This ETF from a 106-year-old firm has crushed -2-

   Capital Group Global Growth Equity ETF        2/22/2022            21.1%                             19.7%              0.47% 
   Strategas Global Policy Opportunities ETF     1/24/2022            22.6%                             15.3%              0.65% 
   Invesco International BuyBack Achievers ETF   2/27/2014            44.7%                             22.4%              0.55% 
   Invesco BuyBack Achievers ETF                 12/20/2006           17.8%                             17.5%              0.62% 
   iShares Core Dividend ETF                     11/7/2017            15.1%                             15.6%              0.05% 
                                                                                                                    Source: LSEG 

For 2025, the only listed funds with total returns higher than that of COPY were the Davis Select Worldwide ETF DWLD, which had a 30.5% return, and the Invesco International BuyBack Achievers ETF IPKW, which had a 44.7% return.

Nick Kalivas, Invesco's head of factor strategy for ETFs, told MarketWatch via email that IPKW's outperformance in 2025 was driven by exposure to Western Europe and its holdings of bank stocks that were helped by the steepening yield curve. He also attributed the performance to the fund's "selection within industrials (more specifically aerospace and defense) and consumer discretionary (broadline retail and apparel, accessories, and luxury goods)."

The three index ETFs at the bottom of the list all track indexes that incorporate stock repurchases as part of their portfolio construction processes:

-- The Invesco Buyback Achievers ETF PKW tracks the Nasdaq U.S. BuyBack Achievers Index, which is made up of U.S. stocks of companies whose net share counts have been reduced by at least 5% over the trailing 12 months when the index is reconstituted each February and August. The index is weighted by market capitalization with a 5% maximum per holding when it is reconstituted and when it is rebalanced quarterly in January, April, July and October.

-- The Invesco International BuyBack Achievers ETF IPKW follows a similar strategy as it tracks the Nasdaq International Buyback Achievers Index, but that index is only reconstituted once a year in July and rebalanced quarterly.

-- The iShares Core Dividend ETF DIVB tracks the Morningstar U.S. Dividend and Buyback Index, which places "a 75% weight on dividends and 25% on buybacks," according to Morningstar. You can read Morningstar's full description of this index here.

The rightmost column of the table shows the funds' net expense ratios, which match the gross annual expenses as percentages of assets under management, with one exception. For the FPA Global Equity ETF FPAG, the expense ratio is capped at 0.49% until at least April 28.

Top holdings of the Tweedy, Browne Insider + Value ETF

Since COPY holds about 180 stocks and its managers prefer an equal-weighted strategy, a list of the fund's top holdings will indicate that these stocks have recently been strong performers. But it can still help to see examples of stocks held by the fund.

Here are the top 10 stocks held within the Tweedy, Browne Insider + Value ETF portfolio as of Tuesday:

   Company                              Country    COPY portfolio weighting 
   DPM Metals Inc.                      Canada                        1.96% 
   BAWAG Group AG                       Austria                       1.55% 
   Erste Group Bank AG                  Austria                       1.46% 
   Banco Santander SA                   Spain                         1.24% 
   StoneX Group Inc.                    U.S.                          1.17% 
   Burberry Group PLC                   U.K.                          1.10% 
   General Motors Co.                   U.S.                          1.09% 
   HCI Group Inc.                       U.S.                          0.97% 
   Bankinter SA                         Spain                         0.96% 
   Canadian Imperial Bank of Commerce   Canada                        0.93% 
                                               Source: Tweedy, Browne, LSEG 

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01-06-26 1137ET