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HDEM
+1.38 · +6.89%
£21.35 · LSE
Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF | Global Emerging Markets Equity
Invesco Investment Management Limited · Ireland
AUM:£158.0M
#– of – in Global Emerging Markets Equity ETFs
ℹ️
Reward Rating
71
Strong
40.22% 1Y return
ℹ️
Risk Rating
41
Moderate
Risk Assessment
ℹ️

Educational tool only – Scores are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

📈 Up 40.2% over the past year, reflecting strong price momentum.

Cost Efficiency

Ongoing charge of 0.49% — moderate cost. Consider how fees compound over long holding periods.

What is HDEM?

Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF tracks Morningstar EM TME NR USD, providing diversified exposure across 48 holdings. Its ongoing charge is 0.49%.

Performance Highlights

Investment Breakdown

Strong Recent Performance
HDEM delivered 40.2% over the past year. Historical returns only — past performance is not indicative of future results.
Moderate Cost
Ongoing charge of 0.49%. Consider how fees compound over a long holding period.
Broadly Diversified
Top 10 holdings represent just 18.9% of the ETF — exposure spread across many positions.

Openbook Analysis

Performance: Strong (71)

The scoring profile reflects strong historical performance characteristics, including a 40.2% 1-year return (historical). The ongoing charge of 0.49% should be considered against long-term return expectations. Risk indicators are moderate, in line with typical market exposure (historical).

For informational and educational purposes only. Not financial advice. Past performance is not indicative of future results.

ETF Information
AUM£158.0M
Ongoing Charge0.49%
Dividend Yield14.57%
Holdings48
Inception DateMay 2016
DomicileIreland
DistributionQuarterly
IndexMorningstar EM TME NR USD
ProviderInvesco Investment Management Limited
Beta–
CategoryGlobal Emerging Markets Equity
CurrencyGBX
Portfolio Impact

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6168
+7 points · better diversified
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Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
+4.5%
1Y
+17.4%
3Y
+34.2%
5Y
+30.9%
OpenBook InsightIf you had invested £10,000 in HDEM 5 years ago, it would have grown to £13,089 — a gain of £3,089.

Annual Returns

Calendar year performance

HDEM delivered positive returns in 4 of the last 5 calendar years.
YearHDEM
2026 YTD+6.2%
2025+12.4%
2024+3.7%
2023+4.0%
2022-6.4%
CAGR 4yr+3.2%
4/5 positive yearsAvg return: +4.0%Worst year: -6.4% (2022)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: MIXED
Trend Strength
33%
Negative
Volatility
7.5%
Low
Momentum
-4.1%
30-day change
Support Level
21.65
Key floor
Key Insights
  • Low volatility environment with a narrower recent trading range.
  • Monitor key support and resistance levels as part of broader risk assessment.

Reward Rating Breakdown

Our reward rating analyses HDEM's attractiveness using 4 weighted factors. Each factor is scored 0-100, then combined using the weights shown below. Past performance does not guarantee future results.

Overall Reward Rating
71
Strong REWARD
Data Coverage: %
Factor Framework
Performance
Has the ETF delivered strong historical returns versus similar ETFs?
Cost Efficiency
Is the ETF cheap to own over long periods?
Income
Does it provide attractive and consistent distributions?
Diversification Quality
Does it spread exposure across holdings, sectors, and regions?

📈 Performance

Weight: 30%
68/100

Has the ETF delivered strong historical returns versus similar ETFs? Combines 1/3/5/10-year returns with the Sharpe ratio (risk-adjusted return).

1Y Return
40.22%
Very Good
3Y Return
16.24%
Very Good
5Y Return
8.04%
Good
10Y Return
0.00%
Weak
Sharpe Ratio
—
No Data

Solid historical performance: 1-year return of 40.22%, 3-year annualised 16.24%, 5-year annualised 8.04%. Past performance is not indicative of future results.

💰 Cost Efficiency

Weight: 30%
73/100

Is the ETF cheap to own over long periods? Low ongoing charges compound into meaningful additional returns over a 10-year horizon.

Ongoing Charge
0.49%
Weak
Net Expense Ratio
0.00%
Very Good
Annual Turnover
0.00%
Very Good
Tracking Difference
—
No Data

Low-cost and efficient structure: ongoing charge of 0.49%, net expense ratio of 0.00%, annual turnover of 0.0%.

💵 Income

Weight: 15%
85/100

Does the ETF provide attractive and consistent distributions? Combines the current yield with distribution frequency.

Distribution Yield
14.57%
Very Good
Distribution Frequency
Quarterly
Good

Attractive income profile: distribution yield of 14.57%, quarterly distributions.

🌐 Diversification Quality

Weight: 25%
64/100

Does the ETF spread exposure across many holdings, sectors, and regions? Concentrated funds can be doing exactly what they're meant to do — treat the score as context, not a verdict.

Holdings
48
Very Weak
Top 10 Concentration
18.92%
Good
Top Sector
Financial Services23.5%
Neutral
Top Region
Asia Emerging44.5%
Good

Moderate diversification: 48 holdings, top 10 at 18.9%, Financial Services sector at 23.5%, Asia Emerging at 44.5%.

Scores are derived from fund-provider disclosures and historical data. For informational and educational purposes only — not investment advice. Past performance is not indicative of future results.

Risk Rating Breakdown

Our risk rating analyses HDEM using 4 weighted factors. A higher score indicates higher risk. This is a framework for understanding exposure — concentrated funds can still be doing exactly what they're meant to do.

Overall Risk Rating
41
Moderate RISK
Data Coverage: 83%
Factor Framework
Holdings Concentration
How much of the fund sits in its largest positions? Few dominant names mean returns ride on those companies.
Market Exposure
Geographic, sector and cyclical dependencies. High single-country or single-sector weight increases macro sensitivity.
Volatility
Historical price movement, beta and drawdowns — how sharply the fund moves relative to the market.
Income Reliability
How dependable the distribution yield is — cyclical-sector dependency and unusually high yields can flag payout risk.

🎯 Holdings Concentration

Weight: 25%
31/100

How much of the fund sits in a small number of positions? If the top holdings dominate, returns will be driven by those specific companies rather than the broader index.

Top 10 Weight
18.92%
Lower Risk
Largest Holding
2.44%
Lower Risk
Number of Holdings
48
Elevated
HHI (weight²)
37
Low Risk

Reasonable spread across positions: top 10 holdings at 18.9%, largest single position at 2.44%, 48 total holdings.

🌍 Market Exposure

Weight: 25%
59/100

How dependent is the fund on a single country, sector or economic cycle? Heavy exposure to one market means a single macro event can drive most of the return.

Top Region
Asia Emerging44.5%
Lower Risk
Top Sector
Financial Services23.5%
Moderate
Top 2 Sectors
47.08%
Moderate
Cyclical Sectors
73.28%
High Risk

Notable regional or sector dependency: Asia Emerging at 44.5%, Financial Services sector at 23.5%, 73.3% in cyclical sectors.

📊 Volatility

Weight: 35%
20/100

How sharply does the fund move day-to-day and how deep have its drawdowns been? High volatility means wider return outcomes over short horizons.

1Y Volatility
6.32%
Lower Risk
Beta
—
No Data
Max Drawdown
—
No Data

Below-average volatility: 1Y volatility of 6.32% (historical).

💵 Income Reliability

Weight: 15%
78/100

How dependable is the fund's distribution yield? Heavy cyclical-sector exposure or unusually high yields can flag vulnerability to dividend cuts in a downturn.

Current Yield
14.57%
High Risk
Cyclical Sector Exposure
73.28%
High Risk
Top-Sector Dependency
Financial Services23.5%
Moderate

Distributions appear cyclically sensitive — yield may be vulnerable to cuts in a downturn: yield of 14.57%, 73.3% in cyclical sectors (financials, energy, materials, industrials, real estate), Financial Services sector at 23.5%.

Scores are derived from fund-provider disclosures and historical data. For informational and educational purposes only — not investment advice. Risk scoring is model-based and past data does not guarantee future results.
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