Invesco S&P SmallCap Quality ETF (XSHQ) Performance
XSHQ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +10.5% since Dec 31, 2025
- 1 year
- +8.4% total return
- 5 years
- +5.4% a year
- Since first price
- +8.3% a year since 2017
XSHQ trailing returns vs SPY, QQQ, AGG
| Period | XSHQ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.7% | +1.7% | −1.0% | −5.0% | +0.9% |
| 3 months | −1.9% | −2.2% | +3.2% | +1.9% | −0.4% |
| 6 months | +1.9% | +1.6% | +7.8% | +8.4% | −1.5% |
| YTD | +10.5% | +9.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +8.4% | +7.1% | +14.4% | +15.9% | −1.1% |
| 3 years | +41.6%+12.3%/yr | +36.5% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +29.8%+5.4%/yr | +20.5% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionApr 6, 2017 | +114.5%+8.3%/yr | +88.7% | — | — | — |
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: XSHQ vs SPY
From Apr 6, 2017: XSHQ grew to $21,448, SPY to $37,413.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
XSHQ returns by calendar year
6 of 8 full years positive. Best 2021 (+24.0%), worst 2022 (−15.0%). 2026 is year to date.
XSHQ annual returns table
| Year | XSHQ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +10.5% | −9.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +0.9% | −21.3% | +17.7% | +20.8% | +7.2% |
| 2024 | +7.5% | −10.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +23.9% | −13.5% | +26.2% | +54.9% | +5.7% |
| 2022 | −15.0% | −24.3% | −18.2% | −32.6% | −13.0% |
| 2021 | +24.0% | −10.2% | +28.7% | +27.4% | −1.8% |
| 2020 | +11.8% | −35.0% | +18.3% | +48.6% | +7.5% |
| 2019 | +17.4% | −11.1% | +31.2% | +39.0% | +8.5% |
| 2018 | −6.1% | −25.2% | −4.6% | −0.1% | +0.1% |
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.
XSHQ largest drawdowns
Now 7.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Sep 5, 2018 | −38.3% | Mar 23, 2020 | Dec 4, 2020 | 1.5 years | 2.2 years |
| Nov 25, 2024 | −27.3% | Apr 8, 2025 | Jun 11, 2026 | 4 months | 1.5 years |
| Nov 16, 2021 | −25.5% | Jun 16, 2022 | Dec 19, 2023 | 7 months | 2.1 years |
| Mar 12, 2021 | −10.2% | Jul 19, 2021 | Nov 1, 2021 | 4 months | 8 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
XSHQ risk statistics
| Statistic | 3 years | 5 years | Since 2017 |
|---|---|---|---|
| Annualized return | +9.3% | +5.7% | +7.6% |
| Volatility (annualized) | 17.9% | 19.7% | 19.2% |
| Sharpe ratio | 0.34 | 0.20 | 0.35 |
| Sortino ratio | 0.56 | 0.32 | 0.55 |
| Best month | +11.8% | +13.5% | +15.1% |
| Worst month | −9.6% | −9.6% | −13.7% |
| Best 12 months | +30.6% | +30.6% | +74.0% |
| Worst 12 months | −8.7% | −16.0% | −18.7% |
| Positive months | 53% | 50% | 58% |
| Beta vs S&P 500 | 0.89 | 0.94 | — |
| Correlation with S&P 500 | 0.62 | 0.75 | — |
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.
XSHQ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 103 | −18.7% | +5.7% | +74.0% | 66% |
| 3-year (a year) | 79 | −1.3% | +8.9% | +18.3% | 99% |
| 5-year (a year) | 55 | +4.1% | +7.3% | +14.7% | 100% |
Every holding period starting at a month-end since 2017. Returns for 3 years and longer are annualized.
XSHQ performance overview
Invesco S&P SmallCap Quality ETF (XSHQ) returned +8.4% over the past year and +5.4% a year over five years, with distributions reinvested. Since its first recorded price in 2017 it has returned +8.3% a year, turning $10,000 into about $21,448. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −38.3%, from Sep 5, 2018 to Mar 23, 2020, and it took 8 months to get back to the old high. XSHQ finished 6 of its 8 full calendar years with a gain; the best year was 2021 (+24.0%) and the worst 2022 (−15.0%). Volatility has been 19.2% a year.
Related: XSHQ chart, XSHQ holdings, XSHQ dividends, XSHQ valuation. See the XSHQ overview for the latest quote and fund facts.
XSHQ performance FAQ
What is the XSHQ return over the past year?
XSHQ returned +8.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 7.1%.
What is the average annual return of XSHQ?
XSHQ has returned +5.4% a year over 5 years, +8.3% a year since April 6, 2017 (total return, distributions reinvested).
How much would $10,000 invested in XSHQ be worth?
$10,000 invested in XSHQ at its first recorded close on April 6, 2017 would be worth about $21,448 on October 23, 2026 with distributions reinvested.
What was the worst year for XSHQ?
The worst calendar year was 2022, with a total return of −15.0%. The best was 2021 at +24.0%.
What is the biggest drawdown of XSHQ?
The largest peak-to-trough decline was −38.3% between September 5, 2018 and March 23, 2020. It recovered to the old high on December 4, 2020, 8 months after the bottom.
How volatile is XSHQ?
Over the past 3 years XSHQ had an annualized volatility of 17.9% and a Sharpe ratio of 0.34 (excess return over 1–3 month T-bills per unit of risk).