Invesco Dorsey Wright Emerging Markets Momentum ETF (PIE) Total Returns

Growth of $10,000 chart

2021-03-18 to 2026-03-18
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Final Value Total Return CAGR Dividends Yield on Cost
Nominal $11,883.57 18.84% 3.51% $1,051.12 10.51%
Real * $9,615.47 -3.85% -0.78% $914.34 9.14%
* Adjusted to Mar 2021 purchasing power (US CPI-U) Taxes: $210.24 · Transaction costs: $1.68 Reinvested dividends with 20% tax, 0.2% cost per reinvestment.

Rolling 1-Year Returns (252 Trading Days)

Metric Value
Average Rolling Return +1.15%
Median Rolling Return +4.35%
Best Rolling Return +53.70%
Worst Rolling Return -34.26%
% of Windows Positive 55.8%

Risk Metrics

Metric Value
Maximum Drawdown -40.82%
Drawdown Duration 1130 Trading Days
Sortino Ratio 0.38
Calmar Ratio 0.13
CVaR (5%) -2.92%

Yearly Returns

Year Return Abs. Return Dividends Taxes Trans. Costs
2026 partial +11.03% (+64.27% ann.) +$1103.09 $0.00 $0.00 $0.00
2025 +25.36% +$2536.07 $282.24 $56.45 $0.46
2024 -0.69% $69.47 $229.20 $45.84 $0.37
2023 +13.11% +$1310.65 $288.61 $57.72 $0.45
2022 -29.22% $2922.36 $239.64 $47.93 $0.39
2021 +14.02% +$1401.87 $144.76 $28.96 $0.23
2020 +20.87% +$2087.41 $158.83 $31.76 $0.25
2019 +25.49% +$2548.60 $284.18 $56.82 $0.46
2018 -22.47% $2246.80 $253.32 $50.66 $0.40
2017 +41.31% +$4130.95 $228.04 $45.62 $0.36
2016 -0.28% $27.71 $146.99 $29.39 $0.24
2015 -14.32% $1432.49 $68.97 $13.79 $0.11
2014 -2.95% $295.07 $51.22 $10.24 $0.08
2013 -1.29% $129.42 $120.36 $24.08 $0.19
2012 +17.33% +$1732.71 $79.77 $15.95 $0.13
2011 -12.68% $1267.93 $69.21 $13.85 $0.11
2010 +25.06% +$2505.67 $42.08 $8.41 $0.07
2009 +57.47% +$5747.45 $111.58 $22.31 $0.19
2008 partial -62.93% (-63.56% ann.) $6292.51 $24.76 $4.95 $0.04

Market Regime Returns

Regime Period Return Ann. Return Abs. Return Dividends Taxes Trans. Costs
GFC / deleveraging / dollar shortage partial 2008-01-07 – 2009-03-09 -71.91% -66.25% $7190.82 $24.76 $4.95 $0.04
Policy-led rebound / euro-sovereign-crisis overlay 2009-03-10 – 2012-07-25 +119.16% +26.17% +$11916.25 $517.89 $103.56 $0.84
Secular stagnation / QE / low inflation / duration bull 2012-07-26 – 2020-02-19 +27.73% +3.29% +$2772.92 $1245.56 $249.09 $2.00
Pandemic shock / liquidity crash 2020-02-20 – 2020-03-23 -31.15% -98.59% $3115.33 $2.64 $0.53 $0.00
Policy bazooka / monetary euphoria 2020-03-24 – 2020-11-06 +48.48% +88.89% +$4848.02 $130.17 $26.02 $0.21
Reopening reflation / fiscal boom / supply bottlenecks 2020-11-09 – 2021-11-29 +19.08% +18.02% +$1907.82 $141.32 $28.27 $0.21
Inflation shock / duration crash / aggressive tightening 2021-11-30 – 2022-11-09 -31.44% -33.02% $3144.02 $287.17 $57.44 $0.47
Disinflation rebound / AI-led narrow bull / higher-for-longer 2022-11-10 – 2024-09-17 +21.75% +11.20% +$2175.38 $488.27 $97.66 $0.77
Disinflationary easing / resilient growth / AI capex under oil-shock test partial 2024-09-18 – 2026-03-18 +33.58% +21.37% +$3358.50 $361.22 $72.25 $0.58

Dividend History

Date Per Share Yield % Total Yield Tax Trans. Cost Shares Bought
2021-03-22 $0.0060 0.02% $2.47 $0.49 $0.00 0.0810
2021-06-21 $0.0330 0.13% $13.59 $2.72 $0.02 0.4094
2021-09-20 $0.1430 0.56% $58.97 $11.80 $0.09 1.9334
2021-12-20 $0.1480 0.59% $61.32 $12.27 $0.10 1.9835
2022-03-21 $0.0010 0.00% $0.42 $0.08 $0.00 0.0143
2022-06-21 $0.2220 1.11% $92.42 $18.48 $0.15 3.6892
2022-09-19 $0.3400 1.85% $142.79 $28.56 $0.23 6.3336
2022-12-19 $0.0510 0.28% $21.74 $4.35 $0.04 0.9676
2023-03-20 $0.0600 0.34% $25.64 $5.13 $0.04 1.1454
2023-06-20 $0.1030 0.53% $44.13 $8.82 $0.07 1.8582
2023-09-18 $0.2890 1.51% $124.35 $24.87 $0.19 5.3148
2023-12-18 $0.0580 0.30% $25.27 $5.06 $0.04 1.0484
2024-03-18 $0.0270 0.13% $11.79 $2.36 $0.02 0.4585
2024-06-24 $0.2400 1.11% $104.91 $20.98 $0.17 3.9470
2024-09-23 $0.1450 0.71% $63.95 $12.79 $0.10 2.4919
2024-12-23 $0.0370 0.19% $16.42 $3.29 $0.03 0.6726
2025-03-24 $0.0080 0.04% $3.56 $0.71 $0.0093 0.1504
2025-06-23 $0.2080 1.03% $92.43 $18.49 $0.15 3.6280
2025-09-22 $0.0810 0.33% $36.28 $7.26 $0.06 1.1869
2025-12-22 $0.2420 0.99% $108.70 $21.74 $0.18 3.5715
Total 20 payments $1051.12 $210.24 $1.68 40.8855
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