XSHQ vs. SPY
Compare and contrast key facts about Invesco S&P SmallCap Quality ETF (XSHQ) and SPDR S&P 500 ETF (SPY).
XSHQ and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XSHQ is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Quality Index. It was launched on Apr 6, 2017. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both XSHQ and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XSHQ or SPY.
Key characteristics
| XSHQ | SPY | |
|---|---|---|
| YTD Return | 19.72% | 27.16% |
| 1Y Return | 37.94% | 37.73% |
| 3Y Return (Ann) | 6.88% | 10.28% |
| 5Y Return (Ann) | 12.53% | 15.97% |
| Sharpe Ratio | 1.94 | 3.25 |
| Sortino Ratio | 2.85 | 4.32 |
| Omega Ratio | 1.34 | 1.61 |
| Calmar Ratio | 3.35 | 4.74 |
| Martin Ratio | 11.18 | 21.51 |
| Ulcer Index | 3.60% | 1.85% |
| Daily Std Dev | 20.73% | 12.20% |
| Max Drawdown | -38.33% | -55.19% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between XSHQ and SPY is 0.69, 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.
Performance
XSHQ vs. SPY - Performance Comparison
In the year-to-date period, XSHQ achieves a 19.72% return, which is significantly lower than SPY's 27.16% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XSHQ vs. SPY - Expense Ratio Comparison
XSHQ has a 0.29% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
XSHQ vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Quality ETF (XSHQ) and SPDR S&P 500 ETF (SPY). 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.
Dividends
XSHQ vs. SPY - Dividend Comparison
XSHQ's dividend yield for the trailing twelve months is around 1.01%, less than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XSHQ Invesco S&P SmallCap Quality ETF | 1.01% | 1.15% | 2.02% | 1.25% | 1.24% | 1.11% | 1.16% | 0.79% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
XSHQ vs. SPY - Drawdown Comparison
The maximum XSHQ drawdown since its inception was -38.33%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for XSHQ and SPY. For additional features, visit the drawdowns tool.
Volatility
XSHQ vs. SPY - Volatility Comparison
Invesco S&P SmallCap Quality ETF (XSHQ) has a higher volatility of 7.89% compared to SPDR S&P 500 ETF (SPY) at 3.92%. This indicates that XSHQ's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.