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Launched · SEC filings

Invesco BuyBack Achievers ETF

PKWNasdaqInvescoD

$151.40+0.87 (+0.57%)

At close: Nov 2, 2026, 4:00 PM ET

D35/ 100

Rank 23 of 30 in US Factor Index

D35/100Rank 23 of 30inUS Factor Index
Intraday session: up, 79 prints from 150.53 to 151.40. Range 151.19 to 152.22. Use the arrow keys to read each point.151.00152.0010 AM12 PM2 PM4 PM
Expense ratio
0.63%
Fund size
$1.77B
1Y total return
+16.9%
Yield · Last 12 months
0.64%
Holdings
287
Avg volume · 30D
29K sh
52W range
low $125.47high $154.72
Launched
Filings
SEC EDGAR

The ETF.net PKW Grade

Based on 5 of 6 pillars

D

Score 35 out of 100

Category
US Factor Index⁠
Rank
23 of 30
Six-pillar profile for PKW. Scores out of 100: Cost 0, Risk 67, Mission not scored, Tradability 66, Holdings 38, Durability 60. Strongest: Risk (67). Weakest: Cost (0). Based on 5 of 6 pillars.

Score 35 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F0 out of 100
    Rank 30 of 30

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B67 out of 100
    Rank 8 of 30

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B66 out of 100
    Rank 9 of 30

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D38 out of 100
    Rank 24 of 30

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B60 out of 100
    Rank 11 of 30

Our read on PKW

ETF.net Research

In short

DA buyback fund with a real bar to clear: companies must have shrunk their net share count by 5% or more over the past year. PKW has tracked that same index since 2006, for 0.63%.

Stated mandate

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

  • The screen counts net share reduction, 5% or more over the trailing 12 months, so repurchases cancelled out by fresh stock issuance don't qualify.nasdaqomx.com
  • Roughly 300 names, reconstituted each January and rebalanced quarterly as companies fall off the buyback wagon. Distributions land quarterly.invesco.com
  • Trading since 2006 on an index that launched the same day, and now a multi-billion-dollar fund. A long public track record, not a backtest.nasdaqomx.com
  • Index candidates must also clear a liquidity screen: $500,000 average daily value traded in each of the three months leading into reconstitution.nasdaqomx.com

Worth knowing

  • At 0.63%, it sits above the typical US factor fund, and well above index peers like MGV at 0.05% or SIZE at 0.15%.
  • Thinly traded next to the category's heavyweights, so limit orders earn their keep, especially in fast markets.
  • The filter looks backward: it rewards buybacks already completed, and a shrinking share count says nothing about why management chose to shrink it.nasdaqomx.com

PKW Performance

Launched Dec 20, 2006

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

PKW$11,687
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. PKW $11,687. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025May 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for PKW. Periods over one year show the average yearly return.
PeriodPKW
Year to date+12.6%
1 month+5.2%
3 months+2.6%
1 year+16.9%
3 yearsper year+21.7%
5 yearsper year+11.0%
10 yearsper year+13.7%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for PKW
YearReturn barPKW
2026 YTD+12.6%
2025+17.9%
2024+17.3%
2023+17.2%
2022−10.2%
2021+32.6%
2020+8.4%

PKW in the news

PKW Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
0.64%Last 12 months
Payout per share
$0.97Last 12 months
Last payment
$0.22 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 38 payments from 2017 to 2026 YTD. Jun 16, 2017 $0.11; Sep 18, 2017 $0.15; Dec 18, 2017 $0.12; Mar 19, 2018 $0.08; Jun 18, 2018 $0.21; Sep 24, 2018 $0.18; Dec 24, 2018 $0.21; Mar 18, 2019 $0.13; Jun 24, 2019 $0.27; Sep 23, 2019 $0.25; Dec 23, 2019 $0.25; Mar 23, 2020 $0.29; Jun 22, 2020 $0.34; Sep 21, 2020 $0.23; Dec 21, 2020 $0.23; Mar 22, 2021 $0.20; Jun 21, 2021 $0.19; Sep 20, 2021 $0.13; Dec 20, 2021 $0.18; Mar 21, 2022 $0.22; Jun 21, 2022 $0.27; Sep 19, 2022 $0.27; Dec 19, 2022 $0.27; Mar 20, 2023 $0.30; Jun 20, 2023 $0.26; Sep 18, 2023 $0.22; Dec 18, 2023 $0.38; Mar 18, 2024 $0.31; Jun 24, 2024 $0.22; Sep 23, 2024 $0.23; Dec 23, 2024 $0.22; Mar 24, 2025 $0.31; Jun 23, 2025 $0.37; Sep 22, 2025 $0.38; Dec 22, 2025 $0.27; Mar 23, 2026 $0.22; Jun 22, 2026 $0.26; Sep 21, 2026 $0.22. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 21, 2026Sep 25, 2026$0.22
Jun 22, 2026Jun 26, 2026$0.26
Mar 23, 2026Mar 27, 2026$0.22
Dec 22, 2025Dec 26, 2025$0.27
Sep 22, 2025Sep 26, 2025$0.38
Jun 23, 2025Jun 27, 2025$0.37
Mar 24, 2025Mar 28, 2025$0.31
Dec 23, 2024Dec 27, 2024$0.22
Sep 23, 2024Sep 27, 2024$0.23
Jun 24, 2024Jun 28, 2024$0.22
Mar 18, 2024Mar 22, 2024$0.31
Dec 18, 2023Dec 22, 2023$0.38

See all 74 payments⁠

$10,000 in PKW 10 years ago paid $2,011 in dividends.⁠

PKW Risk

Risk pillarB67 out of 100Rank 8 of 30 in US Factor Index
How much the fund’s monthly returns vary, scaled to a year.
14.5%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
1.13
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−23.5%
Trough Sep 2022
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.

How strongly the fund’s returns move with its asset-class index.
0.82
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

PKW Cost

Compare PKW and MGV

Overpaying vs MGV, cheapest in US Factor Index

$11,299

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • PKW 0.63%

    $12,359

  • MGV 0.05% Cheapest

    $1,060

$10,000
30 years

Cost over time

  • PKW 0.63%
  • MGV 0.05%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530PKW $12,359MGV $1,060

Year by year

YearPKWMGVOverpaying
10$1,128$92$1,036
20$4,311$360$3,951
30$12,359$1,060$11,299

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