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
$ 74.1 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 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 6.2% | 2.9% | -4.1% | -3.3% | -10.5% | -- | -- | -6.1% |
| Dividend Yield | 2.3% | 5.8% | 6.1% | 6.7% | 5.8% | -- | -- | 5.5% |
| Total Returns | 8.6% | 8.6% | 1.9% | 3.4% | -4.7% | -- | -- | -0.6% | Ann. Volatility | 14.2% | 14.8% | 16.8% | 17.8% | 18.9% | -- | -- | 23.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.60 | 23% |
| MSCI EAFE | 0.53 | 29% |
| MSCI Emg Mkts | 0.28 | 15% |
Liquidity Measures
| Avg. volume (000) | 41 |
| ADV traded (mns) | $1 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.12% |
Technical Indicators
| 30d moving avg. (EMA) | $13.48 |
| Relative strength (RSI) | 54 |
| MACD/Signal | 0.03/0.02 |
| Bollinger Bands (Upper/Lower) | $13.86/$13.18 |
| Short interest (% of AUM) | 0.1% |
Distributions
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 | -5.2% |
| RIET | Hoya Capital High Dividend Yield ETF | 17.3% | +20 bp | +0.4% |
| SIXS | ETC 6 Meridian Small Cap Equity ETF | 16.9% | +59 bp | -4.4% |
| PSCU | Invesco S&P SmallCap Utilities & Communication Services ETF | 15.4% | -1 bp | -9.3% |
| RDOG | ALPS REIT Dividend Dogs ETF | 15.4% | +5 bp | -0.3% |
| XSVM | Invesco S&P SmallCap Value with Momentum ETF | 14.7% | +6 bp | -4.9% |
| CSB | VictoryShares US Small Cap High Dividend Volatility Wtd ETF | 14.1% | +5 bp | -4.0% |
| SMDV | ProShares Russell 2000 Dividend Growers ETF | 14.0% | +10 bp | -5.9% |
| MORT | VanEck Mortgage REIT Income ETF | 13.2% | +13 bp | +4.4% |
| REM | iShares Mortgage Real Estate ETF | 12.7% | +18 bp | +5.7% |
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 6/3/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
13.1%
ALTAR SCORE™
99th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 1,399 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 2.1%. XSHD's ALTAR Score™ is approximately 3.7 standard
deviations above the category average. This places XSHD in the 99th percentile
among funds in the category.
Sell-Side Consensus
$16.49
PRICE TARGET
+21.4%
UPSIDE