- ISIN
- US46137V1594
- CUSIP
- 46137V159
- Issuer
- Invesco
- Inception Date
- Dec 15, 2006
- Region
- North America (U.S.)
- Category
- Mid Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P U.S. Spin-Off Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $215M
Share Price Chart
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Performance
CSD Performance Chart
Invesco S&P Spin-Off ETF (CSD) is up 47.9% since the beginning of the year. CSD is currently trading at $148 per share. Investors who bought $1,000 worth of CSD shares 5 years ago would now be looking at an investment worth $2,369.
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Returns By Period
Invesco S&P Spin-Off ETF (CSD) has returned 47.93% so far this year and 82.98% over the past 12 months. Looking at the last ten years, CSD has achieved an annualized return of 15.26%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
Invesco S&P Spin-Off ETF
- 1D
- 0.87%
- 1M
- 8.78%
- YTD
- 47.93%
- 6M
- 45.35%
- 1Y
- 82.98%
- 3Y*
- 39.20%
- 5Y*
- 18.83%
- 10Y*
- 15.26%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
CSD Monthly Returns History
Based on dividend-adjusted daily data since Dec 15, 2006, CSD's average daily return is +0.05%, while the average monthly return is +1.05%. At this rate, an investment would double in approximately 5.5 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2020 with a return of +21.7%, while the worst month was Mar 2020 at -33.4%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, CSD closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +13.3%, while the worst single day was Mar 16, 2020 at -16.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 11.19% | 8.95% | -6.74% | 13.35% | 8.00% | 6.97% | 47.93% | ||||||
| 2025 | 7.68% | -8.08% | -7.75% | -2.04% | 8.78% | 4.95% | 2.93% | 2.14% | 5.57% | 3.49% | 2.88% | 0.74% | 21.58% |
| 2024 | -3.04% | 8.86% | 4.26% | -3.75% | 4.60% | -2.54% | 8.31% | 1.33% | 5.12% | 2.90% | 7.54% | -7.44% | 27.61% |
| 2023 | 11.08% | -0.71% | -2.01% | -1.92% | -4.14% | 6.76% | 5.02% | -1.92% | -4.27% | -4.66% | 10.91% | 9.43% | 23.77% |
| 2022 | -3.49% | -0.91% | 1.04% | -5.33% | 0.96% | -13.05% | 8.92% | -1.68% | -10.88% | 11.95% | 5.79% | -6.38% | -15.04% |
| 2021 | 1.57% | 7.60% | 3.79% | 2.79% | 1.87% | -2.01% | 0.68% | 3.14% | -6.19% | 3.49% | -6.98% | 3.55% | 13.01% |
Benchmark Metrics
Invesco S&P Spin-Off ETF has an annualized alpha of 2.90%, beta of 0.96, and R2 of 0.64 versus S&P 500 Index. Calculated based on daily prices since December 15, 2006.
- This ETF captured 124.00% of S&P 500 Index gains and 114.54% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This ETF generated an annualized alpha of 2.90% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.96 and R2 of 0.64, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 2.90%
- Beta
- 0.96
- R²
- 0.64
- Upside Capture
- 124.00%
- Downside Capture
- 114.54%
Expense Ratio
CSD has an expense ratio of 0.65%, placing it in the medium range.
Return for Risk
Risk / Return Rank
CSD ranks 93 for risk / return — in the top 93% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco S&P Spin-Off ETF (CSD) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CSD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.37 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.37 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 7.36 | 2.78 | +4.57 |
| Martin ratioReturn relative to average drawdown | 28.78 | 12.44 | +16.34 |
Dividends
Dividend History
Invesco S&P Spin-Off ETF provided a 0.11% dividend yield over the last twelve months, with an annual payout of $0.16 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.16 | $0.16 | $0.14 | $0.33 | $0.45 | $0.45 | $0.55 | $0.55 | $0.42 | $0.31 | $0.70 | $1.00 |
Dividend yield | 0.11% | 0.16% | 0.17% | 0.51% | 0.86% | 0.73% | 0.99% | 1.08% | 0.99% | 0.60% | 1.62% | 2.61% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco S&P Spin-Off ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.16 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.33 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.45 | $0.45 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.45 | $0.45 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco S&P Spin-Off ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco S&P Spin-Off ETF was 70.47%, occurring on Nov 20, 2008. Recovery took 1020 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -70.47%Nov 2008 | 1y 4mo | 4y 22d | 5y 4moJul 2007 - Dec 2012 |
COVID crash2020 | -57.55%Mar 2020 | 1y 5mo | 9mo 3d | 2y 2moSep 2018 - Dec 2020 |
2016 bear market2016 | -31.85%Feb 2016 | 10mo 4d | 1y 2mo | 2y 13dApr 2015 - Apr 2017 |
2025 selloff2025 | -30.15%Apr 2025 | 2mo 14d | 4mo 21d | 7mo 5dJan 2025 - Aug 2025 |
Bear market2022 | -29.31%Sep 2022 | 1y 27d | 1y 4mo | 2y 5moSep 2021 - Feb 2024 |
Drawdown Indicators
| CSD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.47% | -56.78% | -13.69% |
Max Drawdown (1Y)Largest decline over 1 year | -11.34% | -9.10% | -2.24% |
Max Drawdown (3Y)Largest decline over 3 years | -30.15% | -18.90% | -11.25% |
Max Drawdown (5Y)Largest decline over 5 years | -30.15% | -25.43% | -4.72% |
Max Drawdown (10Y)Largest decline over 10 years | -57.55% | -33.92% | -23.63% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -14.20% | -10.71% | -3.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 2.03% | +0.86% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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