PIE vs VXUS
Invesco Dorsey Wright Emerging Markets Momentum ETF vs Vanguard Total International Stock ETF
Which is better, PIE or VXUS?
Large Cap Growth against Large Cap Blend.
VXUS has a lower expense ratio. PIE led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | PIE | VXUS |
|---|---|---|
| Expense Ratio | 0.90% | 0.05%Best |
| AUM | $271M | $163.2B |
| Dividend Yield | 2.19% | 2.34% |
| Holdings | 226 | 8,844 |
| YTD Return | +45.72%Best | +10.00% |
| 1Y Return | +49.79%Best | +17.01% |
| 3Y Return (annualized) | +25.76%Best | +19.55% |
| 5Y Return (annualized) | +10.24%Best | +8.55% |
| Volatility (annualized) | 19.1% | 15.0%Best |
| Max Drawdown | -42.6% | -39.9%Best |
| $10,000 over 5 years | $16,282Best | $15,071 |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Dec 28, 2007 | Jan 26, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jan 28, 2011 to Oct 14, 2026 (15.7 years).
PIE vs VXUS growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 15.7 years both funds cover.
PIE vs VXUS Performance
Invesco Dorsey Wright Emerging Markets Momentum ETF (PIE) is an ETF from Invesco (US) and Vanguard Total International Stock ETF (VXUS) is an ETF from Vanguard (US). Over the past year PIE returned +49.79% while VXUS returned +17.01%. Year to date, PIE is up 45.72% versus a gain of 10.00% for VXUS.
Over three years, PIE compounded at +25.76% per year against +19.55% for VXUS; over five years the annualized figures are +10.24% and +8.55% respectively. Across the full 16-year window we track, PIE has the edge at +5.46% annualized vs +4.53%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PIE has been the more volatile fund, with annualized monthly volatility of 19.1% compared with 15.0% for VXUS. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -42.6% for PIE and -39.9% for VXUS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PIE charges 0.90% per year while VXUS charges 0.05%. On a $10,000 position that is $90 vs $5 annually, a gap of $85 per year that compounds over a long holding period. On income, PIE currently yields 2.19% against 2.34% for VXUS.
Holdings Overlap
At least 73.9% of PIE's money is in holdings VXUS also owns.
Stated as a floor: for VXUS, our book for it covers 91.3% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
Most of PIE is already inside VXUS. Owning both mostly buys the same companies twice.
73 positions in common, counted across the 99 positions we hold weights for in PIE and 8,425 in VXUS, against full books of 226 and 8,844.
Top Shared Holdings
| Stock | Weight in PIE | Weight in VXUS | Difference |
|---|---|---|---|
| 5434:TWTopco Scientific Co Ltd | 3.13% | 0.01% | 3.12% |
| 3653:TWJentech Precision Industrial Co Ltd | 2.93% | 0.04% | 2.89% |
| 6257:TWSigurd Microelectronics Corp | 2.94% | 0.01% | 2.93% |
| 2850:TWShinkong Insurance Co Ltd | 2.64% | 0.00% | 2.64% |
| 3189:TWKinsus Interconnect Technology Corp | 2.56% | 0.02% | 2.54% |
| 6213:TWIteq Corp | 2.44% | 0.01% | 2.43% |
| 2059:TWKing Slide Works Co Ltd | 2.21% | 0.05% | 2.16% |
| 3044:TWTripod Technology Corp | 2.20% | 0.01% | 2.19% |
| 3026:TWHoly Stone Enterprise Co Ltd | 1.98% | 0.01% | 1.97% |
| MTELEKOM:HUMagyar Telekom | 1.85% | 0.00% | 1.85% |
73.9% of PIE is already inside VXUS.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PIE or VXUS?
PIE has an expense ratio of 0.90% while VXUS charges 0.05%. VXUS is the cheaper option, by $85 a year on a $10,000 investment.
Which performed better, PIE or VXUS?
Over the past year PIE returned +49.79% vs +17.01% for VXUS, so PIE leads on 1-year performance. Over the longest common window we track (16 years), PIE annualized +5.46% vs +4.53% for VXUS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PIE or VXUS?
PIE has been the more volatile fund at 19.1% annualized versus 15.0% for VXUS. Worst drawdown: PIE -42.6% vs VXUS -39.9%.
Should I hold both PIE and VXUS?
PIE and VXUS have a monthly-return correlation of 0.82, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between PIE and VXUS?
At least 73.9% of PIE's money is in holdings VXUS also owns. Our book for VXUS is partial, so the real figure is this or higher. They hold 73 positions in common, counted across the 99 positions we hold weights for in PIE and 8,425 in VXUS.
Which pays a higher dividend, PIE or VXUS?
PIE yields 2.19% while VXUS yields 2.34%, so VXUS currently pays the higher dividend yield.
Is VXUS better than PIE?
VXUS has a lower expense ratio. PIE led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.