USA Passive Developed Market

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF

The Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the RAFITM Fundamental Select Developed ex US 1500 Index (the “Underlying Index”).

$44.78

Key Metrics

TER 0.47% per year
Distribution policy Distributing
Fund size USD 389 M
Inception date September 27, 2007
Holdings 1,583
Fund currency USD
Fund domicile US
Provider Invesco
For full official fund details, factsheets, and holdings, visit invesco.com (opens in new tab).

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Historical Return

Last updated: Jul 15, 2026
1 Year +16.8% +3.3% Div
3 Years (avg.) +12.4% +3.3% Div
5 Years (avg.) +3.4% +3.3% Div

Risk & Analysis Metrics

Last updated: Jul 15, 2026

Volatility

14.78% 1 Year
14.81% 3 Years
16.26% 5 Years
16.83% 10 Years

Max Drawdown

-11.67% 1 Year
-14.31% 3 Years
-36.11% 5 Years
-45.07% 10 Years

Sharpe Ratio

0.73 1 Year
0.54 3 Years
0.02 5 Years
0.15 10 Years

Return Triangle (Heatmap)

Last updated: Jul 15, 2026
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
2011 -17.0% -3.8% 2.6% 0.5% 0.4% 1.4% 4.6% 1.1% 2.6% 3.1% 3.3% 1.2% 1.8% 1.6% 3.4%
2012 11.4% 14.0% 7.1% 5.3% 5.5% 8.7% 4.0% 5.4% 5.6% 5.6% 3.0% 3.5% 3.1% 5.0%
2013 16.7% 5.0% 3.3% 4.1% 8.2% 2.8% 4.6% 4.9% 5.0% 2.2% 2.8% 2.5% 4.6%
2014 -5.5% -2.8% 0.2% 6.2% 0.3% 2.7% 3.3% 3.6% 0.7% 1.5% 1.3% 3.6%
2015 0.0% 3.2% 10.4% 1.8% 4.4% 4.8% 5.0% 1.5% 2.4% 2.0% 4.5%
2016 6.5% 16.0% 2.4% 5.5% 5.8% 5.9% 1.7% 2.7% 2.2% 4.9%
2017 26.5% 0.4% 5.2% 5.7% 5.8% 1.0% 2.1% 1.7% 4.8%
2018 -20.4% -4.0% -0.4% 1.1% -3.5% -1.4% -1.4% 2.3%
2019 15.6% 11.3% 9.5% 1.3% 2.8% 2.1% 6.1%
2020 7.2% 6.6% -3.1% -0.1% -0.4% 4.6%
2021 6.0% -7.9% -2.4% -2.2% 4.0%
2022 -19.9% -6.4% -4.7% 3.6%
2023 9.4% 3.9% 12.8%
2024 -1.3% 14.6%
2025 33.1%

Distributions

*by ETF Portfolio Weight Last updated: Jul 15, 2026

Profit Margin Distribution

< 0%
20%
1y 3y N/A N/A
0 - 5%
16%
1y 3y N/A N/A
5 - 10%
15%
1y 3y N/A N/A
10 - 15%
15%
1y 3y N/A N/A
15 - 20%
12%
1y 3y N/A N/A
20 - 30%
11%
1y 3y N/A N/A
30 - 40%
1%
1y 3y N/A N/A
> 40%
10%
1y 3y N/A N/A

P/E Ratio Distribution

< 0
20%
1y 3y N/A N/A
0 - 10
18%
1y 3y N/A N/A
10 - 15
13%
1y 3y N/A N/A
15 - 20
5%
1y 3y N/A N/A
20 - 25
9%
1y 3y N/A N/A
25 - 35
9%
1y 3y N/A N/A
35 - 50
8%
1y 3y N/A N/A
> 50
19%
1y 3y N/A N/A

