Invesco S&P SmallCap Low Volatility ETF (XSLV) Performance
XSLV total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +11.3% since Dec 31, 2025
- 1 year
- +12.8% total return
- 5 years
- +3.1% a year
- 10 years
- +5.5% a year
- Since first price
- +7.7% a year since 2013
XSLV trailing returns vs SPY, QQQ, AGG
| Period | XSLV total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.8% | +1.8% | −1.0% | −5.0% | +0.9% |
| 3 months | −3.4% | −4.3% | +3.2% | +1.9% | −0.4% |
| 6 months | +2.7% | +1.5% | +7.8% | +8.4% | −1.5% |
| YTD | +11.3% | +9.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +12.8% | +10.0% | +14.4% | +15.9% | −1.1% |
| 3 years | +43.0%+12.7%/yr | +33.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +16.6%+3.1%/yr | +3.2% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +70.8%+5.5%/yr | +34.2% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionFeb 15, 2013 | +175.3%+7.7%/yr | +100.5% | — | — | — |
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: XSLV vs SPY
From Feb 15, 2013: XSLV grew to $27,527, SPY to $63,069.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
XSLV returns by calendar year
9 of 12 full years positive. Best 2016 (+31.4%), worst 2020 (−17.4%). 2026 is year to date.
XSLV annual returns table
| Year | XSLV | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +11.3% | −9.5% | +12.3% | +15.1% | −1.0% |
| 2025 | +0.3% | −13.9% | +17.7% | +20.8% | +7.2% |
| 2024 | +9.8% | −7.5% | +24.9% | +25.6% | +1.3% |
| 2023 | +1.3% | −20.1% | +26.2% | +54.9% | +5.7% |
| 2022 | −11.8% | −20.9% | −18.2% | −32.6% | −13.0% |
| 2021 | +29.3% | −6.1% | +28.7% | +27.4% | −1.8% |
| 2020 | −17.4% | −44.3% | +18.3% | +48.6% | +7.5% |
| 2019 | +22.3% | −6.2% | +31.2% | +39.0% | +8.5% |
| 2018 | −5.4% | −18.7% | −4.6% | −0.1% | +0.1% |
| 2017 | +8.6% | −4.9% | +21.7% | +32.7% | +3.6% |
| 2016 | +31.4% | −6.4% | +12.0% | +7.1% | +2.4% |
| 2015 | +2.7% | −8.9% | +1.2% | +9.4% | +0.5% |
| 2014 | +10.8% | −7.5% | +13.5% | +19.2% | +6.0% |
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.
XSLV largest drawdowns
Now 5.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 17, 2020 | −44.3% | Mar 23, 2020 | Nov 1, 2021 | 2 months | 1.8 years |
| Jan 4, 2022 | −24.7% | Oct 27, 2023 | Nov 6, 2024 | 1.8 years | 2.8 years |
| Aug 31, 2018 | −18.7% | Dec 24, 2018 | Sep 13, 2019 | 4 months | 1.0 years |
| Nov 25, 2024 | −18.3% | Apr 8, 2025 | Feb 5, 2026 | 4 months | 1.2 years |
| Dec 1, 2015 | −11.1% | Jan 21, 2016 | Mar 30, 2016 | 51 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
XSLV risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2013 |
|---|---|---|---|---|
| Annualized return | +10.1% | +3.3% | +4.9% | +7.5% |
| Volatility (annualized) | 14.3% | 16.9% | 17.9% | 16.5% |
| Sharpe ratio | 0.44 | 0.06 | 0.23 | 0.42 |
| Sortino ratio | 0.78 | 0.09 | 0.32 | 0.60 |
| Best month | +10.1% | +13.1% | +13.1% | +13.1% |
| Worst month | −6.4% | −9.0% | −25.6% | −25.6% |
| Best 12 months | +28.3% | +28.3% | +47.1% | +47.1% |
| Worst 12 months | −6.3% | −14.6% | −30.0% | −30.0% |
| Positive months | 56% | 50% | 57% | 61% |
| Beta vs S&P 500 | 0.61 | 0.74 | 0.85 | — |
| Correlation with S&P 500 | 0.53 | 0.69 | 0.73 | — |
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.
XSLV rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 153 | −30.0% | +8.6% | +47.1% | 75% |
| 3-year (a year) | 129 | −7.7% | +6.4% | +19.0% | 85% |
| 5-year (a year) | 105 | −2.0% | +4.6% | +15.8% | 92% |
| 10-year (a year) | 45 | +4.9% | +6.0% | +8.7% | 100% |
Every holding period starting at a month-end since 2013. Returns for 3 years and longer are annualized.
XSLV performance overview
Invesco S&P SmallCap Low Volatility ETF (XSLV) returned +12.8% over the past year and +5.5% a year over ten years, with distributions reinvested. Since its first recorded price in 2013 it has returned +7.7% a year, turning $10,000 into about $27,527. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −44.3%, from Jan 17, 2020 to Mar 23, 2020, and it took 1.6 years to get back to the old high. XSLV finished 9 of its 12 full calendar years with a gain; the best year was 2016 (+31.4%) and the worst 2020 (−17.4%). Volatility has been 16.5% a year.
Related: XSLV chart, XSLV holdings, XSLV dividends, XSLV valuation. See the XSLV overview for the latest quote and fund facts.
XSLV performance FAQ
What is the XSLV return over the past year?
XSLV returned +12.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 10.0%.
What is the average annual return of XSLV?
XSLV has returned +3.1% a year over 5 years, +5.5% a year over 10 years, +7.7% a year since February 15, 2013 (total return, distributions reinvested).
How much would $10,000 invested in XSLV be worth?
$10,000 invested in XSLV at its first recorded close on February 15, 2013 would be worth about $27,527 on October 23, 2026 with distributions reinvested.
What was the worst year for XSLV?
The worst calendar year was 2020, with a total return of −17.4%. The best was 2016 at +31.4%.
What is the biggest drawdown of XSLV?
The largest peak-to-trough decline was −44.3% between January 17, 2020 and March 23, 2020. It recovered to the old high on November 1, 2021, 1.6 years after the bottom.
How volatile is XSLV?
Over the past 3 years XSLV had an annualized volatility of 14.3% and a Sharpe ratio of 0.44 (excess return over 1–3 month T-bills per unit of risk).