PIE vs SCHD
Invesco Dorsey Wright Emerging Markets Momentum ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. PIE delivered stronger 1-year returns. PIE offers more diversification with 102 holdings.
Side-by-Side Comparison
| Metric | PIE | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.90% | 0.06% | |
| AUM | $237M | $103.7B | |
| Dividend Yield | 1.71% | 3.31% | |
| Holdings | 113 | 104 | |
| YTD Return | +36.53% | +24.26% | |
| 1Y Return | +49.36% | +31.38% | |
| 3Y Return (annualized) | +21.36% | +15.08% | |
| 5Y Return (annualized) | +7.36% | +9.72% | |
| Volatility (annualized) | 22.8% | 13.6% | |
| Max Drawdown | -73.1% | -33.4% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Dec 28, 2007 | Oct 20, 2011 |
PIE vs SCHD Performance
Invesco Dorsey Wright Emerging Markets Momentum ETF (PIE) is a ETF from Invesco (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year PIE returned +49.36% while SCHD returned +31.38%. Year to date, PIE is up 36.53% versus a gain of 24.26% for SCHD.
Over three years, PIE compounded at +21.36% per year against +15.08% for SCHD; over five years the annualized figures are +7.36% and +9.72% respectively. Across the full 15-year window we track, SCHD has the edge at +11.39% annualized vs +2.06%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PIE has been the more volatile fund, with annualized monthly volatility of 22.8% compared with 13.6% for SCHD. 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 -73.1% for PIE and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.58. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PIE charges 0.90% per year while SCHD charges 0.06%. On a $10,000 position that is $90 vs $6 annually, a gap of $84 per year that compounds over a long holding period. On income, PIE currently yields 1.71% against 3.31% for SCHD.
Holdings Overlap
PIE and SCHD share 0 holdings out of 202 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PIE or SCHD?
PIE has an expense ratio of 0.90% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $84 per year of difference.
Which performed better, PIE or SCHD?
Over the past year PIE returned +49.36% vs +31.38% for SCHD, so PIE leads on 1-year performance. Over the longest common window we track (15 years), PIE annualized +2.06% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, PIE or SCHD?
PIE has been the more volatile fund at 22.8% annualized versus 13.6% for SCHD. Worst drawdown: PIE -73.1% vs SCHD -33.4%.
Should I hold both PIE and SCHD?
PIE and SCHD have a monthly-return correlation of 0.58, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PIE and SCHD?
PIE and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 202 unique securities.
Which pays a higher dividend, PIE or SCHD?
PIE yields 1.71% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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