Discounted Cash Flow

Weighted Average Undervaluation
N/A
Undervalued
> 60%
0%
1y 3y N/A N/A
45 - 60%
0%
1y 3y N/A N/A
30 - 45%
0%
1y 3y N/A N/A
15 - 30%
0%
1y 3y N/A N/A
Fair (&plusmn;15%)
0%
1y 3y N/A N/A
Overvalued
15 - 30%
0%
1y 3y N/A N/A
30 - 45%
0%
1y 3y N/A N/A
45 - 60%
0%
1y 3y N/A N/A
> 60%
0%
1y 3y N/A N/A

Market Cap Size Distribution

Micro Cap
0.1%
1y 3y N/A N/A
Small Cap
17.5%
1y 3y N/A N/A
Mid Cap
56.4%
1y 3y N/A N/A
Large Cap
25.2%
1y 3y N/A N/A
Mega Cap
0.7%
1y 3y N/A N/A
Micro: < $300M Small: $300M–$2B Mid: $2B–$10B Large: $10B–$200B Mega: > $200B

Portfolio Concentration

*by ETF Portfolio Weight Last updated: Jul 15, 2026
15.4% Top 5 Holdings
26.1% Top 10 Holdings
73.0% Top 50 Holdings
99.0% Top 100 Holdings
Top 5 Companies
TSEM Tower Semiconductor Ltd.
4.6%
KLIC Kulicke & Soffa Industries, Inc.
2.8%
BTE Baytex Energy Corp
2.7%
CCJ Cameco Corp.
2.7%
SSRM SSR Mining Inc
2.6%

Latest News

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Average metrics of all companies in portfolio

Last updated: Jul 19, 2026
Market
Average
Market Cap The market value of the company. It's calculated by multiplying the share price by the number of outstanding shares. $14.4B -
Dividend Yield Yearly payout to shareholders per share. The percentage indicates the payout in relation to the share price. 2.48% 2.03%
Beta Indicates the relationship between the price performance of a share and the market. 1.21 -
P/E Ratio Ratio between share price and earnings per share. A low ratio could indicate that the stock is undervalued or investors aren't expecting high growth. A high ratio could indicate that the stock is overvalued or investors are expecting high growth. 30.66 28.84
Negative P/E Ratio a negative P/E ratio shows that the company is not profitable, and it shows how many years it would take the company to lose its entire market capitalisation if it did not change anything -227.94 -
Profitable Companies 78% -
PEG The ratio between the P/E ratio and the growth rate of the company's earnings per share in the last twelve months. A lower PEG could mean that a stock is undervalued. 534.17 18.09
Price to Sales Ratio Market cap divided by the revenue in the most recent year. 3.04 8.08
Price to Book Ratio Price to Book Ratio is the Market cap divided by the Book value of the company 2.48 10.33
Market
Average
Enterprise Value to EBIT Enterprise Value divided by EBIT 14.08 19.5
Enterprise Value to Revenue Enterprise value divided by revenue 2.75 8.09
Total Debt to Enterprise Value Total debt divided by enterprise value 0.4 0.04
Debt to Equity A higher ratio indicates a higher risk. However, the ratio is difficult to compare between industries where common amounts of debt vary. 0.86 0.27
Profit Margin Net income divided by revenue of the last 4 quarters. It indicates the company's profitability. -9.14% 20.92%
Quarterly Earnings Growth (YoY) The rate at which the company's net income has increased to the same quarter one year ago. - -113.9%
Return on Equity Equity divided by market cap. 12.42% 2.94%
Return on Assets Indicates a company's profitability in relation to its total assets. 4.04% 4.11%
Return on Invested Capital Return on invested capital (ROIC) is net income after dividends divided by the sum of debt and equity. It shows how effective a company is at turning capital invested by shareholders and other debtholders into profits. 9.05% 3.71%

Sectors

Manufacturing 2.5%
Mining, Quarrying, and Oil and Gas Extraction 2.3%
Information 0.6%
Professional, Scientific, and Technical Services 0.4%
Transportation and Warehousing 0.4%
Administrative and Support and Waste Management and Remediation Services 0.3%
Utilities 0.2%
Health Technology 0.2%
Consumer Non-Durables 0.2%
Finance and Insurance 0.2%
Transportation 0.1%
Retail Trade 0.1%
Real Estate and Rental and Leasing 0.1%
Electronic Technology 0.1%
Distribution Services 0.1%
Consumer Durables 0.1%
Arts, Entertainment, and Recreation 0.1%
Accommodation and Food Services 0.1%
Energy 0.1%
Consumer Cyclical 0.1%
Management of Companies and Enterprises 0.0%
Finance 0.0%
Other 91.7%

Countries

Japan 29.5%
Canada 8.8%
United Kingdom 8.0%
South Korea 7.6%
Australia 5.2%
France 3.8%
Switzerland 3.8%
Germany 3.7%
Sweden 3.6%
Hong Kong 3.0%
Israel 2.8%
Italy 2.7%
Singapore 2.6%
Norway 2.2%
Denmark 1.6%
Belgium 1.5%
United States 1.4%
Spain 1.4%
Netherlands 1.3%
Poland 0.9%
Finland 0.8%
Austria 0.8%
New Zealand 0.7%
Portugal 0.5%
Ireland 0.5%
Luxembourg 0.4%
Bermuda 0.4%
Cyprus 0.2%
Taiwan 0.1%
China 0.1%
Mexico 0.1%
Other 0.1%
Faroe Islands 0.0%
Mongolia 0.0%
Other 0.0%

Stock Screener

Select filters to narrow down the 109 investments below

109 companies

Limit holdings to companies in a single sector.

$0B >$1T

Ratio between share price and earnings per share. A low ratio could indicate undervaluation.

<0 >50

Ratio of dividends in the last 12 months to current share price.

0% 3%

Revenue increase compared to the same quarter one year ago.

0% 30%

Net income increase compared to the same quarter one year ago.

0% 30%

Profitability of the last quarter.

<-30% >30%

A higher ratio indicates a higher risk. The ratio is difficult to compare between industries.

<0 >3

Discounted cash flow valuation vs. current price. Positive = undervalued, negative = overvalued.

<-50% >+100%
Market Cap
P/E Ratio
Dividends Ratio of dividends in the last 12 months to current share price
Total Investment
Weight

Tower Semiconductor Ltd.

TSEM - Manufacturing

Tower Semiconductor Ltd.

TSEM - Manufacturing
Market Cap $26.16B
P/E Ratio 106.7
Dividends 0.0%
Total Investment $1.66M
Weight 0.43%

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Kulicke & Soffa Industries, Inc.

KLIC - Manufacturing

Kulicke & Soffa Industries, Inc.

KLIC - Manufacturing
Market Cap $5.09B
P/E Ratio 92.8
Dividends 0.8%
Total Investment $1.02M
Weight 0.26%

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Baytex Energy Corp

BTE - Mining, Quarrying, and Oil and Gas Extraction

Baytex Energy Corp

BTE - Mining, Quarrying, and Oil and Gas Extraction
Market Cap $2.98B
P/E Ratio -6.1
Dividends 1.6%
Total Investment $957.9K
Weight 0.25%

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Cameco Corp.

CCJ - Mining, Quarrying, and Oil and Gas Extraction

Cameco Corp.

CCJ - Mining, Quarrying, and Oil and Gas Extraction
Market Cap $37.29B
P/E Ratio 80.0
Dividends 0.2%
Total Investment $956.78K
Weight 0.25%

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SSR Mining Inc

SSRM - Mining, Quarrying, and Oil and Gas Extraction

SSR Mining Inc

SSRM - Mining, Quarrying, and Oil and Gas Extraction
Market Cap $5.31B
P/E Ratio 22.2
Dividends 0.0%
Total Investment $943.93K
Weight 0.24%

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Elbit Systems Ltd.

ESLT - Manufacturing

Elbit Systems Ltd.

