- ISIN
- US46138E7435
- CUSIP
- 46138E743
- Issuer
- Invesco
- Inception Date
- Jun 25, 2007
- Region
- Developed Markets (Broad)
- Category
- Foreign Large Cap Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- RAFI Fundamental Select Developed ex-US 1000 Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
- Assets Under Management
- $3B
Highlights
- Avg. Volume (1M)
- 79K
- Avg. Volume Value (1M)
- $5.97M
Share Price Chart
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Performance
PXF Performance Chart
Invesco RAFI Developed Markets ex-U.S. ETF (PXF) is up 19.5% since the beginning of the year. PXF is currently trading at $77 per share. Investors who bought $1,000 worth of PXF shares 5 years ago would now be looking at an investment worth $1,949.
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Returns By Period
Invesco RAFI Developed Markets ex-U.S. ETF (PXF) has returned 19.54% so far this year and 39.62% over the past 12 months. Over the last ten years, PXF has returned 11.89% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Invesco RAFI Developed Markets ex-U.S. ETF
- 1D
- -0.63%
- 1M
- 2.12%
- 6M
- 11.81%
- YTD
- 19.54%
- 1Y
- 39.62%
- 3Y*
- 22.91%
- 5Y*
- 14.28%
- 10Y*
- 11.89%
- ALL TIME*
- 5.47%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
PXF Monthly Returns History
Based on dividend-adjusted daily data since Jun 25, 2007, PXF's average daily return is +0.03%, while the average monthly return is +0.60%. At this rate, an investment would double in approximately 9.7 years.
Historically, 56% of months were positive and 44% were negative. The best month was Apr 2009 with a return of +21.8%, while the worst month was Oct 2008 at -20.3%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 6 months.
On a daily basis, PXF closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +12.2%, while the worst single day was Mar 12, 2020 at -11.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.92% | 8.66% | -7.54% | 6.15% | 4.93% | -1.99% | 1.94% | 19.54% | |||||
| 2025 | 4.11% | 3.33% | 1.79% | 2.96% | 5.26% | 3.23% | -0.19% | 4.98% | 2.39% | 2.02% | 2.21% | 3.98% | 42.51% |
| 2024 | -1.49% | 2.56% | 4.47% | -2.32% | 4.85% | -3.01% | 3.49% | 2.62% | 1.48% | -4.97% | 0.04% | -2.70% | 4.54% |
| 2023 | 8.98% | -2.16% | 0.33% | 2.81% | -4.55% | 5.47% | 3.83% | -3.68% | -2.47% | -3.35% | 8.03% | 5.07% | 18.46% |
| 2022 | 0.40% | -2.88% | 0.64% | -6.09% | 3.92% | -10.16% | 3.14% | -4.90% | -9.38% | 7.53% | 12.20% | -1.47% | -9.09% |
| 2021 | 0.16% | 5.08% | 4.15% | 2.25% | 4.59% | -2.04% | -0.66% | 0.79% | -2.03% | 3.05% | -5.59% | 5.77% | 15.93% |
Benchmark Metrics
Invesco RAFI Developed Markets ex-U.S. ETF has an annualized alpha of -1.93%, beta of 0.96, and R2 of 0.67 versus S&P 500 Index. Calculated based on daily prices since June 25, 2007.
- This ETF participated in 108.19% of S&P 500 Index downside but only 94.12% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.96 and R2 of 0.67, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -1.93%
- Beta
- 0.96
- R²
- 0.67
- Upside Capture
- 94.12%
- Downside Capture
- 108.19%
Expense Ratio
PXF has an expense ratio of 0.43%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PXF ranks 89 for risk / return — above 89% of ETFs peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Invesco RAFI Developed Markets ex-U.S. ETF (PXF) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PXF | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.25 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.62 | 2.00 | +1.62 |
| Martin ratioReturn relative to average drawdown | 12.89 | 8.49 | +4.40 |
Dividends
Dividend History
Invesco RAFI Developed Markets ex-U.S. ETF provided a 3.07% dividend yield over the last twelve months, with an annual payout of $2.37 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.37 | $2.38 | $1.66 | $1.68 | $1.49 | $1.77 | $0.90 | $1.49 | $1.27 | $1.26 | $1.21 | $1.12 |
Dividend yield | 3.07% | 3.64% | 3.48% | 3.55% | 3.58% | 3.74% | 2.11% | 3.50% | 3.38% | 2.78% | 3.21% | 3.10% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco RAFI Developed Markets ex-U.S. 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 | $0.49 | $0.00 | $0.00 | $0.68 | $0.00 | $1.17 | |||||
| 2025 | $0.00 | $0.00 | $0.46 | $0.00 | $0.00 | $0.72 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.77 | $2.38 |
| 2024 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.63 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.33 | $1.66 |
| 2023 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.65 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.35 | $1.68 |
| 2022 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.65 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.16 | $1.49 |
| 2021 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.82 | $1.77 |
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 RAFI Developed Markets ex-U.S. 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 RAFI Developed Markets ex-U.S. ETF was 64.74%, occurring on Mar 9, 2009. Recovery took 2106 trading sessions.
The current Invesco RAFI Developed Markets ex-U.S. ETF drawdown is 1.42%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-64.74%Mar 2009 | 1y 2mo | 8y 4mo | 9y 7moDec 2007 - Jul 2017 | Financial crisis2007–2009 |
-41.59%Mar 2020 | 2y 1mo | 9mo 20d | 2y 11moJan 2018 - Jan 2021 | COVID crash2020 |
-26.82%Sep 2022 | 8mo 17d | 10mo 2d | 1y 6moJan 2022 - Jul 2023 | Bear market2022 |
-14.06%Apr 2025 | 19d | 24d | 1mo 13dMar 2025 - May 2025 | 2025 selloff2025 |
-11.27%Aug 2007 | 1mo 1d | 1mo 26d | 2mo 27dJul 2007 - Oct 2007 | — |
Drawdown Indicators
| PXF | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.74% | -56.78% | -7.96% |
Max Drawdown (1Y)Largest decline over 1 year | -10.91% | -9.10% | -1.81% |
Max Drawdown (3Y)Largest decline over 3 years | -14.06% | -18.90% | +4.84% |
Max Drawdown (5Y)Largest decline over 5 years | -26.82% | -25.43% | -1.39% |
Max Drawdown (10Y)Largest decline over 10 years | -41.59% | -33.92% | -7.67% |
Current DrawdownCurrent decline from peak | -1.42% | -1.58% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -15.17% | -10.70% | -4.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 2.14% | +0.92% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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