Invesco ETFs
Explore our lineup of ETFs and see how they can be cost-effective, tax-efficient tools for maximizing your investments and meeting your portfolio objectives.
Invesco ETFs Smart beta ETFs
Smart beta strategies offer alternative weighting approaches for investors seeking specific outcomes beyond traditional benchmarks.
Why partner with us Portfolios tailored to your goals.
Smart beta strategies break the link between price and weight to capture risk premia. Our lineup includes single, multifactor and fundamentally weighted strategies that aim to mitigate risk, enhance diversification, and potentially outperform in various markets.
Return potential
Rewarded factors like value, size, quality, low volatility, dividend yield, and momentum can generate potential excess returns.1
Broad selection
Our comprehensive range of smart beta strategies span asset classes, sizes, and sectors to help investors optimize their portfolios.2
Industry Pioneer
We launched the industry’s first smart beta ETF2 in 2003 and continue to offer a diverse selection of ETFs with a forward-thinking approach.
Leader in innovative smart beta strategies
Smart beta investing, sometimes called factor investing, offers an alternative approach to weighting by market cap. We continue to innovate our broad smart beta ETF lineup, which includes a range of single and multi-factor strategies that aim to use rewarded factors to help investors more precisely achieve their portfolio goals.
What we offer Smart beta ETF Suite
| Ticker | Fund name | Inception date | Capitalization | Total expense ratio | Net expense ratio | Download |
|---|---|---|---|---|---|---|
| RSP | Invesco S&P 500® Equal Weight ETF | 4/24/2003 | Large cap | 0.20% | 0.20% | Invest in RSP Fact sheet |
| EQAL | Invesco Russell 1000 Equal Weight ETF | 12/23/2014 | Large cap | 0.20% | 0.20% | Invest in EQAL Fact sheet |
| EQWL | Invesco S&P 100 Equal Weight ETF | 12/1/2006 | Large cap | 0.30% | 0.25%* | Invest in EQWL Fact sheet |
QEW  |
Invesco QQQ Equal Weight ETF | 3/18/2026 | US Equity | 0.25% | 0.25% | Invest in QEW |
*The Adviser has contractually agreed to waive fees and/or pay certain Fund expenses through at least Aug. 31, 2026.
| Ticker | Fund name | Inception date | Capitalization | Total expense ratio | Net expense ratio | Download |
|---|---|---|---|---|---|---|
| SPHQ | Invesco S&P 500 Quality ETF | 12/6/2005 | Large cap | 0.21% | 0.15%* | Invest in SPHQ Fact sheet |
| XMHQ | Invesco S&P MidCap Quality ETF | 12/1/2006 | Mid cap | 0.31% | 0.25%* | Invest in XMHQ Fact sheet |
| XSHQ | Invesco S&P SmallCap Quality ETF | 4/6/2017 | Small cap | 0.29% | 0.29% | Invest in XSHQ Fact sheet |
| IDHQ | Invesco S&P International Developed Quality ETF | 6/13/2007 | Large & mid cap | 0.29% | 0.29% | Invest in IDHQ Fact sheet |
| QOWZ | Invesco Nasdaq Free Cash Flow Achievers ETF | 12/6/2023 | Large cap | 0.39% | 0.39% | Invest in QOWZ Fact sheet |
*The Adviser has contractually agreed to waive fees and/or pay certain Fund expenses through at least Aug. 31, 2026.
| Ticker | Fund name | Inception date | Capitalization | Total expense ratio | Net expense ratio | Download |
|---|---|---|---|---|---|---|
| SPLV | Invesco S&P 500® Low Volatility ETF | 5/5/2011 | Large cap | 0.25% | 0.25% | Invest in SPLV Fact sheet |
| XMLV | Invesco S&P MidCap Low Volatility ETF | 2/15/2013 | Mid cap | 0.25% | 0.25% | Invest in XMLV Fact sheet |
| XSLV | Invesco S&P SmallCap Low Volatility ETF | 2/15/2013 | Small cap | 0.25% | 0.25% | Invest in XSLV Fact sheet |
| IDLV | Invesco S&P International Developed Low Volatility ETF | 1/13/2012 | Large & mid cap | 0.25% | 0.25% | Invest in IDLV Fact sheet |
| EELV | Invesco S&P Emerging Markets Low Volatility ETF | 1/13/2012 | Large & mid cap | 0.29% | 0.29% | Invest in EELV Fact sheet |
| Ticker | Fund | Inception date | Capitalization | Total expense ratio | Net expense ratio | Download |
|---|---|---|---|---|---|---|
| SPHD | Invesco S&P 500® High Dividend Low Volatility ETF | 10/18/2012 | Large cap | 0.30% | 0.30% | Invest in SPHD Fact sheet |
| DIVG | Invesco S&P 500 High Dividend Growers ETF | 12/6/2023 | Large cap | 0.39% | 0.39% | Invest in DIVG Fact sheet |
| PFM | Invesco Dividend Achievers™ ETF | 9/15/2005 | Other | 0.52% | 0.52% | Invest in PFM Fact sheet |
| PEY | Invesco High Yield Equity Dividend Achievers™ ETF | 12/9/2004 | Other | 0.53% | 0.53% | Invest in PEY Fact sheet |
| PID | Invesco International Dividend Achievers™ ETF | 9/15/2005 | Other | 0.53% | 0.53% | Invest in PID Fact sheet |
| DJD | Invesco Dow Jones Industrial Average Dividend ETF | 12/16/2015 | Large cap | 0.07% | 0.07% | Invest in DJD Fact sheet |
Funds labeled as "other" can invest in any capitalization range
