Invesco S&P SmallCap High Dividend Low… (XSHD) Performance
XSHD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +5.9% since Dec 31, 2025
- 1 year
- +3.9% total return
- 5 years
- −4.8% a year
- Since first price
- −0.8% a year since 2016
XSHD trailing returns vs SPY, QQQ, AGG
| Period | XSHD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.4% | −1.8% | −1.0% | −5.0% | +0.9% |
| 3 months | −7.6% | −8.6% | +3.2% | +1.9% | −0.4% |
| 6 months | −2.5% | −4.6% | +7.8% | +8.4% | −1.5% |
| YTD | +5.9% | +1.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +3.9% | −1.1% | +14.4% | +15.9% | −1.1% |
| 3 years | +13.6%+4.3%/yr | −5.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −21.7%−4.8%/yr | −42.9% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionDec 1, 2016 | −7.8%−0.8%/yr | −47.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: XSHD vs SPY
From Dec 1, 2016: XSHD grew to $9,222, SPY to $40,529.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
XSHD returns by calendar year
4 of 9 full years positive. Best 2021 (+18.3%), worst 2022 (−19.5%). 2026 is year to date.
XSHD annual returns table
| Year | XSHD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +5.9% | −13.3% | +12.3% | +15.1% | −1.0% |
| 2025 | −6.4% | −17.2% | +17.7% | +20.8% | +7.2% |
| 2024 | −5.3% | −11.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +3.0% | −27.8% | +26.2% | +54.9% | +5.7% |
| 2022 | −19.5% | −29.1% | −18.2% | −32.6% | −13.0% |
| 2021 | +18.3% | −12.0% | +28.7% | +27.4% | −1.8% |
| 2020 | −13.6% | −48.5% | +18.3% | +48.6% | +7.5% |
| 2019 | +17.9% | −9.6% | +31.2% | +39.0% | +8.5% |
| 2018 | −7.9% | −19.9% | −4.6% | −0.1% | +0.1% |
| 2017 | +1.5% | −9.1% | +21.7% | +32.7% | +3.6% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
XSHD largest drawdowns
Now 26.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Aug 21, 2018 | −49.5% | Apr 3, 2020 | Mar 8, 2021 | 1.6 years | 2.5 years |
| Jun 9, 2021 | −36.8% | Apr 8, 2025 | not yet | 3.8 years | 5.4 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
XSHD risk statistics
| Statistic | 3 years | 5 years | Since 2016 |
|---|---|---|---|
| Annualized return | +1.3% | −4.3% | −1.5% |
| Volatility (annualized) | 17.5% | 20.8% | 21.7% |
| Sharpe ratio | -0.09 | -0.28 | -0.06 |
| Sortino ratio | -0.14 | -0.40 | -0.08 |
| Best month | +11.6% | +13.6% | +17.3% |
| Worst month | −9.2% | −15.2% | −32.4% |
| Best 12 months | +14.5% | +14.5% | +68.7% |
| Worst 12 months | −12.3% | −24.5% | −37.2% |
| Positive months | 50% | 47% | 51% |
| Beta vs S&P 500 | 0.74 | 0.93 | — |
| Correlation with S&P 500 | 0.52 | 0.70 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
XSHD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 107 | −37.2% | −0.7% | +68.7% | 48% |
| 3-year (a year) | 83 | −12.7% | −1.3% | +11.1% | 41% |
| 5-year (a year) | 59 | −5.2% | −2.3% | +5.7% | 34% |
Every holding period starting at a month-end since 2016. Returns for 3 years and longer are annualized.
XSHD performance overview
Invesco S&P SmallCap High Dividend Low… (XSHD) returned +3.9% over the past year and −4.8% a year over five years, with distributions reinvested. Since its first recorded price in 2016 it has returned −0.8% a year, turning $10,000 into about $9,222. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −49.5%, from Aug 21, 2018 to Apr 3, 2020, and it took 11 months to get back to the old high. XSHD finished 4 of its 9 full calendar years with a gain; the best year was 2021 (+18.3%) and the worst 2022 (−19.5%). Volatility has been 21.7% a year.
Related: XSHD chart, XSHD holdings, XSHD dividends, XSHD valuation. See the XSHD overview for the latest quote and fund facts.
XSHD performance FAQ
What is the XSHD return over the past year?
XSHD returned +3.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 1.1%.
What is the average annual return of XSHD?
XSHD has returned −4.8% a year over 5 years, −0.8% a year since December 1, 2016 (total return, distributions reinvested).
How much would $10,000 invested in XSHD be worth?
$10,000 invested in XSHD at its first recorded close on December 1, 2016 would be worth about $9,222 on October 23, 2026 with distributions reinvested.
What was the worst year for XSHD?
The worst calendar year was 2022, with a total return of −19.5%. The best was 2021 at +18.3%.
What is the biggest drawdown of XSHD?
The largest peak-to-trough decline was −49.5% between August 21, 2018 and April 3, 2020. It recovered to the old high on March 8, 2021, 11 months after the bottom.
How volatile is XSHD?
Over the past 3 years XSHD had an annualized volatility of 17.5% and a Sharpe ratio of -0.09 (excess return over 1–3 month T-bills per unit of risk).