PXH holdings and overlap
Invesco RAFI Emerging Markets ETF (PXH) holds 375 positions in its Invesco file of 2026-10-24. Its three largest are Petroleo Brasileiro SA - Petrobras (PETR4.BR) at 5.72%, Taiwan Semiconductor Manufacturing Co Ltd (2330.TW) at 5.62% and Alibaba Group Holding Ltd (9988.HK) at 2.92%, and its ten largest make up 28.7% of the fund.
In its Invesco file of 2026-10-24, PXH is 12.9% technology, 12.9% financials and 8.0% consumer discretionary by sector (no sector found for 49.3%), with none of it in mega-cap tech or in the ten largest US companies by market value. By country, 33.6% of PXH is in China, 25.2% in Taiwan, 13.1% in Brazil and 9.5% in India.
What does PXH hold, as of its issuer file of 2026-10-24?
PXH spreads its weight across 375 positions, against a median of 834 across the 26 Emerging Markets funds with a page here. 23 of the 594 funds with a page hold PETR4.BR, and PXH gives it more weight than all but 1 of them.
| Rank | Company | Weight | Weight bar |
|---|---|---|---|
| 1 | PETR4.BR Petroleo Brasileiro SA - Petrobras | 5.72% | |
| 2 | 2330.TW Taiwan Semiconductor Manufacturing Co Ltd | 5.62% | |
| 3 | 9988.HK Alibaba Group Holding Ltd | 2.92% | |
| 4 | 939.HK China Construction Bank Corp | 2.71% | |
| 5 | 2317.TW Hon Hai Precision Industry Co Ltd | 2.52% | |
| 6 | 700.HK Tencent Holdings Ltd | 2.09% | |
| 7 | 1398.HK Industrial & Commercial Bank of China Ltd | 2.02% | |
| 8 | VALE3.BR Vale SA | 1.82% | |
| 9 | 2454.TW MediaTek Inc | 1.65% | |
| 10 | 3988.HK Bank of China Ltd | 1.62% | |
| 11 | JD JD.com Inc | 1.55% | |
| 12 | 2318.HK Ping An Insurance Group Co of China Ltd | 1.25% | |
| 13 | 857.HK PetroChina Co Ltd | 1.08% | |
| 14 | RELIANCE.IN Reliance Industries Ltd | 0.94% | |
| 15 | 1303.TW Nan Ya Plastics Corp | 0.92% | |
| 16 | 386.HK China Petroleum & Chemical Corp | 0.91% | |
| 17 | 3968.HK China Merchants Bank Co Ltd | 0.9% | |
| 18 | 2303.TW United Microelectronics Corp | 0.81% | |
| 19 | PTT-R.TH PTT PCL | 0.81% | |
| 20 | ITUB4.BR Itau Unibanco Holding SA | 0.79% | |
| 21 | PDD PDD Holdings Inc | 0.76% | |
| 22 | 1288.HK Agricultural Bank of China Ltd | 0.73% | |
| 23 | 3711.TW ASE Technology Holding Co Ltd | 0.7% | |
| 24 | 2603.TW Evergreen Marine Corp Taiwan Ltd | 0.7% | |
| 25 | HDFCB.IN HDFC Bank Ltd | 0.69% | |
| 26 | ICICIBC.IN ICICI Bank Ltd | 0.65% | |
| 27 | SOL.ZA Sasol Ltd | 0.65% | |
| 28 | BBDC4.BR Banco Bradesco SA | 0.63% | |
| 29 | BBAS3.BR Banco do Brasil SA | 0.62% | |
| 30 | ARAMCO.SA Saudi Arabian Oil Co | 0.59% | |
| 31 | INFO.IN Infosys Ltd | 0.58% | |
| 32 | 992.HK Lenovo Group Ltd | 0.58% | |
| 33 | FEMSAUBD.MX Fomento Economico Mexicano SAB de CV | 0.56% | |
| 34 | 2881.TW Fubon Financial Holding Co Ltd | 0.55% | |
| 35 | GFNORTEO.MX Grupo Financiero Banorte SAB de CV | 0.55% | |
| 36 | 1810.HK Xiaomi Corp | 0.53% | |
| 37 | 2357.TW Asustek Computer Inc | 0.53% | |
| 38 | 3690.HK Meituan | 0.52% | |
| 39 | GMEXICOB.MX Grupo Mexico SAB de CV | 0.49% | |
| 40 | 9888.HK Baidu Inc | 0.48% | |
| 41 | 2891.TW CTBC Financial Holding Co Ltd | 0.48% | |
| 42 | AMXB.MX America Movil SAB de CV | 0.48% | |
| 43 | 3481.TW Innolux Corp | 0.47% | |
