CSD
Invesco S&P Spin-Off ETF
Invesco Spin-Off ETF is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the performance of the Beacon Spin-Off Total Return Index, which is comprised of approximately 40 U.S. stocks of companies that are spin-offs, carve-outs or partial initial public offerings within the past two years.
US
EQUITY
Passive
MANAGEMENT STYLE
74.5 M
ASSETS UNDER MGMT
65 bp
EXPENSES
Fund Basics
| Fund sponsor | Guggenheim |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 15, 2006 |
| Assets (mns) | $75 |
| Expense ratio | 65 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Time Since Listing |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| GE HEALTHCARE TECHNOLOGIES INC. | 7.7 % |
| VERALTO CORPORATION | 7.3 % |
| CONSTELLATION ENERGY CORPORATION | 7.0 % |
| SOLVENTUM CORP | 7.0 % |
| GE VERNOVA INC | 6.9 % |
| KYNDRYL HOLDINGS INCORPORATION | 5.2 % |
| SANDISK CORP/DE | 4.7 % |
| KNIFE RIVER CORPORATION | 4.6 % |
| U-HAUL HOLDING CO | 4.5 % |
| LIBERTY MEDIA CORP-LIBERTY LIVE | 4.4 % |
Constituent Breakdown
| Number of holdings | 14 |
| Herfindahl-Hirschman Index | 494 |
| Wgt avg mkt cap (mns) | $13,614 |
| Large cap (>$10bn) | 28.1% |
| Mid cap ($2-10bn) | 16.0% |
| Small cap (<$2bn) | 6.6% |
| Developed mkts. | 49.9% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 41.6 % |
Historical Performance
Standardized Performance (as of 07/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 5.1% | 14.5% | 20.3% | 16.7% | 16.9% | 6.6% | -- | 6.8% |
| Dividend Yield | 0.0% | 0.0% | 0.3% | 0.5% | 0.7% | 1.1% | -- | 1.1% |
| Total Returns | 5.1% | 14.5% | 20.6% | 17.2% | 17.7% | 7.7% | -- | 7.9% | Ann. Volatility | 31.8% | 28.7% | 23.6% | 23.0% | 23.2% | 24.5% | -- | 23.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.25 | 75% |
| MSCI EAFE | 0.91 | 44% |
| MSCI Emg Mkts | 0.64 | 23% |
Liquidity Measures
| Avg. volume (000) | 5 |
| ADV traded (mns) | $0 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.21% |
Technical Indicators
| Recent close | $88.59 |
| 30d moving avg. | $85.84 |
| Annualized volatility | 22.1% |
| Relative strength (RSI) | 57 |
| Short interest | 0.6% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|
Risk and Returns: CSD vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 8/23/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
CSD
4.0%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.3%. CSD's ALTAR Score™ is approximately
0.7 standard deviations
below
the category average. This places CSD in the 23rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
CSDSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive US Equity ETFs |
| # of ETFs | 192 |
| Avg. Expense Ratio | 31.0 bp |
| Std. Deviation | 25.7 bp |
| (65 bp) Percentile rank | 91 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| CSD | 65.0 | 0.0 | 65 |
| Peer Avg. | 27.2 | 6.3 | 33.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .