Invesco S&P SmallCap Low Volatility ETF XSLV provides pure exposure to the S&P SmallCap 600 Index's least volatile stocks. Unadulterated access to low-volatility stocks can lead to pronounced sector tilts, which can compromise the fund's low-risk objective. After a closer review of these risks, we are downgrading its Morningstar Analyst Rating to Neutral from Bronze.
Invesco S&P SmallCap Low Volatility ETF XSLV
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will XSLV outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable XSLV’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the XSLV management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of XSLV’s parent organization’s priorities and whether they’re in line with investors’ interests.
Low-risk stocks don't always equate to a low-risk portfolio.
