Skip to Content
ETFs

Invesco Exchange-Traded Fund Trust Invesco BuyBack Achievers ETF

PKW
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Dec 20, 2006
Expense Ratio
0.64%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$4,764,173
AUM
$1,753,745,971
Associated Index
NASDAQ US BuyBack Achievers Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

CMCSA
Comcast Corp - Ordinary Shares - Class A
5.42%
COP
Conoco Phillips
4.56%
AMGN
AMGEN Inc.
4.52%
MS
Morgan Stanley
4.39%
LOW
Lowe`s Cos., Inc.
3.9%
BKNG
Booking Holdings Inc
3.57%
CI
Cigna Group (The)
2.7%
HCA
HCA Healthcare Inc
2.19%
CHTR
Charter Communications Inc. - Ordinary Shares - Class A
2.12%
MPC
Marathon Petroleum Corp
2.06%
Invest with PKW
Trade PKW Options

What is PKW?

The Invesco BuyBack Achievers, ETF (Fund) is based on the NASDAQ US BuyBack Achievers, Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to track the performance of companies that meet the requirements to be classified as BuyBack Achievers,. The NASDAQ US BuyBack Achievers Index is comprised of US securities issued by corporations that have effected a net reduction in shares outstanding of 5% or more in the trailing 12 months. The Fund and the Index are reconstituted annually in January and rebalanced quarterly in January, April, July and October

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

PKW
Performance Measures**

for the time period Dec 20, 2006 to Dec 4, 2025

Returns

1M Trailing Return: 3.4%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 1.5%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -54.6%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 20.1%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.59

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.19

The annualized return divided by the max drawdown for the selected time period.

ETFs related toPKW

ETFs correlated to PKW include DFUV, FEX, PRF

PKW
Invesco Capital Management LLC - Invesco BuyBack Achievers ETF
DFUV
Dimensional ETF Trust - Dimensional US Marketwide Value ETF
FEX
First Trust Exchange-Traded Fund III - First Trust Large Cap Core AlphaDEX Fund
PRF
Invesco Capital Management LLC - Invesco FTSE RAFI US 1000 ETF
IMCV
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Value ETF
IWS
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Value ETF
DFLV
Dimensional ETF Trust - Dimensional US Large Cap Value ETF
JAVA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Active Value ETF
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
ONEY
SPDR Series Trust - SPDR Russell 1000 Yield Focus ETF
IWD
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 Value ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toPKW

Coffee Can Filters and Stop

Category

Tactical allocation, trend-following, mean reversion, momentum, risk-managed, equities/ETFs, volatility-aware

OOS Cumulative Return

10.31%

Hybrid Bitcoin or Alt-Sector Rotation

Category

Bitcoin, momentum, 200-day trend filter, sector rotation, leveraged/inverse ETFs, tactical allocation

OOS Cumulative Return

8.53%

Create your own algorithmic trading strategy with PKW using Composer

FAQ

PKW is a US Equities ETF. The Invesco BuyBack Achievers, ETF (Fund) is based on the NASDAQ US BuyBack Achievers, Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to track the performance of companies that meet the requirements to be classified as BuyBack Achievers,. The NASDAQ US BuyBack Achievers Index is comprised of US securities issued by corporations that have effected a net reduction in shares outstanding of 5% or more in the trailing 12 months. The Fund and the Index are reconstituted annually in January and rebalanced quarterly in January, April, July and October

PKW tracks the NASDAQ US BuyBack Achievers Index.

No, PKW is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, PKW is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PKW is -0.0011%. This is the percent change in the value of PKW over the most recent 1-month period. The 3-month return on PKW is 0.0471%. This is the percent change in the value of PKW over the most recent 3-month period.

The standard deviation of PKW for the past year is 0.1802%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to PKW include VIXY, XYLD, and PTLC.

ETFs correlated to PKW include DFUV, FEX, and PRF.

ETFs that are inversely correlated to PKW include TZA, TWM, and RWM.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.