Invesco S&P Spin-Off ETF
$130.06−1.05 (−0.80%)
- Expense ratio
- 0.66%
- Fund size
- $218M
- 1Y return
- +40.6%
- Yield · Last 12 months
- 0.12%
- Holdings
- 30
- Volume · 30D
- 0M sh
- NAV per share
- $129.73
- 52W range
The ETF.net CSD Grade
Score 60 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 64Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 61Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 66Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 31Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 79Category rank
Our read on CSD
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.
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
- A 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
- Launched in 2006, a long tenure in a corner of the market where thematic launches come and go.
- Fund and index rebalance monthly, so fresh spin-offs rotate in and four-year-olds age out without you tracking corporate breakups yourself.invesco.com
- The 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
- Non-diversified by design, with roughly 30 names. Single stocks swing this fund far harder than they would a broad market index.invesco.com
- Thinly traded next to mainstream index funds, so bid-ask spreads are a bigger part of the round-trip cost.
- At 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
- Stocks
- 30
- 62%
- SNDK
Sectors
- Industrials44.6%
- Technology25.7%
- Health Care12.9%
- Materials5.8%
- Communication5.3%
- Real Estate3.6%
- Consumer Discr.2.1%
- Financials0.1%
Geography
- United States97.96%
- Switzerland2.04%
CSD Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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.
| Period | CSD |
|---|---|
| Year to date | +31.5% |
| 1 month | −2.4% |
| 3 months | −11.1% |
| 1 year | +40.6% |
| 3 years | +33.7% |
| 5 years | +16.3% |
| 10 years | +12.6% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | CSD |
|---|---|---|
| 2026 YTD | +31.5% | |
| 2025 | +21.6% | |
| 2024 | +27.6% | |
| 2023 | +23.8% | |
| 2022 | −15.0% | |
| 2021 | +13.0% | |
| 2020 | +10.8% |
CSD in the news
ETF.net Research hasn’t filed on CSD yet — coverage lands here as it’s written.
CSD Dividends
- 0.12%
- $0.16
- $0.16 per share
- Annual
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Dec 22, 2025 | Dec 26, 2025 | $0.16 |
| Dec 23, 2024 | Dec 27, 2024 | $0.14 |
| Dec 18, 2023 | Dec 22, 2023 | $0.33 |
| Dec 19, 2022 | Dec 23, 2022 | $0.45 |
| Dec 20, 2021 | Dec 31, 2021 | $0.45 |
| Dec 21, 2020 | Dec 31, 2020 | $0.55 |
| Dec 23, 2019 | Dec 31, 2019 | $0.55 |
| Dec 24, 2018 | Dec 31, 2018 | $0.42 |
| Dec 26, 2017 | Dec 29, 2017 | $0.31 |
| Dec 23, 2016 | Dec 30, 2016 | $0.70 |
| Dec 24, 2015 | Dec 31, 2015 | $1.00 |
| Dec 24, 2014 | Dec 31, 2014 | $0.74 |
CSD Risk
- 22.2%
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.
- 1.14
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.
- −30.1%
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.
- 1.13
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
- The middle half of IPO & Spin-Off funds
- Median 0.70%
2 of the 8 IPO & Spin-Off funds charge less.