Invesco Bloomberg Analyst Rating Improvers ETF
$81.26−0.32 (−0.39%)
- Expense ratio
- 0.40%
- Fund size
- $117M
- 1Y return
- +10.9%
- Yield · Last 12 months
- 1.58%
- Holdings
- 50
- Volume · 30D
- 0M sh
- NAV per share
- $81.12
- 52W range
The ETF.net UPGD Grade
Score 32 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.DScore 26Category 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.CScore 46Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 11Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 61Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 43Category rank
Our read on UPGD
DMost equity funds screen for cheap or profitable. UPGD screens for improving: about 50 US large and mid caps whose analyst recommendations are trending up, run as a rules-based index at 0.40%.
The fund is tied to the Bloomberg ANR Improvers Index, which selects 50 companies from the Bloomberg US Large Mid Universe using analyst-recommendation improvement scores.
Why people hold it
- Costs 0.40% a year, comfortably under the 0.65% median for active US equity funds in its peer group.
- The Bloomberg ANR Improvers Index does the picking: 50 names drawn from Bloomberg's US large and mid cap universe on analyst-recommendation improvement scores. Rules, not a stock picker's mood.invesco.com
- A rare factor in a crowded aisle. Plenty of funds chase value, quality or momentum; few build the portfolio around the direction analyst sentiment is moving.
- Lands in the top quartile of its US active-equity cohort on our overall read, helped by low cost and a clean, transparent portfolio.
Worth knowing
- Thinly traded, so spreads can be wider than on household-name funds and a big order can nudge the price.
- Analyst sentiment is the whole engine. With about 50 holdings, individual names carry real weight and the fund can tilt hard toward wherever upgrades are clustering.
- Cheaper than the active median, not cheap outright: broad core options such as DFAU (0.12%) and AVLC (0.15%) charge a fraction of it.
UPGD Holdings
- Stocks
- 50
- 23%
- BE
Sectors
- Consumer Discr.24.6%
- Industrials23.3%
- Cons. Staples20.0%
- Technology12.3%
- Utilities7.3%
- Health Care7.1%
- Materials3.7%
- Communication1.9%
Geography
- United States96.12%
- Ireland1.94%
- Netherlands1.94%
UPGD 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 | UPGD |
|---|---|
| Year to date | +10.2% |
| 1 month | −3.1% |
| 3 months | +1.4% |
| 1 year | +10.9% |
| 3 years | +15.1% |
| 5 years | +7.7% |
| 10 years | +9.4% |
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 | UPGD |
|---|---|---|
| 2026 YTD | +10.2% | |
| 2025 | +8.9% | |
| 2024 | +13.3% | |
| 2023 | +15.7% | |
| 2022 | −13.2% | |
| 2021 | +24.1% | |
| 2020 | +6.2% |
UPGD in the news
ETF.net Research hasn’t filed on UPGD yet — coverage lands here as it’s written.
UPGD Dividends
- 1.58%
- $1.29
- $1.29 per share
- Annual
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Dec 22, 2025 | Dec 26, 2025 | $1.29 |
| Dec 23, 2024 | Dec 27, 2024 | $0.88 |
| Dec 18, 2023 | Dec 22, 2023 | $0.86 |
| Dec 19, 2022 | Dec 23, 2022 | $0.39 |
| Dec 20, 2021 | Dec 31, 2021 | $0.33 |
| Dec 21, 2020 | Dec 31, 2020 | $0.14 |
| Dec 23, 2019 | Dec 31, 2019 | $0.10 |
| Dec 24, 2018 | Dec 31, 2018 | $0.52 |
| Dec 23, 2016 | Data unavailable | $0.60 |
| Dec 24, 2015 | Data unavailable | $0.30 |
| Dec 24, 2014 | Data unavailable | $0.09 |
| Dec 24, 2013 | Data unavailable | $0.11 |
UPGD Risk
- 14.5%
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.
- 0.66
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.
- −24.3%
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.
- 0.93
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
UPGD Cost
- The middle half of US Factor Index funds
- Median 0.30%
20 of the 29 US Factor Index funds charge less.