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
72.2 M
ASSETS UNDER MGMT
30 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 01, 2016 |
| Assets (mns) | $72 |
| 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 +
| GLOBAL NET LEASE INC | 3.3 % |
| UNIVERSAL HEALTH RLTY INCOME | 3.3 % |
| CLEARWAY ENERGY, INC. CLASS C | 3.0 % |
| NEW YORK MORTGAGE TRUST INC | 3.0 % |
| APOLLO COMMERCIAL REAL ESTAT | 3.0 % |
| TWO HARBORS INVESTMENT CORP | 2.8 % |
| HIGHWOODS PROPERTIES INC | 2.7 % |
| UNIVERSAL CORP/VA | 2.7 % |
| BRANDYWINE REALTY TRUST | 2.7 % |
| ARMOUR RESIDENTIAL REIT INC | 2.7 % |
Constituent Breakdown
| Number of holdings | 55 |
| Herfindahl-Hirschman Index | 205 |
| Wgt avg mkt cap (mns) | $1,579 |
| Large cap (>$10bn) | 29.5% |
| Mid cap ($2-10bn) | 57.4% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 87.9% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 87.5 % |
Historical Performance
Standardized Performance (as of 05/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -9.1% | -10.7% | -6.2% | -14.7% | -3.1% | -- | -- | -7.1% |
| Dividend Yield | 0.0% | 2.6% | 5.1% | 5.1% | 5.3% | -- | -- | 5.0% |
| Total Returns | -9.1% | -8.1% | -1.1% | -9.6% | 2.3% | -- | -- | -2.1% | Ann. Volatility | 21.5% | 19.0% | 19.3% | 20.8% | 21.8% | -- | -- | 23.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.08 | 59% |
| MSCI EAFE | 1.02 | 56% |
| MSCI Emg Mkts | 0.69 | 25% |
Liquidity Measures
| Avg. volume (000) | 47 |
| ADV traded (mns) | $1 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.16% |
Technical Indicators
| Recent close | $13.34 |
| 30d moving avg. | $13.29 |
| Annualized volatility | 23.7% |
| Relative strength (RSI) | 49 |
| Short interest | 0.3% |
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. |
|---|---|---|---|---|
| XSLV | Invesco S&P SmallCap Low Volatility ETF | 22.5% | -5 bp | +8.1% |
| CSB | VictoryShares US Small Cap High Dividend Volatility Wtd ETF | 20.3% | +5 bp | +10.0% |
| SMDV | ProShares Russell 2000 Dividend Growers ETF | 18.5% | +10 bp | +7.8% |
| PSCU | Invesco S&P SmallCap Utilities & Communication Services ETF | 18.2% | -1 bp | +4.8% |
| MORT | VanEck Mortgage REIT Income ETF | 16.7% | +13 bp | +53.2% |
| REM | iShares Mortgage Real Estate ETF | 16.4% | +18 bp | +63.1% |
| RIET | Hoya Capital High Dividend Yield ETF | 16.1% | +20 bp | +46.1% |
| DIV | Global X SuperDividend US ETF | 14.0% | +15 bp | +12.2% |
| DES | WisdomTree U.S. SmallCap Dividend Fund | 13.4% | +8 bp | +9.9% |
| KBWY | Invesco KBW Premium Yield Equity REIT ETF | 13.4% | +5 bp | +9.7% |
Risk and Returns: 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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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 6/16/2025
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.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Rating
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.
ALTAR Score™
13.4%
Cat. Avg
5.9%
ALTAR Score™ Calculation
Category Overview
There are 935 funds in the US Equity category, with an average ALTAR Score™
of 5.9% and a standard deviation of
2.3%. 's ALTAR Score™ is approximately
3.2 standard deviations
above
the category average. This places in the 99th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
XSHDSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| (30 bp) Percentile rank | 31 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| 30.0 | 0.0 | 30 | |
| Peer Avg. | 36.6 | 15.4 | 52.0 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .