PIE ETF — Invesco DWA Emerging Markets Momentum ETF

Invesco DWA Emerging Markets Momentum ETF (PIE)

Updated October 16, 2026.

PIE is an ETF that tracks the Dorsey Wright Emerging Markets Technical Leaders Index. its distribution rate is 3.08%, its trailing-12-month yield is 2.23%, its expense ratio is 0.90%. Dividend Vision Distribution Safety Score™ is 71/100 (Generally safe). Total return is 76.4% over the past 18.8 years, 552.9 points behind SPY at 629.3%.

Invesco DividendVision is a momentum-focused equity ETF that tracks the Dorsey Wright Emerging Markets Technical Leaders Index, holding approximately 100 large-cap emerging-markets stocks selected for strong relative strength and technical momentum characteristics. The fund distributes quarterly with a modest current distribution rate and carries an expense ratio of 0.90%. It appeals to investors seeking exposure to emerging-market equities with a momentum tilt, rather than those pursuing traditional dividend income strategies.

PIE performance versus SPY

Price and return data through 2026-10-16.

Total return is 76.4% over the past 18.8 years, 552.9 points behind SPY at 629.3%. Over the past year its total return — price change plus distributions reinvested — is 43.0%. Its deepest 1-year drawdown was 17.3%.

PIE key facts

Distribution Safety Score™

71 · Generally safe

Safety-Adjusted Yield

2.19%

Issuer

Invesco

Asset type

ETF

Asset class

Equity

Inception date

12/28/2007

Expense ratio

0.90%

Distribution rate

3.08%

Distribution frequency

Quarterly

Trailing yield

2.23%

Last close

$33.35 (as of 2026-10-16)

AUM

$271,051,824

Average volume

24653.0

Dividend

$0.257

Ex-dividend date

09/21/2026

Payment date

09/25/2026

Beta

1.07

How Dividend Vision calculates yield and returns

Distribution rate (3.08%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (2.23%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Invesco or company page; Index: Dorsey Wright Emerging Markets Technical Leaders Index; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

PIE risks and drawbacks

PIE's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 17.3%.

Who may consider PIE — and who may not

PIE may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (PIE pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

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Tagged: International.

Frequently asked questions

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