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, trading under the ticker XLG, operates within the US Large Cap Growth category managed by issuer Invesco. With assets under management totaling $10.3 billion and a current share price of $59.98, the fund demonstrates significant investor adoption relative to its peers. It holds an overall rank of #224 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 61.1 out of 100. The fund carries an expense ratio of 0.2% and offers a dividend yield of 0.65%. This combination of substantial assets and a mid-tier ranking suggests a well-established vehicle that is currently positioned in the middle of the performance spectrum. The fund is one of 13 ETFs tracked in its specific category, indicating a competitive landscape for large cap growth strategies.

Recent performance data shows a decline over the last day at -0.22% and a further drop of -1.20% over the past week. However, the fund has recovered slightly over the last month with a gain of +0.44% and extended that positive trend over three months to +0.26%. Year-to-date returns stand at +1.91%, while the six-month return has accelerated to +3.17%. The one-year return shows a significant jump to +12.92%, and the three-year return reflects a substantial long-term gain of +70.05%. This pattern indicates a divergence where short-term fluctuations have been negative or flat, while longer-term horizons have delivered positive and accelerating returns.

The fund is classified with a Low volatility label despite exhibiting a beta of 1.08, which suggests its price moves slightly more than the broader market. A Sharpe ratio of 0.55 indicates the return generated per unit of risk taken is moderate relative to the risk-free rate. The maximum drawdown recorded for this ETF is -20.70%, representing the largest peak-to-trough decline experienced by investors. This combination of a low volatility label with a beta above 1.00 implies that while the fund may not exhibit extreme daily swings, it still carries above-average market sensitivity. The moderate Sharpe ratio and significant drawdown suggest that while long-term returns have been strong, the path to those returns involved notable periods of decline.

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: 4.71% (as of 2026-07-23) — 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): 18.70 (as of 2026-07-23) — 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 0.02% 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