XSHQvsSPSMETF Comparison
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Invesco S&P SmallCap Quality ETF (XSHQ) and State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) belong to the same industry segment: US Multi-Factor. Both ETFs have the same top 3 sector exposures: Finance, Technology and Industrials. XSHQ is more expensive with a Total Expense Ratio (TER) of 0.29%, versus 0.03% for SPSM. XSHQ is up 10.92% year-to-date (YTD) with +$27M in YTD flows. SPSM performs better with 17.7% YTD performance, and +$761M in YTD flows. Run a side-by-side ETF comparison of XSHQ and SPSM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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XSHQ vs SPSM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | XSHQ SPSM | +3.14%+3.16% | -3.31%-3.25% | +10.92%+17.70% | +12.76%+20.90% | +43.04%+66.88% | +28.58%+31.58% |
| Flows | XSHQ SPSM | +$2M-$139M | -$6M-$372M | +$27M+$761M | +$1M+$1.02B | +$214M+$3.46B | +$237M+$8.02B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | XSHQ SPSM | +13.02%+12.38% | +15.67%+15.90% | +19.62%+20.04% | +20.71%+21.12% |
| Max drawdown | XSHQ SPSM | -9.90%-9.65% | -9.90%-9.65% | -27.13%-27.91% | -27.13%-27.91% |
| Max drawdown duration | XSHQ SPSM | 87d75d | 87d75d | 562d380d | 562d380d |
Trading data
XSHQ | SPSM | |
Last sale 10/30/2026 at 1:30 PM | $46.42 | $54.53 |
| Previous close 10/29/2026 | $46.78 | $55.20 |
| Consolidated volume 10/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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XSHQ | SPSM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/30/2026 at 1:30 PM
Live
Closed
XSHQ | SPSM | |
|---|---|---|
| Last price | $46.42 | $54.53 |
| 1D performance | -0.77% | -1.21% |
| AuM | $295.86 M | $16.02 B |
| E/R | 0.29% | 0.03% |
Characteristics
XSHQ | SPSM | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | State Street Investment Management |
| Benchmark | S&P SmallCap 600 Quality Index | S&P SmallCap 600 GARP Index |
| N° of holdings | 115 | 600 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 6, 2017 | July 8, 2013 |
| ESG | No | No |
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Exposure
Countries
XSHQ
USA
96.29%
Other
3.71%
SPSM
USA
97.13%
Other
2.87%
Sectors
XSHQ
Finance
29.53%
Technology
22.24%
Industrials
17.1%
Other
31.13%
SPSM
Finance
25.23%
Technology
14.09%
Industrials
12.23%
Healthcare
10.8%
Consumer Cyclical.
7.75%
Other
29.9%
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Diversification
XSHQ
Total weight of top 15 holdings out of 15
30.06%
SPSM
Total weight of top 15 holdings out of 15
7.6%
Top 15 holdings
Data as of September 30, 2026
XSHQ
Paycom Software, Inc.
3.72%
Qorvo, Inc.
2.45%
Armstrong World Industries, Inc.
2.23%
MarketAxess Holdings, Inc.
2.06%
Dave, Inc.
2.04%
Argan, Inc.
1.98%
Lyft, Inc.
1.97%
Clear Secure, Inc.
1.83%
Moelis & Co.
1.79%
PJT Partners, Inc.
1.78%
Zurn Elkay Water Solutions Corp.
1.68%
Frontdoor, Inc.
1.67%
Everus Construction Group, Inc.
1.65%
Powell Industries, Inc.
1.63%
Artisan Partners Asset Management, Inc.
1.57%
SPSM
FormFactor, Inc.
0.68%
ViaSat, Inc.
0.56%
Glaukos Corp.
0.56%
Qorvo, Inc.
0.55%
Match Group, Inc.
0.54%
Protagonist Therapeutics, Inc.
0.53%
Paycom Software, Inc.
0.49%
Element Solutions, Inc.
0.48%
Ryman Hospitality Properties, Inc.
0.47%
Jackson Financial, Inc.
0.47%
SM Energy Co.
0.47%
TG Therapeutics, Inc.
0.46%
CarMax, Inc.
0.45%
Ralliant Corp.
0.44%
MaxLinear, Inc.
0.44%
Frequently asked questions about XSHQ and SPSM
How have the XSHQ and SPSM ETFs performed in 2026?
As of October 30, 2026, XSHQ is up 10.92% year-to-date (YTD), while SPSM has returned 17.7%. That puts SPSM better performer ahead so far this year.
Which ETF is attracting more investor money: XSHQ or SPSM?
Year-to-date, the XSHQ ETF saw +$27M in flows, compared to +$761M for SPSM.
Which ETF is more volatile: XSHQ or SPSM?
Over the past year, XSHQ had a volatility of 15.67%, while SPSM experienced 15.9%.
Which ETF is bigger: XSHQ or SPSM?
As of October 30, 2026, XSHQ holds $295.86 M in assets under management (AUM), while SPSM manages $16.02 B.
What sectors do the XSHQ and SPSM ETFs invest in?
XSHQ leans toward sectors like Finance, Technology and Industrials. Meanwhile, SPSM focuses on Finance, Technology and Industrials.
What are the top holdings of the XSHQ ETF and SPSM ETF?
XSHQ top holdings include Paycom Software, Inc., Qorvo, Inc. and Armstrong World Industries, Inc.. SPSM holds in its top three: FormFactor, Inc., ViaSat, Inc. and Glaukos Corp..
Which ETF is more diversified: XSHQ or SPSM?
XSHQ holds 115 securities with 30.06% of its assets in the top 15. SPSM has 603 securities and a top 15 weight of 7.6%.
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Latest news about XSHQ & SPSM
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Value ETFs Shine Amid Lower-Than-Expected Inflation
July 15, 2024
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ETF Insights: Top 5 Fund Flows and Segments for June 2023
July 7, 2023
SPSM
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