IPKW
Invesco International BuyBack Achievers ETF
Invesco International BuyBack Achievers Portfolio is an exchange-traded fund incorporated in the USA. The Fund is based on the NASDAQ International BuyBack AchieversTM Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index.
International
EQUITY
Passive
MANAGEMENT STYLE
391.6 M
ASSETS UNDER MGMT
55 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 24, 2014 |
| Assets (mns) | $392 |
| Expense ratio | 55 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Grantor Trust |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Share Buybacks |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| HSBC HOLDINGS PLC | 5.3 % |
| DBS GROUP HOLDINGS LTD | 5.3 % |
| UNICREDIT S.P.A. | 5.1 % |
| SHELL PLC | 4.7 % |
| BP PLC | 3.9 % |
| BARCLAYS PLC | 3.1 % |
| LLOYDS BANKING GROUP PLC | 2.9 % |
| KUAISHOU TECHNOLOGY CLASS B | 2.8 % |
| NASPERS LTD | 2.8 % |
| NATIONAL GRID PLC | 2.8 % |
Constituent Breakdown
| Number of holdings | 139 |
| Herfindahl-Hirschman Index | 243 |
| Wgt avg mkt cap (mns) | $63,472 |
| Large cap (>$10bn) | 78.8% |
| Mid cap ($2-10bn) | 12.7% |
| Small cap (<$2bn) | 3.7% |
| Developed mkts. | 85.8% |
| Emerging mkts. | 9.5% |
Country Exposure
 |
BRITAIN | 29.4 % |
 |
JAPAN | 17.9 % |
 |
CHINA | 7.4 % |
 |
CANADA | 7.1 % |
 |
IRELAND | 6.9 % |
 |
NETHERLANDS | 5.3 % |
 |
SINGAPORE | 5.3 % |
 |
GERMANY | 5.1 % |
 |
ITALY | 5.1 % |
 |
SOUTH KOREA | 1.4 % |
Historical Performance
Standardized Performance (as of 11/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 36.5% | 31.5% | 22.2% | 17.4% | 8.2% | 7.3% | -- | 6.8% |
| Dividend Yield | 0.8% | 0.7% | 2.3% | 2.6% | 3.8% | 3.1% | -- | 2.8% |
| Total Returns | 37.3% | 32.3% | 24.6% | 20.0% | 12.0% | 10.4% | -- | 9.6% | Ann. Volatility | 18.3% | 18.0% | 16.4% | 15.9% | 16.9% | 18.0% | -- | 17.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.67 | 53% |
| MSCI EAFE | 0.97 | 80% |
| MSCI Emg Mkts | 0.81 | 62% |
Liquidity Measures
| Avg. volume (000) | 36 |
| ADV traded (mns) | $2 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.27% |
Technical Indicators
| 30d moving avg. (EMA) | $52.83 |
| Relative strength (RSI) | 59 |
| MACD/Signal | 0.21/0.14 |
| Bollinger Bands (Upper/Lower) | $54.67/$51.38 |
| Short interest (% of AUM) | 0.6% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. IPKW |
Expenses vs. IPKW |
ALTAR Score™ vs. IPKW |
|---|---|---|---|---|
| EWU | iShares MSCI United Kingdom ETF | 26.3% | -5 bp | +7.8% |
| EUFN | iShares MSCI Europe Financials ETF | 22.4% | -4 bp | +7.7% |
| FLGB | Franklin FTSE United Kingdom ETF | 19.1% | -46 bp | +7.2% |
| IVLU | iShares MSCI Intl Value Factor ETF | 14.6% | -25 bp | +9.5% |
| RFDI | First Trust Riverfront Dynamic Developed International ETF | 13.7% | +28 bp | +8.9% |
| FDD | First Trust Stoxx European Select Dividend Index Fund | 13.1% | +3 bp | +11.1% |
| EFV | iShares MSCI EAFE Value ETF | 13.0% | -21 bp | +8.5% |
| FYLD | Cambria Foreign Shareholder Yield ETF | 12.8% | +4 bp | +11.1% |
| IDMO | Invesco S&P International Developed Momentum ETF | 12.6% | -30 bp | +5.9% |
| FKU | First Trust United Kingdom AlphaDEX Fund | 12.3% | +25 bp | +7.5% |
Risk and Returns: IPKW vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/2/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
IPKW
8.7%
Cat. Avg
6.8%
ALTAR Score™ Calculation
Category Overview
There are 269 funds in the International Equity category, with an average ALTAR Score™
of 6.8% and a standard deviation of
1.8%. IPKW's ALTAR Score™ is approximately
1.1 standard deviations
above
the category average. This places IPKW in the 86th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
IPKWSELL
U/W
HOLD
O/W
BUY