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Invesco Bloomberg Analyst Rating Improvers ETF

UPGDNYSE ArcaD

$81.87+0.45 (+0.55%)

As of Oct 13, 2026, 3:59 PM

D33/ 100

Rank 23 of 30 in US Factor Index

D33/100Rank 23 of 30inUS Factor Index
Intraday session: up, 61 prints from 81.42 to 81.87. Range 81.19 to 81.89. Use the arrow keys to read each point.81.2081.6010 AM12 PM2 PM4 PM
Expense ratio
0.40%
Fund size
$110M
1Y total return
+13.1%
Yield · Last 12 months
1.59%
Holdings
53
Avg volume · 30D
0M sh
NAV per share
$81.58
52W range
low $70.85high $84.73
Launched

The ETF.net UPGD Grade

Based on 5 of 6 pillars

D

Score 33 out of 100

Category
US Factor Index⁠
Rank
23 of 30
Six-pillar profile for UPGD. Scores out of 100: Cost 26, Risk 50, Mission not scored, Tradability 11, Holdings 60, Durability 43. Strongest: Holdings (60). Weakest: Tradability (11). Based on 5 of 6 pillars.

Score 33 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.
    D26 out of 100
    Rank 22 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.
    C50 out of 100
    Rank 16 of 30

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F11 out of 100
    Rank 29 of 30

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B60 out of 100
    Rank 12 of 30

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C43 out of 100
    Rank 23 of 30

Our read on UPGD

ETF.net Research

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%.

Stated mandate

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

  1. 01Costs 0.40% a year, comfortably under the 0.65% median for active US equity funds in its peer group.
  2. 02The 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
  3. 03A 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.
  4. 04Lands 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

  1. 01Thinly traded, so spreads can be wider than on household-name funds and a big order can nudge the price.
  2. 02Analyst 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.
  3. 03Cheaper 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

As of Oct 12, 2026
Asset class
Stocks
Holdings
53
Top-10 weight
24%
Largest holding
BE2.8%

Sectors

  • Industrials25.9%
  • Consumer Discretionary22.8%
  • Technology15.6%
  • Consumer Staples13.4%
  • Health Care11.0%
  • Utilities5.7%
  • Materials3.6%
  • Energy1.9%

Geography

  • United States96.25%
  • Ireland1.89%
  • Netherlands1.86%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001BEBloom Energy Corp2.78%10,951$3M335
002ILMNIllumina Inc2.78%11,035$3M322
003FFIVF5 Inc2.57%5,911$3M331
004NTAPNetApp Inc2.50%11,636$3M417
005INTCIntel Corp2.31%24,387$3M511
006EBAYeBay Inc2.24%22,047$2M369
007TSLATesla Inc2.23%6,442$2M521
008MTDMettler-Toledo International Inc2.23%1,586$2M273
009TXNTexas Instruments Inc2.17%8,457$2M503
010EXPDExpeditors International of Washington Inc2.12%12,135$2M316
011MARMarriott International Inc/MD2.09%6,294$2M343
012SYMSymbotic Inc2.08%53,853$2M90
013CNCCentene Corp2.07%34,968$2M326
014OXYOccidental Petroleum Corp2.05%37,662$2M318
015ELEstee Lauder Cos Inc/The2.05%23,085$2M283

Showing 1–15 of 53 holdings

UPGD Performance

Launched May 19, 2006

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

UPGD$11,310
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. UPGD $11,310. SPY $12,044. Use the arrow keys to read each point.$9,470$10,860$12,251Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

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.

Trailing total return for UPGD. Periods over one year show the average yearly return.
PeriodUPGD
Year to date+10.2%
1 month+0.5%
3 months−1.2%
1 year+13.1%
3 yearsper year+16.3%
5 yearsper year+7.0%
10 yearsper year+9.4%

As of the close, 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 UPGD
YearReturn barUPGD
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

Filtered to UPGD · US Factor Index

UPGD 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 12, 2026.
1.59%Last 12 months
Payout per share
$1.29Last 12 months
Last payment
$1.29 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2017–2026

One bar per payment. 8 payments from 2017 to 2026 YTD. Dec 24, 2018 $0.52; Dec 23, 2019 $0.10; Dec 21, 2020 $0.14; Dec 20, 2021 $0.33; Dec 19, 2022 $0.39; Dec 18, 2023 $0.86; Dec 23, 2024 $0.88; Dec 22, 2025 $1.29. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 22, 2025Dec 26, 2025$1.29
Dec 23, 2024Dec 27, 2024$0.88
Dec 18, 2023Dec 22, 2023$0.86
Dec 19, 2022Dec 23, 2022$0.39
Dec 20, 2021Dec 31, 2021$0.33
Dec 21, 2020Dec 31, 2020$0.14
Dec 23, 2019Dec 31, 2019$0.10
Dec 24, 2018Dec 31, 2018$0.52
Dec 23, 2016Data unavailable$0.60
Dec 24, 2015Data unavailable$0.30
Dec 24, 2014Data unavailable$0.09
Dec 24, 2013Data unavailable$0.11

UPGD Risk

How much the fund’s monthly returns vary, scaled to a year.
14.3%
Annualised · 36 months to Sep 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.
0.70
vs 3-month T-bills · to Sep 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.
−24.3%
Trough Jun 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.
0.95
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.

UPGD Cost

Expense ratio0.40%
  • The middle half of US Factor Index funds
  • Median 0.30%

21 of the 30 US Factor Index funds charge less.

UPGD costs $40.00 a year on $10,000. The median US Factor Index fund costs $30.00.

Other funds in US Factor Index

See others