| 44 | VAL.ZA Valterra Platinum Ltd | 0.46% | |
| 45 | 1088.HK China Shenhua Energy Co Ltd | 0.45% | |
| 46 | VBBR3.BR Vibra Energia SA | 0.44% | |
| 47 | 2882.TW Cathay Financial Holding Co Ltd | 0.44% | |
| 48 | 9999.HK NetEase Inc | 0.43% | |
| 49 | 3328.HK Bank of Communications Co Ltd | 0.41% | |
| 50 | 2409.TW AUO Corp | 0.39% | |
| 51 | 1301.TW Formosa Plastics Corp | 0.38% | |
| 52 | FSR.ZA FirstRand Ltd | 0.38% | |
| 53 | GGBR4.BR Gerdau SA | 0.37% | |
| 54 | SBK.ZA Standard Bank Group Ltd | 0.36% | |
| 55 | 2328.HK PICC Property & Casualty Co Ltd | 0.36% | |
| 56 | MTN.ZA MTN Group Ltd | 0.36% | |
| 57 | 1109.HK China Resources Land Ltd | 0.36% | |
| 58 | SBIN.IN State Bank of India | 0.36% | |
| 59 | 1211.HK BYD Co Ltd | 0.35% | |
| 60 | 2382.TW Quanta Computer Inc | 0.35% | |
| 61 | 3231.TW Wistron Corp | 0.35% | |
| 62 | 2388.HK BOC Hong Kong Holdings Ltd | 0.34% | |
| 63 | KBANK-R.TH Kasikornbank PCL | 0.33% | |
| 64 | 1919.HK COSCO SHIPPING Holdings Co Ltd | 0.33% | |
| 65 | 2412.TW Chunghwa Telecom Co Ltd | 0.32% | |
| 66 | CEMEXCPO.MX Cemex SAB de CV | 0.32% | |
| 67 | 998.HK China CITIC Bank Corp Ltd | 0.32% | |
| 68 | 2324.TW Compal Electronics Inc | 0.31% | |
| 69 | 2885.TW Yuanta Financial Holding Co Ltd | 0.31% | |
| 70 | AXSB.IN Axis Bank Ltd | 0.31% | |
| 71 | 601166.CN Industrial Bank Co Ltd | 0.3% | |
| 72 | TCS.IN Tata Consultancy Services Ltd | 0.3% | |
| 73 | 2308.TW Delta Electronics Inc | 0.3% | |
| 74 | 1988.HK China Minsheng Banking Corp Ltd | 0.3% | |
| 75 | 1658.HK Postal Savings Bank of China Co Ltd | 0.3% | |
| 76 | 1326.TW Formosa Chemicals & Fibre Corp | 0.29% | |
| 77 | 2883.TW KGI Financial Holding Co Ltd | 0.29% | |
| 78 | TATA.IN Tata Steel Ltd | 0.29% | |
| 79 | AXIA3.BR Axia Energia SA | 0.28% | |
| 80 | 688.HK China Overseas Land & Investment Ltd | 0.28% | |
| 81 | ITC.IN ITC Ltd | 0.28% | |
| 82 | 3037.TW Unimicron Technology Corp | 0.28% | |
| 83 | 2887.TW TS Financial Holding Co Ltd | 0.28% | |
| 84 | TUPRS.TR Turkiye Petrol Rafinerileri AS | 0.28% | |
| 85 | LT.IN Larsen & Toubro Ltd | 0.27% | |
| 86 | 3034.TW Novatek Microelectronics Corp | 0.27% | |
| 87 | SCB-R.TH SCB X PCL | 0.27% | |
| 88 | BBL-R.TH Bangkok Bank PCL | 0.26% | |
| 89 | BBRI.ID Bank Rakyat Indonesia Persero Tbk PT | 0.26% | |
| 90 | HNDL.IN Hindalco Industries Ltd | 0.26% | |
| 91 | ONGC.IN Oil & Natural Gas Corp Ltd | 0.26% | |
| 92 | PTTGC-R.TH PTT Global Chemical PCL | 0.26% | |
| 93 | SNB.SA Saudi National Bank/The | 0.26% | |
| 94 | 4938.TW Pegatron Corp | 0.25% | |
| 95 | WALMEX*.MX Wal-Mart de Mexico SAB de CV | 0.25% | |
| 96 | SCC-R.TH Siam Cement PCL/The | 0.25% | |
| 97 | KCHOL.TR KOC Holding AS | 0.25% | |
| 98 | BHARTI.IN Bharti Airtel Ltd | 0.25% | |
| 99 | 2609.TW Yang Ming Marine Transport Corp | 0.25% | |
| 100 | ABEV3.BR Ambev SA | 0.25% |
The most recent file Invesco has published for PXH is dated 2026-10-24, 4 days before these prices, which is the median for the Invesco ETFs covered here. Every one of the 375 positions PXH holds, with its weight, is in the fund's JSON file. See the other 22 ETFs with a page here that hold PETR4.BR, and how their weights compare with the 5.72% PXH gives it.
