - Jun 26, 2025
#3	-36.44% Feb 12, 2020 - Aug 6, 2020	-8.62% Feb 2, 2026 - Apr 14, 2026
#4	-24.78% Jan 26, 2018 - Dec 27, 2019	-7.95% Jul 16, 2024 - Aug 30, 2024
#5	-22.95% Mar 6, 2014 - Jul 17, 2017	-5.23% Oct 28, 2025 - Dec 10, 2025
#6	-15.99% May 8, 2026 - Jul 29, 2026	-5.08% Sep 2, 2021 - Oct 20, 2021
#7	-14.68% Feb 18, 2025 - Apr 22, 2025	-4.91% Mar 28, 2024 - May 15, 2024
#8	-14.36% Feb 26, 2026 - Apr 14, 2026	-4.27% Feb 12, 2021 - Mar 11, 2021
#9	-12.24% Jan 10, 2008 - Feb 27, 2008	-4.13% Dec 6, 2024 - Jan 22, 2025
#10	-10.75% Feb 27, 2008 - Apr 3, 2008	-4.12% Aug 30, 2024 - Sep 19, 2024
#11	-9.01% Feb 16, 2021 - Apr 8, 2021	-4.04% Jun 1, 2026 - Aug 3, 2026
#12	-8.27% Oct 12, 2020 - Nov 5, 2020	-4.04% May 7, 2021 - Jun 14, 2021
#13	-6.93% Jan 15, 2014 - Feb 18, 2014	-3.78% Nov 16, 2021 - Dec 10, 2021
#14	-5.91% Nov 3, 2025 - Dec 11, 2025	-3.23% Jan 21, 2021 - Feb 4, 2021
#15	-5.42% Sep 18, 2013 - Oct 18, 2013	-3.01% Oct 8, 2025 - Oct 24, 2025

Correlation

Correlation between PIZ and GSPY is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.

0.92

-101

Dividend Comparison (2008 - 2026)

PIZ vs GSPY dividend yield comparison.

Year	PIZ	GSPY
2026	1.13%	0.00%
2025	1.55%	2.61%
2024	1.68%	0.84%
2023	1.86%	1.06%
2022	2.04%	1.25%
2021	1.01%	0.23%
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%