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ETFs

Invesco S&P SmallCap Quality ETF

XSHQ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 06 2017
Expense Ratio
0.30%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$531,407
AUM
$49,420,450
Associated Index
S&P SmallCap 600 Quality Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

RMBS
Rambus Inc.
2.94%
FIX
Comfort Systems USA, Inc.
2.56%
AIT
Applied Industrial Technologies Inc.
2.36%
ABG
Asbury Automotive Group Inc
2.30%
AEL
American Equity Investment Life Holding Co
2.29%
SM
SM Energy Co
2.27%
MLI
Mueller Industries, Inc.
1.97%
CIVI
Civitas Resources Inc - Ordinary Shares New
1.93%
CEIX
Consol Energy Inc
1.92%
BMI
Badger Meter Inc.
1.91%
Invest with XSHQ

What is XSHQ?

The Invesco S&P SmallCap Quality ETF (the "Fund") is based on the S&P SmallCap 600 Quality Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index is composed of 120 securities in the S&P SmallCap 600 Index that have the highest quality score, which is calculated based on the average of three fundamental measures: return on equity, accruals ratio and financial leverage ratio. The Fund and the Index are rebalanced and reconstituted semi-annually on the third Friday of June and December.

ETFs related toXSHQ

ETFs correlated to XSHQ include VIOO, IJR, SPSM

XSHQ
Invesco Capital Management LLC - Invesco S&P SmallCap Quality ETF
VIOO
Vanguard Group, Inc. - Vanguard S&P Small-Cap 600 ETF
IJR
BlackRock Institutional Trust Company N.A. - iShares Core S&P Small-Cap ETF
SPSM
SPDR Series Trust - SPDR Portfolio S&P 600 Small Cap ETF
VIOG
Vanguard Group, Inc. - Vanguard S&P Small-Cap 600 Growth ETF
SLYG
SPDR Series Trust - SPDR S&P 600 Small Cap Growth ETF
DFAS
Dimensional ETF Trust - Dimensional U.S. Small Cap ETF
IJT
BlackRock Institutional Trust Company N.A. - iShares S&P Small-Cap 600 Growth ETF
GSSC
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF
CALF
Pacer Funds Trust - Pacer US Small Cap Cash Cows 100 ETF
DFAT
Dimensional ETF Trust - Dimensional U.S. Targeted Value ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toXSHQ

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with XSHQ using Composer

FAQ

XSHQ is a US Equities ETF. The Invesco S&P SmallCap Quality ETF (the "Fund") is based on the S&P SmallCap 600 Quality Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index is composed of 120 securities in the S&P SmallCap 600 Index that have the highest quality score, which is calculated based on the average of three fundamental measures: return on equity, accruals ratio and financial leverage ratio. The Fund and the Index are rebalanced and reconstituted semi-annually on the third Friday of June and December.

XSHQ tracks the S&P SmallCap 600 Quality Index.

No, XSHQ is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, XSHQ is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on XSHQ is -0.02%. This is the percent change in the value of XSHQ over the most recent 1-month period. The 3-month return on XSHQ is 0.0265%. This is the percent change in the value of XSHQ over the most recent 3-month period.

The standard deviation of XSHQ for the past year is 0.2159%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to XSHQ include SPHQ, DSI, and QUAL.

ETFs correlated to XSHQ include VIOO, IJR, and SPSM.

ETFs that are inversely correlated to XSHQ include RWM, TZA, and TWM.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.