Category: Emerging Markets, set by TickerInside from the ETF's own latest file. In its file of 2026-10-24, 99% of its stocks outside the US are in emerging markets. How categories are set.
https://tickerinside.com/api/v1/fund/pxh.jsonhttps://tickerinside.com/api/v1/fund/pxh.csv=IMPORTDATA("https://tickerinside.com/api/v1/fund/pxh.csv")If your sheet uses a decimal comma: =IMPORTDATA("https://tickerinside.com/api/v1/fund/pxh.csv"; ","; "en_US")curl -s https://tickerinside.com/api/v1/fund/pxh.jsonHow much money went into or out of PXH?
On the close of Friday, October 23, 2026, PXH neither created nor redeemed shares. Over its last 5 closes, a net inflow of $0.
From PXH's own holdings files. Every ETF's latest flows.
How is PXH split by sector and country?
| Sector | Weight | Weight bar |
|---|---|---|
| Technology | 12.9% | |
| Financials | 12.9% | |
| Consumer discretionary | 8.0% | |
| Materials | 6.4% | |
| Communication services | 4.0% | |
| Energy | 2.0% | |
| Real estate | 1.5% | |
| Consumer staples | 1.4% | |
| Health care | 0.5% | |
| Utilities | 0.4% | |
| Industrials | 0.2% | |
| No sector found | 49.3% |
| Country | Weight | Weight bar |
|---|---|---|
| China | 33.6% | |
| Taiwan | 25.2% | |
| Brazil | 13.1% | |
| India | 9.5% | |
| South Africa | 4.6% | |
| Thailand | 3.2% | |
| Mexico | 3.1% | |
| Saudi Arabia | 1.9% | |
| Turkey | 1.3% | |
| Hong Kong | 1.3% | |
| Other countries | 2.7% |
From its Invesco file of 2026-10-24. How these are measured.
What did PXH hold in its SEC reports since 2019?
PXH's largest position in its SEC filings has been Taiwan Semiconductor Manufac (2330.TW) since 2019-10-31: 4.35% then and 6.18% in its report for 2026-07-31, across 23 quarterly reports.
| Report | Positions | Largest | Top 10 |
|---|---|---|---|
| 2019-10-31 | 354 | 2330.TW 4.35% | 25.8% |
| 2020-10-31 | 399 | 2330.TW 5.81% | 25.4% |
| 2021-10-31 | 398 | 2330.TW 3.70% | 24.6% |
| 2022-10-31 | 375 | 2330.TW 3.41% | 21.3% |
| 2023-10-31 | 397 | 2330.TW 4.84% | 24.8% |
| 2024-10-31 | 395 | 2330.TW 6.28% | 29.6% |
| 2025-10-31 | 417 | 2330.TW 6.26% | 31.0% |
| 2026-07-31 | 357 | 2330.TW 6.18% | 29.0% |
The first report, then the last of each year, of the 23 reports PXH filed on SEC Form N-PORT from 2019-10-31 to 2026-07-31, each company under its ticker today. Every position of every report is in its quarterly file, and at any date at /api/v1/history/pxh/{date}.json. How these are read.
What does PXH duplicate?
