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.
Fund Basics
Fund sponsor | Invesco PowerShares |
Category | US Equities |
Asset class | Equity |
Website | link... |
Inception date | Dec 01, 2016 |
Assets (mns) | $30 |
Expense ratio | 30 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Monthly |
Taxation | 1099 |
Stock selection | Multi-Factor |
Weighting | Dividend |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
HIGHWOODS PROPERTIES INC | 3.5 % |
ORGANON & CO. | 3.3 % |
ELLINGTON FINANCIAL LLC | 3.0 % |
APOLLO COMMERCIAL REAL ESTAT | 2.8 % |
CAPITAL TRUST-CL A | 2.8 % |
READY CAPITAL CORPORATION | 2.7 % |
GLOBAL NET LEASE INC | 2.7 % |
INNOVATIVE INDUSTRIAL PROPERTIES INC | 2.7 % |
CAL-MAINE FOODS INC | 2.7 % |
EASTERLY GOVERNMENT PROPERTIES, INC. | 2.5 % |
Constituent Breakdown
Number of holdings | 55 |
Herfindahl-Hirschman Index | 260 |
Wgt avg mkt cap (mns) | $1,664 |
Large cap (>$10bn) | 0.0% |
Mid cap ($2-10bn) | 42.1% |
Small cap (<$2bn) | 57.9% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 90.7 % |
Historical Performance
Standardized Annual Returns (as of 04/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
-10.6% | -3.0% | -9.2% | -8.8% | -4.0% | -- | -2.2% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.03 | 63% |
MSCI EAFE | 1.09 | 65% |
MSCI Emg Mkts | 0.77 | 34% |
Liquidity Measures
Avg. volume (000) | 23 |
Turnover | 1.2% |
Avg. Bid/Ask (% of price) | 0.16% |
ADV of underlying (mns) | $851 |
Technical Indicators
Recent close | $15.17 |
30d moving avg. | $15.20 |
Annualized volatility | 23.1% |
Relative strength (RSI) | 67 |
Short interest (ETF) | 0.3% |
Short interest (underlying) | 5.5% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. XSHD |
Expenses vs. XSHD |
ALTAR Score™ vs. XSHD |
---|---|---|---|---|
CSB | VictoryShares US Small Cap High Dividend Volatility Wtd ETF | 21.1% | +5 bp | -3.1% |
SIXS | ETC 6 Meridian Small Cap Equity ETF | 15.6% | +59 bp | -3.2% |
KBWY | Invesco KBW Premium Yield Equity REIT ETF | 13.8% | +5 bp | +7.4% |
DES | WisdomTree U.S. SmallCap Dividend Fund | 13.6% | +8 bp | -4.0% |
XSVM | Invesco S&P SmallCap Value with Momentum ETF | 12.6% | +6 bp | -0.8% |
PSCU | Invesco S&P SmallCap Utilities & Communication Services ETF | 11.9% | -1 bp | -5.9% |
XSLV | Invesco S&P SmallCap Low Volatility ETF | 11.9% | -5 bp | -5.2% |
MORT | VanEck Mortgage REIT Income ETF | 11.9% | +13 bp | +0.9% |
VIOV | Vanguard S&P Small-Cap 600 Value ETF | 11.8% | -15 bp | -3.5% |
REM | iShares Mortgage Real Estate ETF | 11.8% | +18 bp | +1.9% |
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
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
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 5/15/2024
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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
XSHD
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
XSHD
11.8%
Cat. Avg
5.6%
Fund Category: US Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 11.8% |
Recommendation
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
Category Overview
There are 891 funds in the US Equities category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. XSHD's ALTAR Score™ is approximately
2.4 standard deviations
above
the category average. This places XSHD in the 99th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
XSHD
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
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Today's Trading
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Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
XSHD | 30.0 | 15.9 | 45.9 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .