XSHD vs. EELV

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD) and Invesco S&P Emerging Markets Low Volatility ETF (EELV).

XSHD and EELV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XSHD is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Low Volatility High Dividend Index. It was launched on Dec 1, 2016. EELV is a passively managed fund by Invesco that tracks the performance of the S&P BMI Emerging Markets Low Volatility Index. It was launched on Jan 13, 2012. Both XSHD and EELV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

XSHD vs. EELV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD) and Invesco S&P Emerging Markets Low Volatility ETF (EELV). The values are adjusted to include any dividend payments, if applicable.

XSHD vs. EELV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF	4.04%	-6.41%	-5.25%	3.00%	-19.48%	18.31%	-13.55%	17.91%	-7.86%	1.52%
EELV Invesco S&P Emerging Markets Low Volatility ETF	3.75%	21.97%	1.90%	8.85%	-3.98%	16.15%	-3.89%	8.89%	-5.40%	24.89%

Returns By Period

In the year-to-date period, XSHD achieves a 4.04% return, which is significantly higher than EELV's 3.75% return.

XSHD

• 1D: 0.21%
• 1M: -2.97%
• YTD: 4.04%
• 6M: 0.51%
• 1Y: 0.04%
• 3Y*: -1.19%
• 5Y*: -4.92%
• 10Y*: —

EELV

• 1D: 0.39%
• 1M: -1.97%
• YTD: 3.75%
• 6M: 7.21%
• 1Y: 20.71%
• 3Y*: 11.37%
• 5Y*: 8.04%
• 10Y*: 6.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XSHD vs. EELV - Expense Ratio Comparison

Both XSHD and EELV have an expense ratio of 0.30%.

XSHD

Invesco S&P SmallCap High Dividend Low Volatility ETF

EELV

Invesco S&P Emerging Markets Low Volatility ETF

Return for Risk

XSHD vs. EELV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XSHD

XSHD Risk / Return Rank: 12
XSHD Sharpe Ratio Rank: 12
XSHD Sortino Ratio Rank: 11
XSHD Omega Ratio Rank: 11
XSHD Calmar Ratio Rank: 12
XSHD Martin Ratio Rank: 12

EELV

EELV Risk / Return Rank: 83
EELV Sharpe Ratio Rank: 83
EELV Sortino Ratio Rank: 85
EELV Omega Ratio Rank: 83
EELV Calmar Ratio Rank: 83
EELV Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XSHD vs. EELV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD) and Invesco S&P Emerging Markets Low Volatility ETF (EELV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	XSHD	EELV	Difference
Sharpe ratio Return per unit of total volatility	0.00	1.70	-1.70
Sortino ratio Return per unit of downside risk	0.13	2.36	-2.23
Omega ratio Gain probability vs. loss probability	1.02	1.34	-0.32
Calmar ratio Return relative to maximum drawdown	0.02	2.51	-2.49
Martin ratio Return relative to average drawdown	0.05	9.31	-9.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XSHD vs. EELV - Sharpe Ratio Comparison

The current XSHD Sharpe Ratio is 0.00, which is lower than the EELV Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of XSHD and EELV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XSHD	EELV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.00	1.70	-1.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.26	0.70	-0.96
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.46	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.05	0.30	-0.35

Correlation

The correlation between XSHD and EELV is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

XSHD vs. EELV - Dividend Comparison

XSHD's dividend yield for the trailing twelve months is around 5.68%, more than EELV's 3.61% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF	5.68%	6.45%	7.25%	7.62%	6.77%	3.86%	5.55%	4.88%	5.49%	4.11%	0.41%	0.00%
EELV Invesco S&P Emerging Markets Low Volatility ETF	3.61%	3.75%	4.70%	4.00%	3.45%	4.35%	2.82%	3.14%	5.50%	2.92%	2.29%	2.53%

Drawdowns

XSHD vs. EELV - Drawdown Comparison

The maximum XSHD drawdown since its inception was -49.53%, which is greater than EELV's maximum drawdown of -36.35%. Use the drawdown chart below to compare losses from any high point for XSHD and EELV.

Drawdown Indicators

	XSHD	EELV	Difference
Max Drawdown Largest peak-to-trough decline	-49.53%	-36.35%	-13.18%
Max Drawdown (1Y) Largest decline over 1 year	-12.98%	-8.22%	-4.76%
Max Drawdown (5Y) Largest decline over 5 years	-36.84%	-19.04%	-17.80%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.35%	—
Current Drawdown Current decline from peak	-27.55%	-4.91%	-22.64%
Average Drawdown Average peak-to-trough decline	-16.20%	-9.00%	-7.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.69%	2.22%	+2.47%

Volatility

XSHD vs. EELV - Volatility Comparison

The current volatility for Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD) is 4.65%, while Invesco S&P Emerging Markets Low Volatility ETF (EELV) has a volatility of 5.65%. This indicates that XSHD experiences smaller price fluctuations and is considered to be less risky than EELV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XSHD	EELV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.65%	5.65%	-1.00%
Volatility (6M) Calculated over the trailing 6-month period	10.55%	8.40%	+2.15%
Volatility (1Y) Calculated over the trailing 1-year period	18.01%	12.26%	+5.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.99%	11.52%	+7.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.38%	13.70%	+8.68%