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Invesco RAFI U.S. Index ETF II CAD (PXS.TO) Sharpe Ratio: 3.36

ETF · Currency in CAD · Last updated Jun 17, 2026

Invesco RAFI U.S. Index ETF II (CAD) seeks to replicate, before fees and expenses, the performance of the RAFI Fundamental Select US 1000 Index. The index applies a fundamentals-based, rules-driven methodology that weights large U.S. companies by measures such as sales, cash flow, dividends, and book value rather than market capitalization, producing a value tilt relative to the broad market. Managed by Invesco Canada, it trades on the Toronto Stock Exchange.

PXS.TO's Sharpe Ratio of 3.36 indicates that for each unit of volatility, it generates 3.36 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 17, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

PXS.TO Sharpe Ratio Rank

PXS.TO Sharpe Ratio Rank: 94.595
Exceptional

PXS.TO ranks above 94.5% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Suitable as a core holding given strong risk-adjusted returns
  • Monitor rank changes to detect deteriorating return-to-volatility profile
  • Exceptional Sharpe ratio supports larger position sizes
  • Compare with category peers to assess whether strength is investment-specific or category-wide

PXS.TO Sharpe Ratio Market Positioning

The chart shows PXS.TO's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.88 or lower
  • Yellow zone (middle 50%): 0.88 to 2.21
  • Green zone (top 25%): 2.21 or higher
  • Top 1%: 7.40+
  • Median: 1.63 — half of all investments score higher

How it compares to other similar ETFs

The table compares Invesco RAFI U.S. Index ETF II CAD's Sharpe Ratio with other ETFs in the Large Cap Value Equities category across multiple time periods, showing how PXS.TO's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 17, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
XVLU.TOiShares MSCI USA Value Factor Index ETF4.93
XDIV.TOiShares Core MSCI Canadian Quality Dividend Index ETF4.78
ZVU.TOBMO MSCI USA Value ETF4.14
ZVC.TOBMO MSCI Canada Value Index ETF3.99
PXS.TOInvesco RAFI U.S. Index ETF II CAD3.36
FCUV.TOFidelity U.S. Value ETF2.54
XDU.TOiShares Core MSCI US Quality Dividend Index ETF1.86
XDUH.TOiShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged)1.33
CUD.TOiShares US Dividend Growers Index ETF (CAD-Hedged)0.62

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows PXS.TO's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when PXS.TO consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does PXS.TO fit in your portfolio?

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