PIE vs TLTE: holdings overlap, shared companies and scores
As of October 9, 2026, PIE and TLTE overlap 11.3% by weight. Invesco Dorsey Wright Emerging Markets Momentum ETF (PIE): High-momentum emerging market stocks. Northern Trust Morningstar Emerging Markets Factor Tilt ETF (TLTE): Tracks ~3,800 EM stocks
Updated October 9, 2026
Where PIE and TLTE trade against their own history
PIE trades at 19.3 times earnings, against its own median of 15.6, and is more expensive than 86% of its own last 9 years.
TLTE trades at 11.3 times earnings, against its own median of 10.2, and is more expensive than 76% of its own last 9 years.
What do PIE and TLTE each hold?
What's inside PIE: Tech 47%, Semiconductors 20%.
27% of PIE is its ten largest holdings.
What's inside TLTE: Tech 33%, Semiconductors 16%.
24% of TLTE is its ten largest holdings.
How much do PIE and TLTE overlap? 11.3% by weight
As of October 9, 2026, PIE and TLTE overlap 11.3% by weight.
100% of PIE is already inside TLTE.
16% of TLTE is already inside PIE.
PIE holds 99 companies and TLTE holds 2,956; 98 are in both.
Computed by ETF Copilot from both funds' holdings rather than quoted from a data provider, and rebuilt nightly.
How does ETF Copilot score PIE and TLTE? 5.2 and 5.0 out of 10
As of October 9, 2026, ETF Copilot scores PIE 5.2 out of 10 and TLTE 5.0 out of 10.
They differ most on Risk: PIE 2.0 and TLTE 4.5.
The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.
| Factor | PIE | TLTE |
|---|---|---|
| Growth | 9.2 | 8.0 |
| Value | 0.3 | 2.0 |
| Risk | 2.0 | 4.5 |
| Quality | 5.1 | 4.6 |
| Return | 6.7 | 4.4 |
TLTE is the cheaper of the two at 0.58% a year
As of October 9, 2026, PIE charges 0.90% a year, yields 2.14% and holds $272M in assets across 99 positions.
As of October 9, 2026, TLTE charges 0.58% a year, yields 3.27% and holds $351M in assets across 2956 positions.
| Measure | PIE | TLTE |
|---|---|---|
| Expense ratio | 0.90% | 0.58% |
| Dividend yield | 2.14% | 3.27% |
| Assets under management | $272M | $351M |
| Holdings | 99 | 2956 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “PIE vs TLTE holdings overlap and scores”, as of October 9, 2026.
https://etf-copilot.com/compare/pie-vs-tlte
- Invesco Dorsey Wright Emerging Markets Momentum ETF (PIE)
- Northern Trust Morningstar Emerging Markets Factor Tilt ETF (TLTE)
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