PIZ vs TSMX
Comparison between INVESCO DORSEY WRIGHT DEVELOPED MARKETS MOMENTUM ETF (PIZ, ETF) and DIREXION DAILY TSM BULL 2X SHARES (TSMX, ETF).
PIZ vs TSMX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
PIZ vs TSMX - Holdings Comparison
PIZ and TSMX have 0 common holdings. Overlap is 0.00%
PIZ's top 25 holdings weight is 49.06%. TSMX's top 25 holdings weight is 11.64%.
| Rank | PIZ | TSMX |
|---|---|---|
| #1 | INVESCO SHRT-TRM INV GOV&AGCY INSTL (AGPXX) - 3.05% | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD ADR (TSM) - 11.64% |
| #2 | CONSTELLATION SOFTWARE INC (CNSWF) - 2.86% | N/A |
| #3 | n/a (BDRBF) - 2.80% | N/A |
| #4 | TOROMONT INDUSTRIES LTD (TMTNF) - 2.67% | N/A |
| #5 | BELIMO HOLDING AG (n/a) - 2.51% | N/A |
| #6 | HD HYUNDAI ELECTRIC (n/a) - 2.40% | N/A |
| #7 | THE TORONTO-DOMINION BANK (TD) - 2.33% | N/A |
| #8 | ROYAL BANK OF CANADA (RY) - 2.19% | N/A |
| #9 | KINGBOARD LAMINATES HOLDINGS LTD (n/a) - 2.11% | N/A |
| #10 | INVESTOR AB CLASS B (n/a) - 2.06% | N/A |
| #11 | SK HYNIX INC (n/a) - 2.03% | N/A |
| #12 | LION FINANCE GROUP PLC (n/a) - 2.01% | N/A |
| #13 | INTERCONTINENTAL HOTELS GROUP PLC (n/a) - 1.90% | N/A |
| #14 | SWEDBANK AB CLASS A (n/a) - 1.79% | N/A |
| #15 | IBIDEN CO LTD (n/a) - 1.74% | N/A |
| #16 | UNIPOL ASSICURAZIONI SPA (n/a) - 1.70% | N/A |
| #17 | ABB LTD (n/a) - 1.68% | N/A |
| #18 | BPER BANCA SPA (n/a) - 1.64% | N/A |
| #19 | PIRAEUS BANK SA (n/a) - 1.50% | N/A |
| #20 | BANK OF IRELAND GROUP PLC (n/a) - 1.40% | N/A |
| #21 | VAT GROUP AG (n/a) - 1.38% | N/A |
| #22 | OVERSEA-CHINESE BANKING CORP LTD (n/a) - 1.37% | N/A |
| #23 | HOCHTIEF AG (n/a) - 1.36% | N/A |
| #24 | n/a (n/a) - 1.33% | N/A |
| #25 | SWISS LIFE HOLDING AG (n/a) - 1.25% | N/A |
| Total Holdings | 118 | 1 |
PIZ vs TSMX - Historical Returns
Returns include dividend reinvestment.
PIZ vs TSMX - Annual Returns (2008 - 2026)
Returns include dividend reinvestment.
| Year | PIZ | TSMX |
|---|---|---|
| 2026 | +7.63% | +50.93% |
| 2025 | +38.01% | +73.87% |
| 2024 | +18.15% | +14.71% |
| 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 TSMX Drawdown Comparison
The maximum drawdown for PIZ was -60.61%, occurring on Mar 9, 2009. Recovery took 1342 trading sessions.
The maximum drawdown for TSMX was -63.80%, occurring on Apr 8, 2025. Recovery took 120 trading sessions.
The current PIZ drawdown is -10.36%. The current TSMX drawdown is -22.29%.
| Rank | PIZ | TSMX |
|---|---|---|
| #1 | -60.61% May 19, 2008 - Sep 17, 2013 | -63.80% Jan 23, 2025 - Jul 17, 2025 |
| #2 | -40.94% Sep 2, 2021 - Feb 12, 2025 | -34.94% Feb 25, 2026 - Apr 24, 2026 |
| #3 | -36.44% Feb 12, 2020 - Aug 6, 2020 | -31.54% Jun 30, 2026 - Jul 17, 2026 |
| #4 | -24.78% Jan 26, 2018 - Dec 27, 2019 | -24.49% Oct 17, 2024 - Jan 6, 2025 |
| #5 | -22.95% Mar 6, 2014 - Jul 17, 2017 | -21.23% Oct 8, 2025 - Jan 2, 2026 |
| #6 | -14.68% Feb 18, 2025 - Apr 22, 2025 | -17.20% Jun 2, 2026 - Jun 18, 2026 |
| #7 | -14.36% Feb 26, 2026 - Apr 14, 2026 | -16.71% Jan 6, 2025 - Jan 22, 2025 |
| #8 | -12.55% May 8, 2026 - Jul 20, 2026 | -16.11% Jul 17, 2025 - Sep 9, 2025 |
| #9 | -12.24% Jan 10, 2008 - Feb 27, 2008 | -15.15% Jun 22, 2026 - Jun 30, 2026 |
| #10 | -10.75% Feb 27, 2008 - Apr 3, 2008 | -13.06% May 6, 2026 - May 27, 2026 |
| #11 | -9.01% Feb 16, 2021 - Apr 8, 2021 | -10.39% Jan 16, 2026 - Feb 6, 2026 |
| #12 | -8.27% Oct 12, 2020 - Nov 5, 2020 | -7.44% Feb 11, 2026 - Feb 24, 2026 |
| #13 | -6.93% Jan 15, 2014 - Feb 18, 2014 | -6.80% Sep 23, 2025 - Oct 1, 2025 |
| #14 | -5.91% Nov 3, 2025 - Dec 11, 2025 | -6.53% Apr 27, 2026 - May 6, 2026 |
| #15 | -5.42% Sep 18, 2013 - Oct 18, 2013 | -5.80% Jan 6, 2026 - Jan 12, 2026 |
Correlation
Correlation between PIZ and TSMX is 0.90 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (2008 - 2026)
PIZ vs TSMX dividend yield comparison.
| Year | PIZ | TSMX |
|---|---|---|
| 2026 | 1.14% | 0.73% |
| 2025 | 1.55% | 8.01% |
| 2024 | 1.68% | 0.53% |
| 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% |
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