Invesco International BuyBack Achievers TM ETF (IPKW) Expected Move

Tracking the IPKW expected move helps you see how far Invesco International BuyBack Achievers TM ETF's options market is pricing the stock to travel over a given period — whether that's the next day, week, or earnings cycle. Invesco International BuyBack Achievers TM ETF's expected move is derived directly from option premiums and gives you an objective range to plan trades, set strikes, and manage risk. Use our scanner to monitor the IPKW expected move for this week's options, in real time.

The expected move is typically calculated from at-the-money straddle prices (or a blend of straddles and strangles) and represents roughly a one-standard-deviation range over the chosen timeframe. For IPKW, comparing the implied expected move to actual realized moves over similar windows tells you whether the options market has historically overestimated or underestimated volatility. The IPKW expected move for this week's options pricing is especially useful for short-dated traders, earnings players, and anyone selling premium who needs to know where the market thinks Invesco International BuyBack Achievers TM ETF is unlikely to go.

The Invesco International BuyBack Achievers ETF (Fund) is based on the Nasdaq International BuyBack Achievers Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to track the performance of common stocks of foreign companies that meet the requirements to be classified as BuyBack Achievers. The Nasdaq International BuyBack Achievers Index is comprised of securities issued by corporations that have effected a net reduction in shares outstanding of 5% or more in its latest fiscal year. The Fund and the Index are reconstituted annually in July and rebalanced quarterly in January, April, July and October.

As of 08/31/2025 the Fund had an overall rating of 5 stars out of 338 funds and was rated 4 stars out of 338 funds, 4 stars out of 319 funds and 5 stars out of 240 funds for the 3-, 5- and 10- year periods, respectively. Source: Morningstar Inc. Ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance. Open-end mutual funds and exchange-traded funds are considered a single population for comparison purposes. Ratings are calculated for funds with at least a three year history. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable, excluding sales charges and including fees and expenses. ©2025 Morningstar Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. The top 10% of funds in a category receive five stars, the next 22.5% four stars, the next 35% three stars, the next 22.5% two stars and the bottom 10% one star. Ratings are subject to change monthly. Had fees not been waived and/or expenses reimbursed currently or in the past, the Morningstar rating would have been lower. Ratings for other share classes may differ due to different performance characteristics.

Iron condors, weekly premium sales, directional swing trades — they all live or die by where the market thinks the stock won't go. Our scanner tracks the IPKW expected move across every expiration, benchmarks it against realized moves, and shows you when implied ranges are out of line with history. The Invesco International BuyBack Achievers TM ETF expected move for this week's options is the fastest read on short-term risk, which gives you a quick way to interpret what the options market thinks about IPKW.