Principal International Equity ETF (PIEQ) Performance
PIEQ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +6.9% since Dec 31, 2025
- 1 year
- +12.2% total return
- Since first price
- +43.3% since 2024
PIEQ trailing returns vs SPY, QQQ, AGG
| Period | PIEQ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −3.4% | −3.4% | −1.0% | −5.0% | +0.9% |
| 3 months | −1.4% | −1.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +1.5% | +1.5% | +7.8% | +8.4% | −1.5% |
| YTD | +6.9% | +6.9% | +12.3% | +15.1% | −1.0% |
| 1 year | +12.2% | +10.8% | +14.4% | +15.9% | −1.1% |
| Since inceptionNov 6, 2024 | +43.3% | +41.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: PIEQ vs SPY
From Nov 6, 2024: PIEQ grew to $14,329, SPY to $13,155.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PIEQ returns by calendar year
1 of 1 full years positive. Best 2025 (+38.1%), worst 2025 (+38.1%). 2026 is year to date.
PIEQ annual returns table
| Year | PIEQ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +6.9% | −9.5% | +12.3% | +15.1% | −1.0% |
| 2025 | +38.1% | −15.2% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
PIEQ largest drawdowns
Now 6.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Mar 5, 2025 | −15.2% | Apr 8, 2025 | May 20, 2025 | 34 days | 2 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
PIEQ risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +23.6% |
| Volatility (annualized) | 10.2% |
| Sharpe ratio | 1.76 |
| Sortino ratio | 3.16 |
| Best month | +5.4% |
| Worst month | −6.0% |
| Best 12 months | +38.2% |
| Worst 12 months | +15.2% |
| Positive months | 77% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
PIEQ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 12 | +11.4% | +29.9% | +38.2% | 100% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
PIEQ performance overview
Principal International Equity ETF (PIEQ) returned +12.2% over the past year, with distributions reinvested. Since its first recorded price on Nov 6, 2024 it has returned +43.3%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −15.2%, from Mar 5, 2025 to Apr 8, 2025, and it took 42 days to get back to the old high. Volatility has been 10.2% a year.
Related: PIEQ chart, PIEQ holdings, PIEQ dividends. See the PIEQ overview for the latest quote and fund facts.
PIEQ performance FAQ
What is the PIEQ return over the past year?
PIEQ returned +12.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 10.8%.
How much would $10,000 invested in PIEQ be worth?
$10,000 invested in PIEQ at its first recorded close on November 6, 2024 would be worth about $14,329 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of PIEQ?
The largest peak-to-trough decline was −15.2% between March 5, 2025 and April 8, 2025. It recovered to the old high on May 20, 2025, 42 days after the bottom.
How volatile is PIEQ?
Over the past history PIEQ had an annualized volatility of 10.2% and a Sharpe ratio of 1.76 (excess return over 1–3 month T-bills per unit of risk).