Invesco RAFI Emerging Markets ETF
$29.39−0.38 (−1.28%)
- Expense ratio
- 0.47%
- Fund size
- $2.1B
- 1Y return
- +23.0%
- Yield · Last 12 months
- 3.90%
- Holdings
- 357
- Volume · 30D
- 0.2M sh
- NAV per share
- $29.83
- 52W range
The ETF.net PXH Grade
Score 55 of 100 sits in the B 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 44Category 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 57Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 68Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 58Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 76Category rank
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
- 357
- 29%
- 2330.TW
Sectors
- Financials26.9%
- Technology21.9%
- Energy11.8%
- Materials11.6%
- Consumer Discr.10.1%
- Communication5.7%
- Industrials4.8%
- Cons. Staples2.8%
- Utilities2.1%
- Real Estate1.5%
- Health Care0.9%
Geography
- China30.52%
- Taiwan (Province of China)27.82%
- Brazil11.78%
- India9.00%
- South Africa4.86%
- Hong Kong3.70%
- Thailand3.37%
- Mexico3.07%
- 5.89%
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.
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 | PXH |
|---|---|
| Year to date | +18.5% |
| 1 month | +2.5% |
| 3 months | +4.1% |
| 1 year | +23.0% |
| 3 years | +23.1% |
| 5 years | +11.1% |
| 10 years | +9.3% |
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 | +18.5% | |
| 2025 | +31.4% | |
| 2024 | +12.1% | |
| 2023 | +14.0% | |
| 2022 | −15.2% | |
| 2021 | +8.4% | |
| 2020 | −1.9% |
PXH in the news
ETF.net Research hasn’t filed on PXH yet — coverage lands here as it’s written.
PXH Dividends
- 3.90%
- $1.16
- $0.32 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 25, 2026 | $0.32 |
| Jun 22, 2026 | Jun 26, 2026 | $0.37 |
| Mar 23, 2026 | Mar 27, 2026 | $0.09 |
| Dec 22, 2025 | Dec 26, 2025 | $0.38 |
| Sep 22, 2025 | Sep 26, 2025 | $0.38 |
| Jun 23, 2025 | Jun 27, 2025 | $0.16 |
| Mar 24, 2025 | Mar 28, 2025 | $0.12 |
| Dec 23, 2024 | Dec 27, 2024 | $0.20 |
| Sep 23, 2024 | Sep 27, 2024 | $0.34 |
| Jun 24, 2024 | Jun 28, 2024 | $0.30 |
| Mar 18, 2024 | Mar 22, 2024 | $0.06 |
| Dec 18, 2023 | Dec 22, 2023 | $0.17 |
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.
- 1.46
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
- The middle half of Emerging Markets Factor Index funds
- Median 0.45%
5 of the 10 Emerging Markets Factor Index funds charge less.