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”).

$44.49

Key Metrics

TER 0.47% per year
Distribution policy Distributing
Fund size USD 380 M
Inception date September 27, 2007
Holdings 1,468
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: Jun 15, 2026
1 Year +20.8% +3.1% Div
3 Years (avg.) +13.2% +3.1% Div
5 Years (avg.) +3.3% +3.1% Div

Risk & Analysis Metrics

Last updated: Jun 15, 2026

Volatility

14.46% 1 Year
14.88% 3 Years
16.22% 5 Years
17.00% 10 Years

Max Drawdown

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

Sharpe Ratio

0.95 1 Year
0.58 3 Years
0.01 5 Years
0.16 10 Years

Return Triangle (Heatmap)

Last updated: Jun 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: Jun 15, 2026

Profit Margin Distribution

< 0%
19%
1y 3y N/A N/A
0 - 5%
15%
1y 3y N/A N/A
5 - 10%
15%
1y 3y N/A N/A
10 - 15%
14%
1y 3y N/A N/A
15 - 20%
12%
1y 3y N/A N/A
20 - 30%
13%
1y 3y N/A N/A
30 - 40%
2%
1y 3y N/A N/A
> 40%
11%
1y 3y N/A N/A

P/E Ratio Distribution

< 0
19%
1y 3y N/A N/A
0 - 10
17%
1y 3y N/A N/A
10 - 15
14%
1y 3y N/A N/A
15 - 20
7%
1y 3y N/A N/A
20 - 25
11%
1y 3y N/A N/A
25 - 35
7%
1y 3y N/A N/A
35 - 50
11%
1y 3y N/A N/A
> 50
15%
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
0.2%
1y 3y N/A N/A
Small Cap
16.7%
1y 3y N/A N/A
Mid Cap
55.0%
1y 3y N/A N/A
Large Cap
27.7%
1y 3y N/A N/A
Mega Cap
0.4%
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: Jun 15, 2026
14.4% Top 5 Holdings
25.6% Top 10 Holdings
73.3% Top 50 Holdings
99.6% Top 100 Holdings
Top 5 Companies
TSEM Tower Semiconductor Ltd.
3.5%
CCJ Cameco Corp.
3.2%
SSRM SSR Mining Inc
2.7%
EGO Eldorado Gold Corp.
2.6%
HBM Hudbay Minerals Inc.
2.4%

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Average metrics of all companies in portfolio

Last updated: Jun 21, 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 28.29
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 14.56
Price to Sales Ratio Market cap divided by the revenue in the most recent year. 3.04 8.28
Price to Book Ratio Price to Book Ratio is the Market cap divided by the Book value of the company 2.48 10.72
Market
Average
Enterprise Value to EBIT Enterprise Value divided by EBIT 14.08 21.15
Enterprise Value to Revenue Enterprise value divided by revenue 2.75 8.72
Total Debt to Enterprise Value Total debt divided by enterprise value 0.4 0.05
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 0.33
Profit Margin Net income divided by revenue of the last 4 quarters. It indicates the company's profitability. -9.14% -6.18%
Quarterly Earnings Growth (YoY) The rate at which the company's net income has increased to the same quarter one year ago. - -117.9%
Return on Equity Equity divided by market cap. 12.42% 1.23%
Return on Assets Indicates a company's profitability in relation to its total assets. 4.04% 3.29%
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% 3.31%

Sectors

Mining, Quarrying, and Oil and Gas Extraction 2.7%
Manufacturing 2.3%
Information 0.6%
Professional, Scientific, and Technical Services 0.4%
Administrative and Support and Waste Management and Remediation Services 0.3%
Transportation and Warehousing 0.3%
Utilities 0.2%
Health Technology 0.2%
Finance and Insurance 0.2%
Consumer Non-Durables 0.2%
Real Estate and Rental and Leasing 0.1%
Retail Trade 0.1%
Electronic Technology 0.1%
Transportation 0.1%
Distribution Services 0.1%
Consumer Durables 0.1%
Accommodation and Food Services 0.1%
Energy 0.1%
Management of Companies and Enterprises 0.1%
Consumer Cyclical 0.1%
Finance 0.1%
Arts, Entertainment, and Recreation 0.1%
Other 91.7%

Countries

Japan 26.4%
Canada 9.3%
United Kingdom 7.6%
Korea (the Republic of) 7.4%
Australia 5.4%
Other 5.3%
Germany 3.9%
France 3.7%
Switzerland 3.6%
Israel 3.4%
Singapore 3.2%
Sweden 3.0%
Italy 2.2%
Norway 2.2%
Hong Kong 1.7%
Netherlands 1.6%
Denmark 1.4%
Belgium 1.4%
Spain 1.2%
United States 1.2%
China 1.0%
Poland 0.8%
Finland 0.8%
Austria 0.7%
New Zealand 0.6%
Portugal 0.4%
Ireland 0.3%
Cyprus 0.2%
Taiwan (Province of China) 0.1%
Mexico 0.1%
Luxembourg 0.1%
Macao 0.1%
South Africa 0.0%
Isle of Man 0.0%
Bermuda 0.0%
Mongolia 0.0%
Other 0.0%

Stock Screener

Select filters to narrow down the 103 investments below

103 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 $32.05B
P/E Ratio 130.8
Dividends 0.0%
Total Investment $1.23M
Weight 0.32%

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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 $46.38B
P/E Ratio 100.7
Dividends 0.2%
Total Investment $1.1M
Weight 0.29%

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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 $6.42B
P/E Ratio 27.6
Dividends 0.0%
Total Investment $921.22K
Weight 0.24%

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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 $6.65B
P/E Ratio 11.6
Dividends 0.5%
Total Investment $906.23K
Weight 0.24%

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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 $10.96B
P/E Ratio 16.6
Dividends 0.1%
Total Investment $842.46K
Weight 0.22%

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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 $2.88B
P/E Ratio -5.9
Dividends 1.6%
Total Investment $823.02K
Weight 0.22%

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Elbit Systems Ltd.

ESLT - Manufacturing

Elbit Systems Ltd.

ESLT - Manufacturing
Market Cap $36.92B
P/E Ratio 61.9
Dividends 0.4%
Total Investment $818.67K
Weight 0.22%

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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 $3.29B
P/E Ratio 5.2
Dividends 1.2%
Total Investment $801.31K
Weight 0.21%

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Kulicke & Soffa Industries, Inc.

KLIC - Manufacturing

Kulicke & Soffa Industries, Inc.

KLIC - Manufacturing
Market Cap $6.38B
P/E Ratio 115.9
Dividends 0.7%
Total Investment $712.21K
Weight 0.19%

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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 $9.76B
P/E Ratio 9.8
Dividends 0.0%
Total Investment $695.54K
Weight 0.18%

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Solaredge Technologies Inc

SEDG - Manufacturing

Solaredge Technologies Inc

SEDG - Manufacturing
Market Cap $3.53B
P/E Ratio -9.5
Dividends 0.0%
Total Investment $667.53K
Weight 0.18%

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Ferrovial S.E.

FER

Ferrovial S.E.

FER
Market Cap $49.88B
P/E Ratio 48.6
Dividends 1.8%
Total Investment $667.26K
Weight 0.18%

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Constellium SE - Ordinary Shares - Class A

CSTM - Manufacturing

Constellium SE - Ordinary Shares - Class A

CSTM - Manufacturing
Market Cap $4.63B
P/E Ratio 10.7
Dividends 0.0%
Total Investment $657.29K
Weight 0.17%

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BRP Inc

DOOO - Manufacturing

BRP Inc

DOOO - Manufacturing
Market Cap $4.69B
P/E Ratio 20.4
Dividends 0.8%
Total Investment $608.51K
Weight 0.16%

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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 $8.29B
P/E Ratio 13.0
Dividends 0.3%
Total Investment $590.62K
Weight 0.16%

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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 $15.26B
P/E Ratio 14.5
Dividends 0.4%
Total Investment $580.49K
Weight 0.15%

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Stantec Inc

STN - Professional, Scientific, and Technical Services

Stantec Inc

STN - Professional, Scientific, and Technical Services
Market Cap $7.72B
P/E Ratio 22.4
Dividends 1.0%
Total Investment $552.26K
Weight 0.15%

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Frontline Plc

FRO - Transportation and Warehousing

Frontline Plc

FRO - Transportation and Warehousing
Market Cap $9.11B
P/E Ratio 10.1
Dividends 7.6%
Total Investment $547.02K
Weight 0.14%

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Canadian Solar Inc

CSIQ - Manufacturing

Canadian Solar Inc

CSIQ - Manufacturing
Market Cap $1.1B
P/E Ratio -10.8
Dividends 0.0%
Total Investment $543.21K
Weight 0.14%

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First Majestic Silver Corporation

AG - Mining, Quarrying, and Oil and Gas Extraction

First Majestic Silver Corporation

AG - Mining, Quarrying, and Oil and Gas Extraction
Market Cap $8.89B
P/E Ratio 30.3
Dividends 0.2%
Total Investment $484.53K
Weight 0.13%

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