XSHQ
Invesco S&P SmallCap Quality ETF
The Invesco S&P SmallCap Quality Portfolio tracks an index of US small-cap stocks selected by return on equity, accruals ratio, and financial leverage. Stocks are weighted by these quality factors and scaled by market cap.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
379.2 M
ASSETS UNDER MGMT
29 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 03, 2017 |
| Assets (mns) | $379 |
| Expense ratio | 29 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Fundamental |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| JACKSON FINANCIAL INCORPORATION CLASS A | 2.9 % |
| ARMSTRONG WORLD INDUSTRIES | 2.7 % |
| KONTOOR BRANDS, INC. | 2.2 % |
| ARTISAN PARTNERS ASSET MA -A | 2.2 % |
| ALKERMES PLC | 2.1 % |
| BADGER METER INC | 2.1 % |
| PJT PARTNERS, INC. CLASS A | 2.1 % |
| CORCEPT THERAPEUTICS INC | 2.0 % |
| JOHN BEAN TECHNOLOGIES CORP | 2.0 % |
| FEDERAL SIGNAL CORP | 1.8 % |
Constituent Breakdown
| Number of holdings | 114 |
| Herfindahl-Hirschman Index | 128 |
| Wgt avg mkt cap (mns) | $4,233 |
| Large cap (>$10bn) | 0.0% |
| Mid cap ($2-10bn) | 84.9% |
| Small cap (<$2bn) | 14.5% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 93.7 % |
 |
BERMUDA | 2.7 % |
 |
IRELAND | 2.1 % |
 |
PUERTO RICO | 1.8 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 18.9% | 30.5% | 16.6% | 9.0% | 12.3% | -- | 11.2% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.02 | 65% |
| MSCI EAFE | 0.92 | 52% |
| MSCI Emg Mkts | 0.58 | 21% |
Liquidity Measures
| Avg. volume (000) | 67 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.29% |
| ADV of underlying (mns) | $2,407 |
Technical Indicators
| Recent close | $42.85 |
| 30d moving avg. | $46.26 |
| Annualized volatility | 22.2% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.3% |
| Short interest (underlying) | 5.3% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. XSHQ |
Expenses vs. XSHQ |
ALTAR Score™ vs. XSHQ |
|---|---|---|---|---|
| GRPZ | Invesco S&P SmallCap 600 GARP ETF | 36.1% | +6 bp | +1.0% |
| XSMO | Invesco S&P SmallCap Momentum ETF | 32.2% | +10 bp | -1.6% |
| IJT | iShares S&P Small-Cap 600 Growth ETF | 30.6% | -11 bp | -3.0% |
| SLYG | SPDR S&P 600 Small Cap Growth ETF | 29.3% | -14 bp | -2.9% |
| VIOG | Vanguard S&P Small-Cap 600 Growth ETF | 29.1% | -14 bp | -3.0% |
| RZG | Invesco S&P Smallcap 600 Pure Growth ETF | 28.9% | +6 bp | -2.9% |
| CALF | Pacer US Small Cap Cash Cows 100 ETF | 25.1% | +30 bp | -4.0% |
| SMCP | AlphaMark Actively Managed Small Cap ETF | 24.3% | +61 bp | -1.6% |
| CAFG | Pacer US Small Cap Cash Cows Growth Leaders ETF | 23.7% | +30 bp | -5.0% |
| ESIX | SPDR S&P SmallCap 600 ESG ETF | 23.0% | -17 bp | -1.3% |
Risk and Returns: XSHQ vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/18/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
XSHQ
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
XSHQ
9.0%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. XSHQ's ALTAR Score™ is approximately
1.3 standard deviations
above
the category average. This places XSHQ in the 90th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
XSHQSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| XSHQ (29 bp) Percentile rank | 30 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| XSHQ | 29.0 | 29.2 | 58.2 |
| Peer Avg. | 37.3 | 15.0 | 52.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .