XSHDInvesco S&P SmallCap High Dividend Low Volatility ETF
XSHD Fund Description
XSHD tracks a dividend-yield-weighted index of the 60 least volatile stocks chosen from a list of the 90 highest-yielding US small-cap stocks.
XSHD Factset Analytics Insight
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).
XSHD MSCI ESG Analytics Insight
Invesco S&P SmallCap High Dividend Low Volatility ETF has an MSCI ESG Fund Rating of BB based on a score of 3.97 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Invesco S&P SmallCap High Dividend Low Volatility ETF ranks in the 11st percentile within its peer group and in the 1st percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
XSHD MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
XSHD Summary Data
XSHD Portfolio Data
XSHD Index Data
XSHD Portfolio Management
XSHD Tax Exposures
XSHD Fund Structure
XSHD Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of XSHD. XSHD is rated a 3 out of 5.
XSHD Sector/Industry Breakdown
XSHD Top 10 Holdings[View All]
XSHD Economic Development
XSHD Performance Statistics
XSHD MSCI ESG Ratings
XSHD Benchmark Comparison Summary
XSHD Benchmark Comparison Market Cap Size