- Issuer
- Invesco
- Inception Date
- May 19, 2006
- Category
- Mid Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Bloomberg ANR Improvers Index - Benchmark TR Gross
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
- Assets Under Management
- $117M
Share Price Chart
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Performance
UPGD Performance Chart
Invesco Bloomberg Analyst Rating Improvers ETF (UPGD) is up 8.7% since the beginning of the year. UPGD is currently trading at $80 per share. Investors who bought $1,000 worth of UPGD shares 5 years ago would now be looking at an investment worth $1,387.
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Returns By Period
Invesco Bloomberg Analyst Rating Improvers ETF (UPGD) has returned 8.74% so far this year and 17.83% over the past 12 months. Over the last ten years, UPGD has returned 10.54% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Invesco Bloomberg Analyst Rating Improvers ETF
- 1D
- -0.34%
- 1M
- 1.54%
- YTD
- 8.74%
- 6M
- 7.03%
- 1Y
- 17.83%
- 3Y*
- 14.55%
- 5Y*
- 6.76%
- 10Y*
- 10.54%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
UPGD Monthly Returns History
Based on dividend-adjusted daily data since May 19, 2006, UPGD's average daily return is +0.04%, while the average monthly return is +0.86%. At this rate, an investment would double in approximately 6.7 years.
Historically, 63% of months were positive and 37% were negative. The best month was Apr 2020 with a return of +19.4%, while the worst month was Mar 2020 at -30.2%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.
On a daily basis, UPGD closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +15.6%, while the worst single day was Mar 16, 2020 at -14.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.65% | 3.62% | -8.31% | 6.20% | 5.86% | -1.79% | 8.74% | ||||||
| 2025 | 3.77% | 0.32% | -2.71% | -2.95% | 3.67% | 0.75% | 1.72% | 2.57% | 1.14% | -1.23% | 1.33% | 0.42% | 8.89% |
| 2024 | -1.68% | 5.86% | 2.89% | -2.94% | 1.95% | 0.02% | 4.44% | 2.83% | 2.18% | -2.04% | 7.48% | -7.49% | 13.28% |
| 2023 | 10.38% | -2.47% | -5.04% | -0.33% | -2.90% | 8.55% | 4.76% | -3.81% | -4.96% | -5.59% | 7.94% | 10.34% | 15.65% |
| 2022 | -5.27% | 0.31% | 2.21% | -7.80% | 0.27% | -9.39% | 11.43% | -0.74% | -10.46% | 9.20% | 2.81% | -4.04% | -13.17% |
| 2021 | 2.38% | 7.61% | 3.13% | 4.95% | 0.29% | 0.97% | -3.41% | 2.02% | -0.90% | 5.35% | -3.89% | 3.93% | 24.09% |
Benchmark Metrics
Invesco Bloomberg Analyst Rating Improvers ETF has an annualized alpha of -0.31%, beta of 1.04, and R2 of 0.73 versus S&P 500 Index. Calculated based on daily prices since May 19, 2006.
- This ETF participated in 113.79% of S&P 500 Index downside but only 110.70% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.04 and R2 of 0.73, 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
- -0.31%
- Beta
- 1.04
- R²
- 0.73
- Upside Capture
- 110.70%
- Downside Capture
- 113.79%
Expense Ratio
UPGD has an expense ratio of 0.40%, placing it in the medium range.
Return for Risk
Risk / Return Rank
UPGD ranks 37 for risk / return — below 37% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco Bloomberg Analyst Rating Improvers ETF (UPGD) 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.
| UPGD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.37 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 2.78 | -1.00 |
| Martin ratioReturn relative to average drawdown | 6.13 | 12.44 | -6.31 |
Dividends
Dividend History
Invesco Bloomberg Analyst Rating Improvers ETF provided a 1.61% dividend yield over the last twelve months, with an annual payout of $1.29 per share. The fund has been increasing its distributions for 6 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.29 | $1.29 | $0.88 | $0.86 | $0.39 | $0.33 | $0.14 | $0.10 | $0.52 | $0.00 | $0.59 | $0.30 |
Dividend yield | 1.61% | 1.75% | 1.28% | 1.39% | 0.72% | 0.52% | 0.28% | 0.20% | 1.43% | 0.00% | 1.55% | 0.93% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco Bloomberg Analyst Rating Improvers 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.29 | $1.29 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.88 | $0.88 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.86 | $0.86 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 | $0.39 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.33 |
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 Bloomberg Analyst Rating Improvers 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 Bloomberg Analyst Rating Improvers ETF was 60.74%, occurring on Nov 20, 2008. Recovery took 512 trading sessions.
The current Invesco Bloomberg Analyst Rating Improvers ETF drawdown is 2.28%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -60.74%Nov 2008 | 2y 6mo | 2y 13d | 4y 6moMay 2006 - Dec 2010 |
COVID crash2020 | -50.20%Mar 2020 | 1y 6mo | 8mo 20d | 2y 3moAug 2018 - Dec 2020 |
2011 bear market2011 | -28.87%Oct 2011 | 5mo 4d | 5mo 14d | 10mo 18dMay 2011 - Mar 2012 |
2016 bear market2016 | -27.28%Feb 2016 | 7mo 22d | 9mo 11d | 1y 4moJun 2015 - Nov 2016 |
Bear market2022 | -24.31%Jun 2022 | 7mo 8d | 1y 8mo | 2y 3moNov 2021 - Feb 2024 |
Drawdown Indicators
| UPGD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.74% | -56.78% | -3.96% |
Max Drawdown (1Y)Largest decline over 1 year | -10.01% | -9.10% | -0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -16.90% | -18.90% | +2.00% |
Max Drawdown (5Y)Largest decline over 5 years | -24.31% | -25.43% | +1.12% |
Max Drawdown (10Y)Largest decline over 10 years | -50.20% | -33.92% | -16.28% |
Current DrawdownCurrent decline from peak | -2.28% | -1.80% | -0.48% |
Average DrawdownAverage peak-to-trough decline | -10.24% | -10.71% | +0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 2.03% | +0.89% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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