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IPKW vs VDG

Invesco International BuyBack Achievers ETF

IPKWCNasdaq

Vanguard Developed Markets ex US Growth Index ETF

VDGBCboe

Overlap

3.2%by weight

Expense ratio

VDG −0.47pt a year

IPKW0.55%VDG0.08%

Avg volume · 30D

IPKW 6.7×the volume

IPKW44.2KVDG6.6K

IPKW vs VDG Performance

Jul 31, 2026 – Oct 30, 2026

−0.8%IPKW−3.5%VDG

Jul 31, 2026 to Oct 30, 2026. IPKW −0.8%. VDG −3.5%. Use the arrow keys to read each point.−2%2%4%Jul 2026Sep 2026Oct 2026
Expense ratio
IPKW 0.55%
VDG 0.08%, better
Fund size
IPKW $571M
VDG $47M
1Y total return
IPKW +18.0%
VDG No data
Yield (12M)
IPKW 3.35%
VDG No data
Holdings
IPKW 177
VDG 593
Avg volume (30D)
IPKW 44.2K sh, better
VDG 6.6K sh
NAV per share
IPKW $59.80
VDG $75.96
52W range

ETF.net Grade

IPKW: Cost 25, Risk 50, Mission not scored, Tradability 65, Holdings 27, Durability 55. VDG: Cost 100, Risk 33, Mission not scored, Tradability 6, Holdings 63, Durability 27.
Pillar letters and Scores for IPKW, VDG, with each pillar’s weight
PillarIPKWVDG
Cost30% weightD25A100Higher
Mission25% weightNot scoredNot scored
Risk15% weightC50HigherD33
Tradability15% weightB65HigherF6
Holdings10% weightD27B63Higher
Durability5% weightB55HigherD27

Rank among International Factor Index funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. IPKW and VDG are both graded against the same 15 International Factor Index funds, so their Grades compare head to head.

International Factor Index⁠

Category · 15 funds
See all 15 ›

VDG ranks 7th and IPKW 12th of 15 funds in the International Factor Index Category.

  1. Rank 7BIMTMiShares MSCI Intl Momentum Factor ETFScore 58
  2. Rank 7BVDGVanguard Developed Markets ex US Growth Index ETFScore 58
  3. Rank 9CGMOIGMO International Value ETFScore 52
  4. Rank 11CFYLDCambria Foreign Shareholder Yield ETFScore 50
  5. Rank 12CIPKWInvesco International BuyBack Achievers ETFScore 40
  6. Rank 12CVEFAVanEck MSCI EAFE Analyst Sentiment ETFScore 40

Our read on each fund

ETF.net Research

IPKWCInvesco International BuyBack Achievers ETF

VDGBVanguard Developed Markets ex US Growth Index ETF

In short

IPKW Buybacks are an American obsession. IPKW exports the screen: non-US companies that actually shrank their share count by 5% or more in their latest fiscal year, roughly 160 of them, in one ticker.

VDG No data

Stated mandate

IPKW The fund tracks an index of common stocks of foreign companies that satisfy the requirements for classification as BuyBack AchieversTM.

VDG No data

Why people hold it

  • IPKW The overseas counterpart to Invesco's US buyback fund: same core test, non-US companies. A niche corner of the ETF shelf that few issuers bother to fill.invesco.com
  • The rule is checkable, not a black box: a net 5% cut in shares outstanding in the latest fiscal year, plus $250M minimum market cap and $1M average daily dollar volume.sec.govnasdaq.com
  • Spread across roughly 160 names instead of a handful of big repurchasers, with distributions paid quarterly.
  • Running since 2014, so the strategy has a decade-plus of live track record behind it rather than a backtest.

VDG No data

Worth knowing

  • IPKW 0.55% a year is a premium price in factor land, where broad peers like MGV (0.05%) and SIZE (0.15%) charge a sliver of that.
  • The screen looks backward. It rewards repurchases already booked in the last fiscal year, and the roster only changes on the index's scheduled rebalance dates.sec.govnasdaq.com
  • It trades lightly next to mainstream international funds, so spreads and order type carry more weight at the point of trade.

VDG No data

Full IPKW profile⁠

Full VDG profile⁠

IPKW vs VDG Holdings

How IPKW and VDG differ

Overlap by weight

3.2%

Shared holdings make up 33.5% of IPKW and 3.2% of VDG.

Level by level

  • Holdings16 in both3.2%
  • Countryby domicile58.9%
  • Asset classEquity100%

Sector

No Sector split for VDG.

Country, concentration and asset class

Country by domicile

Country weights in IPKW and VDG, widest gap first
CountryMore in IPKWMore in VDG
United KingdomIPKW +12.3 points
JapanIPKW +9.2 points
South KoreaVDG +8.4 points
ChinaIPKW +7.1 points
GermanyVDG +6.3 points
CanadaVDG +5.2 points
AustraliaVDG +5.1 points
NorwayIPKW +3.4 points
Other countries (26)VDG +6.9 points

Outside the US: IPKW 90% developed, 10% emerging. VDG 90% developed, 10% emerging.

