Invesco Dividend Achievers ETF (PFM) Performance
PFM total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +12.5% since Dec 31, 2025
- 1 year
- +13.9% total return
- 5 years
- +10.4% a year
- 10 years
- +12.1% a year
- Since first price
- +8.8% a year since 2005
PFM trailing returns vs SPY, QQQ, AGG
| Period | PFM total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +3.2% | +3.2% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.0% | +2.6% | +3.2% | +1.9% | −0.4% |
| 6 months | +7.0% | +6.3% | +7.8% | +8.4% | −1.5% |
| YTD | +12.5% | +11.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +13.9% | +12.3% | +14.4% | +15.9% | −1.1% |
| 3 years | +67.6%+18.8%/yr | +59.9% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +63.7%+10.4%/yr | +50.1% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +214.3%+12.1%/yr | +159.2% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +432.8%+11.8%/yr | +293.9% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +418.5%+8.6%/yr | +241.9% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionSep 15, 2005 | +494.4%+8.8%/yr | +286.2% | — | — | — |
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: PFM vs SPY
From Sep 15, 2005: PFM grew to $59,437, SPY to $90,959.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PFM returns by calendar year
15 of 20 full years positive. Best 2019 (+26.9%), worst 2008 (−29.2%). 2026 is year to date.
PFM annual returns table
| Year | PFM | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +12.5% | −7.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +14.0% | −14.5% | +17.7% | +20.8% | +7.2% |
| 2024 | +16.9% | −5.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +11.4% | −9.7% | +26.2% | +54.9% | +5.7% |
| 2022 | −6.2% | −17.8% | −18.2% | −32.6% | −13.0% |
| 2021 | +23.1% | −4.9% | +28.7% | +27.4% | −1.8% |
| 2020 | +9.5% | −32.2% | +18.3% | +48.6% | +7.5% |
| 2019 | +26.9% | −5.1% | +31.2% | +39.0% | +8.5% |
| 2018 | −4.6% | −15.1% | −4.6% | −0.1% | +0.1% |
| 2017 | +17.6% | −2.2% | +21.7% | +32.7% | +3.6% |
| 2016 | +14.3% | −6.1% | +12.0% | +7.1% | +2.4% |
| 2015 | −3.1% | −12.9% | +1.2% | +9.4% | +0.5% |
| 2014 | +11.2% | −6.3% | +13.5% | +19.2% | +6.0% |
| 2013 | +25.7% | −6.0% | +32.3% | +36.6% | −2.0% |
| 2012 | +10.6% | −6.4% | +16.0% | +18.1% | +3.8% |
| 2011 | +9.2% | −14.5% | +1.9% | +3.4% | +7.7% |
| 2010 | +14.8% | −11.5% | +15.1% | +19.9% | +6.4% |
| 2009 | +10.7% | −30.3% | +26.4% | +54.7% | +3.0% |
| 2008 | −29.2% | −39.4% | −36.8% | −41.7% | +7.9% |
| 2007 | −0.4% | −11.0% | +5.1% | +19.0% | +6.6% |
| 2006 | +15.7% | −5.1% | +15.8% | +7.1% | +3.9% |
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.
PFM largest drawdowns
Now 0.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 9, 2007 | −53.2% | Mar 9, 2009 | Aug 7, 2012 | 1.4 years | 4.8 years |
| Feb 14, 2020 | −32.2% | Mar 23, 2020 | Sep 2, 2020 | 38 days | 7 months |
| Jan 4, 2022 | −17.8% | Sep 30, 2022 | Jul 20, 2023 | 9 months | 1.5 years |
| Sep 21, 2018 | −15.1% | Dec 24, 2018 | Mar 21, 2019 | 3 months | 6 months |
| Feb 19, 2025 | −14.5% | Apr 8, 2025 | Jun 30, 2025 | 48 days | 4 months |
| Dec 29, 2014 | −13.1% | Aug 25, 2015 | Mar 17, 2016 | 8 months | 1.2 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
PFM risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2005 |
|---|---|---|---|---|
| Annualized return | +16.3% | +10.7% | +11.4% | +8.6% |
| Volatility (annualized) | 10.3% | 13.3% | 13.3% | 13.3% |
| Sharpe ratio | 1.11 | 0.57 | 0.71 | — |
| Sortino ratio | 1.83 | 0.90 | 1.09 | — |
| Best month | +7.3% | +10.5% | +10.6% | +10.6% |
| Worst month | −4.9% | −8.3% | −10.8% | −19.0% |
| Best 12 months | +29.7% | +29.7% | +43.0% | +43.6% |
| Worst 12 months | +9.3% | −8.2% | −8.7% | −39.9% |
| Positive months | 75% | 65% | 66% | 64% |
| Beta vs S&P 500 | 0.71 | 0.77 | 0.81 | — |
| Correlation with S&P 500 | 0.86 | 0.91 | 0.94 | — |
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.
PFM rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 242 | −39.9% | +11.8% | +43.6% | 83% |
| 3-year (a year) | 218 | −14.8% | +10.4% | +23.1% | 87% |
| 5-year (a year) | 194 | −1.6% | +10.6% | +19.8% | 95% |
| 10-year (a year) | 134 | +5.0% | +10.4% | +14.3% | 100% |
Every holding period starting at a month-end since 2005. Returns for 3 years and longer are annualized.
PFM performance overview
Invesco Dividend Achievers ETF (PFM) returned +13.9% over the past year and +12.1% a year over ten years, with distributions reinvested. Since its first recorded price in 2005 it has returned +8.8% a year, turning $10,000 into about $59,437. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −53.2%, from Oct 9, 2007 to Mar 9, 2009, and it took 3.4 years to get back to the old high. PFM finished 15 of its 20 full calendar years with a gain; the best year was 2019 (+26.9%) and the worst 2008 (−29.2%). Volatility has been 13.3% a year.
Related: PFM chart, PFM holdings, PFM dividends, PFM valuation. See the PFM overview for the latest quote and fund facts.
PFM performance FAQ
What is the PFM return over the past year?
PFM returned +13.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 12.3%.
What is the average annual return of PFM?
PFM has returned +10.4% a year over 5 years, +12.1% a year over 10 years, +8.8% a year since September 15, 2005 (total return, distributions reinvested).
How much would $10,000 invested in PFM be worth?
$10,000 invested in PFM at its first recorded close on September 15, 2005 would be worth about $59,437 on October 23, 2026 with distributions reinvested.
What was the worst year for PFM?
The worst calendar year was 2008, with a total return of −29.2%. The best was 2019 at +26.9%.
What is the biggest drawdown of PFM?
The largest peak-to-trough decline was −53.2% between October 9, 2007 and March 9, 2009. It recovered to the old high on August 7, 2012, 3.4 years after the bottom.
How volatile is PFM?
Over the past 3 years PFM had an annualized volatility of 10.3% and a Sharpe ratio of 1.11 (excess return over 1–3 month T-bills per unit of risk).