Invesco International BuyBack Achievers ETF (IPKW) Performance
IPKW total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +9.4% since Dec 31, 2025
- 1 year
- +18.2% total return
- 5 years
- +10.9% a year
- 10 years
- +11.3% a year
- Since first price
- +10.3% a year since 2014
IPKW trailing returns vs SPY, QQQ, AGG
| Period | IPKW total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.8% | −0.8% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.0% | +1.6% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.3% | +4.0% | +7.8% | +8.4% | −1.5% |
| YTD | +9.4% | +7.0% | +12.3% | +15.1% | −1.0% |
| 1 year | +18.2% | +14.1% | +14.4% | +15.9% | −1.1% |
| 3 years | +95.3%+25.0%/yr | +75.5% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +67.4%+10.9%/yr | +33.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +192.8%+11.3%/yr | +110.7% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionFeb 27, 2014 | +243.8%+10.3%/yr | +136.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: IPKW vs SPY
From Feb 27, 2014: IPKW grew to $34,378, SPY to $50,606.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
IPKW returns by calendar year
9 of 11 full years positive. Best 2025 (+45.5%), worst 2018 (−21.6%). 2026 is year to date.
IPKW annual returns table
| Year | IPKW | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +9.4% | −9.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +45.5% | −17.8% | +17.7% | +20.8% | +7.2% |
| 2024 | +10.6% | −8.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +15.1% | −9.6% | +26.2% | +54.9% | +5.7% |
| 2022 | −12.8% | −28.8% | −18.2% | −32.6% | −13.0% |
| 2021 | +11.4% | −12.9% | +28.7% | +27.4% | −1.8% |
| 2020 | +16.2% | −41.2% | +18.3% | +48.6% | +7.5% |
| 2019 | +20.3% | −12.1% | +31.2% | +39.0% | +8.5% |
| 2018 | −21.6% | −28.1% | −4.6% | −0.1% | +0.1% |
| 2017 | +34.2% | −3.7% | +21.7% | +32.7% | +3.6% |
| 2016 | +12.0% | −13.0% | +12.0% | +7.1% | +2.4% |
| 2015 | +6.8% | −14.5% | +1.2% | +9.4% | +0.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
IPKW largest drawdowns
Now 3.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 26, 2018 | −47.2% | Mar 23, 2020 | Dec 2, 2020 | 2.2 years | 2.9 years |
| Jun 7, 2021 | −33.2% | Sep 27, 2022 | May 14, 2024 | 1.3 years | 2.9 years |
| May 15, 2015 | −19.1% | Jan 21, 2016 | Apr 19, 2016 | 8 months | 11 months |
| Mar 19, 2025 | −17.8% | Apr 8, 2025 | May 16, 2025 | 20 days | 58 days |
| Apr 20, 2016 | −13.0% | Jun 27, 2016 | Sep 6, 2016 | 2 months | 5 months |
| Jul 3, 2014 | −12.3% | Oct 15, 2014 | Mar 19, 2015 | 3 months | 9 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
IPKW risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2014 |
|---|---|---|---|---|
| Annualized return | +23.5% | +11.2% | +11.2% | +10.2% |
| Volatility (annualized) | 12.6% | 15.3% | 16.9% | 16.3% |
| Sharpe ratio | 1.40 | 0.54 | 0.58 | 0.57 |
| Sortino ratio | 2.87 | 0.85 | 0.87 | 0.87 |
| Best month | +8.5% | +10.0% | +16.5% | +16.5% |
| Worst month | −4.7% | −10.8% | −19.7% | −19.7% |
| Best 12 months | +45.5% | +45.5% | +84.2% | +84.2% |
| Worst 12 months | +10.6% | −28.0% | −28.0% | −28.0% |
| Positive months | 64% | 57% | 59% | 59% |
| Beta vs S&P 500 | 0.47 | 0.64 | 0.83 | — |
| Correlation with S&P 500 | 0.46 | 0.66 | 0.76 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
IPKW rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 141 | −28.0% | +11.5% | +84.2% | 74% |
| 3-year (a year) | 117 | −6.6% | +8.9% | +26.5% | 94% |
| 5-year (a year) | 93 | −0.2% | +8.5% | +18.9% | 98% |
| 10-year (a year) | 33 | +7.0% | +9.3% | +12.6% | 100% |
Every holding period starting at a month-end since 2014. Returns for 3 years and longer are annualized.
IPKW performance overview
Invesco International BuyBack Achievers ETF (IPKW) returned +18.2% over the past year and +11.3% a year over ten years, with distributions reinvested. Since its first recorded price in 2014 it has returned +10.3% a year, turning $10,000 into about $34,378. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −47.2%, from Jan 26, 2018 to Mar 23, 2020, and it took 8 months to get back to the old high. IPKW finished 9 of its 11 full calendar years with a gain; the best year was 2025 (+45.5%) and the worst 2018 (−21.6%). Volatility has been 16.3% a year.
Related: IPKW chart, IPKW holdings, IPKW dividends. See the IPKW overview for the latest quote and fund facts.
IPKW performance FAQ
What is the IPKW return over the past year?
IPKW returned +18.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 14.1%.
What is the average annual return of IPKW?
IPKW has returned +10.9% a year over 5 years, +11.3% a year over 10 years, +10.3% a year since February 27, 2014 (total return, distributions reinvested).
How much would $10,000 invested in IPKW be worth?
$10,000 invested in IPKW at its first recorded close on February 27, 2014 would be worth about $34,378 on October 23, 2026 with distributions reinvested.
What was the worst year for IPKW?
The worst calendar year was 2018, with a total return of −21.6%. The best was 2025 at +45.5%.
What is the biggest drawdown of IPKW?
The largest peak-to-trough decline was −47.2% between January 26, 2018 and March 23, 2020. It recovered to the old high on December 2, 2020, 8 months after the bottom.
How volatile is IPKW?
Over the past 3 years IPKW had an annualized volatility of 12.6% and a Sharpe ratio of 1.40 (excess return over 1–3 month T-bills per unit of risk).