AS vs. IPKW
AS (Amer Sports, Inc) is a stock, while IPKW (Invesco International BuyBack Achievers™ ETF) is Global Equities fund tracking the NASDAQ International BuyBack Achievers Index. Over the past year, AS returned -10.46% vs 22.78% for IPKW. At a 0.38 correlation, their price movements are largely independent.
Performance
AS vs. IPKW - Performance Comparison
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Returns By Period
In the year-to-date period, AS achieves a -8.57% return, which is significantly lower than IPKW's 6.34% return.
AS
- 1D
- -1.87%
- 1M
- -3.69%
- 6M
- -10.11%
- YTD
- -8.57%
- 1Y
- -10.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IPKW
- 1D
- -0.46%
- 1M
- 0.82%
- 6M
- 4.12%
- YTD
- 6.34%
- 1Y
- 22.78%
- 3Y*
- 22.07%
- 5Y*
- 9.95%
- 10Y*
- 11.64%
AS vs. IPKW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AS Amer Sports, Inc | -8.57% | 33.58% | 108.66% |
IPKW Invesco International BuyBack Achievers™ ETF | 6.34% | 45.50% | 13.47% |
Correlation
The correlation between AS and IPKW is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024 | 0.38 |
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Return for Risk
AS vs. IPKW — Risk / Return Rank
AS
IPKW
AS vs. IPKW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amer Sports, Inc (AS) and Invesco International BuyBack Achievers™ ETF (IPKW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| AS | IPKW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -2.31 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.28 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.36 | 2.50 | -2.87 |
| Martin ratioReturn relative to average drawdown | -0.68 | 7.84 | -8.52 |
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Drawdowns
AS vs. IPKW - Drawdown Comparison
The maximum AS drawdown since its inception was -40.71%, smaller than the maximum IPKW drawdown of -47.24%. Use the drawdown chart below to compare losses from any high point for AS and IPKW.
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Drawdown Indicators
| AS | IPKW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.71% | -47.24% | +6.53% |
Max Drawdown (1Y)Largest decline over 1 year | -28.78% | -9.14% | -19.64% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.77% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.56% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.24% | — |
Current DrawdownCurrent decline from peak | -18.61% | -2.21% | -16.40% |
Average DrawdownAverage peak-to-trough decline | -13.42% | -8.95% | -4.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.31% | 2.91% | +12.40% |
Volatility
AS vs. IPKW - Volatility Comparison
Amer Sports, Inc (AS) has a higher volatility of 11.09% compared to Invesco International BuyBack Achievers™ ETF (IPKW) at 4.01%. This indicates that AS's price experiences larger fluctuations and is considered to be riskier than IPKW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AS | IPKW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.09% | 4.01% | +7.08% |
Volatility (6M)Calculated over the trailing 6-month period | 29.85% | 12.41% | +17.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.58% | 14.82% | +26.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.16% | 17.03% | +32.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.16% | 17.74% | +31.42% |
Dividends
AS vs. IPKW - Dividend Comparison
AS has not paid dividends to shareholders, while IPKW's dividend yield for the trailing twelve months is around 3.53%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AS Amer Sports, Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IPKW Invesco International BuyBack Achievers™ ETF | 3.53% | 3.55% | 4.12% | 2.66% | 3.77% | 7.37% | 1.45% | 2.41% | 2.61% | 0.93% | 2.82% | 1.31% |
Frequently Asked Questions
AS and IPKW have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AS has higher volatility (11.09%) compared to IPKW (4.01%). In terms of maximum drawdown, AS dropped -40.71% vs IPKW's -47.24%.
IPKW currently has the higher Sharpe Ratio (1.55 vs -0.25), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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