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 is a US Large Cap Growth fund managed by Invesco with $11.1 billion in assets under management. It holds a C grade and ranks 9th out of 13 peers in its category, placing it at #218 overall among all tracked ETFs. The fund’s 0.2% expense ratio exceeds the category median of 0.15%, while its 0.64% dividend yield sits above the peer average of 0.44%. Concentration is notable, with the top 10 holdings comprising 63.3% of assets, led by a 13.0% position in NVIDIA Corp.

The ETF has delivered a 1-year return of +14.36%, slightly trailing the category median of +14.93%. Short-term momentum shows divergence, with a 1-month decline of -0.68% contrasting against a 6-month gain of +10.41%. Year-to-date performance stands at +6.82%, and the price of $62.87 sits at 84.4% of its 52-week range. The rating has remained unchanged at grade C over the last 35 tracked days, based on 3.0 years of available price history.

With a beta of 1.08, the fund moves more than the broader market, accompanied by 14.62% annualized volatility labeled as Low. A Sharpe ratio of 0.64 indicates the risk-adjusted return profile, while the maximum drawdown of -20.70% reflects the peak-to-trough decline. Liquidity is supported by an average daily volume of 1,523,874 shares, though the bid/ask spread of 0.46% suggests moderate trading costs.

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 — XYLD 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: 4.78% (as of 2026-09-04) — 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): 15.30 (as of 2026-09-07) — 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 2026-08-01) — 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 0.46% and average daily volume is 1.5M/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 $11.1B 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