XSHQ

Invesco S&P SmallCap Quality ETF

The Invesco S&P SmallCap Quality Portfolio tracks an index of US small-cap stocks selected by return on equity, accruals ratio, and financial leverage. Stocks are weighted by these quality factors and scaled by market cap.


US

EQUITY

Rules-Based

MANAGEMENT STYLE

333.7 M

ASSETS UNDER MGMT

29 bp

EXPENSES
Fund Basics
Fund sponsorInvesco
CategoryUS
Asset classEquity
Websitelink...
Inception dateApr 03, 2017
Assets (mns)$334
Expense ratio29 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionFundamental
WeightingFundamental
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
MUELLER INDUSTRIES INC 3.6 %
JACKSON FINANCIAL INCORPORATION CLASS A 2.9 %
ARMSTRONG WORLD INDUSTRIES 2.4 %
INSTALLED BUILDING PRODUCTS 2.3 %
KONTOOR BRANDS, INC. 2.1 %
BADGER METER INC 2.1 %
ARTISAN PARTNERS ASSET MA -A 2.0 %
ALKERMES PLC 2.0 %
BOISE CASCADE CO 1.8 %
PJT PARTNERS, INC. CLASS A 1.7 %
Constituent Breakdown
Number of holdings117
Herfindahl-Hirschman Index 130
Wgt avg mkt cap (mns)$3,897
Large cap (>$10bn)0.0%
Mid cap ($2-10bn)82.4%
Small cap (<$2bn)17.1%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 93.8 %
BERMUDA 2.8 %
IRELAND 2.0 %
PUERTO RICO 1.9 %
Historical Performance


Standardized Performance (as of 09/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 9.5% 23.2% 21.6% 7.5% 11.3% -- 10.2%
Volatility 17.1% 18.3% 21.1% 21.3% 25.3% -- --
Market Correlations
versus...BetaR-squared
S&P 5000.9763%
MSCI EAFE0.9255%
MSCI Emg Mkts0.6224%
Liquidity Measures
Avg. volume (000)38
Turnover0.5%
Avg. Bid/Ask (% of price)0.29%
ADV of underlying (mns)$2,438
Technical Indicators
Recent close$43.18
30d moving avg.$41.55
Annualized volatility21.8%
Relative strength (RSI)49
Short interest (ETF)0.1%
Short interest (underlying)5.3%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: XSHQ 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 --%
1.4 12.2 2.0 2.0% --
Based on closing prices from 10/4/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
XSHQ



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

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™

XSHQ

8.7%

Cat. Avg

5.5%


ALTAR Score™ Calculation

Category Overview
There are 933 funds in the US Equity category, with an average ALTAR Score™ of 5.5% and a standard deviation of 2.4%. XSHQ's ALTAR Score™ is approximately 1.3 standard deviations above the category average. This places XSHQ in the 91st percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

XSHQ
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
US Equity ETFs
# of ETFs 609
Avg. Expense Ratio 46.6 bp
Std. Deviation 32.9 bp
XSHQ (29 bp) Percentile rank 30
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
XSHQ 29.0 29.2 58.2
Peer Avg. 37.4 15.4 52.8
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .