PIO vs IEMG

APIO

BIEMG

Measures won2–4IEMG wins · of 6 · 5Y

$10,000 · 5Y$15,197VEA · IEMG $13,373

Lowest cost0.03%VEA · $3 on $10k

Most income2.51%VEA · $251 on $10k

Smallest drop−11.6%VEA · worst fall in 1Y

Held in common0.2%PIO and IEMG

PIO

IEMG

Invesco Global Water ETF · $277MiShares Core MSCI Emerging Markets ETF · $139B

+12.3%3 years · per year$14,166 · $16,988+19.3%

+2.2%5 years · per year$11,137 · $13,373+6.0%

0.75%Expense ratio$75 · $9 on $10k · lower wins0.09%

0.88%12-mo yield$88 · $249 on $10k2.49%

−13.1%Worst dropSmaller wins−17.8%

16.7%VolatilityLower wins25.5%

2–4IEMG wins

$10,000 · 5 yearsAll three, one scale

Shared top holdingsPIO · IEMG

6.0%SBSP3.SA0.1%

1.1%021240.KS0.0%

3.4%CSMG3.SA0.0%

1.0%ASTRAL.NS0.0%

Held in common0.2%

End-of-day Nov 6, 2026 · $10,000 5 years ago, dividends reinvested · ● winner of the row · each row scaled to the bigger of the two

All Three

5Y3 funds

#
1	VEA	Vanguard FTSE Developed Markets ETFRead Desk	0.03%	2.51%	−0.4%	+9.7%	+14.8%	+20.3%	+8.7%	−11.6%	$231.6B
2	BIEMG	iShares Core MSCI Emerging Markets ETFRead Desk	0.09%	2.49%	+2.1%	+8.3%	+8.8%	+19.3%	+6.0%	−17.8%	$139.4B
3	APIO	Invesco Global Water ETFRead Desk	0.75%	0.88%	−0.1%	+0.8%	−1.3%	+12.3%	+2.2%	−13.1%	$277M

End-of-day Nov 6, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

All Three

5Y3 funds

#
1	VEA	Vanguard FTSE Developed Markets ETFRead Desk	0.03%	2.51%	−0.4%	+9.7%	+14.8%	+20.3%	+8.7%	−11.6%	$231.6B
2	BIEMG	iShares Core MSCI Emerging Markets ETFRead Desk	0.09%	2.49%	+2.1%	+8.3%	+8.8%	+19.3%	+6.0%	−17.8%	$139.4B
3	APIO	Invesco Global Water ETFRead Desk	0.75%	0.88%	−0.1%	+0.8%	−1.3%	+12.3%	+2.2%	−13.1%	$277M

End-of-day Nov 6, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

Cards for this view

PIO vs IEMG

PIO

Invesco Global Water

$11,137

IEMG

iShares Core MSCI Emerging Markets

$13,373

MeasurePIOIEMG

Fee0.75%0.09%

Cost on $10k a year$75$9

Yield0.88%2.49%

5 years, per year+2.2%+6.0%

3 years, per year+12.3%+19.3%

Worst drop · 1Y−13.1%−17.8%

Volatility · 1Y16.7%25.5%

4–2measures won
IEMG first

0.2%

holdings shared

Nov 6, 2026 · $10,000 five years ago, dividends reinvested

VEA vs IEFA

YTD

VanguardVEA

+9.7%

IEFAiShares

+7.7%

+9.7%Year to date+7.7%

2.5%Yield3.5%

$232BAssets$189B

1–1level

End-of-day Nov 6, 2026

VWO vs IEMG

YTD

VanguardVWO

+3.2%

IEMGiShares

+8.3%

+3.2%Year to date+8.3%

2.2%Yield2.5%

$125BAssets$139B

2–0IEMG wins

End-of-day Nov 6, 2026

SCHD vs VIG

YTD

SchwabSCHD

+31.4%

VIGVanguard

+12.1%

+31.4%Year to date+12.1%

3.0%Yield1.5%

$120BAssets$109B

2–0SCHD wins

End-of-day Nov 6, 2026

Overlap: PIO, IEMG, VEA

Today

9.5%most shared, IEMG and VEA

PIOIEMGVEA

PIO—0.2%0.4%

IEMG0.2%—9.5%

VEA0.4%9.5%—

End-of-day Nov 6, 2026 · share held in common · outlined: the pair in versus

Income After Fees on $10,000

$248most kept, VEA

VEA$251 − $3 = $248

IEMG$249 − $9 = $240

PIO$88 − $75 = $13

KeptFee

End-of-day Nov 6, 2026 · yield in dollars minus the fee