| Label | Element | Value | ||
|---|---|---|---|---|
| Invesco S&P SmallCap 600 GARP ETF | ||||
| Risk/Return: | rr_RiskReturnAbstract | |||
| Risk/Return [Heading] | rr_RiskReturnHeading | Summary Information | ||
| Objective [Heading] | rr_ObjectiveHeading | Investment Objective | ||
| Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | The Invesco S&P SmallCap 600® GARP ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the S&P SmallCap 600® GARP Index (the “Underlying Index”).
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| Expense [Heading] | rr_ExpenseHeading | Fund Fees and Expenses | ||
| Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Fund (“Shares”). You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the table and example below.
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| Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
| Portfolio Turnover [Heading] | rr_PortfolioTurnoverHeading | Portfolio Turnover. | ||
| Portfolio Turnover [Text Block] | rr_PortfolioTurnoverTextBlock | The Fund pays transaction costs, such as commissions, when it purchases and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate will cause the Fund to incur additional transaction costs and may result in higher taxes when Shares are held in a taxable account. These costs, which are not reflected in the Total Annual Fund Operating Expenses or in the example, may affect the Fund's performance. As of the date of this prospectus, the Fund has not yet commenced operations and portfolio turnover data therefore is not available.
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| Other Expenses, New Fund, Based on Estimates [Text] | rr_OtherExpensesNewFundBasedOnEstimates | “Other Expenses” are based on estimated amounts for the current fiscal year. | ||
| Expense Example [Heading] | rr_ExpenseExampleHeading | Example. | ||
| Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then sell all of your Shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. This example does not include brokerage commissions that investors may pay to buy and sell Shares. Although your actual costs may be higher or lower, your costs, based on these assumptions, would be:
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| Strategy [Heading] | rr_StrategyHeading | Principal Investment Strategies | ||
| Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | The Fund generally will invest at least 90% of its total assets in securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, S&P Dow Jones Indices LLC (the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is designed to track the performance of approximately 90 growth stocks in the S&P SmallCap 600® Index (the “Parent Index”) with relatively high quality and value composite scores, which are computed as described below. The Parent Index measures the performance of the small-cap segment of the U.S. equity market and is comprised of approximately 600 securities. The Fund defines small-capitalization companies as companies whose securities are included in the Parent Index. As of the date of this prospectus, companies eligible for inclusion in the Parent Index had a market capitalization between $900 million and $5.8 billion at the time of their inclusion in the Parent Index; these market capitalization guidelines may fluctuate depending on the overall level of equity markets. In selecting constituent securities for the Underlying Index, the Index Provider first identifies stocks that exhibit growth characteristics by calculating the growth score for each stock in the Parent Index. A stock’s growth score is the average of its: (i) three-year earnings per share (“EPS”) growth, calculated as a company’s three-year EPS compound annual growth rate and (ii) three-year sales per share (“SPS”) growth, calculated as a company’s three-year SPS compound annual growth rate. Stocks are ranked by growth score and the 180 stocks with the highest growth scores remain eligible for inclusion in the Underlying Index.
The Index Provider then calculates a quality/value (“QV”) composite score for each of these 180 stocks. A stock’s QV composite score is the average of its: (i) financial leverage ratio, calculated as a company’s latest total debt divided by its book value; (ii) return on equity, calculated as a company’s trailing 12-month EPS divided by its latest book value per share; and (iii) earnings-to-price ratio, calculated as a company’s trailing 12-month EPS divided by its price. In accordance with the Underlying Index methodology, the Index Provider ranks these 180 stocks by QV composite score. The top 90 stocks resulting from this ranking comprise the Underlying Index.
The constituents of the Underlying Index are weighted based on their respective growth scores, such that stocks with relatively higher growth scores will have a greater weighting in the Underlying Index. No security will have a weight that is less than 0.05% or more than 5% of the Underlying Index. Additionally, each sector, as defined according to the Global Industry Classification Standard (“GICS®”), will be subject to a maximum weight of 40%.
As of February 29, 2024, the Underlying Index was comprised of 88 constituents with market capitalizations ranging from $436.7 million to $7.8 billion. The Fund employs a “full replication” methodology in seeking to track the Underlying Index, meaning that the Fund generally invests in all of the securities comprising the Underlying Index in proportion to their weightings in the Underlying Index.
The Fund is “non-diversified” and therefore is not required to meet certain diversification requirements under the Investment Company Act of 1940, as amended (the “1940 Act”). Concentration Policy. The Fund will concentrate its investments (i.e., invest more than 25% of the value of its net assets) in securities of issuers in any one industry or group of industries only to the extent that the Underlying Index reflects a concentration in that industry or group of industries. The Fund will not otherwise concentrate its investments in securities of issuers in any one industry or group of industries. As of February 29, 2024, the Underlying Index had significant exposure to the consumer discretionary sector. The Fund's portfolio, and the extent to which it concentrates its investments, are likely to change over time.
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| Risk [Heading] | rr_RiskHeading | Principal Risks of Investing in the Fund | ||
| Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | Performance | ||
| Performance Narrative [Text Block] | rr_PerformanceNarrativeTextBlock | As of the date of this prospectus, the Fund has not commenced operations and therefore does not have a performance history. Once available, the Fund's performance information will be accessible on the Fund's website at www.invesco.com/ETFs and will provide some indication of the risks of investing in the Fund.
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| Performance One Year or Less [Text] | rr_PerformanceOneYearOrLess | As of the date of this prospectus, the Fund has not commenced operations and therefore does not have a performance history. | ||
| Performance Availability Website Address [Text] | rr_PerformanceAvailabilityWebSiteAddress | www.invesco.com/ETFs | ||
| Invesco S&P SmallCap 600 GARP ETF | Risk Lose Money [Member] | ||||
| Risk/Return: | rr_RiskReturnAbstract | |||
| Risk [Text Block] | rr_RiskTextBlock | The Shares will change in value, and you could lose money by investing in the Fund. | ||
| Invesco S&P SmallCap 600 GARP ETF | Market Risk [Member] | ||||
| Risk/Return: | rr_RiskReturnAbstract | |||
| Risk [Text Block] | rr_RiskTextBlock | Market Risk. Securities in the Underlying Index are subject to market fluctuations. You should anticipate that the value of the Shares will decline, more or less, in correlation with any decline in value of the securities in the Underlying Index. Additionally, natural or environmental disasters, widespread disease or other public health issues, war, military conflicts, acts of terrorism, economic crises or other events could result in increased premiums or discounts to the Fund’s net asset value (“NAV”). | ||
| Invesco S&P SmallCap 600 GARP ETF | Index Risk [Member] | ||||
| Risk/Return: | rr_RiskReturnAbstract | |||
| Risk [Text Block] | rr_RiskTextBlock | Index Risk. Unlike many investment companies, the Fund does not utilize an investing strategy that seeks returns in excess of the Underlying Index. Therefore, the Fund would not necessarily buy or sell a security unless that security is added or removed, respectively, from the Underlying Index, even if that security generally is underperforming. Additionally, the Fund rebalances its portfolio in accordance with the Underlying Index, and, therefore, any changes to the Underlying Index’s rebalance schedule will result in corresponding changes to the Fund’s rebalance schedule. | ||
| Invesco S&P SmallCap 600 GARP ETF | Small-Capitalization Company Risk [Member] | ||||
| Risk/Return: | rr_RiskReturnAbstract | |||
| Risk [Text Block] | rr_RiskTextBlock | Small-Capitalization Company Risk. Investing in securities of small-capitalization companies involves greater risk than customarily is associated with investing in larger, more established companies. These companies' securities may be more volatile than those of more established companies. Securities of small-capitalization companies may be more thinly traded (that is, less liquid) than those of more established companies, making it difficult for the Fund to buy and sell them. These securities may have returns that vary, sometimes significantly, from the overall securities market. Often small-capitalization companies and the industries in which they focus are still evolving, and, as a result, they may be more sensitive to changing market conditions. | ||
| Invesco S&P SmallCap 600 GARP ETF | Equity Risk [Member] | ||||
| Risk/Return: | rr_RiskReturnAbstract | |||
| Risk [Text Block] | rr_RiskTextBlock | Equity Risk. Equity risk is the risk that the value of equity securities, including common stocks, may fall due to both changes in general economic conditions that impact the market as a whole, as well as factors that directly relate to a specific company or its industry. Such general economic conditions include changes in interest rates, periods of market turbulence or instability, or general and prolonged periods of economic decline and cyclical change. It is possible that a drop in the stock market may depress the price of most or all of the common stocks that the Fund holds. In addition, equity risk includes the risk that investor sentiment toward one or more industries will become negative, resulting in those investors exiting their investments in those industries, which could cause a reduction in the value of companies in those industries more broadly. The value of a company's common stock may fall solely because of factors, such as an increase in production costs, that negatively impact other companies in the same region, industry or sector of the market. A company's common stock also may decline significantly in price over a short period of time due to factors specific to that company, including decisions made by its management or lower demand for the company's products or services. For example, an adverse event, such as an unfavorable earnings report or the failure to make anticipated dividend payments, may depress the value of common stock. | ||
| Invesco S&P SmallCap 600 GARP ETF | Growth Investing Risk [Member] | ||||
| Risk/Return: | rr_RiskReturnAbstract | |||
| Risk [Text Block] | rr_RiskTextBlock | Growth Investing Risk. The market values of “growth” securities may be more volatile than other types of investments. The returns on “growth” securities may or may not move in tandem with the returns on other styles of investing or the overall stock market. Growth securities typically invest a high portion of their earnings back into their business and may lack the dividend yield that could cushion their decline in a market downturn. Thus, the value of the Fund’s investments will vary and at times may be lower than that of other types of investments. | ||
| Invesco S&P SmallCap 600 GARP ETF | Value Investing Risk [Member] | ||||
| Risk/Return: | rr_RiskReturnAbstract | |||
| Risk [Text Block] | rr_RiskTextBlock | Value Investing Risk. Value securities are subject to the risk that their valuations never improve or that the returns on value securities are less than returns on other styles of investing or the overall stock market. Thus, the value of the Fund’s investments will vary and, at times, may be lower than that of other types of investments. | ||
| Invesco S&P SmallCap 600 GARP ETF | Industry Concentration Risk [Member] | ||||
| Risk/Return: | rr_RiskReturnAbstract | |||
| Risk [Text Block] | rr_RiskTextBlock | Industry Concentration Risk. In following its methodology, the Underlying Index from time to time may be concentrated to a significant degree in securities of issuers operating in a single industry or industry group. To the extent that the Underlying Index concentrates in the securities of issuers in a particular industry or industry group, the Fund will also concentrate its investments to approximately the same extent. By concentrating its investments in an industry or industry group, the Fund may face more risks than if it were diversified broadly over numerous industries or industry groups. Such industry-based risks, any of which may adversely affect the companies in which the Fund invests, may include, but are not limited to, the following: general economic conditions or cyclical market patterns that could negatively affect supply and demand in a particular industry; competition for resources; adverse labor relations; political or world events; obsolescence of technologies; and increased competition or new product introductions that may affect the profitability or viability of companies in an industry. In addition, at times, such industry or industry group may be out of favor and underperform other industries or the market as a whole. | ||
| Invesco S&P SmallCap 600 GARP ETF | Consumer Discretionary Sector Risk [Member] | ||||
| Risk/Return: | rr_RiskReturnAbstract | |||
| Risk [Text Block] | rr_RiskTextBlock | Consumer Discretionary Sector Risk. Companies engaged in the consumer discretionary sector are affected by fluctuations in supply and demand and changes in consumer preferences, social trends and marketing campaigns. Changes in consumer spending as a result of world events, political and economic conditions, commodity price volatility, changes in exchange rates, imposition of import controls, increased competition, depletion of resources and labor relations also may adversely affect these companies. | ||
| Invesco S&P SmallCap 600 GARP ETF | Non-Diversified Fund Risk [Member] | ||||
| Risk/Return: | rr_RiskReturnAbstract | |||
| Risk [Text Block] | rr_RiskTextBlock | Non-Diversified Fund Risk. Because the Fund is non-diversified and can invest a greater portion of its assets in securities of individual issuers than a diversified fund, changes in the market value of a single investment could cause greater fluctuations in Share price than would occur in a diversified fund. This may increase the Fund's volatility and cause the performance of a relatively small number of issuers to have a greater impact on the Fund's performance. | ||
| Invesco S&P SmallCap 600 GARP ETF | Issuer-Specific Changes Risk [Member] | ||||
| Risk/Return: | rr_RiskReturnAbstract | |||
| Risk [Text Block] | rr_RiskTextBlock | Issuer-Specific Changes Risk. The value of an individual security or particular type of security may be more volatile than the market as a whole and may perform differently from the value of the market as a whole. | ||
| Invesco S&P SmallCap 600 GARP ETF | Non-Correlation Risk [Member] | ||||
| Risk/Return: | rr_RiskReturnAbstract | |||
| Risk [Text Block] | rr_RiskTextBlock | Non-Correlation Risk. The Fund's return may not match the return of the Underlying Index for a number of reasons. For example, the Fund incurs operating expenses not applicable to the Underlying Index, and incurs costs in buying and selling securities, especially when rebalancing the Fund's securities holdings to reflect changes in the composition of the Underlying Index. In addition, the performance of the Fund and the Underlying Index may vary due to asset valuation differences and differences between the Fund's portfolio and the Underlying Index resulting from legal restrictions, costs or liquidity constraints. | ||
| Invesco S&P SmallCap 600 GARP ETF | Authorized Participant Concentration Risk [Member] | ||||
| Risk/Return: | rr_RiskReturnAbstract | |||
| Risk [Text Block] | rr_RiskTextBlock | Authorized Participant Concentration Risk. Only authorized participants (“APs”) may engage in creation or redemption transactions directly with the Fund. The Fund has a limited number of institutions that may act as APs and such APs have no obligation to submit creation or redemption orders. Consequently, there is no assurance that APs will establish or maintain an active trading market for the Shares. This risk may be heightened to the extent that securities held by the Fund are traded outside a collateralized settlement system. In that case, APs may be required to post collateral on certain trades on an agency basis (i.e., on behalf of other market participants), which only a limited number of APs may be able to do. In addition, to the extent that APs exit the business or are unable to proceed with creation and/or redemption orders with respect to the Fund and no other AP is able to step forward to create or redeem Creation Units (as defined below), this may result in a significantly diminished trading market for Shares, and Shares may be more likely to trade at a premium or discount to the Fund's NAV and to face trading halts and/or delisting. | ||
| Invesco S&P SmallCap 600 GARP ETF | Market Trading Risk [Member] | ||||
| Risk/Return: | rr_RiskReturnAbstract | |||
| Risk [Text Block] | rr_RiskTextBlock | Market Trading Risk. The Fund faces numerous market trading risks, including the potential lack of an active market for the Shares, losses from trading in secondary markets, and disruption in the creation/redemption process of the Fund. In stressed market conditions, the market for Shares may become less liquid in response to deteriorating liquidity in the markets for the Fund’s portfolio holdings, which may cause a variance in the market price of Shares and their underlying NAV. In addition, an exchange or market may issue trading halts on specific securities or financial instruments. As a result, the ability to trade certain securities or financial instruments may be restricted, which may disrupt the Fund’s creation/redemption process, potentially affect the price at which Shares trade in the secondary market, and/or result in the Fund being unable to trade certain securities or financial instruments at all. In these circumstances, the Fund may be unable to rebalance its portfolio, may be unable to accurately price its investments and/or may incur substantial trading losses. Any of these factors may lead to the Shares trading at a premium or discount to the Fund's NAV. | ||
| Invesco S&P SmallCap 600 GARP ETF | Operational Risk [Member] | ||||
| Risk/Return: | rr_RiskReturnAbstract | |||
| Risk [Text Block] | rr_RiskTextBlock | Operational Risk. The Fund is exposed to operational risks arising from a number of factors, including, but not limited to, human error, processing and communication errors, errors of the Fund’s service providers, counterparties or other third-parties, failed or inadequate processes and technology or systems failures. The Fund and its investment adviser, Invesco Capital Management LLC (the “Adviser”), seek to reduce these operational risks through controls and procedures. However, these measures do not address every possible risk and may be inadequate to address these risks. | ||
| Invesco S&P SmallCap 600 GARP ETF | Shares May Trade at Prices Different than NAV [Member] | ||||
| Risk/Return: | rr_RiskReturnAbstract | |||
| Risk [Text Block] | rr_RiskTextBlock | Shares May Trade at Prices Different than NAV. Shares trade on a stock exchange at prices at, above or below the Fund’s most recent NAV. The Fund’s NAV is calculated at the end of each business day and fluctuates with changes in the market value of the Fund’s holdings. The trading price of the Shares fluctuates continuously throughout trading hours on the exchange, based on both the relative market supply of, and demand for, the Shares and the underlying value of the Fund’s portfolio holdings. As a result, the trading prices of the Shares may deviate from the Fund’s NAV. ANY OF THESE FACTORS, AMONG OTHERS, MAY LEAD TO THE SHARES TRADING AT A PREMIUM OR DISCOUNT TO NAV. | ||
| Invesco S&P SmallCap 600 GARP ETF | Invesco S&P SmallCap 600 GARP ETF | ||||
| Risk/Return: | rr_RiskReturnAbstract | |||
| Management Fees | rr_ManagementFeesOverAssets | 0.35% | ||
| Other Expenses | rr_OtherExpensesOverAssets | none | [1] | |
| Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 0.35% | ||
| Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | $ 36 | ||
| Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | $ 113 | ||
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