XSHQInvesco S&P SmallCap Quality ETF
XSHQ Fund Description
XSHQ 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.
XSHQ Factset Analytics Insight
XSHQ aims to provide exposure to S&P SmallCap 600 stocks with sound fundamentals. The fund focuses on three quality screening metrics: ROE (trailing 12 month EPS/book value), a profitability metric, accruals ratio (change in net operating assets scaled by average of NOA over past 2 years), a reflection on earnings quality, and financial leverage (debt/book value of company), a way to measure financial risk. These measures are equally weighted to produce a quality score. XSHQ selects the top 120 stocks with the highest quality score for inclusion in the underlying index. We see potential for significant active risk/reward relative to the market based on this process and loose sector constraints (single-sector exposure in the underlying index is capped at 40%). XSHQ charges a reasonable fee.
XSHQ MSCI ESG Analytics Insight
Invesco S&P SmallCap Quality ETF has an MSCI ESG Fund Rating of BB based on a score of 4.28 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 Quality ETF ranks in the 15th percentile within its peer group and in the 20th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
XSHQ 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.
XSHQ Summary Data
XSHQ Portfolio Data
XSHQ Index Data
XSHQ Portfolio Management
XSHQ Tax Exposures
XSHQ Fund Structure
XSHQ Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of XSHQ. XSHQ is rated a 5 out of 5.
XSHQ Sector/Industry Breakdown
XSHQ Top 10 Holdings[View All]
XSHQ Economic Development
XSHQ Performance Statistics
XSHQ MSCI ESG Ratings
XSHQ Benchmark Comparison Summary
XSHQ Benchmark Comparison Market Cap Size