Summary
Invesco Golden Dragon China ETF is an ETF - a fund traded on an exchange like a stock - run by Invesco. Positions inside: 69. The ten largest make up 58% of the fund.
- Yearly costs
- 0.70%
- Fund size
- $82.5M
- Positions
- 69
- Dividend yield
- 2.04%
- Running since
- 2004
What speaks for it
- It has been running since 2004.
What to watch
- The ten largest positions make up 58% of the fund, so its result rests on a few names.
- 44% of the fund is in one sector (Consumer cyclical).
- 99% of the fund is in one country (China).
- Costs of 0.70% a year are above the middle of comparable funds (0.44%).
- In the last five years its price once dropped by 78% from its high.
- A small fund with $82.5M under management; small funds get closed more often.
- It trades little: only about $500.7K changes hands a day.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -3.5%
- 3 months
- -10%
- This year
- -27%
- 1 year
- -34%
- 3 years
- -17%
- 5 years
- -56%
- 10 years
- -37%
- Avg. market cap
- $39.2B
- P/E
- 7.4x
- Forward P/E
- 9.6x
- P/S
- 0.6x
- P/B
- 0.9x
- P/FCF
- 0.1x
- EV/EBITDA
- 7.5x
- Dividend yield
- 2.44%
- ROIC
- 3.4%
- ROE
- 4.9%
- Gross margin
- 38.6%
- Operating margin
- 9.8%
- Net margin
- 10.5%
- Payout ratio
- 18.0%
- Net debt/EBITDA
- 2.0x
- Beta
- 0.85
Weighted average of the 50 largest companies, which make up 98% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 YUYum China Holdings, Inc. YUMC 8.4%
- 2 BAAlibaba BABA 8.2%
- 3 JDJD.com JD 8.1%
- 4 NTNetEase NTES 7.1%
- 5 BIBaidu BIDU 5.6%
- 6 EDNew Oriental EDU 4.4%
- 7 YMFull Truck Alliance Co. Ltd. YMM 4.3%
- 8 HTHuazhu HTHT 4.1%
- 9 VIVipshop VIPS 4.0%
- 10 BZKanzhun Limited BZ 4.0%
Positions in the fund: 69. The ten largest make up 58% of it.
Composition as of Oct 17, 2026.
Where is it spread?
One sector dominatesBy sector
- Consumer cyclical 44%
- Technology 19%
- Communication services 17%
- Consumer defensive 9.8%
- Financials 2.9%
- Other 7.5%
By country
- China 99%
- Canada 0.6%
- Singapore 0.4%
- Hong Kong SAR China 0.4%
- Other countries 0.1%
By company size
- Mega cap 8.2%
- Large cap 44%
- Mid cap 37%
- Small cap 8.7%
- Micro cap 1.9%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.
Largest sector: Consumer cyclical (44%). Largest country: China (99%). Largest size group: Large cap (44%).
What does it cost me?
Expensive- A year from $10,000
- $70.00
- Over 20 years
- $3,322
From every $10,000 invested the fund takes $70.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $3,322.
How has it done?
Losing value- A year on average, 10 years
- -4.5%
- Deepest drop
- -78%
- Yearly volatility
- 23%
Average yearly decline over the last ten years: 4.5%. Deepest drop in these years: 78% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 2.04%
- Payments a year
- 4
- Last payment
- $0.15
Over the last 12 months it paid $0.43 per share, which is 2.04% of today's price. The last payment was $0.15 on Sep 21, 2026.
Is it easy to buy and sell?
It trades little- Traded a day
- $500.7K
- Shares a day
- 24K
On an average day about $500.7K of the fund changes hands.
How expensive are the companies inside?
Rather cheap- P/E of the companies inside
- 7.4
- Average Bulios Score
- 62 out of 100
Weight by Bulios Fair Price
- Undervalued 57%
- Fairly valued 25%
- Overvalued 18%
On average the companies inside trade for 7.4 times their yearly profit. By Fair Price, 57% of the rated weight comes out as undervalued.
Counted from its largest companies (50), which make up 98% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
28 2826.HK Global X China Cloud Computing ETF (HKD) | Hong Kong SAR China | 0.68% | $18.6M | -30% | Reinvests | 23% |