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PIEQ vs PXF: Differences, Returns & Fees

PIEQ and PXF hold 9% of their weight in the same names, and PXF returned +27.9% over the year. Net assets: $1.3bn on Oct 8, 2026 for Principal International Equity ETF, and $2.9bn on Oct 9, 2026 for Invesco RAFI Developed Markets ex-U.S. ETF.

PXF costs 0.05 points a year less; their one-year returns differ by 14.9 points.

PIEQPXF
Expense ratio0.48%0.43%
Net assets, PIEQ as of Oct 8, 2026 and PXF as of Oct 9, 2026$1.3bn$2.9bn
Total return, 1 year+13.0%+27.9%
What it tracksNo index, actively managednot read by ETFIQ
Holdings in common9%
Holdings datedJun 30, 2026Oct 10, 2026
Top ten holdings, share of the fund47.1%14.1%
Below its high5.2%, high on Aug 25, 20265.0%, high on Sep 4, 2026

Holdings in common uses holdings dated Jun 30, 2026 and Oct 9, 2026.

+13.0%
PIEQ total return, 1 year
+27.9%
PXF total return, 1 year
0.48%
PIEQ expense ratio
0.43%
PXF expense ratio

What they hold in common

By the books each fund has filed, PIEQ and PXF hold 9% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Oct 9, 2026.

half

9% in common

Positions both hold, largest shared weight first
Holding PIEQ PXF
Samsung Electronics Co Ltd 8.00% 3.54%
Shell PLC 1.33% 2.40%
British American Tobacco PLC 3.96% 0.59%
BNP Paribas SA 2.10% 0.54%
AstraZeneca PLC 3.05% 0.51%
Suncor Energy Inc 3.17% 0.48%
ASML Holding NV 6.80% 0.38%
UniCredit SpA 2.23% 0.38%
AIA Group Ltd 2.45% 0.31%
Komatsu Ltd 1.35% 0.21%
BAE Systems PLC 2.55% 0.16%
Sompo Holdings Inc 3.54% 0.15%
Only in PIEQ
Taiwan Semiconductor Manufacturing Co Ltd 6.96%
Alibaba Group Holding Ltd 3.21%
National Bank of Greece SA 2.47%
Yum China Holdings Inc 2.14%
Argenx SE 1.96%
Vale SA 1.70%
Trip.com Group Ltd 1.62%
Zegona Communications plc 0.85%
Only in PXF
TotalEnergies SE 1.48%
HSBC Holdings PLC 1.20%
Roche Holding AG 1.09%
Toyota Motor Corp 0.99%
BHP Group Ltd 0.98%
BP PLC 0.96%
Glencore PLC 0.79%
Novartis AG 0.71%

Check overlap with more funds →

On the same fields

PIEQ
Principal International Equity ETF
PXF
Invesco RAFI Developed Markets ex-U.S. ETF
Where it sits Stock ETF Stock ETF
Issuer Principal Invesco
What it is Actively managed Tracks an index
Total return, 1 year +13.0% +27.9%
S&P 500 over the same days +17.3% +17.3%
Gap to the S&P 500 −4.3 pts +10.7 pts
Expense ratio 0.48% 0.43%
Already in the S&P 500 0.0% 0.6%
Holdings 35 1026
Net assets, PIEQ as of Oct 8, 2026 and PXF as of Oct 9, 2026 $1.3bn $2.9bn

PIEQ and PXF on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

PIEQ in plain words

PIEQ is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +13.0% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.48% a year. By its holdings filed for Jun 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 35 positions, with the top ten at 47.1%. It sat 5.2% below its high of Aug 25, 2026 on Oct 9, 2026.

PXF in plain words

PXF tracks an index. Over the year to Oct 9, 2026 it returned +27.9% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.43% a year. By its holdings published by its issuer for Oct 10, 2026, 1% of the fund by weight is stocks the S&P 500 also holds, across 1,026 positions, with the top ten at 14.1%. It sat 5.0% below its high of Sep 4, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, PIEQ or PXF?
In the year to Oct 9, 2026, with distributions reinvested, PIEQ returned +13.0% and PXF +27.9%.
Which is cheaper, PIEQ or PXF?
PXF is cheaper, by 0.05 percentage points a year. That is about $5 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do PIEQ and PXF overlap with the S&P 500?
By their latest filed holdings, 0% of PIEQ and 1% of PXF by weight is stocks the S&P 500 already holds.
Other comparisons
DIVI vs PIEQGCOW vs PIEQPIEQ vs SCHYPIEQ vs WCMIPXF vs RODMAVIV vs PXFDIVI vs PXFAVDE vs PXF
PIEQ on its own →PXF on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
PIEQ filings on SEC EDGAR ↗PIEQ prospectus with the expense ratio (SEC) ↗Principal website ↗PXF filings on SEC EDGAR ↗PXF prospectus with the expense ratio (SEC) ↗Invesco page for PXF ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, PIEQ against PXF, data as of Oct 9, 2026. https://etfiq.com/compare/any/pieq-vs-pxf

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.