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ETFs

Invesco Exchange-Traded Fund Trust II Invesco International BuyBack Achievers ETF

IPKW
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Feb 27 2014
Expense Ratio
0.55%
Type
Global Ex. US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$1,088,641
AUM
$82,703,738
Associated Index
NASDAQ International BuyBack Achievers Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

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Novartis AG - Registered Shares
4.82%
NPN
Naspers Ltd - Ordinary Shares - Class N
4.42%
CNQ
Canadian Natural Resources Ltd.
3.80%
BBVA
Banco Bilbao Vizcaya Argentaria.
3.26%
9984
SoftBank Group Corp.
2.87%
SU
Suncor Energy, Inc.
2.76%
ENI
Eni Spa
2.70%
Invest with IPKW

What is IPKW?

The Invesco International BuyBack Achievers, ETF (Fund) is based on the NASDAQ International BuyBack Achievers, Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to track the performance of common stocks of foreign companies that meet the requirements to be classified as BuyBack Achievers,. The NASDAQ International BuyBack Achievers Index is comprised of securities issued by corporations that have effected a net reduction in shares outstanding of 5% or more in its latest fiscal year. The Fund and the Index are reconstituted annually in July and rebalanced quarterly in January, April, July and October.

ETFs related toIPKW

ETFs correlated to IPKW include VYMI, FNDF, DFIV

IPKW
Invesco Capital Management LLC - Invesco International BuyBack Achievers TM ETF
VYMI
Vanguard Group, Inc. - Vanguard International High Dividend Yield ETF
FNDF
Schwab Strategic Trust - Schwab Fundamental International Large Company Index ETF
DFIV
Dimensional ETF Trust - Dimensional International Value ETF
PXF
Invesco Capital Management LLC - Invesco FTSE RAFI Developed Markets ex-U.S. ETF
AVDV
American Century ETF Trust - Avantis International Small Cap Value ETF
AVIV
American Century ETF Trust - Avantis International Large Cap Value ETF
DISV
Dimensional ETF Trust - Dimensional International Small Cap Value ETF
AVDE
American Century ETF Trust - Avantis International Equity ETF
DFIC
Dimensional ETF Trust - Dimensional International Core Equity 2 ETF
DFAX
Dimensional ETF Trust - Dimensional World ex U.S. Core Equity 2 ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

IPKW is a Global Ex. US Equities ETF. The Invesco International BuyBack Achievers, ETF (Fund) is based on the NASDAQ International BuyBack Achievers, Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to track the performance of common stocks of foreign companies that meet the requirements to be classified as BuyBack Achievers,. The NASDAQ International BuyBack Achievers Index is comprised of securities issued by corporations that have effected a net reduction in shares outstanding of 5% or more in its latest fiscal year. The Fund and the Index are reconstituted annually in July and rebalanced quarterly in January, April, July and October.

IPKW tracks the NASDAQ International BuyBack Achievers Index.

No, IPKW is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, IPKW is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on IPKW is 0.0238%. This is the percent change in the value of IPKW over the most recent 1-month period. The 3-month return on IPKW is 0.0373%. This is the percent change in the value of IPKW over the most recent 3-month period.

The standard deviation of IPKW for the past year is 0.1765%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to IPKW include PBW, IGF, and ARKK.

ETFs correlated to IPKW include VYMI, FNDF, and DFIV.

ETFs that are inversely correlated to IPKW include EFZ, EPV, and EDZ.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.