Concentration

Weight in the 10 largest Holdings

  • IPKW44.4%
  • VDG22.4%

Securities held

  • IPKW174
  • VDG578

Asset class

IPKW
Equity
VDG
Equity

Holdings

  • Only in IPKW158
  • In both16
  • Only in VDG562

Only in IPKW

158 securities, 66.1% of IPKW by weight

  • Mitsubishi Corp5.37%
  • ING Groep NV4.72%
  • Meituan4.64%

Only in VDG

562 securities, 96.8% of VDG by weight

  • SK hynix Inc4.84%
  • ASML Holding NV4.44%
  • Samsung Electronics Co Ltd2.34%

Weight gaps

All 16 Holdings in both funds, largest gap first.

Holding weights in IPKW and VDG, widest gap first
HoldingMore in IPKWMore in VDG
Shell PLCSHEL.LIPKW +5.52 points
Standard Chartered PLCSTAN.LIPKW +4.38 points
Novartis AGIPKW +3.71 points
Shin-Etsu Chemical Co LtdIPKW +3.65 points
ArcelorMittal SAIPKW +2.27 points
Sompo Holdings IncIPKW +2.13 points
Geberit AGIPKW +1.82 points
International Consolidated Airlines Group SAIAG.LIPKW +1.44 points

All 174 IPKW holdings⁠All VDG holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IPKW vs VDG Cost

Overpaying IPKW vs VDG

$9,215

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

  • IPKW 0.55%

    $10,904

  • VDG 0.08%

    $1,689

$10,000
30 years

Cost over time

  • IPKW 0.55%
  • VDG 0.08%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530IPKW $10,904VDG $1,689

Year by year

YearIPKWVDGOverpaying
10$988$147$841
20$3,790$575$3,215
30$10,904$1,689$9,215

Expense ratio

  • 0.55%IPKW
  • 0.08%VDG, cheaper
  • Middle half of International Factor Index funds
  • Median 0.34%

VDG cheapest of 15 funds

IPKW 11th cheapest of 15 funds

IPKW vs VDG Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
IPKW 3.35%
VDG No data
Payout (12M)
IPKW $2.00
VDG No data
Last payment
IPKW $0.25
VDG $0.27
Ex-dividend
IPKW Sep 21, 2026
VDG Sep 18, 2026
Paid on
IPKW Sep 25, 2026
VDG Sep 22, 2026
Frequency
IPKW Quarterly
VDG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IPKWQuarterly · 38 paymentsAll IPKW payments⁠
One bar per payment. 38 payments from 2017 to 2026 YTD. Jun 16, 2017 $0.09; Sep 18, 2017 $0.02; Dec 18, 2017 $0.24; Mar 19, 2018 $0.09; Jun 18, 2018 $0.22; Sep 24, 2018 $0.18; Dec 24, 2018 $0.26; Mar 18, 2019 $0.08; Jun 24, 2019 $0.27; Sep 23, 2019 $0.32; Dec 23, 2019 $0.14; Mar 23, 2020 $0.25; Jun 22, 2020 $0.08; Sep 21, 2020 $0.14; Dec 21, 2020 $0.09; Mar 22, 2021 $0.21; Jun 21, 2021 $0.20; Sep 20, 2021 $0.23; Dec 20, 2021 $2.29; Mar 21, 2022 $0.29; Jun 21, 2022 $0.59; Sep 19, 2022 $0.29; Dec 19, 2022 $0.09; Mar 20, 2023 $0.41; Jun 20, 2023 $0.20; Sep 18, 2023 $0.23; Dec 18, 2023 $0.16; Mar 18, 2024 $0.37; Jun 24, 2024 $0.38; Sep 23, 2024 $0.36; Dec 23, 2024 $0.52; Mar 24, 2025 $0.49; Jun 23, 2025 $0.46; Sep 22, 2025 $0.29; Dec 22, 2025 $0.74; Mar 23, 2026 $0.57; Jun 22, 2026 $0.45; Sep 21, 2026 $0.25. Use the arrow keys to read each point.$0$2.502017202020232026YTD
VDGQuarterly · 2 paymentsAll VDG payments⁠
One bar per payment. 2 payments from 2017 to 2026 YTD. Jun 18, 2026 $0.25; Sep 18, 2026 $0.27. Use the arrow keys to read each point.$0$2.502017202020232026YTD

IPKW vs VDG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
IPKW 12.1%VDG No data
Return per unit of riskSharpe ratio, 3 years
IPKW 1.61VDG No data
Worst fallMax drawdown, 5 years
IPKW −29.6%VDG No data
Market sensitivityBeta, 5 years
IPKW 0.65VDG 0.94

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