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

330.4 M

ASSETS UNDER MGMT

29 bp

EXPENSES
Fund Basics
Fund sponsorInvesco
CategoryUS
Asset classEquity
Websitelink...
Inception dateApr 03, 2017
Assets (mns)$330
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  + 
STERLING CONSTRUCTION CO 2.4 %
ARMSTRONG WORLD INDUSTRIES 2.4 %
BADGER METER INC 2.4 %
BRINKER INTERNATIONAL INC 2.4 %
INTERDIGITAL INC 2.1 %
MOELIS & CO - CLASS A 1.9 %
PJT PARTNERS, INC. CLASS A 1.9 %
ARTISAN PARTNERS ASSET MA -A 1.8 %
K12 INC 1.7 %
RYMAN HOSPITALITY PROPERTIES 1.7 %
Constituent Breakdown
Number of holdings117
Herfindahl-Hirschman Index 123
Wgt avg mkt cap (mns)$3,190
Large cap (>$10bn)74.0%
Mid cap ($2-10bn)22.5%
Small cap (<$2bn)0.0%
Developed mkts.95.7%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 94.6 %
PUERTO RICO 2.2 %
IRELAND 1.4 %
Historical Performance


Standardized Performance (as of 06/30/2025)
 YTD1 YR2 YR3 YR5 YR10 YR20 YRIncep.
Price Returns -3.8% 4.8% 6.3% 9.5% 10.0% -- -- 6.4%
Dividend Yield 0.0% 0.4% 0.8% 1.2% 1.4% -- -- 1.3%
Total Returns -3.8% 5.1% 7.1% 10.7% 11.4% -- -- 7.7%
Ann. Volatility 25.3% 24.2% 20.9% 21.7% 22.3% -- -- 23.2%
Market Correlations
versus...BetaR-squared
S&P 5001.1363%
MSCI EAFE0.8638%
MSCI Emg Mkts0.4812%
Liquidity Measures
Avg. volume (000)46
ADV traded (mns)$2
Turnover0.6%
Avg. Bid/Ask (% of price)0.29%
Technical Indicators
Recent close$41.72
30d moving avg.$40.27
Annualized volatility22.9%
Relative strength (RSI)55
Short interest0.6%
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: vs. Comps (1 YR)

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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 7/3/2025
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™

XSHQ

7.3%

Cat. Avg

5.7%


ALTAR Score™ Calculation

Category Overview
There are 963 funds in the US Equity category, with an average ALTAR Score™ of 5.7% and a standard deviation of 2.3%. XSHQ's ALTAR Score™ is approximately 0.7 standard deviations above the category average. This places XSHQ in the 76th 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
(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 0.0 29
Peer Avg. 37.5 15.5 52.9
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .