- ISIN
- US73935X4016
- CUSIP
- 73935X401
- Issuer
- Invesco
- Inception Date
- Dec 9, 2004
- Region
- Emerging Asia Pacific (China)
- Category
- China Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Halter USX China Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $102M
Share Price Chart
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Performance
PGJ Performance Chart
Invesco Golden Dragon China ETF (PGJ) is down 8.8% since the beginning of the year. PGJ is currently trading at $26 per share. Investors who bought $1,000 worth of PGJ shares 5 years ago would now be looking at an investment worth $497.
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Returns By Period
Invesco Golden Dragon China ETF (PGJ) has returned -8.75% so far this year and -1.79% over the past 12 months. Over the last ten years, PGJ has returned 0.64% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
Invesco Golden Dragon China ETF
- 1D
- 1.98%
- 1M
- -1.05%
- YTD
- -8.75%
- 6M
- -12.02%
- 1Y
- -1.79%
- 3Y*
- 3.86%
- 5Y*
- -13.04%
- 10Y*
- 0.64%
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
PGJ Monthly Returns History
Based on dividend-adjusted daily data since Dec 9, 2004, PGJ's average daily return is +0.04%, while the average monthly return is +0.71%. At this rate, an investment would double in approximately 8.2 years.
Historically, 56% of months were positive and 44% were negative. The best month was Nov 2022 with a return of +41.8%, while the worst month was Oct 2022 at -25.0%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.
On a daily basis, PGJ closed higher 52% of trading days. The best single day was Mar 16, 2022 with a return of +33.4%, while the worst single day was Oct 24, 2022 at -14.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.78% | -5.92% | -7.21% | 3.25% | -4.57% | 3.22% | -8.75% | ||||||
| 2025 | 4.43% | 8.60% | 0.03% | -8.98% | 1.56% | 4.50% | 2.17% | 6.32% | 9.26% | -4.13% | -5.72% | -3.32% | 13.66% |
| 2024 | -14.18% | 12.35% | -2.07% | 1.46% | 2.73% | -9.32% | -1.35% | -0.77% | 30.30% | -4.75% | -3.28% | 0.98% | 5.91% |
| 2023 | 18.15% | -11.03% | 3.42% | -9.77% | -8.77% | 9.29% | 20.32% | -10.39% | -5.26% | -6.61% | 3.96% | 0.64% | -2.38% |
| 2022 | -5.07% | -4.85% | -12.08% | -4.97% | 2.80% | 15.41% | -10.86% | 6.23% | -17.58% | -24.99% | 41.78% | 1.60% | -24.50% |
| 2021 | 8.92% | 7.29% | -14.92% | -0.14% | -5.41% | 2.08% | -22.24% | -1.60% | -9.95% | 5.05% | -5.48% | -12.89% | -42.87% |
Benchmark Metrics
Invesco Golden Dragon China ETF has an annualized alpha of -2.00%, beta of 1.15, and R2 of 0.40 versus S&P 500 Index. Calculated based on daily prices since December 10, 2004.
- This ETF participated in 112.39% of S&P 500 Index downside but only 90.52% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.40 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -2.00%
- Beta
- 1.15
- R²
- 0.40
- Upside Capture
- 90.52%
- Downside Capture
- 112.39%
Expense Ratio
PGJ has an expense ratio of 0.70%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PGJ ranks 8 for risk / return — in the bottom 8% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco Golden Dragon China ETF (PGJ) and compare them to S&P 500 Index.
| PGJ | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.07 | 2.39 | -2.46 |
Sortino ratioReturn per unit of downside risk | 0.07 | 3.25 | -3.19 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.43 | -0.43 |
Calmar ratioReturn relative to maximum drawdown | -0.07 | 3.11 | -3.18 |
Martin ratioReturn relative to average drawdown | -0.13 | 14.38 | -14.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Invesco Golden Dragon China ETF provided a 3.47% dividend yield over the last twelve months, with an annual payout of $0.91 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.91 | $0.97 | $1.23 | $0.65 | $0.23 | $0.00 | $0.19 | $0.07 | $0.10 | $0.92 | $0.55 | $0.12 |
Dividend yield | 3.47% | 3.38% | 4.70% | 2.50% | 0.84% | 0.00% | 0.30% | 0.17% | 0.31% | 2.05% | 1.94% | 0.37% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco Golden Dragon China ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.01 | ||||||
| 2025 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.48 | $0.00 | $0.00 | $0.20 | $0.97 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.01 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.07 | $1.23 |
| 2023 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.40 | $0.65 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.23 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco Golden Dragon China 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 Golden Dragon China ETF was 78.37%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current Invesco Golden Dragon China ETF drawdown is 65.21%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -78.37%Oct 2022 | 1y 8mo | — | 5y 3moFeb 2021 - now |
Financial crisis2007–2009 | -71.37%Nov 2008 | 1y 20d | 6y 6mo | 7y 7moNov 2007 - Jun 2015 |
2019 bear market2019 | -39.55%Jan 2019 | 11mo 9d | 1y 6mo | 2y 5moJan 2018 - Jul 2020 |
2015 bear market2015 | -31.74%Sep 2015 | 3mo 15d | 1y 7mo | 1y 10moJun 2015 - Apr 2017 |
2006 bear market2006 | -20.75%Jun 2006 | 1mo 5d | 5mo 4d | 6mo 9dMay 2006 - Nov 2006 |
Drawdown Indicators
| PGJ | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.37% | -56.78% | -21.59% |
Max Drawdown (1Y)Largest decline over 1 year | -25.69% | -9.10% | -16.59% |
Max Drawdown (3Y)Largest decline over 3 years | -30.82% | -18.90% | -11.92% |
Max Drawdown (5Y)Largest decline over 5 years | -70.00% | -25.43% | -44.57% |
Max Drawdown (10Y)Largest decline over 10 years | -78.37% | -33.92% | -44.45% |
Current DrawdownCurrent decline from peak | -65.21% | 0.00% | -65.21% |
Average DrawdownAverage peak-to-trough decline | -31.73% | -10.72% | -21.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.32% | 1.97% | +11.35% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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