PIZ vs VXUS
Invesco Dorsey Wright Developed Markets Momentum ETF vs Vanguard Total International Stock ETF
Which is better, PIZ or VXUS?
Large Cap Growth against Large Cap Blend.
VXUS has a lower expense ratio. PIZ led over 3Y and the full window, VXUS over 1Y and 5Y. The two have moved almost in lockstep, correlation 0.90.
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 | PIZ | VXUS |
|---|---|---|
| Expense Ratio | 0.80% | 0.05%Best |
| AUM | $666M | $164.9B |
| Dividend Yield | 1.55% | 2.51% |
| Holdings | 232 | 8,844 |
| YTD Return | +6.24% | +11.16%Best |
| 1Y Return | +10.38% | +17.13%Best |
| 3Y Return (annualized) | +24.66%Best | +20.44% |
| 5Y Return (annualized) | +8.56% | +9.18%Best |
| Volatility (annualized) | 17.6% | 15.0%Best |
| Max Drawdown | -40.9% | -39.9%Best |
| $10,000 over 5 years | $15,078 | $15,514Best |
| 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 1, 2026 (15.7 years).
PIZ 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.
PIZ vs VXUS Performance
Invesco Dorsey Wright Developed Markets Momentum ETF (PIZ) is an ETF from Invesco (US) and Vanguard Total International Stock ETF (VXUS) is an ETF from Vanguard (US). Over the past year PIZ returned +10.38% while VXUS returned +17.13%. Year to date, PIZ is up 6.24% versus a gain of 11.16% for VXUS.
Over three years, PIZ compounded at +24.66% per year against +20.44% for VXUS; over five years the annualized figures are +8.56% and +9.18% respectively. Across the full 16-year window we track, PIZ has the edge at +6.42% annualized vs +4.61%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PIZ has been the more volatile fund, with annualized monthly volatility of 17.6% 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 -40.9% for PIZ 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 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
PIZ charges 0.80% per year while VXUS charges 0.05%. On a $10,000 position that is $80 vs $5 annually, a gap of $75 per year that compounds over a long holding period. On income, PIZ currently yields 1.55% against 2.51% for VXUS.
Holdings Overlap
At least 71.1% of PIZ's money is in holdings VXUS also owns.
Stated as a floor: for VXUS, our book for it covers 89.3% 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 PIZ is already inside VXUS. Owning both mostly buys the same companies twice.
The two holdings books were reported 46 days apart, PIZ as of Sep 15, 2026 and VXUS as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
74 positions in common, counted across the 102 positions we hold weights for in PIZ and 8,082 in VXUS, against full books of 232 and 8,844.
Top Shared Holdings
| Stock | Weight in PIZ | Weight in VXUS | Difference |
|---|---|---|---|
| CSU:CAConstellation Software Inc/Canada | 3.09% | 0.09% | 3.00% |
| RY:CARoyal Bank of Canada | 2.28% | 0.66% | 1.62% |
| RD:CAThe Toronto-Dominion Bank | 2.46% | 0.45% | 2.01% |
| TIH:CAToromont Industries Ltd | 2.64% | 0.03% | 2.61% |
| BGEO:LNBank Of Georgia Group Plc | 2.54% | 0.01% | 2.53% |
| BEAN:SMBelimo N Ag | 2.39% | 0.02% | 2.37% |
| 267260:KRHyundai Electric & Energy System Co Ltd | 2.26% | 0.02% | 2.24% |
| SWED.A:STSwedbank Ab | 1.98% | 0.07% | 1.91% |
| ABBN:SMABB Ltd. - Ordinary Shares | 1.60% | 0.34% | 1.26% |
| TPEIR:GRPiraeus Bank Sa | 1.85% | 0.03% | 1.82% |
71.1% of PIZ 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, PIZ or VXUS?
PIZ has an expense ratio of 0.80% while VXUS charges 0.05%. VXUS is the cheaper option, by $75 a year on a $10,000 investment.
Which performed better, PIZ or VXUS?
Over the past year PIZ returned +10.38% vs +17.13% for VXUS, so VXUS leads on 1-year performance. Over the longest common window we track (16 years), PIZ annualized +6.42% vs +4.61% for VXUS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PIZ or VXUS?
PIZ has been the more volatile fund at 17.6% annualized versus 15.0% for VXUS. Worst drawdown: PIZ -40.9% vs VXUS -39.9%.
Should I hold both PIZ and VXUS?
PIZ and VXUS have a monthly-return correlation of 0.90, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between PIZ and VXUS?
At least 71.1% of PIZ's money is in holdings VXUS also owns. Our book for VXUS is partial, so the real figure is this or higher. They hold 74 positions in common, counted across the 102 positions we hold weights for in PIZ and 8,082 in VXUS.
Which pays a higher dividend, PIZ or VXUS?
PIZ yields 1.55% while VXUS yields 2.51%, so VXUS currently pays the higher dividend yield.
Is VXUS better than PIZ?
VXUS has a lower expense ratio. PIZ led over 3Y and the full window, VXUS over 1Y and 5Y. The two have moved almost in lockstep, correlation 0.90. Which one suits a particular account depends on what it is for. This is information, not a recommendation.