XSHD
Invesco S&P SmallCap High Dividend Low Volatility ETF
The Invesco S&P SmallCap High Dividend Low Volatility ETF tracks a dividend-yield-weighted index of the 60 least volatile stocks chosen from a list of the 90 highest-yielding US small-cap stocks.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 71.2 M
ASSETS UNDER MGMT
30 bp
EXPENSES
Fund Basics
| Inception date | Dec 01, 2016 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Monthly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| GLOBAL NET LEASE INC | 3.6 % |
| INNOVATIVE INDUSTRIAL PROPERTIES INC | 3.2 % |
| ARMADA HOFFLER PROPERTIES IN | 3.0 % |
| EASTERLY GOVERNMENT PROPERTIES INC | 3.0 % |
| BRANDYWINE REALTY TRUST | 2.9 % |
| TWO HARBORS INVESTMENT CORP | 2.9 % |
| ARBOR REALTY TRUST INC | 2.9 % |
| DELUXE CORP | 2.9 % |
| ARMOUR RESIDENTIAL REIT INC | 2.8 % |
| READY CAPITAL CORPORATION | 2.6 % |
Constituent Breakdown
| Number of holdings | 56 |
| Herfindahl-Hirschman Index | 209 |
| Wgt avg mkt cap (mns) | $1,388 |
| Large cap (>$10bn) | 19.4% |
| Mid cap ($2-10bn) | 71.5% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 90.9% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 90.9 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 5.6% | -6.4% | -5.1% | -9.4% | -9.2% | -- | -- | -6.3% |
| Dividend Yield | 1.0% | 5.7% | 6.3% | 6.5% | 5.8% | -- | -- | 5.5% |
| Total Returns | 6.6% | -0.7% | 1.2% | -2.9% | -3.4% | -- | -- | -0.8% | Ann. Volatility | 15.1% | 18.0% | 17.2% | 18.4% | 19.2% | -- | -- | 23.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.61 | 43% |
| MSCI EAFE | 0.71 | 43% |
| MSCI Emg Mkts | 0.54 | 29% |
Liquidity Measures
| Avg. volume (000) | 37 |
| ADV traded (mns) | $0 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.11% |
Technical Indicators
| 30d moving avg. (EMA) | $13.51 |
| Relative strength (RSI) | 51 |
| MACD/Signal | 0.02/0.04 |
| Bollinger Bands (Upper/Lower) | $13.80/$13.36 |
| Short interest (% of AUM) | 0.1% |
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. XSHD |
Expenses vs. XSHD |
ALTAR Score™ vs. XSHD |
|---|---|---|---|---|
| XSLV | Invesco S&P SmallCap Low Volatility ETF | 20.5% | -5 bp | -5.4% |
| RIET | Hoya Capital High Dividend Yield ETF | 17.5% | +20 bp | +0.3% |
| SIXS | ETC 6 Meridian Small Cap Equity ETF | 16.5% | +59 bp | -4.6% |
| PSCU | Invesco S&P SmallCap Utilities & Communication Services ETF | 15.4% | -1 bp | -9.2% |
| CSB | VictoryShares US Small Cap High Dividend Volatility Wtd ETF | 15.4% | +5 bp | -4.0% |
| XSVM | Invesco S&P SmallCap Value with Momentum ETF | 14.7% | +6 bp | -4.1% |
| RDOG | ALPS REIT Dividend Dogs ETF | 14.7% | +5 bp | +0.3% |
| MORT | VanEck Mortgage REIT Income ETF | 14.2% | +13 bp | +3.5% |
| SMDV | ProShares Russell 2000 Dividend Growers ETF | 13.9% | +10 bp | -6.0% |
| REM | iShares Mortgage Real Estate ETF | 13.7% | +18 bp | +5.3% |
Risk and Returns: XSHD 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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| 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 | 2025 | 2026 | 2027 | |
| 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 3/13/2026
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
13.6%
ALTAR SCORE™
99th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 1,189 funds in the US Equity category with an average
ALTAR Score™ of 5.7% and a standard deviation
of 2.1%. XSHD's ALTAR Score™ is approximately 3.8 standard
deviations above the category average. This places XSHD in the 99th percentile
among funds in the category.
Sell-Side Consensus
$16
PRICE TARGET
+22.7%
UPSIDE