Invesco Golden Dragon China ETF
$22.26−0.21 (−0.95%)
- Expense ratio
- 0.70%
- Fund size
- $87M
- 1Y return
- −30.7%
- Yield · Last 12 months
- 1.92%
- Holdings
- 66
- Volume · 30D
- 0M sh
- NAV per share
- $22.42
- 52W range
The ETF.net PGJ Grade
Score 51 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 41Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.BScore 69Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.FScore 22Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 70Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 39Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 74Category rank
Our read on PGJ
CMost China funds route you through Hong Kong or mainland listings. PGJ takes the other door: it holds Chinese companies that list their shares in the US, tracking a Nasdaq index built around that single screen. It has done it that way since 2004.
The fund is based on the NASDAQ Golden Dragon China Index and provides China-focused equity exposure.
Why people hold it
- Holds Chinese businesses whose stock trades on US exchanges, largely ADRs. US-market plumbing, US settlement, no Hong Kong or mainland access required.indexes.nasdaqomx.comindexes.nasdaqomx.com
- Launched in 2004, one of the longer-running China ETFs available, and tied to the same Nasdaq Golden Dragon China Index the entire time.invesco.com
- The US-listing rule narrows the field to roughly 70 names, a different slice of China than broad-market trackers like MCHI or GXC pull in. Pays quarterly.
Worth knowing
- 0.70% a year sits at the China-fund median but several times what broad index rivals like FLCH (0.19%) and JCHI (0.15%) charge.
- That US-listing screen cuts both ways. The prospectus flags US government action, including delisting Chinese companies from US exchanges, as a risk to these holdings.regulated-documents.saytechnologies.com
- Trades thinly next to the giants of the China category, so spreads and order size carry more weight.
PGJ Holdings
- Stocks
- 66
- 58%
- YUMC
Sectors
- Consumer Discr.43.5%
- Technology20.0%
- Communication17.0%
- Cons. Staples9.4%
- Financials3.1%
- Industrials2.5%
- Real Estate2.5%
- Health Care1.0%
- Energy0.8%
- Materials0.0%
Geography
- China97.92%
- Canada0.57%
- United States0.55%
- Hong Kong0.47%
- United Kingdom0.25%
- Singapore0.24%
Developed 2% · Emerging 98%
PGJ Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | PGJ |
|---|---|
| Year to date | −21.2% |
| 1 month | −7.0% |
| 3 months | −1.9% |
| 1 year | −30.7% |
| 3 years | −2.4% |
| 5 years | −10.2% |
| 10 years | −2.4% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | PGJ |
|---|---|---|
| 2026 YTD | −21.2% | |
| 2025 | +13.7% | |
| 2024 | +5.8% | |
| 2023 | −2.3% | |
| 2022 | −24.5% | |
| 2021 | −42.9% | |
| 2020 | +54.2% |
PGJ in the news
ETF.net Research hasn’t filed on PGJ yet — coverage lands here as it’s written.
PGJ Dividends
- 1.92%
- $0.43
- $0.15 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 25, 2026 | $0.15 |
| Jun 22, 2026 | Jun 26, 2026 | $0.07 |
| Mar 23, 2026 | Mar 27, 2026 | $0.01 |
| Dec 22, 2025 | Dec 26, 2025 | $0.20 |
| Sep 22, 2025 | Sep 26, 2025 | $0.48 |
| Jun 23, 2025 | Jun 27, 2025 | $0.21 |
| Mar 24, 2025 | Mar 28, 2025 | $0.07 |
| Dec 23, 2024 | Dec 27, 2024 | $0.07 |
| Sep 23, 2024 | Sep 27, 2024 | $0.15 |
| Jun 24, 2024 | Jun 28, 2024 | $1.01 |
| Dec 18, 2023 | Dec 22, 2023 | $0.40 |
| Sep 18, 2023 | Sep 22, 2023 | $0.14 |
PGJ Risk
- 28.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.14
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −61.5%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.85
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PGJ Cost
- The middle half of China funds
- Median 0.65%
17 of the 28 China funds charge less.