Passive Emerging Market

Invesco RAFI Emerging Markets ETF

The Invesco RAFI Emerging Markets ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the RAFITM Fundamental Select Emerging Markets 350 Index (the “Underlying Index”).

$28.90

Key Metrics

TER 47.00% per year
Distribution policy Distributing
Fund size USD 1,902 M
Inception date September 27, 2007
Holdings 379
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 +24.0% +3.5% Div
3 Years (avg.) +14.2% +3.5% Div
5 Years (avg.) +3.8% +3.5% Div

Risk & Analysis Metrics

Last updated: Jun 15, 2026

Volatility

15.17% 1 Year
17.32% 3 Years
17.79% 5 Years
20.05% 10 Years

Max Drawdown

-10.43% 1 Year
-18.97% 3 Years
-34.26% 5 Years
-44.43% 10 Years

Sharpe Ratio

1.07 1 Year
0.57 3 Years
0.05 5 Years
0.20 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 -22.4% -7.8% -9.1% -8.3% -11.8% -5.4% -2.1% -3.6% -2.0% -2.5% -2.0% -3.7% -2.8% -2.0% -0.3%
2012 9.7% -1.6% -3.1% -8.9% -1.6% 1.8% -0.5% 0.9% 0.0% 0.3% -1.7% -1.0% -0.3% 1.5%
2013 -11.6% -8.9% -14.3% -4.2% 0.3% -2.1% -0.3% -1.1% -0.7% -2.8% -1.9% -1.1% 0.9%
2014 -6.1% -15.7% -1.6% 3.5% -0.1% 1.8% 0.5% 0.8% -1.8% -0.9% 0.0% 2.0%
2015 -24.3% 0.7% 6.9% 1.5% 3.4% 1.6% 1.8% -1.2% -0.3% 0.6% 2.7%
2016 33.8% 27.1% 11.9% 11.8% 7.7% 7.0% 2.6% 3.2% 3.8% 5.9%
2017 20.6% 2.3% 5.3% 2.0% 2.3% -1.9% -0.5% 0.6% 3.2%
2018 -13.3% -1.6% -3.5% -1.9% -5.8% -3.7% -2.0% 1.2%
2019 11.6% 1.8% 2.3% -3.9% -1.6% 0.0% 3.5%
2020 -7.2% -2.1% -8.5% -4.7% -2.2% 2.2%
2021 3.2% -9.2% -3.9% -0.9% 4.2%
2022 -20.2% -7.2% -2.2% 4.4%
2023 7.8% 8.3% 14.2%
2024 8.7% 17.4%
2025 26.9%

Distributions

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

Profit Margin Distribution

< 0%
7%
1y 3y N/A N/A
0 - 5%
15%
1y 3y N/A N/A
5 - 10%
14%
1y 3y N/A N/A
10 - 15%
13%
1y 3y N/A N/A
15 - 20%
7%
1y 3y N/A N/A
20 - 30%
23%
1y 3y N/A N/A
30 - 40%
7%
1y 3y N/A N/A
> 40%
14%
1y 3y N/A N/A

P/E Ratio Distribution

< 0
4%
1y 3y N/A N/A
0 - 10
22%
1y 3y N/A N/A
10 - 15
6%
1y 3y N/A N/A
15 - 20
32%
1y 3y N/A N/A
20 - 25
14%
1y 3y N/A N/A
25 - 35
18%
1y 3y N/A N/A
35 - 50
2%
1y 3y N/A N/A
> 50
3%
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
0.7%
1y 3y N/A N/A
Small Cap
1.3%
1y 3y N/A N/A
Mid Cap
4.6%
1y 3y N/A N/A
Large Cap
53.1%
1y 3y N/A N/A
Mega Cap
40.2%
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
42.1% Top 5 Holdings
60.7% Top 10 Holdings
94.3% Top 50 Holdings
100.0% Top 100 Holdings
Top 5 Companies
TSM Taiwan Semiconductor Manufacturing
12.6%
BABA Alibaba Group Holding Ltd
9.3%
PBR.A Petroleo Brasileiro S.A. Petrobras
7.9%
VALE Vale S.A.
6.4%
CICHY China Construction Bank Corp.
6.0%

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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. $252B -
Dividend Yield Yearly payout to shareholders per share. The percentage indicates the payout in relation to the share price. 2.79% 2.03%
Beta Indicates the relationship between the price performance of a share and the market. 0.68 -
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. 23.54 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 -8.53 -
Profitable Companies 96% -
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. 491.23 14.56
Price to Sales Ratio Market cap divided by the revenue in the most recent year. 1.59 8.28
Price to Book Ratio Price to Book Ratio is the Market cap divided by the Book value of the company 1.19 10.72
Market
Average
Enterprise Value to EBIT Enterprise Value divided by EBIT 341.45 21.15
Enterprise Value to Revenue Enterprise value divided by revenue 0.19 8.72
Total Debt to Enterprise Value Total debt divided by enterprise value 0.28 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. 0.48 0.33
Profit Margin Net income divided by revenue of the last 4 quarters. It indicates the company's profitability. 19.05% -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. 50.24% 1.23%
Return on Assets Indicates a company's profitability in relation to its total assets. 22.30% 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. 22.70% 3.31%

Sectors

Manufacturing 11.6%
Information 9.6%
Finance and Insurance 7.7%
Mining, Quarrying, and Oil and Gas Extraction 7.7%
Retail Trade 2.7%
Electronic Technology 2.7%
Energy Minerals 1.5%
Utilities 0.9%
Professional, Scientific, and Technical Services 0.6%
Management of Companies and Enterprises 0.6%
Transportation and Warehousing 0.3%
Accommodation and Food Services 0.2%
Consumer Durables 0.2%
Real Estate and Rental and Leasing 0.2%
Other 53.5%

Countries

China 30.8%
Taiwan 28.2%
Brazil 11.5%
India 8.5%
South Africa 4.0%
Mexico 3.3%
Hong Kong 3.1%
Thailand 2.9%
Saudi Arabia 2.1%
Turkey 1.3%
Indonesia 1.0%
Malaysia 0.9%
Other 0.8%
Chile 0.6%
Ireland 0.5%
Netherlands 0.3%
Singapore 0.2%
Switzerland 0.0%
Other 0.0%

Stock Screener

Select filters to narrow down the 78 investments below

78 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

Taiwan Semiconductor Manufacturing - ADR

TSM - Manufacturing

Taiwan Semiconductor Manufacturing - ADR

TSM - Manufacturing
Market Cap $2.4T
P/E Ratio 32.4
Dividends 0.9%
Total Investment $110.92M
Weight 5.83%

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Alibaba Group Holding Ltd - ADR

BABA - Information

Alibaba Group Holding Ltd - ADR

BABA - Information
Market Cap $256.85B
P/E Ratio 16.0
Dividends 1.0%
Total Investment $82.3M
Weight 4.33%

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Petroleo Brasileiro S.A. Petrobras - ADR - Preference Shares

PBR.A - Mining, Quarrying, and Oil and Gas Extraction

Petroleo Brasileiro S.A. Petrobras - ADR - Preference Shares

PBR.A - Mining, Quarrying, and Oil and Gas Extraction
Market Cap $107.94B
P/E Ratio
Dividends
Total Investment $70.01M
Weight 3.68%

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Vale S.A. - ADR

VALE - Mining, Quarrying, and Oil and Gas Extraction

Vale S.A. - ADR

VALE - Mining, Quarrying, and Oil and Gas Extraction
Market Cap $65.76B
P/E Ratio 23.1
Dividends 6.8%
Total Investment $56.26M
Weight 2.96%

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China Construction Bank Corp. - ADR

CICHY - Finance and Insurance

China Construction Bank Corp. - ADR

CICHY - Finance and Insurance
Market Cap $382.28B
P/E Ratio 7.6
Dividends 3.9%
Total Investment $52.71M
Weight 2.77%

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Hon Hai Precision Industry Co., Ltd.

HNHAF - Electronic Technology

Hon Hai Precision Industry Co., Ltd.

HNHAF - Electronic Technology
Market Cap $45.59B
P/E Ratio 19.0
Dividends 2.2%
Total Investment $49.24M
Weight 2.59%

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Tencent Holdings Ltd. - ADR

TCEHY - Information

Tencent Holdings Ltd. - ADR

TCEHY - Information
Market Cap $506.41B
P/E Ratio 14.7
Dividends 1.2%
Total Investment $45.59M
Weight 2.40%

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Bank of China Ltd. - ADR

BACHY - Finance and Insurance

Bank of China Ltd. - ADR

BACHY - Finance and Insurance
Market Cap $210.04B
P/E Ratio 7.0
Dividends 4.0%
Total Investment $24.91M
Weight 1.31%

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JD.com Inc - ADR

JD - Retail Trade

JD.com Inc - ADR

JD - Retail Trade
Market Cap $37.23B
P/E Ratio 19.1
Dividends 3.6%
Total Investment $23.92M
Weight 1.26%

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PetroChina Co. Ltd. - ADR

PTR - Energy Minerals

PetroChina Co. Ltd. - ADR

PTR - Energy Minerals
Market Cap $288.25B
P/E Ratio 11.1
Dividends 4.9%
Total Investment $20.77M
Weight 1.09%

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China Petroleum & Chemical Corp - ADR

SNP - Manufacturing

China Petroleum & Chemical Corp - ADR

SNP - Manufacturing
Market Cap $0
P/E Ratio 15.4
Dividends 4.2%
Total Investment $20.05M
Weight 1.05%

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Baidu Inc - ADR

BIDU - Information

Baidu Inc - ADR

BIDU - Information
Market Cap $38.01B
P/E Ratio 804.0
Dividends 0.0%
Total Investment $19.75M
Weight 1.04%

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Itau Unibanco Holding S.A. - ADR

ITUB - Finance and Insurance

Itau Unibanco Holding S.A. - ADR

ITUB - Finance and Insurance
Market Cap $85.86B
P/E Ratio 9.6
Dividends 9.3%
Total Investment $16.99M
Weight 0.89%

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Banco Bradesco S.A. - ADR

BBD - Finance and Insurance

Banco Bradesco S.A. - ADR

BBD - Finance and Insurance
Market Cap $35.53B
P/E Ratio 7.9
Dividends 6.2%
Total Investment $15.65M
Weight 0.82%

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HDFC Bank Ltd. - ADR

HDB - Finance and Insurance

HDFC Bank Ltd. - ADR

HDB - Finance and Insurance
Market Cap $128.54B
P/E Ratio 15.8
Dividends 2.0%
Total Investment $12.11M
Weight 0.64%

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Infosys Ltd - ADR

INFY - Professional, Scientific, and Technical Services

Infosys Ltd - ADR

INFY - Professional, Scientific, and Technical Services
Market Cap $42.89B
P/E Ratio 13.4
Dividends 4.6%
Total Investment $10.96M
Weight 0.58%

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United Micro Electronics - ADR

UMC - Manufacturing

United Micro Electronics - ADR

UMC - Manufacturing
Market Cap $60.06B
P/E Ratio 36.3
Dividends 2.0%
Total Investment $10.57M
Weight 0.56%

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Cemex S.A.B. De C.V. - ADR

CX - Manufacturing

Cemex S.A.B. De C.V. - ADR

CX - Manufacturing
Market Cap $18.47B
P/E Ratio 38.3
Dividends 0.8%
Total Investment $9.65M
Weight 0.51%

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Sibanye Stillwater Limited - ADR

SBSW - Mining, Quarrying, and Oil and Gas Extraction

Sibanye Stillwater Limited - ADR

SBSW - Mining, Quarrying, and Oil and Gas Extraction
Market Cap $6.84B
P/E Ratio -20.2
Dividends 3.6%
Total Investment $9.09M
Weight 0.48%

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ICICI Bank Ltd. - ADR

IBN - Finance and Insurance

ICICI Bank Ltd. - ADR

IBN - Finance and Insurance
Market Cap $100.19B
P/E Ratio 17.8
Dividends 0.8%
Total Investment $9.04M
Weight 0.48%

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