Invesco BuyBack Achievers ETF
$145.58−0.32 (−0.22%)
- Expense ratio
- 0.63%
- Fund size
- $1.7B
- 1Y return
- +11.8%
- Yield · Last 12 months
- 0.66%
- Holdings
- 287
- Volume · 30D
- 0M sh
- NAV per share
- $148.11
- 52W range
The ETF.net PKW Grade
Score 34 of 100 sits in the D 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.FScore 0Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 60Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 67Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 36Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 62Category rank
Our read on PKW
DThe original buyback fund, running since 2006 on one blunt rule: own US companies that cut their share count by at least 5% over the past year. Not a dividend fund with buybacks bolted on, but a pure share-shrinkage screen.
The fund seeks exposure to the Nasdaq US BuyBack Achievers Index by normally investing at least 90% of assets in the common stocks comprising that index.
Why people hold it
- One rule, no committee. The index holds US companies that have shrunk shares outstanding by 5% or more over the trailing twelve months. Nothing else buys its way in.indexes.nasdaqomx.com
- Launched December 2006 alongside the index it tracks, giving it a live record through 2008 and everything after. The elder statesman of the buyback shelf.indexes.nasdaqomx.com
- Spread across roughly 220 names, with at least 90% of assets normally in index constituents, so no single repurchase program carries the fund.
Worth knowing
- At 0.62% a year it costs more than the typical index wrapper in its group, and plain broad-market funds like SCHK or VOOV charge a small fraction of that.
- The screen counts shares retired, not cash paid out. Distributions arrive quarterly, but income is a byproduct here rather than the point.indexes.nasdaqomx.com
- Volume is lighter than the headline index funds, so the bid-ask spread is worth a glance before trading.
PKW Holdings
- Stocks
- 287
- 42%
- CRM
Sectors
- Financials39.6%
- Technology17.1%
- Consumer Discr.12.4%
- Energy8.9%
- Industrials8.4%
- Health Care7.5%
- Cons. Staples2.8%
- Communication1.9%
- Materials1.1%
- Real Estate0.4%
Geography
- United States92.50%
- Ireland3.65%
- Bermuda2.48%
- Puerto Rico0.51%
- China0.50%
- Switzerland0.30%
- United Kingdom0.06%
PKW 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 | PKW |
|---|---|
| Year to date | +9.2% |
| 1 month | −3.3% |
| 3 months | +5.4% |
| 1 year | +11.8% |
| 3 years | +18.5% |
| 5 years | +11.1% |
| 10 years | +13.2% |
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 | PKW |
|---|---|---|
| 2026 YTD | +9.2% | |
| 2025 | +17.9% | |
| 2024 | +17.3% | |
| 2023 | +17.2% | |
| 2022 | −10.2% | |
| 2021 | +32.6% | |
| 2020 | +8.4% |
PKW in the news
ETF.net Research hasn’t filed on PKW yet — coverage lands here as it’s written.
PKW Dividends
- 0.66%
- $0.97
- $0.22 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 25, 2026 | $0.22 |
| Jun 22, 2026 | Jun 26, 2026 | $0.26 |
| Mar 23, 2026 | Mar 27, 2026 | $0.22 |
| Dec 22, 2025 | Dec 26, 2025 | $0.27 |
| Sep 22, 2025 | Sep 26, 2025 | $0.38 |
| Jun 23, 2025 | Jun 27, 2025 | $0.37 |
| Mar 24, 2025 | Mar 28, 2025 | $0.31 |
| Dec 23, 2024 | Dec 27, 2024 | $0.22 |
| Sep 23, 2024 | Sep 27, 2024 | $0.23 |
| Jun 24, 2024 | Jun 28, 2024 | $0.22 |
| Mar 18, 2024 | Mar 22, 2024 | $0.31 |
| Dec 18, 2023 | Dec 22, 2023 | $0.38 |
PKW Risk
- 14.4%
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.
- 0.97
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.
- −23.5%
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.
- 0.82
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PKW Cost
- The middle half of US Factor Index funds
- Median 0.30%
Every other US Factor Index fund charges less.