ESLT - Manufacturing
Market Cap $34.74B
P/E Ratio 57.6
Dividends 0.5%
Total Investment $863.94K
Weight 0.22%

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Constellium SE - Ordinary Shares - Class A

CSTM - Manufacturing

Constellium SE - Ordinary Shares - Class A

CSTM - Manufacturing
Market Cap $3.83B
P/E Ratio 8.8
Dividends 0.0%
Total Investment $802.11K
Weight 0.21%

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Solaredge Technologies Inc

SEDG - Manufacturing

Solaredge Technologies Inc

SEDG - Manufacturing
Market Cap $3.25B
P/E Ratio -8.7
Dividends 0.0%
Total Investment $753.78K
Weight 0.19%

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Hudbay Minerals Inc.

HBM - Mining, Quarrying, and Oil and Gas Extraction

Hudbay Minerals Inc.

HBM - Mining, Quarrying, and Oil and Gas Extraction
Market Cap $9.04B
P/E Ratio 12.3
Dividends 0.1%
Total Investment $728.72K
Weight 0.19%

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Centerra Gold Inc.

CGAU - Mining, Quarrying, and Oil and Gas Extraction

Centerra Gold Inc.

CGAU - Mining, Quarrying, and Oil and Gas Extraction
Market Cap $3B
P/E Ratio 4.8
Dividends 1.3%
Total Investment $702.96K
Weight 0.18%

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Frontline Plc

FRO - Transportation and Warehousing

Frontline Plc

FRO - Transportation and Warehousing
Market Cap $8.12B
P/E Ratio 9.0
Dividends 8.6%
Total Investment $687.65K
Weight 0.18%

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Enerflex Ltd

EFXT - Mining, Quarrying, and Oil and Gas Extraction

Enerflex Ltd

EFXT - Mining, Quarrying, and Oil and Gas Extraction
Market Cap $2.86B
P/E Ratio 30.1
Dividends 0.5%
Total Investment $638.99K
Weight 0.16%

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Technip Energies N.V. - ADR

THNPY - Professional, Scientific, and Technical Services

Technip Energies N.V. - ADR

THNPY - Professional, Scientific, and Technical Services
Market Cap $6.62B
P/E Ratio 11.0
Dividends 3.0%
Total Investment $589.29K
Weight 0.15%

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Alamos Gold Inc. - Ordinary Shares - Class A

AGI - Mining, Quarrying, and Oil and Gas Extraction

Alamos Gold Inc. - Ordinary Shares - Class A

AGI - Mining, Quarrying, and Oil and Gas Extraction
Market Cap $11.87B
P/E Ratio 11.3
Dividends 0.5%
Total Investment $584.01K
Weight 0.15%

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Hafnia Ltd

HAFN

Hafnia Ltd

HAFN
Market Cap $3.62B
P/E Ratio 7.9
Dividends 10.1%
Total Investment $559.11K
Weight 0.14%

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Iamgold Corp.

IAG - Mining, Quarrying, and Oil and Gas Extraction

Iamgold Corp.

IAG - Mining, Quarrying, and Oil and Gas Extraction
Market Cap $8.17B
P/E Ratio 8.1
Dividends 0.0%
Total Investment $554.07K
Weight 0.14%

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Stantec Inc

STN - Professional, Scientific, and Technical Services

Stantec Inc

STN - Professional, Scientific, and Technical Services
Market Cap $7.93B
P/E Ratio 22.6
Dividends 1.0%
Total Investment $544.78K
Weight 0.14%

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Eldorado Gold Corp.

EGO - Mining, Quarrying, and Oil and Gas Extraction

Eldorado Gold Corp.

EGO - Mining, Quarrying, and Oil and Gas Extraction
Market Cap $5.63B
P/E Ratio 9.8
Dividends 0.5%
Total Investment $535.12K
Weight 0.14%

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Equinox Gold Corp

EQX - Mining, Quarrying, and Oil and Gas Extraction

Equinox Gold Corp

EQX - Mining, Quarrying, and Oil and Gas Extraction
Market Cap $6.8B
P/E Ratio 10.7
Dividends 0.3%
Total Investment $533K
Weight 0.14%

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BW LPG Limited

BWLP

BW LPG Limited

BWLP
Market Cap $3.09B
P/E Ratio 8.5
Dividends 9.1%
Total Investment $523.1K
Weight 0.13%

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