Invesco Investment Grade Defensive ETF (IIGD)

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Invesco Investment Grade Defensive ETF (IIGD) is up 0.3% since the beginning of the year. IIGD is currently trading at $24 per share. Investors who bought $1,000 worth of IIGD shares 5 years ago would now be looking at an investment worth $1,084.

Invesco Investment Grade Defensive ETF (IIGD) has returned 0.25% so far this year and 4.13% over the past 12 months.

Based on dividend-adjusted daily data since Sep 7, 2018, IIGD's average daily return is +0.01%, while the average monthly return is +0.24%. At this rate, an investment would double in approximately 24.1 years.

Historically, 60% of months were positive and 40% were negative. The best month was Apr 2020 with a return of +3.0%, while the worst month was Sep 2022 at -2.4%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 4 months.

On a daily basis, IIGD closed higher 50% of trading days. The best single day was Mar 23, 2020 with a return of +2.6%, while the worst single day was Mar 18, 2020 at -1.9%.

Invesco Investment Grade Defensive ETF has an annualized alpha of 2.24%, beta of 0.05, and R2 of 0.06 versus S&P 500 Index. Calculated based on daily prices since September 10, 2018.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (11.20%) than losses (10.07%) - typical of diversified or defensive assets.
• Beta of 0.05 may look defensive, but with R2 of 0.06 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.06 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

IIGD has an expense ratio of 0.13%, which is considered low.

IIGD ranks 55 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for Invesco Investment Grade Defensive ETF (IIGD) and compare them to S&P 500 Index.

Invesco Investment Grade Defensive ETF provided a 4.28% dividend yield over the last twelve months, with an annual payout of $1.05 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Invesco Investment Grade Defensive ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Invesco Investment Grade Defensive ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Invesco Investment Grade Defensive ETF was 11.43%, occurring on Oct 20, 2022. Recovery took 455 trading sessions.

The current Invesco Investment Grade Defensive ETF drawdown is 0.80%.

The chart below shows the rolling one-month volatility.