I am analyzing this question in the FRW universe with a perfect fluid. The trace of the energy momentum tensor $$T^{\mu \nu} g_{\mu \nu} = \rho - 3p $$ is of course an invariant quantity. It does, however, in the case of an FRW metric, change with time as the universe expands.
Is it possible to define a quantity such that all co-moving observers will view it as an 'invariant mass squared' but that is not dependent on volume?
What about $$\frac{T^{\mu \nu} g_{\mu \nu}}{\rho}$$ The energy density, by itself, is not an invariant quantity. If we allow $p=\omega \rho$ (perfect fluid), then $$\frac{\rho - 3p}{\rho} = 1 - 3\omega $$ This quantity looks invariant to me, though I am not convinced this is correct. Would the lack of invariance be the result of $\omega$ being a non-constant function? If, for example, the universe were dust for a co-moving observer, then $\omega = 0$. But, if the observer is not co-moving, they will perceive a pressure in the dust the co-moving observer did not, forcing $$0 > \omega < 1/3$$ ^^ I realized that last sentence is wrong. If I were moving relative to the fluid, the fluid will have a bulk motion in the direction of movement. This is distinct from pressure which is a result of random movement in all directions. So no, a moving observer won't see 'pressure', they will perceive a momentum density flux.