IPKW vs. AS
IPKW (Invesco International BuyBack Achievers™ ETF) is Global Equities fund tracking the NASDAQ International BuyBack Achievers Index, while AS (Amer Sports, Inc) is a stock. Over the past year, IPKW returned 23.37% vs -2.15% for AS. At a 0.38 correlation, their price movements are largely independent.
Performance
IPKW vs. AS - Performance Comparison
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Returns By Period
In the year-to-date period, IPKW achieves a 5.48% return, which is significantly higher than AS's -5.06% return.
IPKW
- 1D
- 0.03%
- 1M
- -1.22%
- YTD
- 5.48%
- 6M
- 7.67%
- 1Y
- 23.37%
- 3Y*
- 22.77%
- 5Y*
- 9.12%
- 10Y*
- 11.93%
AS
- 1D
- -0.39%
- 1M
- 6.39%
- YTD
- -5.06%
- 6M
- -7.56%
- 1Y
- -2.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IPKW vs. AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IPKW Invesco International BuyBack Achievers™ ETF | 5.48% | 45.50% | 13.47% |
AS Amer Sports, Inc | -5.06% | 33.58% | 108.66% |
Correlation
The correlation between IPKW and AS is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024 | 0.38 |
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Return for Risk
IPKW vs. AS — Risk / Return Rank
IPKW
AS
IPKW vs. AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco International BuyBack Achievers™ ETF (IPKW) and Amer Sports, Inc (AS). 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.
| IPKW | AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.68 | ||
| Sortino ratioReturn per unit of downside risk | +2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.01 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | -0.18 | +2.67 |
| Martin ratioReturn relative to average drawdown | 8.37 | -0.36 | +8.73 |
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Drawdowns
IPKW vs. AS - Drawdown Comparison
The maximum IPKW drawdown since its inception was -47.24%, which is greater than AS's maximum drawdown of -40.71%. Use the drawdown chart below to compare losses from any high point for IPKW and AS.
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Drawdown Indicators
| IPKW | AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.24% | -40.71% | -6.53% |
Max Drawdown (1Y)Largest decline over 1 year | -9.14% | -28.78% | +19.64% |
Max Drawdown (3Y)Largest decline over 3 years | -17.77% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.67% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -47.24% | — | — |
Current DrawdownCurrent decline from peak | -3.00% | -15.49% | +12.49% |
Average DrawdownAverage peak-to-trough decline | -8.98% | -13.29% | +4.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.72% | 14.56% | -11.84% |
Volatility
IPKW vs. AS - Volatility Comparison
The current volatility for Invesco International BuyBack Achievers™ ETF (IPKW) is 4.33%, while Amer Sports, Inc (AS) has a volatility of 10.17%. This indicates that IPKW experiences smaller price fluctuations and is considered to be less risky than AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IPKW | AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 10.17% | -5.84% |
Volatility (6M)Calculated over the trailing 6-month period | 12.27% | 29.10% | -16.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.68% | 41.31% | -26.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.06% | 49.55% | -32.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.90% | 49.55% | -31.65% |
Dividends
IPKW vs. AS - Dividend Comparison
IPKW's dividend yield for the trailing twelve months is around 3.54%, while AS has not paid dividends to shareholders.
| 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 | 3.54% | 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
IPKW and AS have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AS has higher volatility (10.17%) compared to IPKW (4.33%). In terms of maximum drawdown, IPKW dropped -47.24% vs AS's -40.71%.
IPKW currently has the higher Sharpe Ratio (1.55 vs -0.13), 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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