PIZ vs IETC
Comparison between INVESCO DORSEY WRIGHT DEVELOPED MARKETS MOMENTUM ETF (PIZ, ETF) and ISHARES U.S. TECH INDEPENDENCE FOCUSED ETF (IETC, ETF).
5-Year PerformanceIETC has outperformed PIZ, delivering a return of +16.5% compared to +9.1%
PIZ vs IETC - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
PIZ
$775M
IETC
$774M
Expense Ratio
PIZ
0.80%
Winner
IETC
0.18%
Max Drawdown
PIZ
61.09%
Winner
IETC
38.92%
Sharpe Ratio
Winner
PIZ
0.84
IETC
0.81
5Y Beta
Winner
PIZ
0.91
IETC
1.34
P/E Ratio
PIZ
N/A
IETC
31.56
Forward P/E
PIZ
N/A
IETC
20.80
PEG Ratio
PIZ
N/A
IETC
0.21
5Y Dividends CAGR
Winner
PIZ
48.47%
IETC
15.02%
5Y EPS CAGR
PIZ
N/A
IETC
30.20%
Debt to Equity
PIZ
N/A
IETC
68.54%
P/S Ratio
PIZ
N/A
IETC
5.88
P/B Ratio
PIZ
N/A
IETC
6.29
PIZ vs IETC - Holdings Comparison
PIZ and IETC have 1 common holdings. Overlap is -0.01%
PIZ's top 25 holdings weight is 50.91%. IETC's top 25 holdings weight is 82.61%.
| Rank | PIZ | IETC |
|---|---|---|
| #1 | SK SQUARE (n/a) - 3.14% | BROADCOM INC (AVGO) - 12.54% |
| #2 | FUJIKURA LTD (n/a) - 3.11% | n/a (PLTR) - 8.81% |
| #3 | ABB LTD (n/a) - 3.04% | NVIDIA CORP (NVDA) - 7.92% |
| #4 | FURUKAWA ELECTRIC CO LTD (n/a) - 2.82% | ORACLE CORP (ORCL) - 4.94% |
| #5 | CONSTELLATION SOFTWARE INC (CNSWF) - 2.81% | MICROSOFT CORP (MSFT) - 4.67% |
| #6 | TOROMONT INDUSTRIES LTD (TMTNF) - 2.59% | AMAZON.COM INC (AMZN) - 4.53% |
| #7 | n/a (BDRBF) - 2.41% | ALPHABET INC CLASS A (GOOGL) - 3.10% |
| #8 | SIEMENS ENERGY AG ORDINARY SHARES (n/a) - 2.41% | APPLE INC (AAPL) - 2.72% |
| #9 | DOOSAN CORP ORDINARY SHARES (n/a) - 2.22% | SALESFORCE INC (CRM) - 2.64% |
| #10 | MIZRAHI TEFAHOT BANK LTD (n/a) - 2.18% | ADVANCED MICRO DEVICES INC (AMD) - 2.62% |
| #11 | SK HYNIX INC (n/a) - 2.15% | LAM RESEARCH CORP (LRCX) - 2.58% |
| #12 | NEXT VISION STABILIZED SYSTEMS LTD (n/a) - 2.10% | ALPHABET INC CLASS C (GOOG) - 2.53% |
| #13 | FLUGHAFEN ZUERICH AG (n/a) - 2.02% | INTERNATIONAL BUSINESS MACHINES CORP (IBM) - 2.49% |
| #14 | ROYAL BANK OF CANADA (RY) - 1.94% | CISCO SYSTEMS INC (CSCO) - 2.48% |
| #15 | ROLLS-ROYCE HOLDINGS PLC (n/a) - 1.89% | META PLATFORMS INC CLASS A (META) - 2.18% |
| #16 | INVESTOR AB CLASS B (n/a) - 1.65% | MICRON TECHNOLOGY INC (MU) - 2.08% |
| #17 | SAMSUNG ELECTRO-MECHANICS CO LTD (n/a) - 1.56% | ARISTA NETWORKS INC (ANET) - 1.87% |
| #18 | HALMA PLC (n/a) - 1.50% | VERISIGN INC (VRSN) - 1.80% |
| #19 | n/a (n/a) - 1.47% | BOEING CO (BA) - 1.76% |
| #20 | LION FINANCE GROUP PLC (n/a) - 1.46% | MONOLITHIC POWER SYSTEMS INC (MPWR) - 1.60% |
| #21 | HANWHA SYSTEMS CO LTD ORDINARY SHARES (n/a) - 1.45% | FORTINET INC (FTNT) - 1.52% |
| #22 | KONGSBERG GRUPPEN ASA (n/a) - 1.36% | INTERCONTINENTAL EXCHANGE INC (ICE) - 1.42% |
| #23 | MITSUI KINZOKU CO LTD (n/a) - 1.25% | MOODYS CORP (MCO) - 1.39% |
| #24 | MITSUBISHI HEAVY INDUSTRIES LTD (n/a) - 1.21% | SYNOPSYS INC (SNPS) - 1.34% |
| #25 | FIRST INTERNATIONAL BANK OF ISRAEL LTD (n/a) - 1.17% | CROWDSTRIKE HOLDINGS INC CLASS A (CRWD) - 1.08% |
| Total Holdings | 115 | 91 |
PIZ vs IETC - Historical Returns
Returns include dividend reinvestment.
