
Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD)
ETF overview
XSHD doesn`t make much effort to resemble the broader market. The fund delivers its mandate by screening the US small-cap universe for high dividend yields, and then screening the results for low volatility. The order is important because it may translate into a greater emphasis on yield than volatility. Furthermore, holdings are weighted by dividend yield. While there are limits to prevent too much exposure to any one sector or firm, those limits are loose enough that XSHD`s portfolio of 90 names can diverge significantly from market-neutral, look for an overweight to defensive sectors, for example. XSHD charges a reasonable fee for a dividend play, though plain-vanilla competitors are available for a fraction of the price. Note that the same methodology is used by SPHD (which holds US large-caps) and IDHD (developed international equity).
Fund facts
- Expense ratio
- 0.30%
- Fund assets
- 62.86M USD (all share classes)
- Issuer
- Invesco
- Inception date
- Dec 1, 2016
- Number of holdings
- 56
Breakdown
Holdings (56)
| Name | Ticker | Weight |
|---|---|---|
| Conagra Brands Inc | CAG | 3.58% |
| Rithm Capital Corp | NRZ | 3.57% |
| Ellington Financial Inc | EFC | 3.32% |
| Innovative Industrial Properties Inc | IIPR | 3.20% |
| ARMOUR Residential REIT Inc | ARR | 3.13% |
| Millrose Properties Inc | MRP | 2.91% |
| Global Net Lease Inc | GNL | 2.81% |
| Flowers Foods Inc | FLO | 2.78% |
| Kinetik Holdings Inc | KNTK | 2.77% |
| Western Union Co/The | WU | 2.76% |
| and 43 more | ||
Historical returns do not guarantee future returns. This is not investment advice.

Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD)
- Expense ratio
- 0.30%
- Fund assets
- 62.86M USD (all share classes)
- Issuer
- Invesco
- Inception date
- Dec 1, 2016
- Number of holdings
- 56
| Name | Ticker | Weight |
|---|---|---|
| Conagra Brands Inc | CAG | 3.58% |
| Rithm Capital Corp | NRZ | 3.57% |
| Ellington Financial Inc | EFC | 3.32% |
| Innovative Industrial Properties Inc | IIPR | 3.20% |
| ARMOUR Residential REIT Inc | ARR | 3.13% |
| Millrose Properties Inc | MRP | 2.91% |
| Global Net Lease Inc | GNL | 2.81% |
| Flowers Foods Inc | FLO | 2.78% |
| Kinetik Holdings Inc | KNTK | 2.77% |
| Western Union Co/The | WU | 2.76% |
| and 43 more | ||
XSHD doesn`t make much effort to resemble the broader market. The fund delivers its mandate by screening the US small-cap universe for high dividend yields, and then screening the results for low volatility. The order is important because it may translate into a greater emphasis on yield than volatility. Furthermore, holdings are weighted by dividend yield. While there are limits to prevent too much exposure to any one sector or firm, those limits are loose enough that XSHD`s portfolio of 90 names can diverge significantly from market-neutral, look for an overweight to defensive sectors, for example. XSHD charges a reasonable fee for a dividend play, though plain-vanilla competitors are available for a fraction of the price. Note that the same methodology is used by SPHD (which holds US large-caps) and IDHD (developed international equity).
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