- ISIN
- US73936T7634
- CUSIP
- 73936T763
- Issuer
- Invesco
- Inception Date
- Sep 27, 2007
- Region
- Emerging Markets (Broad)
- Category
- Emerging Markets Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- FTSE RAFI Emerging Markets Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $2B
Highlights
- Avg. Volume (1M)
- 249K
- Avg. Volume Value (1M)
- $7.03M
Share Price Chart
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Performance
PXH Performance Chart
Invesco FTSE RAFI Emerging Markets ETF (PXH) is up 14.2% since the beginning of the year. PXH is currently trading at $29 per share. Investors who bought $1,000 worth of PXH shares 5 years ago would now be looking at an investment worth $1,643.
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Returns By Period
Invesco FTSE RAFI Emerging Markets ETF (PXH) has returned 14.20% so far this year and 29.44% over the past 12 months. Over the last ten years, PXH has returned 9.64% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Invesco FTSE RAFI Emerging Markets ETF
- 1D
- 0.97%
- 1M
- 4.81%
- 6M
- 6.84%
- YTD
- 14.20%
- 1Y
- 29.44%
- 3Y*
- 19.40%
- 5Y*
- 10.44%
- 10Y*
- 9.64%
- ALL TIME*
- 3.67%
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%
PXH Monthly Returns History
Based on dividend-adjusted daily data since Sep 28, 2007, PXH's average daily return is +0.03%, while the average monthly return is +0.50%. At this rate, an investment would double in approximately 11.6 years.
Historically, 54% of months were positive and 46% were negative. The best month was Apr 2009 with a return of +18.0%, while the worst month was Oct 2008 at -27.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, PXH closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +25.9%, while the worst single day was Oct 22, 2008 at -13.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.90% | 3.33% | -5.27% | 6.73% | 1.22% | -2.87% | 4.02% | 14.20% | |||||
| 2025 | 2.29% | 2.67% | 1.61% | -1.79% | 3.93% | 6.14% | 0.98% | 3.26% | 5.81% | 1.77% | 0.19% | 1.05% | 31.44% |
| 2024 | -2.25% | 2.41% | 2.12% | 1.54% | 3.44% | 0.54% | -0.25% | 2.38% | 7.90% | -2.78% | -2.62% | -0.47% | 12.09% |
| 2023 | 8.68% | -6.58% | 3.36% | 0.76% | -3.46% | 5.82% | 6.33% | -7.06% | -1.35% | -3.25% | 6.84% | 4.66% | 13.93% |
| 2022 | 3.70% | -5.55% | -2.67% | -6.24% | 1.49% | -6.29% | -1.38% | 1.28% | -8.85% | -2.16% | 14.15% | -1.86% | -15.18% |
| 2021 | 0.76% | 3.85% | 1.83% | 0.80% | 4.23% | -0.34% | -3.90% | 3.30% | -2.28% | 0.00% | -3.67% | 3.90% | 8.31% |
Benchmark Metrics
Invesco FTSE RAFI Emerging Markets ETF has an annualized alpha of -3.81%, beta of 1.06, and R2 of 0.62 versus S&P 500 Index. Calculated based on daily prices since September 28, 2007.
- This ETF participated in 108.21% of S&P 500 Index downside but only 86.20% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -3.81% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 1.06 and R2 of 0.62, 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
- -3.81%
- Beta
- 1.06
- R²
- 0.62
- Upside Capture
- 86.20%
- Downside Capture
- 108.21%
Expense Ratio
PXH has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PXH ranks 74 for risk / return — above 74% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Invesco FTSE RAFI Emerging Markets ETF (PXH) 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.
| PXH | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.25 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 2.00 | +0.80 |
| Martin ratioReturn relative to average drawdown | 8.74 | 8.49 | +0.25 |
Dividends
Dividend History
Invesco FTSE RAFI Emerging Markets ETF provided a 4.21% dividend yield over the last twelve months, with an annual payout of $1.22 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.22 | $1.04 | $0.91 | $0.93 | $0.94 | $1.03 | $0.59 | $0.73 | $0.65 | $0.61 | $0.36 | $0.48 |
Dividend yield | 4.21% | 4.02% | 4.43% | 4.84% | 5.33% | 4.69% | 2.79% | 3.28% | 3.30% | 2.74% | 1.97% | 3.44% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco FTSE RAFI Emerging Markets 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 | $0.09 | $0.00 | $0.00 | $0.37 | $0.00 | $0.46 | |||||
| 2025 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.38 | $1.04 |
| 2024 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.20 | $0.91 |
| 2023 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.17 | $0.93 |
| 2022 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.11 | $0.94 |
| 2021 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.46 | $1.03 |
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 FTSE RAFI Emerging Markets 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 FTSE RAFI Emerging Markets ETF was 63.63%, occurring on Nov 20, 2008. Recovery took 597 trading sessions.
The current Invesco FTSE RAFI Emerging Markets ETF drawdown is 2.00%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-63.63%Nov 2008 | 1y 22d | 2y 4mo | 3y 5moOct 2007 - Apr 2011 | Financial crisis2007–2009 |
-49.62%Jan 2016 | 4y 9mo | 1y 11mo | 6y 9moApr 2011 - Jan 2018 | — |
-40.42%Mar 2020 | 2y 1mo | 10mo 25d | 3y 14dJan 2018 - Feb 2021 | COVID crash2020 |
-29.59%Oct 2022 | 8mo 16d | 1y 6mo | 2y 2moFeb 2022 - May 2024 | Bear market2022 |
-17.72%Apr 2025 | 6mo 2d | 2mo 2d | 8mo 4dOct 2024 - Jun 2025 | 2025 selloff2025 |
Drawdown Indicators
| PXH | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.63% | -56.78% | -6.85% |
Max Drawdown (1Y)Largest decline over 1 year | -10.24% | -9.10% | -1.14% |
Max Drawdown (3Y)Largest decline over 3 years | -17.72% | -18.90% | +1.18% |
Max Drawdown (5Y)Largest decline over 5 years | -29.59% | -25.43% | -4.16% |
Max Drawdown (10Y)Largest decline over 10 years | -40.42% | -33.92% | -6.50% |
Current DrawdownCurrent decline from peak | -2.00% | -1.58% | -0.42% |
Average DrawdownAverage peak-to-trough decline | -16.76% | -10.70% | -6.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.28% | 2.14% | +1.14% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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