Invesco Golden Dragon China ETF (PGJ)

Key Metrics

TER 70.00% per year

Distribution policy Distributing

Fund size USD 137 M

Inception date December 9, 2004

Holdings 81

Fund currency USD

Fund domicile US

Provider Invesco

For full official fund details, factsheets, and holdings, visit invesco.com (opens in new tab).

Historical Return

Last updated: Jun 15, 2026

1 Year -15.1% +3.9% Div

3 Years (avg.) -5.7% +3.9% Div

5 Years (avg.) -16.0% +3.9% Div

Risk & Analysis Metrics

Last updated: Jun 15, 2026

Volatility

23.23% 1 Year

30.85% 3 Years

43.09% 5 Years

36.43% 10 Years

Max Drawdown

-29.63% 1 Year

-35.11% 3 Years

-70.15% 5 Years

-78.47% 10 Years

Sharpe Ratio

-0.70 1 Year

-0.17 3 Years

-0.28 5 Years

0.03 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	-27.6%	-17.5%	1.8%	-0.9%	2.3%	0.4%	6.8%	0.9%	3.9%	7.4%	1.5%	-1.0%	-1.6%	-1.2%	-0.4%
2012		-5.9%	20.8%	10.0%	11.6%	7.2%	14.0%	5.8%	8.7%	12.2%	5.0%	1.8%	0.9%	1.2%	1.9%
2013			55.1%	18.9%	18.1%	10.7%	18.4%	7.8%	11.0%	14.7%	6.3%	2.6%	1.6%	1.8%	2.5%
2014				-8.8%	3.1%	-1.1%	10.7%	0.3%	4.9%	9.9%	1.4%	-2.0%	-2.6%	-2.0%	-1.0%
2015					16.5%	3.0%	18.1%	2.7%	7.9%	13.3%	2.9%	-1.1%	-1.9%	-1.3%	-0.2%
2016						-8.9%	18.9%	-1.6%	5.9%	12.7%	0.8%	-3.4%	-4.0%	-3.2%	-1.7%
2017							55.1%	2.3%	11.3%	18.8%	2.8%	-2.4%	-3.3%	-2.4%	-0.9%
2018								-32.5%	-5.7%	8.8%	-7.2%	-11.1%	-10.6%	-8.7%	-6.3%
2019									31.8%	38.1%	3.2%	-4.7%	-5.5%	-3.9%	-1.8%
2020										44.7%	-8.7%	-14.5%	-13.0%	-9.8%	-6.5%
2021											-42.4%	-34.3%	-26.6%	-19.9%	-14.3%
2022												-25.0%	-17.1%	-10.6%	-5.4%
2023													-8.3%	-2.3%	2.2%
2024														4.1%	7.9%
2025															12.0%

Distributions

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

Profit Margin Distribution

< 0%

25%

1y 3y N/A N/A

0 - 5%

14%

1y 3y N/A N/A

5 - 10%

17%

1y 3y N/A N/A

10 - 15%

10%

1y 3y N/A N/A

15 - 20%

13%

1y 3y N/A N/A

20 - 30%

14%

1y 3y N/A N/A

30 - 40%

1y 3y N/A N/A

> 40%

1y 3y N/A N/A

P/E Ratio Distribution

< 0

14%

1y 3y N/A N/A

0 - 10

11%

1y 3y N/A N/A

10 - 15

14%

1y 3y N/A N/A

15 - 20

44%

1y 3y N/A N/A

20 - 25

1y 3y N/A N/A

25 - 35

1y 3y N/A N/A

35 - 50

1y 3y N/A N/A

> 50

10%

1y 3y N/A N/A

Discounted Cash Flow

Weighted Average Undervaluation

N/A

Undervalued

> 60%

1y 3y N/A N/A

45 - 60%

1y 3y N/A N/A

30 - 45%

1y 3y N/A N/A

15 - 30%

1y 3y N/A N/A

Fair (±15%)

1y 3y N/A N/A

Overvalued

15 - 30%

1y 3y N/A N/A

30 - 45%

1y 3y N/A N/A

45 - 60%

1y 3y N/A N/A

> 60%

1y 3y N/A N/A

Market Cap Size Distribution

Micro Cap

2.6%

1y 3y N/A N/A

Small Cap

10.9%

1y 3y N/A N/A

Mid Cap

25.9%

1y 3y N/A N/A

Large Cap

51.9%

1y 3y N/A N/A

Mega Cap

8.8%

1y 3y N/A N/A

Micro: < $300M Small: $300M–$2B Mid: $2B–$10B Large: $10B–$200B Mega: > $200B

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.	$42.6B	-
Dividend Yield Yearly payout to shareholders per share. The percentage indicates the payout in relation to the share price.	1.67%	2.03%
Beta Indicates the relationship between the price performance of a share and the market.	0.46	-
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.	16.46	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	-22.59	-
Profitable Companies	83%	-
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.	23.98	14.56
Price to Sales Ratio Market cap divided by the revenue in the most recent year.	0.55	8.28
Price to Book Ratio Price to Book Ratio is the Market cap divided by the Book value of the company	0.69	10.72

