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MTRA vs PJIO

Invesco International Growth Focus ETF

MTRABCboe

PGIM Jennison International Opportunities ETF

PJIOFNYSE Arca

Overlap

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

MTRA0.54%PJIO0.54%

Avg volume · 30D

PJIO 1.5×the volume

MTRA7.93KPJIO12.2K

MTRA vs PJIO Performance

Oct 31, 2025 – Oct 30, 2026

−4.2%MTRA−9.6%PJIO

Oct 31, 2025 to Oct 30, 2026. MTRA −4.2%. PJIO −9.6%. Use the arrow keys to read each point.−15%0%5%10%Oct 2025Apr 2026Oct 2026
Expense ratio
MTRA 0.54%
PJIO 0.54%
Fund size
MTRA $127M
PJIO $59M
1Y total return
MTRA −4.2%, better
PJIO −9.6%
Yield (12M)
MTRA No data
PJIO 0.20%
Holdings
MTRA 55
PJIO 37
Avg volume (30D)
MTRA 7.93K sh
PJIO 12.2K sh, better
NAV per share
MTRA $25.23
PJIO $59.67
52W range

ETF.net Grade

MTRA: Cost 76, Risk 31, Mission not scored, Tradability 52, Holdings 39, Durability 70. PJIO: Cost 76, Risk 23, Mission not scored, Tradability 55, Holdings 30, Durability 58.
Pillar letters and Scores for MTRA, PJIO, with each pillar’s weight
PillarMTRAPJIO
Cost30% weightA76A76
Mission25% weightNot scoredNot scored
Risk15% weightD31HigherF23
Tradability15% weightC52B55Higher
Holdings10% weightD39HigherD30
Durability5% weightA70HigherB58

Rank among International Active Growth funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. MTRA and PJIO are both graded against the same 14 International Active Growth funds, so their Grades compare head to head.

International Active Growth⁠

Category · 14 funds
See all 14 ›

MTRA ranks 4th and PJIO 5th of 14 funds in the International Active Growth Category.

  1. Rank 1BCGXUCapital Group International Focus Equity ETFScore 66
  2. Rank 2BFFGXFidelity Fundamental Global ex-U.S. ETFScore 61
  3. Rank 3BJIGJPMorgan International Growth ETFScore 57
  4. Rank 4BMTRAInvesco International Growth Focus ETFScore 56
  5. Rank 5BBGIABaillie Gifford International Alpha ETFScore 53
  6. Rank 5BFFDIFidelity Fundamental Developed International ETFScore 53
  7. Rank 5FPJIOPGIM Jennison International Opportunities ETFScore 53
  8. Rank 8CLOEVHarding Loevner International Developed Markets Select Equity ETFScore 45

Our read on each fund

ETF.net Research

MTRABInvesco International Growth Focus ETF

PJIOFPGIM Jennison International Opportunities ETF

In short

MTRA No data

PJIO Jennison's concentrated international growth playbook, in an ETF: a compact book of non-U.S. stocks picked one at a time. PGIM has announced a rename and a fee cut to 0.54%, so read the current prospectus.

Stated mandate

MTRA No data

PJIO Seeks long-term growth of capital by investing primarily in non-U.S. companies, including issuers in emerging and frontier markets, using fundamental research and systematic portfolio construction.

Why people hold it

MTRA No data

  • PJIO Real stock picking, not index-hugging: a non-diversified, high-conviction growth portfolio from Jennison Associates, which PGIM says has run equity strategies for over 50 years.pgim.com
  • The mandate reaches past the usual developed-market blue chips into emerging and frontier issuers, measured against the MSCI ACWI ex USA Index.
  • PGIM has announced an expense ratio cut to 0.54%, level with the cheapest active international growth funds in its peer set (CGXU at 0.54%, JIG at 0.55%).pgim.com

Worth knowing

MTRA No data

  • PJIO PGIM has announced a repositioning and rename to the PGIM Jennison Focused International Equity ETF, so the strategy described today may not match the one after the change.pgim.com
  • Non-diversified by design: a slip in one big holding lands harder than it would in a broad index fund, and growth styles can sit out of favor for long stretches.pgim.com
  • Small and lightly traded, so bid-ask spreads carry more weight here than at a mega-fund. Limit orders are the standard tool for that.

Full MTRA profile⁠

Full PJIO profile⁠

MTRA vs PJIO Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

MTRA vs PJIO Cost

Same expense ratio

$10,720

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • MTRA 0.54%

    $10,720

  • PJIO 0.54%

    $10,720

$10,000
30 years

Cost over time

  • MTRA 0.54%
  • PJIO 0.54%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530MTRA $10,720PJIO $10,720

Year by year

YearMTRAPJIO
10$971$971
20$3,724$3,724
30$10,720$10,720

Expense ratio

  • 0.54%MTRA
  • 0.54%PJIO
  • Middle half of International Active Growth funds
  • Median 0.55%

MTRA 3rd cheapest of 14 funds

PJIO 3rd cheapest of 14 funds

MTRA vs PJIO Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
MTRA No data
PJIO 0.20%
Payout (12M)
MTRA No data
PJIO $0.12
Last payment
MTRA $0.18
PJIO $0.12
Ex-dividend
MTRA Dec 22, 2025
PJIO Dec 30, 2025
Paid on
MTRA Dec 26, 2025
PJIO Jan 2, 2026
Frequency
MTRA Irregular
PJIO Irregular

Distribution history

Per share, 2024 to 2026, same scale for both

MTRAIrregular · 1 paymentAll MTRA payments⁠
One bar per payment. 1 payment from 2024 to 2026 YTD. Dec 22, 2025 $0.18. Use the arrow keys to read each point.$0$0.202026YTD
PJIOIrregular · 2 paymentsAll PJIO payments⁠
One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 27, 2024 $0.11; Dec 30, 2025 $0.12. Use the arrow keys to read each point.$0$0.202026YTD

MTRA vs PJIO Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
MTRA 13.3%since Jul 2025PJIO 18.9%since Jan 2024
Return per unit of riskSharpe ratio, 3 years
MTRA −0.23since Jul 2025PJIO 0.13since Jan 2024
Worst fallMax drawdown, 5 years
MTRA −15.8%since Jun 2025PJIO −19.4%since Dec 2023
Market sensitivityBeta, 5 years
MTRA 0.88PJIO 1.12

MTRA and PJIO in the news

All news⁠

Popular comparisons

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