IPKW vs. VIG

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco International BuyBack Achievers™ ETF (IPKW) and Vanguard Dividend Appreciation ETF (VIG).

IPKW and VIG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IPKW is a passively managed fund by Invesco that tracks the performance of the NASDAQ International BuyBack Achievers Index. It was launched on Feb 27, 2014. VIG is a passively managed fund by Vanguard that tracks the performance of the NASDAQ US Dividend Achievers Select Index. It was launched on Dec 19, 2013. Both IPKW and VIG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IPKW vs. VIG - Performance Comparison

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

IPKW vs. VIG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IPKW Invesco International BuyBack Achievers™ ETF	2.30%	45.50%	10.56%	15.12%	-12.81%	11.41%	16.18%	20.26%	-21.59%	34.21%
VIG Vanguard Dividend Appreciation ETF	-1.77%	14.17%	16.99%	14.51%	-9.80%	23.76%	15.43%	29.62%	-2.08%	22.22%

Returns By Period

In the year-to-date period, IPKW achieves a 2.30% return, which is significantly higher than VIG's -1.77% return. Over the past 10 years, IPKW has underperformed VIG with an annualized return of 11.25%, while VIG has yielded a comparatively higher 12.25% annualized return.

IPKW

• 1D: 3.40%
• 1M: -4.67%
• YTD: 2.30%
• 6M: 9.34%
• 1Y: 28.10%
• 3Y*: 22.46%
• 5Y*: 10.25%
• 10Y*: 11.25%

VIG

• 1D: 2.07%
• 1M: -5.18%
• YTD: -1.77%
• 6M: 0.45%
• 1Y: 12.67%
• 3Y*: 13.80%
• 5Y*: 9.76%
• 10Y*: 12.25%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IPKW vs. VIG - Expense Ratio Comparison

IPKW has a 0.55% expense ratio, which is higher than VIG's 0.04% expense ratio.

IPKW

Invesco International BuyBack Achievers™ ETF

VIG

Vanguard Dividend Appreciation ETF

Return for Risk

IPKW vs. VIG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IPKW

IPKW Risk / Return Rank: 80
IPKW Sharpe Ratio Rank: 82
IPKW Sortino Ratio Rank: 81
IPKW Omega Ratio Rank: 85
IPKW Calmar Ratio Rank: 73
IPKW Martin Ratio Rank: 81

VIG

VIG Risk / Return Rank: 55
VIG Sharpe Ratio Rank: 50
VIG Sortino Ratio Rank: 52
VIG Omega Ratio Rank: 53
VIG Calmar Ratio Rank: 57
VIG Martin Ratio Rank: 63

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.

IPKW vs. VIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco International BuyBack Achievers™ ETF (IPKW) and Vanguard Dividend Appreciation ETF (VIG). 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.

	IPKW	VIG	Difference
Sharpe ratio Return per unit of total volatility	1.54	0.83	+0.71
Sortino ratio Return per unit of downside risk	2.06	1.28	+0.78
Omega ratio Gain probability vs. loss probability	1.33	1.18	+0.14
Calmar ratio Return relative to maximum drawdown	1.81	1.28	+0.53
Martin ratio Return relative to average drawdown	8.74	5.73	+3.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IPKW vs. VIG - Sharpe Ratio Comparison

The current IPKW Sharpe Ratio is 1.54, which is higher than the VIG Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of IPKW and VIG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IPKW	VIG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.54	0.83	+0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.69	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	0.77	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.57	+0.01

Correlation

The correlation between IPKW and VIG is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IPKW vs. VIG - Dividend Comparison

IPKW's dividend yield for the trailing twelve months is around 3.65%, more than VIG's 1.61% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IPKW Invesco International BuyBack Achievers™ ETF	3.65%	3.55%	4.12%	2.66%	3.77%	7.37%	1.45%	2.41%	2.61%	0.93%	2.82%	1.31%
VIG Vanguard Dividend Appreciation ETF	1.61%	1.62%	1.73%	1.88%	1.96%	1.55%	1.63%	1.71%	2.08%	1.88%	2.14%	2.34%

Drawdowns

IPKW vs. VIG - Drawdown Comparison

The maximum IPKW drawdown since its inception was -47.24%, roughly equal to the maximum VIG drawdown of -46.81%. Use the drawdown chart below to compare losses from any high point for IPKW and VIG.

Drawdown Indicators

	IPKW	VIG	Difference
Max Drawdown Largest peak-to-trough decline	-47.24%	-46.81%	-0.43%
Max Drawdown (1Y) Largest decline over 1 year	-15.27%	-10.83%	-4.44%
Max Drawdown (5Y) Largest decline over 5 years	-33.18%	-20.39%	-12.79%
Max Drawdown (10Y) Largest decline over 10 years	-47.24%	-31.72%	-15.52%
Current Drawdown Current decline from peak	-5.72%	-6.00%	+0.28%
Average Drawdown Average peak-to-trough decline	-9.09%	-5.55%	-3.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	2.42%	+0.75%

Volatility

IPKW vs. VIG - Volatility Comparison

Invesco International BuyBack Achievers™ ETF (IPKW) has a higher volatility of 7.41% compared to Vanguard Dividend Appreciation ETF (VIG) at 4.07%. This indicates that IPKW's price experiences larger fluctuations and is considered to be riskier than VIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IPKW	VIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.41%	4.07%	+3.34%
Volatility (6M) Calculated over the trailing 6-month period	11.43%	7.84%	+3.59%
Volatility (1Y) Calculated over the trailing 1-year period	18.31%	15.31%	+3.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.01%	14.26%	+2.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.88%	16.05%	+1.83%