Invesco RAFI Emerging Markets ETF
$29.75+0.09 (+0.30%)
- 0.47%
- $2.1B
- +26.6%
- 3.91%
- 0.2M sh
- $29.68
- low $24.81high $30.35
The ETF.net PXH Grade
B
Score 56 out of 100
- 4 of 10
Score 56 of 100 falls in the B 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.C44 out of 100Rank 6 of 10Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B59 out of 100Rank 5 of 10Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A73 out of 100Rank 3 of 10Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B59 out of 100Rank 4 of 10Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A76 out of 100Rank 3 of 10
Our read on PXH
BMost emerging-markets funds size positions by share price. PXH sizes them by economic footprint (sales, cash flow, dividends, book value), the fundamental-indexing approach it has run since 2007. A value-tilted EM portfolio built from the accounting statements up.
The Fund seeks to track, before fees and expenses, the investment results of the RAFI strategy.
Why people hold it
- Position sizes come from book value, cash flow, sales and dividends, not market price, so a stock rallying does not automatically earn a bigger slot in the fund.invesco.comlseg.com
- Running since 2007, one of the longest-lived fundamental-index plays in emerging markets, now at billion-dollar scale and moderately traded.
- Roughly 400 stocks across emerging markets, paid out quarterly. Broad coverage rather than a concentrated country or sector bet.
Worth knowing
- At 0.47% it costs a shade more than the 0.45% median index tracker, and multiples of the cheapest broad index funds (VT charges 0.06%).
- Weighting by fundamentals means the portfolio can look very different from cap-weighted EM benchmarks, and move differently from them for long stretches.lseg.cominvesco.com
- The benchmark switched in 2025 (it was the FTSE RAFI Emerging Index before), so the fund's long history predates today's selection rules.invesco.com
PXH Holdings
- Stocks
- 364
- 29%
- 2330.TW
Sectors
- Financials27.0%
- Technology22.2%
- Energy12.2%
- Materials10.7%
- Consumer Discretionary9.6%
- Communication5.6%
- Industrials5.1%
- Consumer Staples2.8%
- Utilities2.2%
- Real Estate1.5%
- Health Care1.1%
Geography
- China31.65%
- Taiwan (Province of China)26.64%
- Brazil12.78%
- India9.30%
- South Africa4.39%
- Hong Kong3.52%
- Thailand3.14%
- Mexico2.91%
- 5.67%
Developed 5% · Emerging 95%
PXH Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
PXH$12,661
Returns run to the Oct 12, 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 | PXH |
|---|---|
| Year to date | +18.1% |
| 1 month | +0.4% |
| 3 months | +5.2% |
| 1 year | +26.6% |
| 3 years | +23.4% |
| 5 years | +10.6% |
| 10 years | +9.2% |
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 | PXH |
|---|---|---|
| 2026 YTD | +18.1% | |
| 2025 | +31.4% | |
| 2024 | +12.1% | |
| 2023 | +14.0% | |
| 2022 | −15.2% | |
| 2021 | +8.4% | |
| 2020 | −1.9% |
PXH in the news
PXH Dividends
- 3.91%
- $1.16
- $0.32 per share
- Quarterly
Distribution history
PXH Risk
- 11.2%
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.
- 1.49
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.
- −29.6%
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.
- 0.76
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PXH Cost
0.47%
PXH0.47%
- The middle half of Emerging Markets Factor Index funds
- Median 0.45%
5 of the 10 Emerging Markets Factor Index funds charge less.
Other funds in Emerging Markets Factor Index
- BEELVInvesco S&P Emerging Markets Low Volatility ETFExpense ratio 0.29%1 year return +12.7%
- BFNDESchwab Fundamental Emerging Markets Large Company Index ETFExpense ratio 0.39%1 year return +28.3%
- CBLESInspire Global Hope ETFExpense ratio 0.60%1 year return +16.7%
- CEEMOInvesco S&P Emerging Markets Momentum ETFExpense ratio 0.29%1 year return +32.4%
- CDEHPDimensional - Emerging Markets High Profitability ETFExpense ratio 0.44%1 year return +37.2%