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Launched · SEC filings

Invesco S&P Spin-Off ETF

CSDNYSE ArcaB

$127.74+0.22 (+0.17%)

As of Oct 13, 2026, 3:59 PM

B60/ 100

Rank 2 of 8 in IPO & Spin-Off

B60/100Rank 2 of 8inIPO & Spin-Off
Intraday session: up, 79 prints from 127.52 to 127.74. Range 126.02 to 127.78. Use the arrow keys to read each point.126.00126.50127.0010 AM12 PM2 PM4 PM
Expense ratio
0.66%
Fund size
$215M
1Y total return
+40.2%
Yield · Last 12 months
0.12%
Holdings
31
Avg volume · 30D
0M sh
NAV per share
$128.80
52W range
low $91.45high $150.43
Launched
Filings
SEC EDGAR

The ETF.net CSD Grade

Based on 5 of 6 pillars

B

Score 60 out of 100

Category
IPO & Spin-Off⁠
Rank
2 of 8
Six-pillar profile for CSD. Scores out of 100: Cost 64, Risk 61, Mission not scored, Tradability 66, Holdings 34, Durability 81. Strongest: Durability (81). Weakest: Holdings (34). Based on 5 of 6 pillars.

Score 60 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B64 out of 100
    Rank 3 of 8

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B61 out of 100
    Rank 3 of 8

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B66 out of 100
    Rank 3 of 8

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D34 out of 100
    Rank 7 of 7

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A81 out of 100
    Rank 2 of 8

Our read on CSD

ETF.net Research

BCorporate castoffs, packaged. CSD owns US companies cut loose from bigger parents within the last four years, a spin-off pure play it has run since 2006 while most of its peer group chases IPOs and new issues.

Stated mandate

The fund seeks exposure to companies spun off from parent companies by tracking the S&P U.S. Spin-Off Index, investing at least 90% of assets in index securities or depositary receipts.

Why people hold it

  1. 01A genuine spin-off portfolio: the index takes US companies spun off from a larger parent in the past four years, screened to a $1 billion float-adjusted market cap floor.invesco.cominvesco.com
  2. 02Launched in 2006, a long tenure in a corner of the market where thematic launches come and go.
  3. 03Fund and index rebalance monthly, so fresh spin-offs rotate in and four-year-olds age out without you tracking corporate breakups yourself.invesco.com
  4. 04The 0.67% fee runs a touch under the typical IPO-and-new-issue peer such as FPXI, and the fund sits in the upper tier of that group on our review.

Worth knowing

  1. 01Non-diversified by design, with roughly 30 names. Single stocks swing this fund far harder than they would a broad market index.invesco.com
  2. 02Thinly traded next to mainstream index funds, so bid-ask spreads are a bigger part of the round-trip cost.
  3. 03At 0.67% a year, you are paying niche-screen prices. That is the trade for the spin-off filter rather than plain market exposure.

CSD Holdings

As of Oct 12, 2026
Asset class
Stocks
Holdings
31
Top-10 weight
64%
Largest holding
GEV8.0%

Sectors

  • Industrials43.2%
  • Technology25.4%
  • Health Care13.3%
  • Materials5.7%
  • Communication5.0%
  • Real Estate3.8%
  • Consumer Discretionary3.7%

Geography

  • United States98.29%
  • Switzerland1.71%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001GEVGE Vernova Inc8.01%17,161$17M484
002HONAHoneywell Aerospace Inc7.90%107,668$17M283
003VLTOVeralto Corp7.76%172,301$17M300
004QQnity Electronics Inc7.65%130,074$16M248
005GEHCGE HealthCare Technologies Inc7.65%250,427$16M308
006SNDKSandisk Corp6.80%9,251$15M467
007RALRalliant Corp4.97%146,152$11M127
008CRCrane Co4.62%48,592$10M151
009SOLSSolstice Advanced Materials Inc4.41%154,793$9M146
010SOLVSolventum Corp4.41%108,766$9M206
011FDXFFedex Freight Holding Co Inc4.21%78,469$9M222
012ECGEverus Construction Group Inc3.33%58,605$7M140
013MBGLMobility Global Inc2.86%338,202$6M132
014UHAL.BU-Haul Holding Co2.68%114,558$6M69
015RXORXO Inc2.56%189,441$6M105

Showing 1–15 of 31 holdings

CSD Performance

Launched Dec 15, 2006

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

CSD$14,015
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. CSD $14,015. SPY $12,044. Use the arrow keys to read each point.$9,230$13,112$16,994Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for CSD. Periods over one year show the average yearly return.
PeriodCSD
Year to date+27.9%
1 month−1.5%
3 months−8.7%
1 year+40.2%
3 yearsper year+32.1%
5 yearsper year+15.7%
10 yearsper year+12.7%

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for CSD
YearReturn barCSD
2026 YTD+27.9%
2025+21.6%
2024+27.6%
2023+23.8%
2022−15.0%
2021+13.0%
2020+10.8%

CSD in the news

Filtered to CSD · IPO & Spin-Off · Invesco

CSD Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
0.12%Last 12 months
Payout per share
$0.16Last 12 months
Last payment
$0.16 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2017–2026

One bar per payment. 9 payments from 2017 to 2026 YTD. Dec 26, 2017 $0.31; Dec 24, 2018 $0.42; Dec 23, 2019 $0.55; Dec 21, 2020 $0.55; Dec 20, 2021 $0.45; Dec 19, 2022 $0.45; Dec 18, 2023 $0.33; Dec 23, 2024 $0.14; Dec 22, 2025 $0.16. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 22, 2025Dec 26, 2025$0.16
Dec 23, 2024Dec 27, 2024$0.14
Dec 18, 2023Dec 22, 2023$0.33
Dec 19, 2022Dec 23, 2022$0.45
Dec 20, 2021Dec 31, 2021$0.45
Dec 21, 2020Dec 31, 2020$0.55
Dec 23, 2019Dec 31, 2019$0.55
Dec 24, 2018Dec 31, 2018$0.42
Dec 26, 2017Dec 29, 2017$0.31
Dec 23, 2016Dec 30, 2016$0.70
Dec 24, 2015Dec 31, 2015$1.00
Dec 24, 2014Dec 31, 2014$0.74

CSD Risk

How much the fund’s monthly returns vary, scaled to a year.
22.1%
Annualised · 36 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.16
vs 3-month T-bills · to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−30.1%
Trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.13
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

CSD Cost

Expense ratio0.66%
  • The middle half of IPO & Spin-Off funds
  • Median 0.70%

2 of the 8 IPO & Spin-Off funds charge less.

CSD costs $66.00 a year on $10,000. The median IPO & Spin-Off fund costs $70.00.

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