Market
Average

Enterprise Value to EBIT Enterprise Value divided by EBIT	5.11	21.15
Enterprise Value to Revenue Enterprise value divided by revenue	0.78	8.72
Total Debt to Enterprise Value Total debt divided by enterprise value	0.61	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.	0.82	0.33
Profit Margin Net income divided by revenue of the last 4 quarters. It indicates the company's profitability.	9.36%	-6.18%
Quarterly Earnings Growth (YoY) The rate at which the company's net income has increased to the same quarter one year ago.	-17.7%	-117.9%
Return on Equity Equity divided by market cap.	9.41%	1.23%
Return on Assets Indicates a company's profitability in relation to its total assets.	4.27%	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.	9.38%	3.31%

Sectors

Information	38.0%
Accommodation and Food Services	11.8%
Retail Trade	11.7%
Manufacturing	11.3%
Educational Services	6.7%
Transportation and Warehousing	5.9%
Real Estate and Rental and Leasing	3.5%
Finance and Insurance	2.2%
Technology	1.0%
Professional, Scientific, and Technical Services	0.0%
Other	7.9%

Countries

China	98.3%
Canada	0.7%
Singapore	0.5%
Other	0.3%
United Kingdom	0.3%

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

Total Investment

Weight

Baidu Inc - ADR

BIDU - Information

Market Cap $38.01B

P/E Ratio 804.0

Dividends 0.0%

Total Investment $13.46M

Weight 9.84%

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Alibaba Group Holding Ltd - ADR

BABA - Information

Market Cap $256.85B

P/E Ratio 16.0

Dividends 1.0%

Total Investment $11.84M

Weight 8.65%

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Yum China Holdings Inc

YUMC - Accommodation and Food Services

Market Cap $14.99B

P/E Ratio 16.0

Dividends 2.5%

Total Investment $11.27M

Weight 8.24%

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JD.com Inc - ADR

JD - Retail Trade

Market Cap $37.23B

P/E Ratio 19.1

Dividends 3.6%

Total Investment $9.8M

Weight 7.16%

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NetEase Inc - ADR

NTES - Information

Market Cap $77.46B

P/E Ratio 15.4

Dividends 2.5%

Total Investment $7.67M

Weight 5.61%

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Tencent Music Entertainment Group - ADR

TME - Information

Market Cap $13.42B

P/E Ratio 10.2

Dividends 2.8%

Total Investment $4.99M

Weight 3.65%

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H World Group Limited - ADR

HTHT - Accommodation and Food Services

Market Cap $13.06B

P/E Ratio 4.9

Dividends 4.9%

Total Investment $4.91M

Weight 3.59%

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Full Truck Alliance Co Ltd - ADR

YMM - Transportation and Warehousing

Market Cap $8.16B

P/E Ratio 13.3

Dividends 2.3%

Total Investment $4.78M

Weight 3.50%

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Vipshop Holdings Ltd - ADR

VIPS - Retail Trade

Market Cap $6.56B

P/E Ratio 5.8

Dividends 4.7%

Total Investment $4.78M

Weight 3.50%

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KE Holdings Inc - ADR

BEKE - Real Estate and Rental and Leasing

Market Cap $16.59B

P/E Ratio 33.4

Dividends 1.8%

Total Investment $4.72M

Weight 3.45%

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New Oriental Education & Technology Group Inc. - ADR

EDU - Educational Services

Market Cap $7.16B

P/E Ratio 17.0

Dividends 2.7%

Total Investment $4.62M

Weight 3.38%

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Kanzhun Ltd - ADR

Market Cap $6.27B

P/E Ratio 12.6

Dividends 1.2%

Total Investment $4.6M

Weight 3.36%

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NIO Inc - ADR

NIO - Manufacturing

Market Cap $11.83B

P/E Ratio -9.3

Dividends 0.0%

Total Investment $4.57M

Weight 3.34%

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TAL Education Group - ADR

TAL - Educational Services

Market Cap $5.59B

P/E Ratio 3.2

Dividends 0.0%

Total Investment $3.91M

Weight 2.86%

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GDS Holdings Limited - ADR

GDS - Information

Market Cap $6.14B

P/E Ratio 15.5

Dividends 0.0%

Total Investment $3.15M

Weight 2.30%

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Bilibili Inc - ADR

BILI - Information

Market Cap $7.21B

P/E Ratio 34.9

Dividends 0.0%

Total Investment $2.98M

Weight 2.18%

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XPeng Inc - ADR

XPEV - Manufacturing

Market Cap $12.55B

P/E Ratio -38.0

Dividends 0.0%

Total Investment $2.86M

Weight 2.09%

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ZTO Express (Cayman) Inc - ADR

ZTO - Transportation and Warehousing

Market Cap $17.43B

P/E Ratio 12.9

Dividends 3.1%

Total Investment $2.72M

Weight 1.99%

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Atour Lifestyle Holdings Ltd - ADR

ATAT

Market Cap $4.6B

P/E Ratio 17.0

Dividends 2.7%

Total Investment $2.57M

Weight 1.88%

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Li Auto Inc - ADR

LI - Manufacturing

Market Cap $13.34B

P/E Ratio -50.6

Dividends 0.0%

Total Investment $2.54M

Weight 1.86%

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Key Metrics

Compare similar ETFs

Historical Return

Risk & Analysis Metrics

Volatility

Max Drawdown

Sharpe Ratio

Return Triangle (Heatmap)

Distributions

Profit Margin Distribution

P/E Ratio Distribution

Discounted Cash Flow

Market Cap Size Distribution

Portfolio Concentration

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Average metrics of all companies in portfolio

Sectors

Countries