1M
PIZ
-6.93%
Winner
IETC
+2.96%
3M
PIZ
+3.88%
Winner
IETC
+14.44%
6M
Winner
PIZ
+11.76%
IETC
+2.98%
1Y
PIZ
+20.53%
Winner
IETC
+21.65%
5Y(CAGR)
PIZ
+9.09%
Winner
IETC
+16.50%
10Y(CAGR)
PIZ
+10.06%
Winner
IETC
+20.90%
Max(CAGR)
PIZ
+6.02%
Winner
IETC
+20.90%
PIZ vs IETC - Annual Returns (2008 - 2026)
Returns include dividend reinvestment.
| Year | PIZ | IETC |
|---|---|---|
| 2026 | +8.40% | +6.81% |
| 2025 | +38.01% | +19.55% |
| 2024 | +18.15% | +40.36% |
| 2023 | +18.01% | +53.97% |
| 2022 | -30.42% | -33.14% |
| 2021 | +19.82% | +31.93% |
| 2020 | +16.95% | +43.99% |
| 2019 | +28.15% | +42.10% |
| 2018 | -16.56% | -3.49% |
| 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 IETC Drawdown Comparison
The maximum drawdown for PIZ was -60.61%, occurring on Mar 9, 2009. Recovery took 1342 trading sessions.
The maximum drawdown for IETC was -38.48%, occurring on Nov 3, 2022. Recovery took 496 trading sessions.
The current PIZ drawdown is -9.71%. The current IETC drawdown is -9.17%.
| Rank | PIZ | IETC |
|---|---|---|
| #1 | -60.61% May 19, 2008 - Sep 17, 2013 | -38.48% Dec 27, 2021 - Dec 15, 2023 |
| #2 | -40.94% Sep 2, 2021 - Feb 12, 2025 | -30.07% Feb 19, 2020 - Jun 5, 2020 |
| #3 | -36.44% Feb 12, 2020 - Aug 6, 2020 | -25.17% Feb 18, 2025 - Jun 10, 2025 |
| #4 | -24.78% Jan 26, 2018 - Dec 27, 2019 | -23.37% Aug 29, 2018 - Apr 2, 2019 |
| #5 | -22.95% Mar 6, 2014 - Jul 17, 2017 | -21.19% Oct 29, 2025 - May 14, 2026 |
| #6 | -14.68% Feb 18, 2025 - Apr 22, 2025 | -12.85% Sep 2, 2020 - Dec 8, 2020 |
| #7 | -14.36% Feb 26, 2026 - Apr 14, 2026 | -11.50% Jul 10, 2024 - Sep 19, 2024 |
| #8 | -12.24% Jan 10, 2008 - Feb 27, 2008 | -10.88% Apr 29, 2019 - Jul 2, 2019 |
| #9 | -10.75% Feb 27, 2008 - Apr 3, 2008 | -9.89% Feb 12, 2021 - Apr 8, 2021 |
| #10 | -9.71% May 8, 2026 - Jun 5, 2026 | -9.17% Jun 1, 2026 - Jun 5, 2026 |
| #11 | -9.01% Feb 16, 2021 - Apr 8, 2021 | -8.07% Jul 26, 2019 - Nov 8, 2019 |
| #12 | -8.27% Oct 12, 2020 - Nov 5, 2020 | -8.04% Mar 7, 2024 - May 28, 2024 |
| #13 | -6.93% Jan 15, 2014 - Feb 18, 2014 | -7.98% Apr 26, 2021 - Jun 11, 2021 |
| #14 | -5.91% Nov 3, 2025 - Dec 11, 2025 | -7.65% Sep 7, 2021 - Oct 29, 2021 |
| #15 | -5.42% Sep 18, 2013 - Oct 18, 2013 | -6.01% Dec 16, 2024 - Jan 22, 2025 |
Correlation
Correlation between PIZ and IETC 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 IETC dividend yield comparison.
| Year | PIZ | IETC |
|---|---|---|
| 2026 | 0.28% | 0.07% |
| 2025 | 1.55% | 0.38% |
| 2024 | 1.68% | 0.52% |
| 2023 | 1.86% | 0.79% |
| 2022 | 2.04% | 0.92% |
| 2021 | 1.01% | 0.73% |
| 2020 | 0.37% | 0.48% |
| 2019 | 1.58% | 0.95% |
| 2018 | 1.06% | 1.27% |
| 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% |
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