| Ticker | Fund name | Inception date | Capitalization | Total expense ratio | Net expense ratio | Download |
|---|---|---|---|---|---|---|
| SPMO | Invesco S&P 500® Momentum ETF | 10/9/2015 | Large cap | 0.13% | 0.13% | Invest in SPMO Fact sheet |
| XMMO | Invesco S&P MidCap Momentum ETF | 3/3/2005 | Mid cap | 0.39% | 0.39% | Invest in XMMO Fact sheet |
| XSMO | Invesco S&P SmallCap Momentum ETF | 3/3/2005 | Small cap | 0.40% | 0.39%* | Invest in XSMO Fact sheet |
| IDMO | Invesco S&P International Developed Momentum ETF | 2/24/2012 | Large & mid cap | 0.25% | 0.25% | Invest in IDMO Fact sheet |
| EEMO | Invesco S&P Emerging Markets Momentum ETF | 2/24/2012 | Large & mid cap | 0.29% | 0.29% | Invest in EEMO Fact sheet |
*The Adviser has contractually agreed to waive fees and/or pay certain Fund expenses through at least Aug. 31, 2026.
Frequently asked questions
It’s a portfolio weighting approach that provides an alternative to weighting by market cap — stock price multiplied by outstanding shares. Two examples are equal weight and revenue weight.
An equal weight approach can help diversify portfolios by reducing concentration risk in market-capitalization-weighted indexes. Learn more about our equal weight funds:
- Invesco S&P 500® Equal Weight ETF (RSP)
- Invesco S&P 500® Equal Weight Technology ETF (RSPT)
- Invesco S&P 500® Equal Weight Energy ETF (RSPG)
A fundamental weight approach utilizes fundamental measures, such as sales, cash flow, dividends, or book value, to help eliminate pricing errors and provide broad-based exposure. Learn more about our fundamental weight funds:
- Invesco S&P 500 Revenue ETF (RWL)
- Invesco RAFI US 1000 ETF (PRF)
- Invesco S&P MidCap 400 Revenue ETF (RWK)
Factor investing is technically a subset of smart beta investing. Factor strategies select a group of stocks with similar characteristics and weight the stocks by the factor. Examples of factors are value, size, quality, low volatility, momentum, and dividend yield.
Our smart beta ETF lineup attempts to offer concentrated factor exposure through a methodical stock selection process with either unconstrained or wide-sector constraints. We offer a variety of equal weight and revenue-weighted smart beta ETFs.
As we continue to see a few large names dominate the weight of traditional market-cap indexes, a smart beta approach may offer investors a transparent way to reduce concentration risk and better diversify their equity exposures based on an alternative weighting approach. Factor investing helps investors access risk management strategies and can help them meet their financial objectives.
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There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. The Fund’s return may not match the return of the Underlying Index. The Fund is subject to certain other risks. Please see the current prospectus for more information regarding the risk associated with an investment in the Fund.
Beta is a measure of risk representing how a security is expected to respond to general market movements. Smart Beta represents an alternative and selection index-based methodology that seeks to outperform a benchmark or reduce portfolio risk, both in active or passive vehicles. Smart beta funds may underperform cap-weighted benchmarks and increase portfolio risk.
Most ETFs disclose their holdings daily.
Since ordinary brokerage commissions apply for each buy and sell transaction, frequent trading activity may increase the cost of ETFs
Certain funds and portfolios, particularly the Invesco ETFs, in and of themselves do not qualify as diversified investment strategies.
Types of rewarded factors
Investors can access rewarded factors, like value, size, quality, low volatility, dividend yield, and momentum, to generate potential excess returns.1 Each rewarded factor can be categorized into a factor type: Offensive, defensive, or trending.
Offensive factors
Aim to outperform the broad market during periods of strong equity returns or accelerating economic growth.
Stocks trading at discount compared to intrinsic value based on measures, such as price-to-earnings ratio or sales.
Stocks with smaller market capitalization.
Defensive factors
Aim to outperform in down markets or decelerating economic growth and tend to have lower volatility.
Stocks with low leverage and high return on equity (ROE), cash flows, and profitability.
Stocks with lower-than-average volatility (standard deviation) or beta.
Stocks with higher dividend payouts.
Trending factors
Can be offensive or defensive but lean toward benefiting from consistent market trends.
Stocks with recent strong performance.
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