- ISIN
- US73937B3657
- CUSIP
- 46138E131
- Issuer
- Invesco
- Inception Date
- Dec 1, 2016
- Region
- North America (U.S.)
- Category
- Volatility Hedged Equity, Dividend
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P SmallCap 600 Low Volatility High Dividend Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Micro-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $72M
Share Price Chart
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Performance
XSHD Performance Chart
Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD) is up 7.8% since the beginning of the year. XSHD is currently trading at $13 per share. Investors who bought $1,000 worth of XSHD shares 5 years ago would now be looking at an investment worth $787.
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Returns By Period
Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD) has returned 7.80% so far this year and 7.16% over the past 12 months.
Invesco S&P SmallCap High Dividend Low Volatility ETF
- 1D
- -1.52%
- 1M
- -0.22%
- YTD
- 7.80%
- 6M
- 6.80%
- 1Y
- 7.16%
- 3Y*
- 2.04%
- 5Y*
- -4.67%
- 10Y*
- —
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%
XSHD Monthly Returns History
Based on dividend-adjusted daily data since Dec 1, 2016, XSHD's average daily return is +0.01%, while the average monthly return is +0.15%. At this rate, an investment would double in approximately 38.5 years.
Historically, 50% of months were positive and 50% were negative. The best month was Nov 2020 with a return of +17.3%, while the worst month was Mar 2020 at -32.4%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.
On a daily basis, XSHD closed higher 49% of trading days. The best single day was Mar 26, 2020 with a return of +11.8%, while the worst single day was Mar 12, 2020 at -14.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.43% | 0.15% | -2.60% | 5.61% | -0.96% | -0.73% | 7.80% | ||||||
| 2025 | 0.38% | 0.11% | -3.35% | -5.10% | 1.50% | 2.26% | -2.70% | 6.15% | -2.18% | -5.07% | 2.08% | -0.07% | -6.41% |
| 2024 | -5.57% | -2.32% | 3.35% | -6.23% | 3.68% | -2.90% | 11.60% | -0.97% | -0.82% | -4.21% | 7.08% | -6.36% | -5.25% |
| 2023 | 13.04% | -5.82% | -7.49% | -2.28% | -6.75% | 8.29% | 2.88% | -2.84% | -5.84% | -6.41% | 8.84% | 10.54% | 3.00% |
| 2022 | -2.87% | -2.17% | 4.00% | -7.88% | 5.10% | -6.37% | 5.23% | -8.25% | -15.16% | 13.59% | 3.28% | -6.45% | -19.48% |
| 2021 | 1.46% | 8.58% | 4.80% | 1.34% | 2.61% | -0.43% | -2.55% | 1.33% | -4.30% | 2.34% | -4.89% | 7.61% | 18.31% |
Benchmark Metrics
Invesco S&P SmallCap High Dividend Low Volatility ETF has an annualized alpha of -9.88%, beta of 0.84, and R2 of 0.48 versus S&P 500 Index. Calculated based on daily prices since December 01, 2016.
- This ETF participated in 123.43% of S&P 500 Index downside but only 66.54% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.48 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -9.88%
- Beta
- 0.84
- R²
- 0.48
- Upside Capture
- 66.54%
- Downside Capture
- 123.43%
Expense Ratio
XSHD has an expense ratio of 0.30%, placing it in the medium range.
Return for Risk
Risk / Return Rank
XSHD ranks 16 for risk / return — in the bottom 16% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD) 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.
| XSHD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.37 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 2.78 | -2.10 |
| Martin ratioReturn relative to average drawdown | 1.84 | 12.44 | -10.60 |
Dividends
Dividend History
Invesco S&P SmallCap High Dividend Low Volatility ETF provided a 5.77% dividend yield over the last twelve months, with an annual payout of $0.78 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.78 | $0.83 | $1.05 | $1.25 | $1.17 | $0.88 | $1.11 | $1.21 | $1.21 | $1.03 | $0.10 |
Dividend yield | 5.77% | 6.45% | 7.25% | 7.62% | 6.77% | 3.86% | 5.55% | 4.88% | 5.49% | 4.11% | 0.41% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco S&P SmallCap High Dividend Low Volatility 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 | $0.06 | $0.06 | $0.05 | $0.06 | $0.06 | $0.05 | $0.34 | ||||||
| 2025 | $0.09 | $0.09 | $0.09 | $0.07 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.83 |
| 2024 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.08 | $0.08 | $0.08 | $0.09 | $0.09 | $1.05 |
| 2023 | $0.10 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.09 | $0.10 | $0.11 | $0.11 | $1.25 |
| 2022 | $0.09 | $0.09 | $0.09 | $0.09 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.11 | $0.10 | $1.17 |
| 2021 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.88 |
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 SmallCap High Dividend Low Volatility 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 SmallCap High Dividend Low Volatility ETF was 49.53%, occurring on Apr 3, 2020. Recovery took 232 trading sessions.
The current Invesco S&P SmallCap High Dividend Low Volatility ETF drawdown is 24.93%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -49.53%Apr 2020 | 1y 7mo | 11mo 9d | 2y 6moAug 2018 - Mar 2021 |
2025 selloff2025 | -36.84%Apr 2025 | 3y 10mo | — | 5y 14dJun 2021 - now |
2017 pullback2017 | -9.11%Aug 2017 | 7mo 18d | 3mo 1d | 10mo 19dJan 2017 - Nov 2017 |
2018 pullback2018 | -8.67%Feb 2018 | 2mo 15d | 3mo 11d | 5mo 26dNov 2017 - May 2018 |
2021 pullback2021 | -7.89%Mar 2021 | 9d | 2mo 9d | 2mo 18dMar 2021 - Jun 2021 |
Drawdown Indicators
| XSHD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.53% | -56.78% | +7.25% |
Max Drawdown (1Y)Largest decline over 1 year | -10.51% | -9.10% | -1.41% |
Max Drawdown (3Y)Largest decline over 3 years | -20.77% | -18.90% | -1.87% |
Max Drawdown (5Y)Largest decline over 5 years | -34.70% | -25.43% | -9.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -24.93% | -1.80% | -23.13% |
Average DrawdownAverage peak-to-trough decline | -16.39% | -10.71% | -5.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.89% | 2.03% | +1.86% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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