XLG — Invesco S&P 500 Top 50 ETF

XLG Price Performance — Growth of $10,000

Value of a $10,000 investment in XLG over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

XLG Drawdown

The "underwater" chart: XLG's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Invesco S&P 500 Top 50 ETF (XLG) operates within the US Large Cap Growth category, which ETFValuer currently tracks with 13 distinct funds. Issued by Invesco, the fund has accumulated assets under management of $10.3 billion and trades at a price of $59.72. It holds an overall rank of #268 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 59.0 out of 100. The fund carries an expense ratio of 0.2% and offers a dividend yield of 0.65%. The substantial asset size and trading price suggest significant investor adoption relative to the broader universe of tracked funds. Despite its large scale, the fund's ranking and grade indicate it faces stiff competition within its specific growth category.

Over the most recent trading day, the fund declined by 0.10%, while the one-week return showed a sharper drop of 2.74%. A recovery occurred over the one-month period with a gain of 0.71%, followed by a three-month decline of 1.59%. Year-to-date performance stands at +1.47%, and the six-month return is positive at +1.57%. The one-year return reached +11.72%, contrasting with the shorter-term volatility. Over a three-year horizon, the fund has delivered a cumulative return of +72.81%. This pattern illustrates a divergence where long-term gains have been significantly stronger than the mixed results seen in the immediate past year.

The fund is assigned a Low volatility label despite a beta of 1.08, which indicates slightly higher sensitivity to market movements than the benchmark. A Sharpe ratio of 0.47 suggests the return generated per unit of risk taken is moderate relative to the risk-free rate. The maximum drawdown recorded for the fund is -20.70%, representing the largest peak-to-trough decline observed. This combination of a beta above 1.0 and a maximum drawdown exceeding 20% implies the fund experienced notable downside pressure during market stress. The low volatility classification contrasts with the beta and drawdown figures, suggesting recent price movements have been less erratic than the historical maximum loss might imply. Investors should note that the fund's risk profile involves both market correlation and significant potential for temporary capital erosion.

AI-generated summary based on the data on this page.

XLG Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 63.3% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how XLG's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With XLG

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with XLG's top 10 — VTI overlaps most, holding 9 of the same companies as XLG's top 10 (63.3% of XLG's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

XLG Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is — and average daily volume is 1.7M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $10.3B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: XLG is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

XLG Performance History

How XLG Compares to Other US Large Cap Growth ETFs