Invesco S&P SmallCap Low Volatility ETF
$49.16+0.05 (+0.10%)
- 0.25%
- $231M
- +12.3%
- 2.49%
- 0M sh
- $48.93
- low $44.32high $54.55
The ETF.net XSLV Grade
C
Score 41 out of 100
- 14 of 16
Score 41 of 100 falls in the C 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.D30 out of 100Rank 10 of 16Mission
Whether the fund did what it promised, tested against its stated mandate.A72 out of 100Rank 11 of 16Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F22 out of 100Rank 16 of 16Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F21 out of 100Rank 15 of 16Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B59 out of 100Rank 7 of 16Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C41 out of 100Rank 12 of 16
Our read on XSLV
CLow volatility is mostly a large-cap trade. XSLV runs the same screen down in the small-cap weeds, holding about 120 of the calmest names in the S&P SmallCap 600 and giving the steadiest ones the biggest slots.
The fund seeks to provide US small-cap equity exposure while emphasizing stocks with comparatively low realized volatility. It tracks the S&P SmallCap 600 Low Volatility Index and is intended to offer potential upside participation with risk mitigation.
Why people hold it
- A rare small-cap version of a large-cap idea: the rest of the low-vol shelf (USMV, LGLV, QLV, FDLO) screens big companies. This one works the S&P SmallCap 600.
- The rulebook is simple and public: rank the 600 on the past year's price swings, keep the roughly 120 calmest, weight by the inverse of that volatility, re-sort quarterly.invesco.comspglobal.com
- Live since 2013, so the strategy carries a real record through multiple small-cap drawdowns rather than a backtest. Pays quarterly.
Worth knowing
- 0.25% a year sits above the typical low-vol ETF, and large-cap rivals undercut it (QLV 0.09%, LGLV 0.12%). You pay up for the small-cap slice.
- A smaller, lightly traded fund next to the household-name low-vol ETFs, so spreads can be wider. Limit orders earn their keep here.
- The screen looks only at past price swings, not business quality or sector balance, so the sector mix can sit a long way from a plain small-cap index. Calmer small caps are still small caps.invesco.com
XSLV Holdings
- Stocks
- 119
- 11%
- PECO
Sectors
- Financials46.2%
- Real Estate29.9%
- Utilities8.7%
- Industrials5.3%
- Consumer Staples3.1%
- Materials2.7%
- Consumer Discretionary1.5%
- Technology1.0%
- Communication0.9%
- Health Care0.8%
Geography
- United States97.41%
- Puerto Rico1.65%
- Bermuda0.94%
XSLV Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
XSLV$11,233
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.
| Period | XSLV |
|---|---|
| Year to date | +8.1% |
| 1 month | −4.3% |
| 3 months | −5.6% |
| 1 year | +12.3% |
| 3 years | +10.4% |
| 5 years | +2.9% |
| 10 years | +5.1% |
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 | XSLV |
|---|---|---|
| 2026 YTD | +8.1% | |
| 2025 | +0.3% | |
| 2024 | +9.8% | |
| 2023 | +1.3% | |
| 2022 | −11.8% | |
| 2021 | +29.3% | |
| 2020 | −17.3% |
XSLV in the news
XSLV Dividends
- 2.49%
- $1.22
- $0.47 per share
- Quarterly
Distribution history
XSLV Risk
- 14.3%
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.
- 0.43
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.
- −24.7%
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.
- 0.59
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
XSLV Cost
0.25%
XSLV0.25%
- The middle half of US Low Volatility Index funds
- Median 0.20%
9 of the 16 US Low Volatility Index funds charge less.
Other funds in US Low Volatility Index
- CCFOVictoryShares US 500 Enhanced Volatility Wtd ETFExpense ratio 0.39%1 year return +12.1%
- CESMViShares ESG Optimized MSCI USA Min Vol Factor ETFExpense ratio 0.18%1 year return +12.0%
- CXMLVInvesco S&P MidCap Low Volatility ETFExpense ratio 0.25%1 year return +6.2%
- CQQLVInvesco Exchange-Traded Fund Trust II - Invesco QQQ Low Volatility ETFExpense ratio 0.25%1 year return +2.8%
- DVSMVVictoryShares US Multi-Factor Minimum Volatility ETFExpense ratio 0.42%1 year return +16.6%