The ETF nearest to PXH is FNDE: the two hold 73.0% of their weight in common, in the 232 companies both own, and 83.8% of PXH itself is also held there. Owning PXH alongside the ETFs at the top of this table means holding mostly the same companies twice.
| ETF | Overlap by weight | Of PXH held there | Of that ETF in PXH | Companies in both | Overlap bar |
|---|---|---|---|---|---|
| FNDE | 73.0% | 83.8% | 80.4% | 232 | |
| GMF | 41.9% | 63.8% | 53.2% | 212 | |
| SCHE | 41.1% | 85.8% | 56.2% | 277 | |
| SPEM | 40.5% | 77.3% | 52.9% | 268 | |
| EEMX | 39.2% | 74.0% | 53.4% | 229 | |
| LDEM | 38.3% | 45.5% | 53.3% | 118 | |
| VWO | 37.8% | 84.7% | 50.9% | 283 | |
| EEM | 36.2% | 79.4% | 48.5% | 223 | |
| HEEM | 36.2% | 79.4% | 48.5% | 223 | |
| EEMA | 35.7% | 59.1% | 50.3% | 161 | |
| EMGF | 35.3% | 68.7% | 44.0% | 153 | |
| EMXF | 34.8% | 45.1% | 47.4% | 121 |
The holdings of FNDE and SCHE are from their SEC Form N-PORT filings for the period ended 2026-08-31, filed 2026-10-27. VWO's holdings are from its SEC Form N-PORT for the period ended 2026-07-31, filed 2026-09-28. The other ETFs' holdings are from their issuers' latest files. Check PXH against any ETF in the ETF overlap calculator · how overlap is measured.
What adds something different to PXH?
USRT shares 0% of weight with PXH and its weekly returns correlate with it at 0.35 over three years. The table lists the covered ETFs with the least in common with PXH, least shared weight first and, among equals, lowest correlation.
| ETF | Name | Overlap by weight | Correlation, 3y | Companies in both |
|---|---|---|---|---|
| USRT | iShares Core U.S. REIT ETF | 0.0% | 0.35 | 0 |
| IYR | iShares U.S. Real Estate ETF | 0.0% | 0.35 | 0 |
| USMV | iShares MSCI USA Min Vol Factor ETF | 0.0% | 0.40 | 0 |
| IJR | iShares Core S&P Small-Cap ETF | 0.0% | 0.49 | 0 |
| IJH | iShares Core S&P Mid-Cap ETF | 0.0% | 0.54 | 0 |
| THRO | iShares U.S. Thematic Rotation Active ETF | 0.0% | 0.55 | 0 |
| SOXX | iShares Semiconductor ETF | 0.0% | 0.57 | 0 |
| VLUE | iShares MSCI USA Value Factor ETF | 0.0% | 0.57 | 0 |
Cost, returns and risk
| Expense ratio | 0.47% |
|---|---|
| Dividend yield | 3.98% |
| Total return, 1 year | 14.2% |
| Total return, 3 years cumulative | 77.8% |
| Total return, 5 years cumulative | 60.2% |
| Volatility, annualised | 15.5% |
| Worst fall, 3 years | -12.5% |
| Beta against SPY, 3 years of weekly returns | 0.67 |
| Weight in the ten largest positions | 28.7% |
| Largest single position | 5.7% |
| Assets under management | $2.1B |
Expense ratio, yield and assets are reference data (the expense ratio from PXH's SEC filing of 2026-02-26); the weight in the ten largest positions and the largest single position are from the issuer file of 2026-10-24; every other figure is computed here from weekly closes.
How it moves with the market
| Against | Correlation, 3 years | Covariance, annualised, in percent squared |
|---|---|---|
| SPY | 0.60loosely linked | 129 |
| QQQ | 0.56loosely linked | 168 |
Weekly total returns. What the bands mean · why the covariance is printed.
Year by year
| Year | Total return |
|---|---|
| 2026 | 12.8% |
| 2025 | 31.4% |
| 2024 | 12.1% |
| 2023 | 13.9% |
| 2022 | -15.2% |
One year
Where to go next
- SCHE, Schwab Emerging Markets Equity ETF
- SPEM, State Street SPDR Portfolio Emerging Markets ETF
- VWO, Vanguard FTSE Emerging Markets ETF
- XSOE, WisdomTree Emerging Markets ex-State-Owned Enterprises Fund
- Run a portfolio x-ray to see what PXH carries once you look through it
- Compare PXH against any other ETF in the builder
Holdings from the most recent file Invesco has published, dated 2026-10-24. Prices through 2026-10-28. How every figure here is produced. Measurements, not investment advice.
Cite this page
TickerInside, Invesco RAFI Emerging Markets ETF (PXH), holdings from the issuer's file of 2026-10-24, https://tickerinside.com/etf/pxh/, CC BY 4.0
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