IMVP vs. STXE
IMVP (Invesco India ETF) and STXE (Strive Emerging Markets Ex-China ETF) are both Emerging Markets Equities funds - IMVP tracks the FTSE India Quality and Yield Select Index while STXE tracks the Bloomberg US 1000 Dividend Growth Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, IMVP returned 2.31%/yr vs 24.25%/yr for STXE. Their 0.55 correlation means they have sometimes moved together and sometimes differently. IMVP charges 0.78%/yr vs 0.32%/yr for STXE.
Performance
IMVP vs. STXE - Performance Comparison
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Returns By Period
In the year-to-date period, IMVP achieves a -13.59% return, which is significantly lower than STXE's 31.89% return.
IMVP
- 1D
- 1.09%
- 1M
- 1.29%
- 6M
- -12.62%
- YTD
- -13.59%
- 1Y
- -11.95%
- 3Y*
- 2.31%
- 5Y*
- 2.53%
- 10Y*
- 7.75%
- ALL TIME*
- 3.41%
STXE
- 1D
- 0.31%
- 1M
- -4.78%
- 6M
- 17.76%
- YTD
- 31.89%
- 1Y
- 56.83%
- 3Y*
- 24.25%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 22.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.34M | $1.44M | $1.19M | |
| $408.52K | $564.14K | $567.10K |
IMVP vs. STXE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IMVP Invesco India ETF | -13.59% | 1.30% | 9.07% | 23.93% |
STXE Strive Emerging Markets Ex-China ETF | 31.89% | 34.23% | 2.09% | 12.38% |
Correlation
The correlation between IMVP and STXE is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2023 | 0.55 |
The correlation between IMVP and STXE has been stable across timeframes, ranging from 0.48 to 0.55 - a consistent structural relationship.
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Return for Risk
IMVP vs. STXE — Risk / Return Rank
IMVP
STXE
IMVP vs. STXE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco India ETF (IMVP) and Strive Emerging Markets Ex-China ETF (STXE). 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.
| IMVP | STXE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.64 | ||
| Sortino ratioReturn per unit of downside risk | -3.41 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.35 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | 2.80 | -3.40 |
| Martin ratioReturn relative to average drawdown | -1.16 | 10.42 | -11.59 |
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Drawdowns
IMVP vs. STXE - Drawdown Comparison
The maximum IMVP drawdown since its inception was -64.54%, which is greater than STXE's maximum drawdown of -20.38%. Use the drawdown chart below to compare losses from any high point for IMVP and STXE.
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Drawdown Indicators
| IMVP | STXE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.54% | -20.38% | -44.16% |
Max Drawdown (1Y)Largest decline over 1 year | -20.00% | -20.38% | +0.38% |
Max Drawdown (3Y)Largest decline over 3 years | -25.80% | -20.38% | -5.42% |
Max Drawdown (5Y)Largest decline over 5 years | -25.80% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.69% | — | — |
Current DrawdownCurrent decline from peak | -21.44% | -14.32% | -7.12% |
Average DrawdownAverage peak-to-trough decline | -16.75% | -3.96% | -12.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.28% | 5.47% | +4.81% |
Volatility
IMVP vs. STXE - Volatility Comparison
The current volatility for Invesco India ETF (IMVP) is 3.39%, while Strive Emerging Markets Ex-China ETF (STXE) has a volatility of 12.86%. This indicates that IMVP experiences smaller price fluctuations and is considered to be less risky than STXE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IMVP | STXE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 12.86% | -9.47% |
Volatility (6M)Calculated over the trailing 6-month period | 14.44% | 28.03% | -13.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.54% | 29.88% | -13.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.17% | 20.16% | -3.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.51% | 20.16% | -0.65% |
IMVP vs. STXE - Expense Ratio Comparison
IMVP has a 0.78% expense ratio, which is higher than STXE's 0.32% expense ratio.
Dividends
IMVP vs. STXE - Dividend Comparison
IMVP's dividend yield for the trailing twelve months is around 11.66%, more than STXE's 1.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMVP Invesco India ETF | 11.66% | 7.39% | 8.48% | 2.08% | 14.07% | 6.95% | 0.72% | 36.35% | 0.96% | 1.01% | 1.18% | 0.61% |
STXE Strive Emerging Markets Ex-China ETF | 1.90% | 2.66% | 3.22% | 1.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IMVP and STXE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
STXE has higher volatility (12.86%) compared to IMVP (3.39%). In terms of maximum drawdown, IMVP dropped -64.54% vs STXE's -20.38%.
On 3-year performance, STXE leads with 24.25% vs 2.31% for IMVP. On fees, STXE is cheaper at 0.32% per year. On volatility, IMVP has been the lower-risk option at 3.39%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, STXE has performed better with a 24.25% return vs 2.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
STXE is cheaper with a 0.32% expense ratio, compared with 0.78% for IMVP.
IMVP has the higher dividend yield at 11.66%, compared with 1.90% for STXE.
IMVP tracks FTSE India Quality and Yield Select Index, while STXE tracks Bloomberg US 1000 Dividend Growth Index - Benchmark TR Gross. They also come from different issuers: Invesco and Strive. Their fees differ too: 0.78% for IMVP and 0.32% for STXE.
STXE currently has the higher Sharpe Ratio (1.92 vs -0.73), 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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