ETF Evaluator:
Invesco India ETF ()
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(as of Aug 26)
Best Performing in India Equity Over the Last Year
| 3.1% | VanEck India Growth Ldrs ETF (GLIN) |
| 1.7% | Matthews India Active ETF (INDE) |
| -0.8% | Simplify Tara India Opportunities ETF (IOPP) |
| -1.6% | First Trust India NIFTY 50 Equal Wtd ETF (NFTY) |
| -2.0% | Columbia India Consumer ETF (INCO) |
Risk
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Risk
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ETF Details
Invesco India ETF Overview
Invesco India ETF (IMVP) is a passively managed International Equity India Equity exchange-traded fund (ETF). Invesco launched the ETF in 2008.
The investment seeks to track the investment results (before fees and expenses) of the Bloomberg India MVP Index (the "underlying index").
The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index, as well as ADRs and GDRs that represent securities in the underlying index. The underlying index, is comprised of securities of large- and mid-capitalization companies based in India that exhibit strong fundamental characteristics for momentum (M), value (v), volatility (v) and profitability (P), utilizing a factor model developed by Bloomberg Intelligence. The fund is non-diversified.
About Invesco India ETF (IMVP)
There are 4 members of the management team with an average tenure of 9.09 years: Peter Hubbard (2008), Michael Jeanette (2015), Pratik Doshi (2020) and Faiz Syed (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: MSCI India NR USD index with a weighting of 100% and Bloomberg India MVP NR USD index with a weighting of 100%. Invesco India ETF has 33 securities in its portfolio. The top 10 holdings constitute 36.8% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Invesco India ETF is part of the Equity global asset class and is within the International Equity ETF group. Invesco India ETF has 100.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 100.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Invesco India ETF has -0.0% of the portfolio in cash.
Assets Under Management
The fund has $113 million in total assets, which is below the $708 million average for the India Equity category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
IMVP Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Invesco India ETF expense ratio is above average compared to funds in the India Equity category. Invesco India ETF has an expense ratio of 0.78%, which is 13% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Invesco India ETF has a portfolio turnover rate of 15%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 35% for the India Equity category.
Recently, in the month of July 2026, Invesco India ETF returned 1.0%, which earned it a grade of D, as the India Equity category had an average return of 1.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Invesco India ETF has a trailing yield of 2.65%, which is above the 0.82% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Invesco India ETF Grades
Year to date, the ETF has returned -14.6%, 8.2 percentage points worse than the category, which translates into a grade of F. The fund has returned -12.6% over the past year (grade of F), 1.8% over the past three years (grade of F) and 2.9% per year over the past five years (grade of F) and 6.9% per year over the past 10 years (grade of C).
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IMVP Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| IMVP Return (NAV) | 1.0% | -2.3% | -12.6% | 1.8% | 2.9% | 6.9% |
| IMVP Return (Price) | 0.6% | -3.6% | -12.7% | 1.4% | 2.7% | 6.8% |
| NAV +/- Price Return | 0.348% | 1.210% | 0.021% | 0.412% | 0.201% | 0.147% |
| India Equity Avg | 1.6% | 3.3% | -4.7% | 5.3% | 4.9% | 6.8% |
| IMVP Grade (NAV) | D | F | F | F | F | C |
| +/- Category (NAV) | -0.6% | -5.7% | -8.0% | -3.5% | -2.0% | 0.1% |
| IMVP Tax-Cost Ratio | na | na | 2.7% | 1.7% | 2.0% | 1.7% |
IMVP Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| IMVP Return (NAV) | -14.6% | 1.7% | 9.5% | 22.6% | -9.5% | 23.9% | 19.0% | 4.8% | -8.1% | 37.1% | 0.1% |
| IMVP Return (Price) | -14.5% | 1.3% | 9.1% | 22.8% | -9.5% | 23.7% | 18.5% | 4.8% | -7.5% | 38.5% | -0.1% |
| NAV +/- Price Ret | -0.002% | -0.245% | -0.044% | 0.009% | -0.009% | -0.009% | -0.022% | 0.4% | -6.8% | 3.8% | -147.4% |
| India Equity Avg | -6.4% | 0.7% | 12.4% | 26.7% | -9.8% | 26.5% | 13.6% | -0.2% | -13.5% | 44.0% | 0.8% |
| IMVP Grade (NAV) | F | C | D | D | D | D | A | B | C | C | C |
| +/- Category | -8.2% | 1.1% | -2.9% | -4.1% | 0.3% | -2.5% | 5.4% | 5.0% | 5.4% | -6.8% | -0.7% |
| Risk Measures | |
| Beta: | 0.60 |
| R-Squared: | 30% |
| Standard Deviation: | 15.3% |
| Category Risk Index: | 0.93 |
| Category Risk Rating: | Average |
| Total Risk Index: | 1.24 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 2.7% |
| Total Assets: | $ 114 Mil |
| Share Class Assets: | $ 114 Mil |
| Turnover: | 15.0% |
| Expense Ratio: | 0.78% |
| Index Fund: | Yes |
| Index Tracked: | MSCI India NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 18.4 years | |||
| Average Tenure: 9.1 years | |||
| Managers (Year): Hubbard Peter (2008), Jeanette Michael (2015), Doshi Pratik (2020), Syed Faiz (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 33 |
| % in Top 10 Holdings: | 36.8% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 100.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 100.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | -0.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Invesco |
| Phone Number: | 800-983-0903 |
| Website: | www.invescopowershares.com |
| Inception Date: | March 5, 2008 |
Expenses and Fees
| Expense Ratio (%): | 0.78% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.69% |
