PXH
Invesco FTSE RAFI Emerging Markets ETF
Invesco FTSE RAFI Emerging Markets Portfolio seeks investment results that correspond to the FTSE RAFI Emerging Markets Index.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 2.0 B
ASSETS UNDER MGMT
47 bp
EXPENSES
Fund Basics
| Inception date | Sep 27, 2007 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TAIWAN SEMICONDUCTOR MANUFAC | 7.0 % |
| PETROBRAS - PETROLEO BRAS-PR | 3.8 % |
| RELIANCE INDS-SPONS GDR 144A | 3.3 % |
| HON HAI PRECISION INDUSTRY | 3.0 % |
| ALIBABA GROUP HOLDING LTD. | 2.6 % |
| CHINA CONSTRUCTION BANK-H | 2.6 % |
| VALE SA | 2.5 % |
| MEDIATEK INC | 2.4 % |
| TENCENT HOLDINGS LTD | 1.8 % |
| IND & COMM BK OF CHINA - H | 1.6 % |
Constituent Breakdown
| Number of holdings | 403 |
| Herfindahl-Hirschman Index | 142 |
| Wgt avg mkt cap (mns) | $224,571 |
| Large cap (>$10bn) | 79.1% |
| Mid cap ($2-10bn) | 15.5% |
| Small cap (<$2bn) | 1.5% |
| Developed mkts. | 3.7% |
| Emerging mkts. | 93.8% |
Sector Breakdown
Country Exposure
 |
CHINA | 28.7 % |
 |
TAIWAN | 28.1 % |
 |
BRAZIL | 10.7 % |
 |
INDIA | 10.7 % |
 |
SOUTH AFRICA | 4.3 % |
 |
HONG KONG | 3.5 % |
 |
MEXICO | 2.7 % |
 |
THAILAND | 2.6 % |
 |
SAUDI ARABIA | 2.0 % |
 |
TURKEY | 1.3 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 12.6% | 14.4% | 15.1% | 17.7% | 5.4% | 5.0% | -- | 0.6% |
| Dividend Yield | 3.1% | 4.9% | 4.7% | 4.9% | 5.1% | 4.2% | -- | 3.2% |
| Total Returns | 15.8% | 19.3% | 19.7% | 22.6% | 10.5% | 9.2% | -- | 3.7% | Ann. Volatility | 17.2% | 16.4% | 18.2% | 17.4% | 17.8% | 19.7% | -- | 26.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.97 | 59% |
| MSCI EAFE | 0.83 | 65% |
| MSCI Emg Mkts | 0.58 | 80% |
Liquidity Measures
| Avg. volume (000) | 227 |
| ADV traded (mns) | $6 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.22% |
Technical Indicators
| 30d moving avg. (EMA) | $29.26 |
| Relative strength (RSI) | 46 |
| MACD/Signal | -0.07/0.02 |
| Bollinger Bands (Upper/Lower) | $29.90/$28.70 |
| Short interest (% of AUM) | 2.3% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. PXH |
Expenses vs. PXH |
ALTAR Score™ vs. PXH |
|---|---|---|---|---|
| FNDE | Schwab Fundamental Emerging Markets Large Co. Index ETF | 72.4% | -8 bp | +1.2% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 48.4% | +11 bp | -2.7% |
| SCHE | Schwab Emerging Markets Equity ETF | 45.7% | -41 bp | -2.3% |
| VWO | Vanguard FTSE Emerging Markets ETF | 43.6% | -41 bp | -2.9% |
| GMF | SPDR S&P Emerging Asia Pacific ETF | 42.7% | +2 bp | -4.0% |
| HEEM | iShares Currency Hedged MSCI Emerging Markets ETF | 42.6% | +104 bp | -4.1% |
| EEM | iShares MSCI Emerging Markets ETF | 42.4% | +25 bp | -3.6% |
| MFEM | PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF | 42.3% | +3 bp | -4.7% |
| SPEM | SPDR Portfolio Emerging Markets ETF | 42.1% | -40 bp | -2.9% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 42.1% | -32 bp | -2.9% |
Risk and Returns: PXH 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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| 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 | 2025 | 2026 | 2027 | |
| 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 11/1/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
12.8%
ALTAR SCORE™
98th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 210 funds in the Emerging Equity category with an average
ALTAR Score™ of 8.2% and a standard deviation
of 2.3%. PXH's ALTAR Score™ is approximately 2.1 standard
deviations above the category average. This places PXH in the 98th percentile
among funds in the category.
Sell-Side Consensus
$37.01
PRICE TARGET
+31.9%
UPSIDE