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

Invesco S&P SmallCap Low Volatility ETF

$52.96-0.28% today
455452-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 have exhibited the lowest volatility over the past 12 months.

Price & daily flows
52.349.646.952.96DAILY NET FLOWAug 22Dec 19Apr 21Aug 21

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET −$44M OVER THIS RANGE

The desk’s read

Money keeps arriving — +$2M of net buying over the past month, about 0.7% of the fund's asset base, while the price has returned +14.0% so far this year. At 0.25% a year it is not the cheapest way in — ITDG runs the same ground at 0.11%.

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

$246Massets under management
0.25%expense ratio · $25 per $10,000 a year
+$2Mnet flow, trailing month
8Kavg daily volume, 30 days
121holdings · US-domiciled
2013listed February 14, 2013
The book at a glance
SAFT+0.0%PECO-0.4%FCPT-0.6%LTC-1.2%CHCO+0.3%BNL-0.4%CON+0.5%AWR-0.8%EPRT-1.1%EFC+0.1%HMN+0.4%NWN-2.3%CPK-2.5%APLE+1.0%BCPC+0.9%CURB-0.3%MGEE-2.3%ACT+0.1%AVA-1.7%GTY-0.8%LXP+0.0%WABC+0.2%IOSP+0.8%UTL-1.8%BFS-0.9%BRC+0.6%FCF-0.8%AGO+0.2%WKC+0.1%TRNO-0.3%RITM+0.3%KFY+0.6%UE-0.5%DEA-0.7%NMIH-0.5%CNXN+0.1%STBA+0.4%CWT-0.9%RHP-0.1%TRST-0.6%

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

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1SAFTSAFETY INSURANCE GROUP1.40%$103.59+0.0%
2PECOPHILLIPS EDISON & COMPANY1.21%$39.27-0.4%
3FCPTFOUR CORNERS PROPERTY TRUST1.19%$25.23-0.6%
4LTCLTC PROPERTIES1.17%$40.27-1.2%
5CHCOCITY HOLDING1.15%$144.48+0.3%
6BNLBROADSTONE NET LEASE1.13%$21.12-0.4%
7CONCONCENTRA GROUP HOLDINGS PARENT INC1.12%$35.00+0.5%
8AWRAMERICAN STATES WATER1.14%$88.63-0.8%
9EPRTESSENTIAL PROPERTIES REALTY TRUST1.12%$30.84-1.1%
10EFCELLINGTON FINANCIAL1.11%$13.63+0.1%
11HMNHORACE MANN EDUCATORS1.08%$50.60+0.4%
12NWNNORTHWEST NATURAL HOLDING1.10%$49.42-2.3%
13CPKCHESAPEAKE UTILITIES1.08%$134.13-2.5%
14APLEAPPLE HOSPITALITY REIT1.03%$16.67+1.0%
15BCPCBALCHEM1.03%$181.28+0.9%

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Performance
1 week-1.7%
1 month+0.0%
3 months+6.1%
6 months+6.2%
YTD+14.0%
1 year+10.6%
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week
1 month+$2M
3 months−$4M
YTD−$36M
1 year−$44M

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
JunJulAugSepOctFebMarAprMayJunJulAug
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
10%realized volatility, 30 days (annualized)
13%realized volatility, 1 year
-7.5%deepest fall from a peak, 1 year
-2.5%where it sits vs. that peak today

The top holding is 1.4% of the book; the top ten carry 12%. Spread across 116+ names, it behaves like roughly 111 equally-weighted positions.

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

Options tape
calls today
puts today
put/call ratio
4Kshares traded
Most-traded holdings, options premiumBullishBearish
NBTB NBT BANCORP$4,140$166,880
RITM RITHM CAPITAL$20,376$95,555
ARR ARMOUR RESIDENTIAL REIT$27,084$68,519
MRP Millrose Properties$44,313$47,954
FFBC FIRST FINANCIAL BANCORP$29,700$38,724

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

The case against XSLV

Due diligence cuts both ways. These funds sit on the same shelf and beat XSLV 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-20bp on fee · 521× the assets · +$547M in over the monthHead-to-head
IMCB iShares Morningstar Mid-Cap ETF0.04%$1.7B+$15M-21bp on fee · 7× the assets · +$15M in over the monthHead-to-head
VO Vanguard Mid Cap Index Fund0.04%$68.1B-21bp on fee · 276× the assetsHead-to-head
IMCG iShares Morningstar Mid-Cap Growth ETF0.06%$4.2B+$69M-19bp on fee · 17× the assets · +$69M in over the monthHead-to-head
IMCV iShares Morningstar Mid-Cap Value ETF0.06%$1.2B+$20M-19bp on fee · 5× the assets · +$20M in over the monthHead-to-head
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InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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