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Launched · SEC filings

Invesco RAFI Emerging Markets ETF

PXHNYSE ArcaInvescoB

$28.12+0.06 (+0.21%)

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

B57/ 100

Rank 4 of 10 in Emerging Markets Factor Index

B57/100Rank 4 of 10inEmerging Markets Factor Index
Intraday session: up, 79 prints from 28.06 to 28.12. Range 28.05 to 28.39. Use the arrow keys to read each point.28.2028.3028.4010 AM12 PM2 PM4 PM
Expense ratio
0.47%
Fund size
$1.94B
1Y total return
+13.1%
Yield · Last 12 months
4.13%
Holdings
365
Avg volume · 30D
223K sh
52W range
low $25.08high $30.35
Launched
Filings
SEC EDGAR

The ETF.net PXH Grade

Based on 5 of 6 pillars

B

Score 57 out of 100

Category
Emerging Markets Factor Index⁠
Rank
4 of 10
Six-pillar profile for PXH. Scores out of 100: Cost 44, Risk 63, Mission not scored, Tradability 77, Holdings 55, Durability 76. Strongest: Tradability (77). Weakest: Cost (44). Based on 5 of 6 pillars.

Score 57 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 100
    Rank 6 of 10

  • 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.
    B63 out of 100
    Rank 3 of 10

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A77 out of 100
    Rank 1 of 10

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B55 out of 100
    Rank 5 of 10

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A76 out of 100
    Rank 3 of 10

Our read on PXH

ETF.net Research

In short

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.

Stated mandate

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 Performance

Launched Sep 27, 2007

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

PXH$11,307
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. PXH $11,307. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025Apr 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 PXH. Periods over one year show the average yearly return.
PeriodPXH
Year to date+11.7%
1 month−3.5%
3 months−2.2%
1 year+13.1%
3 yearsper year+22.5%
5 yearsper year+9.7%
10 yearsper year+8.3%

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 PXH
YearReturn barPXH
2026 YTD+11.7%
2025+31.4%
2024+12.1%
2023+14.0%
2022−15.2%
2021+8.4%
2020−1.9%

PXH in the news

PXH 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.
4.13%Last 12 months
Payout per share
$1.16Last 12 months
Last payment
$0.32 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. 39 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.01; Jun 16, 2017 $0.11; Sep 18, 2017 $0.34; Dec 18, 2017 $0.15; Mar 19, 2018 $0.03; Jun 18, 2018 $0.16; Sep 24, 2018 $0.37; Dec 24, 2018 $0.09; Mar 18, 2019 $0.04; Jun 24, 2019 $0.19; Sep 23, 2019 $0.38; Dec 23, 2019 $0.11; Mar 23, 2020 $0.06; Jun 22, 2020 $0.19; Sep 21, 2020 $0.27; Dec 21, 2020 $0.07; Mar 22, 2021 $0.02; Jun 21, 2021 $0.23; Sep 20, 2021 $0.31; Dec 20, 2021 $0.46; Mar 21, 2022 $0.05; Jun 21, 2022 $0.39; Sep 19, 2022 $0.39; Dec 19, 2022 $0.11; Mar 20, 2023 $0.13; Jun 20, 2023 $0.27; Sep 18, 2023 $0.36; Dec 18, 2023 $0.17; Mar 18, 2024 $0.06; Jun 24, 2024 $0.30; Sep 23, 2024 $0.34; Dec 23, 2024 $0.20; Mar 24, 2025 $0.12; Jun 23, 2025 $0.16; Sep 22, 2025 $0.38; Dec 22, 2025 $0.38; Mar 23, 2026 $0.09; Jun 22, 2026 $0.37; Sep 21, 2026 $0.32. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 21, 2026Sep 25, 2026$0.32
Jun 22, 2026Jun 26, 2026$0.37
Mar 23, 2026Mar 27, 2026$0.09
Dec 22, 2025Dec 26, 2025$0.38
Sep 22, 2025Sep 26, 2025$0.38
Jun 23, 2025Jun 27, 2025$0.16
Mar 24, 2025Mar 28, 2025$0.12
Dec 23, 2024Dec 27, 2024$0.20
Sep 23, 2024Sep 27, 2024$0.34
Jun 24, 2024Jun 28, 2024$0.30
Mar 18, 2024Mar 22, 2024$0.06
Dec 18, 2023Dec 22, 2023$0.17

See all 72 payments⁠

$10,000 in PXH 10 years ago paid $4,592 in dividends.⁠

PXH Risk

Risk pillarB63 out of 100Rank 3 of 10 in Emerging Markets Factor Index
How much the fund’s monthly returns vary, scaled to a year.
11.2%
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.
1.49
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.
−29.6%
Trough Oct 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.
0.76
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.

PXH Cost

Compare PXH and EEMV

Overpaying vs EEMV, cheapest in Emerging Markets Factor Index

$4,259

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

  • PXH 0.47%

    $9,418

  • EEMV 0.25% Cheapest

    $5,159

$10,000
30 years

Cost over time

  • PXH 0.47%
  • EEMV 0.25%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530PXH $9,418EEMV $5,159

Year by year

YearPXHEEMVOverpaying
10$847$455$392
20$3,261$1,769$1,492
30$9,418$5,159$4,259

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