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Sunday, August 23, 2026The Morning Brief →Sign in

Invesco S&P SmallCap Quality ETF

$48.76+0.84% today
405052-WK

The fund generally will invest at least 90% of its total assets in the securities that comprise the index. Strictly in accordance with its guidelines and mandated procedures, S&P Dow Jones Indices LLC compiles, maintains and calculates the index, which is designed to measure the performance of approximately 120 securities in the S&P SmallCap 600 ® Index that are of the highest quality, as determined by the index Provider.

Price & daily flows
47.945.042.248.76DAILY NET FLOWAug 22Dec 19Apr 21Aug 21

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET −$1M OVER THIS RANGE

The desk’s read

Money keeps arriving — +$61M of net buying over the past month, about 19.3% of the fund's asset base, while the price has returned +14.6% so far this year. At 0.29% a year it is not the cheapest way in — IEFA runs the same ground at 0.07%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$315Massets under management
0.29%expense ratio · $29 per $10,000 a year
+$61Mnet flow, trailing month
85Kavg daily volume, 30 days
117holdings · US-domiciled
2017listed April 5, 2017 · beta 0.93
The book at a glance
PAYC+1.0%EAT+5.6%AGX-2.9%AWI+0.2%CORT+1.0%LYFT+0.4%DAVE+5.9%MC+2.1%PJT+2.4%MKTX+0.1%QRVO-0.8%YOU+0.9%FTDR+0.8%APAM+0.5%ECG+0.5%ZWS+0.4%POWL+0.1%MYRG-2.2%IBP+0.9%CARG-0.1%LNC+0.4%PIPR+3.0%MATX+2.8%PLXS-0.7%TGTX+7.3%PRIM-2.6%OII+1.0%TDC+0.4%BCPC+0.9%MGY-0.3%KLIC+0.7%ACIW+0.6%SEZL+1.4%RELY+7.9%RUSHA+2.2%AZZ+1.3%SKY+0.3%FBP+1.1%ATMU+0.9%TDW-1.3%

CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS TODAY’S MOVE · TOP 40 POSITIONS

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1PAYCPAYCOM SOFTWARE3.40%$229.07+1.0%
2EATBRINKER INTERNATIONAL2.81%$246.06+5.6%
3AGXARGAN2.56%$501.63-2.9%
4AWIARMSTRONG WORLD INDUSTRIES2.14%$178.54+0.2%
5CORTCORCEPT THERAPEUTICS2.07%$122.25+1.0%
6LYFTLYFT2.05%$17.47+0.4%
7DAVEDAVE1.89%$354.72+5.9%
8MCMOELIS &1.85%$68.29+2.1%
9PJTPJT PARTNERS1.81%$174.96+2.4%
10MKTXMARKETAXESS HOLDINGS1.82%$162.11+0.1%
11QRVOQORVO1.81%$95.56-0.8%
12YOUCLEAR SECURE1.73%$43.29+0.9%
13FTDRFRONTDOOR1.67%$82.59+0.8%
14APAMARTISAN PARTNERS ASSET MANAGEMENT1.67%$42.26+0.5%
15ECGEverus Construction Group1.58%$125.96+0.5%

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Sector weights
Financial Services25.43%
Industrials20.32%
Consumer Cyclical19.46%
Producer Manufacturing19.19%
Finance16.74%
Energy Minerals11.4%
Basic Materials10.12%
Retail Trade7.45%
Healthcare7.33%
Technology Services6.62%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
United States100%
Bermuda1.52%
Singapore1.05%
Netherlands0.28%
Other0.07%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week-2.1%
1 month+3.3%
3 months+6.7%
6 months+9.5%
YTD+14.6%
1 year+10.1%
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week−$2M
1 month+$61M
3 months+$47M
YTD−$3M
1 year−$1M

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
JunJulAugSepOctFebMarAprMayJunJulAug
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
16%realized volatility, 30 days (annualized)
17%realized volatility, 1 year
-10.5%deepest fall from a peak, 1 year
-2.5%where it sits vs. that peak today

The top holding is 3.4% of the book; the top ten carry 22%. Spread across 121+ names, it behaves like roughly 79 equally-weighted positions.

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

Options tape
calls today
puts today
put/call ratio
27Kshares traded
Most-traded holdings, options premiumBullishBearish
DAVE DAVE$5M$3M
POWL POWELL INDUSTRIES$3M$2M
TGTX TG THERAPEUTICS$3M$2M
AGX ARGAN$1M$2M
PAYC PAYCOM SOFTWARE$964,815$1M

TODAY’S OPTIONS PREMIUM IN THE FUND’S UNDERLYING NAMES

The case against XSHQ

Due diligence cuts both ways. These funds sit on the same shelf and beat XSHQ on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
IJH iShares Core S&P Mid-Cap ETF0.05%$128.4B+$547M-24bp on fee · 408× the assets · +$547M in over the monthHead-to-head
IUSG iShares Core S&P U.S. Growth ETF0.04%$33.8B+$668M-25bp on fee · 107× the assets · +$668M in over the monthHead-to-head
IUSV iShares Core S&P U.S. Value ETF0.04%$28.1B+$103M-25bp on fee · 89× the assets · +$103M in over the monthHead-to-head
ILCG iShares Morningstar Growth ETF0.04%$3.3B+$7M-25bp on fee · 10× the assets · +$7M in over the monthHead-to-head
IMCB iShares Morningstar Mid-Cap ETF0.04%$1.7B+$15M-25bp on fee · 5× the assets · +$15M in over the monthHead-to-head
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InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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