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BUYB.L vs. IPKW
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BUYB.L vs. IPKW

Last updated Jun 4, 2026

BUYB.L (Invesco Global Buyback Achievers UCITS ETF) and IPKW (Invesco International BuyBack Achievers™ ETF) are both Global Equities funds from Invesco - BUYB.L tracks the MSCI ACWI NR USD while IPKW tracks the NASDAQ International BuyBack Achievers Index. Both are passively managed. Over the past 10 years, BUYB.L returned 12.23%/yr vs 11.44%/yr for IPKW. A 0.63 correlation means they provide meaningful diversification when combined. BUYB.L charges 0.39%/yr vs 0.55%/yr for IPKW.

Performance

BUYB.L vs. IPKW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Global Buyback Achievers UCITS ETF (BUYB.L) and Invesco International BuyBack Achievers™ ETF (IPKW). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BUYB.L achieves a 5.15% return, which is significantly lower than IPKW's 6.08% return. Over the past 10 years, BUYB.L has outperformed IPKW with an annualized return of 12.23%, while IPKW has yielded a comparatively lower 11.44% annualized return.

BUYB.L

1D
-0.59%
1M
-0.48%
YTD
5.15%
6M
8.31%
1Y
23.43%
3Y*
21.39%
5Y*
9.61%
10Y*
12.23%

IPKW

1D
-1.07%
1M
0.86%
YTD
6.08%
6M
9.96%
1Y
26.14%
3Y*
23.62%
5Y*
9.19%
10Y*
11.44%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BUYB.L vs. IPKW - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
BUYB.L
Invesco Global Buyback Achievers UCITS ETF		5.15%30.80%12.99%15.60%-11.41%19.77%12.17%29.44%-14.23%21.28%
IPKW
Invesco International BuyBack Achievers™ ETF		6.08%45.50%10.56%15.12%-12.81%11.41%16.18%20.26%-21.59%34.21%

Correlation

The correlation between BUYB.L and IPKW is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.61

Correlation (3Y)
Calculated over the trailing 3-year period

0.61

Correlation (5Y)
Calculated over the trailing 5-year period

0.63

Correlation (10Y)
Calculated over the trailing 10-year period

0.63

Correlation (All Time)
Calculated using the full available price history since Oct 29, 2014

0.63

The correlation between BUYB.L and IPKW has been stable across timeframes, ranging from 0.61 to 0.63 - a consistent structural relationship.

BUYB.L vs. IPKW - Sectors Allocation Comparison

Sectors
BUYB.L
IPKW

Financial Services

32.9%
32.3%

Energy

17.1%
21.4%

Consumer Cyclical

15.8%
15.8%

Industrials

11.0%
11.4%

Technology

7.6%
3.8%

Healthcare

5.5%
1.0%

Communication Services

4.1%
6.3%

Utilities

2.2%
3.5%

Consumer Defensive

1.9%
0.4%

Basic Materials

1.4%
2.9%

Real Estate

0.5%
1.1%

Financial Services

BUYB.L
32.9%
IPKW
32.3%

Energy

BUYB.L
17.1%
IPKW
21.4%

Consumer Cyclical

BUYB.L
15.8%
IPKW
15.8%

Industrials

BUYB.L
11.0%
IPKW
11.4%

Technology

BUYB.L
7.6%
IPKW
3.8%

Healthcare

BUYB.L
5.5%
IPKW
1.0%

Communication Services

BUYB.L
4.1%
IPKW
6.3%

Utilities

BUYB.L
2.2%
IPKW
3.5%

Consumer Defensive

BUYB.L
1.9%
IPKW
0.4%

Basic Materials

BUYB.L
1.4%
IPKW
2.9%

Real Estate

BUYB.L
0.5%
IPKW
1.1%

Compare stocks, funds, or ETFs

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Invesco Global Buyback Achievers UCITS ETF

Invesco International BuyBack Achievers™ ETF

Often compared with BUYB.L:
BUYB.L vs. BBCK.DEBUYB.L vs. SBUY.LBUYB.L vs. PKWBUYB.L vs. QQQBUYB.L vs. BYBU.LBUYB.L vs. VOOBUYB.L vs. IWF
Often compared with IPKW:
IPKW vs. VOOIPKW vs. DFIVIPKW vs. VIGIPKW vs. SPYIPKW vs. BKIEIPKW vs. IDVOIPKW vs. IQLT

Return for Risk

BUYB.L vs. IPKW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BUYB.L
BUYB.L Risk / Return Rank: 6161
Overall Rank
BUYB.L Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
BUYB.L Sortino Ratio Rank: 6161
Sortino Ratio Rank
BUYB.L Omega Ratio Rank: 5555
Omega Ratio Rank
BUYB.L Calmar Ratio Rank: 7070
Calmar Ratio Rank
BUYB.L Martin Ratio Rank: 6262
Martin Ratio Rank
IPKW
IPKW Risk / Return Rank: 5454
Overall Rank
IPKW Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
IPKW Sortino Ratio Rank: 5353
Sortino Ratio Rank
IPKW Omega Ratio Rank: 5353
Omega Ratio Rank
IPKW Calmar Ratio Rank: 5858
Calmar Ratio Rank
IPKW Martin Ratio Rank: 5656
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BUYB.L vs. IPKW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Global Buyback Achievers UCITS ETF (BUYB.L) 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.

BUYB.LIPKWDifference
Sharpe ratioReturn per unit of total volatility
1.95
1.84

+0.11

Sortino ratioReturn per unit of downside risk
2.88
2.58

+0.29

Omega ratioGain probability vs. loss probability

1.34

1.33

+0.01

Calmar ratioReturn relative to maximum drawdown

3.50

2.87

+0.62

Martin ratioReturn relative to average drawdown

11.25

9.91

+1.34

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BUYB.L vs. IPKW - Sharpe Ratio Comparison

The current BUYB.L Sharpe Ratio is 1.95, which is comparable to the IPKW Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of BUYB.L and IPKW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

BUYB.LIPKWDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.95

1.84

+0.11

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.59

0.54

+0.05

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.72

0.64

+0.08

Sharpe Ratio (All Time)

Calculated using the full available price history

0.67

0.60

+0.08

Drawdowns

BUYB.L vs. IPKW - Drawdown Comparison

The maximum BUYB.L drawdown since its inception was -38.99%, smaller than the maximum IPKW drawdown of -47.24%. Use the drawdown chart below to compare losses from any high point for BUYB.L and IPKW.

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Drawdown Indicators

BUYB.LIPKWDifference

Max Drawdown

Largest peak-to-trough decline

-38.99%

-47.24%

+8.25%

Max Drawdown (1Y)

Largest decline over 1 year

-6.67%

-9.14%

+2.47%

Max Drawdown (3Y)

Largest decline over 3 years

-16.63%

-17.77%

+1.14%

Max Drawdown (5Y)

Largest decline over 5 years

-26.43%

-33.18%

+6.75%

Max Drawdown (10Y)

Largest decline over 10 years

-38.99%

-47.24%

+8.25%

Current Drawdown

Current decline from peak

-1.25%

-2.45%

+1.20%

Average Drawdown

Average peak-to-trough decline

-5.73%

-9.00%

+3.27%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.08%

2.64%

-0.56%

Volatility

BUYB.L vs. IPKW - Volatility Comparison

The current volatility for Invesco Global Buyback Achievers UCITS ETF (BUYB.L) is 3.20%, while Invesco International BuyBack Achievers™ ETF (IPKW) has a volatility of 4.37%. This indicates that BUYB.L experiences smaller price fluctuations and is considered to be less risky 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

BUYB.LIPKWDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.20%

4.37%

-1.17%

Volatility (6M)

Calculated over the trailing 6-month period

8.85%

11.86%

-3.01%

Volatility (1Y)

Calculated over the trailing 1-year period

12.01%

14.31%

-2.30%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.18%

17.01%

-0.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.98%

17.91%

-0.93%

BUYB.L vs. IPKW - Expense Ratio Comparison

BUYB.L has a 0.39% expense ratio, which is lower than IPKW's 0.55% expense ratio.

Dividends

BUYB.L vs. IPKW - Dividend Comparison

BUYB.L's dividend yield for the trailing twelve months is around 1.71%, less than IPKW's 3.52% yield.

PositionTTM20252024202320222021202020192018201720162015
BUYB.L
Invesco Global Buyback Achievers UCITS ETF		1.71%1.85%1.84%1.71%1.92%1.22%1.51%1.84%1.35%1.18%1.72%1.30%
IPKW
Invesco International BuyBack Achievers™ ETF		3.52%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

BUYB.L and IPKW have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, BUYB.L is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

BUYB.L is cheaper with a 0.39% expense ratio, compared with 0.55% for IPKW.

BUYB.L tracks MSCI ACWI NR USD, while IPKW tracks NASDAQ International BuyBack Achievers Index. Their fees differ too: 0.39% for BUYB.L and 0.55% for IPKW.

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