This ETF offers exposure to emerging market economies, standing out as a potential alternative to cap-weighted products such as EEM or VWO. Instead of simply including the largest emerging market stocks, PIE screens potential components based on relative strength factors, selecting approximately 100 securities. For investors who buy into the investment thesis behind the relative strength strategy, PIE might make for a better way to access emerging economies. The methodology may also be appealing because it avoids the concentration issues that can plague cap-weighted products; though PIE has only 100 or so components, exposure is spread very evenly across the names that make up the portfolio. It’s also likely to have a bigger allocation to small caps and mid caps, while EEM and VWO are primarily comprised of large cap stocks. The biggest drawback of PIE is the expenses; the management fee is considerably higher than low cost options such as VWO, and the potentially higher turnover may lead to less-than-optimal tax efficiency. If you buy the relative strength methodology, PIE might be very attractive. Otherwise, there are a number of alternatives, including the equal-weighted EWEM or the RAFI-weighted PXH.
| Segment | Equity: Emerging Markets - Total Market |
| Category | Size and Style |
| Focus | Total Market |
| Niche | Broad-based |
| Strategy | Momentum |
| Weighting Scheme | Momentum |
This section compares how balanced and deep this ETF is relative to its peers.
| PIE | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 104 | 786 | 934 |
| % of Assets in Top 10 | 25.65% | 33.40% | 34.31% |
| % of Assets in Top 15 | 35.04% | 40.74% | 40.25% |
| % of Assets in Top 50 | 71.34% | 69.67% | 66.25% |
| PIE | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | 15.20% | 46.15% | 48.90% |
| Mid (>2.7B) | 49.71% | 34.52% | 32.37% |
| Small (>600M) | 34.43% | 10.93% | 5.17% |
| Micro (<600M) | 0.00% | 1.80% | 0.57% |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| PIE | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 0.29 | $ 0.41 | $ 0.33 |
| Dividend Date | 2023-09-18 | N/A | N/A |
| Annual Dividend Rate | $ 0.50 | $ 0.98 | $ 0.80 |
| Annual Dividend Yield | 2.67% | 3.31% | 2.51% |
View charts featuring PIE price and volume data.
View charts featuring ETF fund flow data.
5 Day Net Flows: 10.48 M 1 Month Net Flows: 10.48 M 3 Month Net Flows: 5.92 M 6 Month Net Flows: -17.46 M 1 Year Net Flows: -5.49 M 3 Year Net Flows: -15.15 M 5 Year Net Flows: -15.15 M 10 Year Net Flows: -15.15 MView charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: 11.83 MThe adjacent table gives investors an individual Realtime Rating for PIE on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Emerging Markets Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Qualified dividends |
| Distributes K1 | No |
This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.
| PIE |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | 7.04% | 7.14% | 6.31% |
| 3 Month Return | -1.72% | 1.24% | 0.98% |
| YTD Return | 8.52% | 7.78% | 5.71% |
| 1 Year Return | 10.84% | 9.17% | 6.61% |
| 3 Year Return | -1.37% | 0.54% | -0.81% |
| 5 Year Return | 5.78% | 2.31% | 1.44% |
The following charts reflect the geographic spread of PIE's underlying holdings.
| Region | Percentage |
|---|---|
| Asia Pacific | 61.41% |
| North, Central and South America | 21.28% |
| Europe | 17.14% |
| Other | 0.11% |
| Country | Percentage |
|---|---|
| Taiwan | 43.67% |
| Mexico | 14.11% |
| Turkey | 13.77% |
| Brazil | 7.17% |
| China | 6.19% |
| Malaysia | 5.73% |
| South Africa | 3.37% |
| Thailand | 2.45% |
| Indonesia | 2.03% |
| Hong Kong | 1.34% |
| Other | 0.11% |
The following charts reflect the allocation of PIE's underlying holdings.
| Sector | Percentage |
|---|---|
| Electronic Technology | 24.73% |
| Finance | 18.4% |
| Retail Trade | 9.54% |
| Energy Minerals | 7.55% |
| Producer Manufacturing | 5.89% |
| Non-Energy Minerals | 5.89% |
| Process Industries | 5.83% |
| Consumer Non-Durables | 4.57% |
| Consumer Durables | 4.13% |
| Transportation | 3.42% |
| Utilities | 2.62% |
| Distribution Services | 2.23% |
| Commercial Services | 2.05% |
| Consumer Services | 1.0% |
| Health Technology | 0.73% |
| Health Services | 0.63% |
| Technology Services | 0.62% |
| CASH | 0.08% |
| Other | 0.03% |
| Market Cap | Percentage |
|---|---|
| Mid | 49.71% |
| Small | 34.43% |
| Large | 15.2% |
| Micro | 0.0% |
| Region | Percentage |
|---|
| Asset | Percentage |
|---|---|
| Share/Common/Ordinary | 95.84% |
| Non-Voting Depositary Receipt | 2.45% |
| Preferred Equity | 0.99% |
| Unit | 0.55% |
| CASH | 0.08% |
| Other | 0.03% |
| Warrant | 0.0% |
| Sector | Percentage |
|---|---|
| Electronic Technology | 24.73% |
| Finance | 18.4% |
| Retail Trade | 9.54% |
| Energy Minerals | 7.55% |
| Producer Manufacturing | 5.89% |
| Non-Energy Minerals | 5.89% |
| Process Industries | 5.83% |
| Consumer Non-Durables | 4.57% |
| Consumer Durables | 4.13% |
| Transportation | 3.42% |
| Utilities | 2.62% |
| Distribution Services | 2.23% |
| Commercial Services | 2.05% |
| Consumer Services | 1.0% |
| Health Technology | 0.73% |
| Health Services | 0.63% |
| Technology Services | 0.62% |
| CASH | 0.08% |
| Other | 0.03% |
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 179.08% |
| 20 Day Volatility | 17.43% |
| 50 Day Volatility | 18.11% |
| 200 Day Volatility | 18.08% |
| Beta | 0.79 |
| Standard Deviation | 0.63% |
ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.
Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.
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