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
243.2 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) | $243 |
| 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 +
| PROSUS N.V. CLASS N | 5.5 % |
| UNICREDIT S.P.A. | 5.5 % |
| SAP AG | 5.2 % |
| HSBC HOLDINGS PLC | 4.9 % |
| TOTAL SA | 4.6 % |
| SHELL PLC | 4.6 % |
| BP PLC | 4.4 % |
| ALIBABA GROUP HOLDING LTD. | 4.1 % |
| BAE SYSTEMS PLC | 3.1 % |
| NATWEST GROUP PLC | 2.8 % |
Constituent Breakdown
| Number of holdings | 120 |
| Herfindahl-Hirschman Index | 276 |
| Wgt avg mkt cap (mns) | $91,419 |
| Large cap (>$10bn) | 79.6% |
| Mid cap ($2-10bn) | 15.5% |
| Small cap (<$2bn) | 3.2% |
| Developed mkts. | 87.9% |
| Emerging mkts. | 12.6% |
Country Exposure
 |
BRITAIN | 29.5 % |
 |
JAPAN | 13.5 % |
 |
NETHERLANDS | 8.9 % |
 |
GERMANY | 7.8 % |
 |
CHINA | 7.6 % |
 |
CANADA | 5.5 % |
 |
ITALY | 5.5 % |
 |
FRANCE | 4.8 % |
 |
SOUTH KOREA | 2.7 % |
 |
NORWAY | 2.4 % |
Historical Performance
Standardized Performance (as of 05/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 19.8% | 14.3% | 20.1% | 8.7% | 11.7% | 5.3% | -- | 5.8% |
| Dividend Yield | 0.0% | 2.1% | 2.7% | 3.2% | 4.0% | 3.1% | -- | 2.9% |
| Total Returns | 19.8% | 16.4% | 22.8% | 11.9% | 15.7% | 8.4% | -- | 8.7% | Ann. Volatility | 24.3% | 19.9% | 17.1% | 18.0% | 17.8% | 18.2% | -- | 17.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.74 | 53% |
| MSCI EAFE | 0.88 | 78% |
| MSCI Emg Mkts | 0.73 | 52% |
Liquidity Measures
| Avg. volume (000) | 77 |
| ADV traded (mns) | $4 |
| Turnover | 1.6% |
| Avg. Bid/Ask (% of price) | 0.24% |
Technical Indicators
| Recent close | $48.88 |
| 30d moving avg. | $47.47 |
| Annualized volatility | 17.2% |
| Relative strength (RSI) | 63 |
| Short interest | 0.7% |
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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| EWU | iShares MSCI United Kingdom ETF | 21.9% | -5 bp | +8.3% |
| FILL | iShares MSCI Global Energy Producers ETF | 16.0% | -16 bp | +11.6% |
| FLGB | Franklin FTSE United Kingdom ETF | 15.2% | -46 bp | +7.7% |
| FEZ | SPDR EURO STOXX 50 ETF | 15.1% | -26 bp | +7.1% |
| FKU | First Trust United Kingdom AlphaDEX Fund | 14.8% | +25 bp | +7.3% |
| IXC | iShares Global Energy ETF | 14.7% | -11 bp | +10.2% |
| EUFN | iShares MSCI Europe Financials ETF | 14.5% | -4 bp | +8.3% |
| RFDI | First Trust Riverfront Dynamic Developed International ETF | 14.5% | +28 bp | +9.5% |
| IDMO | Invesco S&P International Developed Momentum ETF | 13.4% | -30 bp | +5.4% |
| FYLD | Cambria Foreign Shareholder Yield ETF | 13.4% | +4 bp | +11.6% |
Risk and Returns: 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 6/16/2025
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™
13.4%
Cat. Avg
7.3%
ALTAR Score™ Calculation
Category Overview
There are 258 funds in the International Equity category, with an average ALTAR Score™
of 7.3% and a standard deviation of
1.9%. 's ALTAR Score™ is approximately
3.3 standard deviations
above
the category average. This places in the 99th 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
Expense Analysis
| Peer Group | Passive International Equity ETFs |
| # of ETFs | 77 |
| Avg. Expense Ratio | 38.8 bp |
| Std. Deviation | 21.2 bp |
| (55 bp) Percentile rank | 78 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| 55.0 | 0.0 | 55 | |
| Peer Avg. | 44.4 | 20.5 | 64.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .