XSHDETF / FundInvesco S&P SmallCap High Dividend Low Volatility ETF
Verdicts genuinely change. Free email alert the moment XSHD's does — no target price to set, unlike "Alert" above.
Whether this fund clears the published standards, and the filings behind that answer. The screen runs first and nothing on the trading side can override it.
Structure, momentum, positioning and levels. Separate from the Sharia verdict above, which this side never overrides.
Invesco S&P SmallCap High Dividend Low Volatility ETF ETF · Invesco Exchange-Traded Fund Trust II
61 holdings · as of 2026-08-31 (2.2 months ago)
This fund holds short positions, so exposure is counted gross — long and short both count as exposure rather than netting off, and the weights below therefore sum to 129% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT At least 64.19% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 53% turns out to be. Matching more holdings can only raise this share, never lower it.
61 holdings, 47 matched (59% of weight). Portfolio as of 2026-08-31, filed 2026-10-30. Source: SEC Form N-PORT.
1.68% of this portfolio’s income is non-permissible — weighted across holdings, computed over 50% of portfolio weight (42 of 61 holdings). The common approach purifies that proportion of income received — dividends — not of the position’s value. We report the ratio; what to do with it is a question for your own scholar.
Portfolio shares are withheld: coverage is below the floor needed to state one. The holdings themselves are below, because the names are evidence you can check.
All holdings (61)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| Invesco Private Prime Fund | UNSCREENED | 21.13% | no in-house ratios for this holding |
| Invesco Private Government Fund | UNSCREENED | 8.13% | no in-house ratios for this holding |
| RITM Rithm Capital Corp. | NON_COMPLIANT | 3.48% | AAOIFI532.0% Usmani55.3% Dow Jones Islamic565.3% S&P Shariah611.2% MSCI Islamic55.3% MSCI Islamic M-Series611.2% FTSE Shariah55.3% |
| Conagra Brands, Inc. | UNSCREENED | 3.42% | no in-house ratios for this holding |
| FBRT Franklin BSP Realty Trust, Inc. | NON_COMPLIANT | 3.37% | AAOIFI35.0% Usmani3.9% Dow Jones Islamic32.0% S&P Shariah31.6% MSCI Islamic3.9% MSCI Islamic M-Series31.6% FTSE Shariah3.9% |
| MRP Millrose Properties, Inc. | NON_COMPLIANT | 3.37% | AAOIFI50.2% Usmani25.5% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic25.5% MSCI Islamic M-Seriesfail FTSE Shariah25.5% |
| Ellington Financial Inc. | UNSCREENED | 3.15% | no in-house ratios for this holding |
| ARMOUR Residential REIT, Inc. | UNSCREENED | 3.14% | no in-house ratios for this holding |
| PMT PennyMac Mortgage Investment Trust | NON_COMPLIANT | 3.00% | AAOIFI82.7% Usmani2.8% Dow Jones Islamic73.8% S&P Shariah75.6% MSCI Islamic2.8% MSCI Islamic M-Series75.6% FTSE Shariah2.8% |
| Global Net Lease, Inc. | UNSCREENED | 2.93% | no in-house ratios for this holding |
| IIPR Innovative Industrial Properties, Inc. | NON_COMPLIANT | 2.89% | AAOIFI45.9% Usmani26.3% Dow Jones Islamic47.7% S&P Shariah40.7% MSCI Islamic26.3% MSCI Islamic M-Series40.7% FTSE Shariah26.3% |
| WU Western Union Co. (The) | NON_COMPLIANT | 2.68% | AAOIFI104.5% Usmani31.5% Dow Jones Islamic91.2% S&P Shariah83.5% MSCI Islamic31.5% MSCI Islamic M-Series83.5% FTSE Shariah31.5% |
| FLO Flowers Foods, Inc. | NON_COMPLIANT | 2.65% | AAOIFI150.7% Usmani47.9% Dow Jones Islamic71.4% S&P Shariah61.7% MSCI Islamic47.9% MSCI Islamic M-Series61.7% FTSE Shariah40.3% |
| Blackstone Mortgage Trust, Inc. | UNSCREENED | 2.64% | no in-house ratios for this holding |
| CPB Campbell's Co. (The) | NON_COMPLIANT | 2.61% | AAOIFI123.5% Usmani48.1% Dow Jones Islamic84.1% S&P Shariah75.7% MSCI Islamic47.6% MSCI Islamic M-Series75.7% FTSE Shariah45.6% |
| DEA Easterly Government Properties, Inc. | NON_COMPLIANT | 2.43% | AAOIFI147.2% Usmani50.0% Dow Jones Islamic179.5% S&P Shariah177.7% MSCI Islamic50.0% MSCI Islamic M-Series177.7% FTSE Shariah50.0% |
| KNTK Kinetik Holdings Inc. | NON_COMPLIANT | 2.40% | AAOIFI43.0% Usmani55.5% Dow Jones Islamic56.5% S&P Shariah62.5% MSCI Islamic55.5% MSCI Islamic M-Series62.5% FTSE Shariah54.8% |
| NXRT NexPoint Residential Trust, Inc. | NON_COMPLIANT | 2.35% | AAOIFI266.0% Usmani86.4% Dow Jones Islamic202.1% S&P Shariah205.1% MSCI Islamic86.4% MSCI Islamic M-Series205.1% FTSE Shariah86.4% |
| MPT Medical Properties Trust, Inc. | NON_COMPLIANT | 2.15% | AAOIFI403.5% Usmani65.5% Dow Jones Islamic352.0% S&P Shariah371.3% MSCI Islamic65.5% MSCI Islamic M-Series371.3% FTSE Shariah65.5% |
| Highwoods Properties, Inc. | UNSCREENED | 2.15% | no in-house ratios for this holding |
| DEI Douglas Emmett, Inc. | NON_COMPLIANT | 2.13% | AAOIFI299.2% Usmani59.9% Dow Jones Islamic257.7% S&P Shariah267.3% MSCI Islamic59.9% MSCI Islamic M-Series267.3% FTSE Shariah59.9% |
| BFS Saul Centers, Inc. | NON_COMPLIANT | 1.98% | AAOIFI199.6% Usmani74.3% Dow Jones Islamic202.8% S&P Shariah205.7% MSCI Islamic74.3% MSCI Islamic M-Series205.7% FTSE Shariah74.3% |
| NE Noble Corp. PLC | COMPLIANT | 1.95% | AAOIFI25.8% Usmani26.4% Dow Jones Islamic36.9% S&P Shariah35.9% MSCI Islamic26.1% MSCI Islamic M-Series35.9% FTSE Shariah26.1% |
| LTC LTC Properties, Inc. | NON_COMPLIANT | 1.95% | AAOIFI35.4% Usmani35.7% Dow Jones Islamic47.6% S&P Shariah52.3% MSCI Islamic35.7% MSCI Islamic M-Series52.3% FTSE Shariah35.7% |
| CALM Cal-Maine Foods, Inc. | COMPLIANT | 1.84% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| Universal Corp. | UNSCREENED | 1.84% | no in-house ratios for this holding |
| EMN Eastman Chemical Co. | NON_COMPLIANT | 1.80% | AAOIFI64.1% Usmani33.8% Dow Jones Islamic60.0% S&P Shariah58.0% MSCI Islamic33.8% MSCI Islamic M-Series58.0% FTSE Shariah33.8% |
| CWEN Clearway Energy, Inc. | NON_COMPLIANT | 1.73% | AAOIFI151.8% Usmani59.0% Dow Jones Islamic159.3% S&P Shariah176.9% MSCI Islamic59.0% MSCI Islamic M-Series176.9% FTSE Shariah54.0% |
| JJSF J & J Snack Foods Corp. | COMPLIANT | 1.71% | AAOIFI14.0% Usmani16.3% Dow Jones Islamic10.5% S&P Shariah9.3% MSCI Islamic16.2% MSCI Islamic M-Series9.3% FTSE Shariah4.2% |
| DMC Del Monte Corp. | NON_COMPLIANT | 1.63% | AAOIFI39.3% Usmani17.6% Dow Jones Islamic38.1% S&P Shariah42.5% MSCI Islamic17.6% MSCI Islamic M-Series42.5% FTSE Shariah12.8% |
| LKQ LKQ Corp. | NON_COMPLIANT | 1.56% | AAOIFI24.7% Usmani9.2% Dow Jones Islamic17.0% S&P Shariah15.2% MSCI Islamic9.2% MSCI Islamic M-Series15.2% FTSE Shariah0.0% |
| SLVM Sylvamo Corp. | NON_COMPLIANT | 1.55% | AAOIFI66.4% Usmani33.5% Dow Jones Islamic44.2% S&P Shariah44.0% MSCI Islamic33.0% MSCI Islamic M-Series44.0% FTSE Shariah30.7% |
| Avista Corp. | UNSCREENED | 1.45% | no in-house ratios for this holding |
| HNI HNI Corp. | NON_COMPLIANT | 1.37% | AAOIFI46.9% Usmani34.1% Dow Jones Islamic70.3% S&P Shariah75.5% MSCI Islamic33.9% MSCI Islamic M-Series75.5% FTSE Shariah28.5% |
| NWN Northwest Natural Holding Co. | NON_COMPLIANT | 1.31% | AAOIFI124.6% Usmani40.1% Dow Jones Islamic146.2% S&P Shariah161.6% MSCI Islamic40.1% MSCI Islamic M-Series161.6% FTSE Shariah38.8% |
| ADT ADT Inc. | NON_COMPLIANT | 1.25% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| UTL Unitil Corp. | NON_COMPLIANT | 1.17% | AAOIFI74.4% Usmani32.8% Dow Jones Islamic84.0% S&P Shariah87.7% MSCI Islamic32.8% MSCI Islamic M-Series87.7% FTSE Shariah32.5% |
| Korn Ferry | UNSCREENED | 1.17% | no in-house ratios for this holding |
| LPG Dorian LPG Ltd. | NON_COMPLIANT | 1.13% | AAOIFI25.9% Usmani34.0% Dow Jones Islamic51.7% S&P Shariah51.5% MSCI Islamic34.0% MSCI Islamic M-Series51.5% FTSE Shariah26.7% |
| BKE Buckle, Inc. (The) | COMPLIANT | 1.12% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| WLYB John Wiley & Sons, Inc. | NON_COMPLIANT | 1.07% | AAOIFI51.8% Usmani43.9% Dow Jones Islamic55.5% S&P Shariah58.1% MSCI Islamic43.9% MSCI Islamic M-Series58.1% FTSE Shariah41.2% |
| REYN Reynolds Consumer Products Inc. | NON_COMPLIANT | 1.05% | AAOIFI35.4% Usmani33.4% Dow Jones Islamic33.1% S&P Shariah32.3% MSCI Islamic33.1% MSCI Islamic M-Series32.3% FTSE Shariah31.0% |
| SCL Stepan Co. | NON_COMPLIANT | 1.03% | AAOIFI49.1% Usmani29.6% Dow Jones Islamic56.7% S&P Shariah49.9% MSCI Islamic29.6% MSCI Islamic M-Series49.9% FTSE Shariah27.1% |
| CRC California Resources Corp. | COMPLIANT | 1.03% | AAOIFI28.0% Usmani19.0% Dow Jones Islamic31.5% S&P Shariah34.1% MSCI Islamic19.0% MSCI Islamic M-Series34.1% FTSE Shariah18.0% |
| TRN Trinity Industries, Inc. | NON_COMPLIANT | 0.98% | AAOIFI234.2% Usmani63.5% Dow Jones Islamic217.4% S&P Shariah229.7% MSCI Islamic63.5% MSCI Islamic M-Series229.7% FTSE Shariah63.5% |
| MATW Matthews International Corp. | NON_COMPLIANT | 0.97% | AAOIFI95.2% Usmani41.7% Dow Jones Islamic85.0% S&P Shariah80.4% MSCI Islamic41.7% MSCI Islamic M-Series80.4% FTSE Shariah37.7% |
| HTO H2O America | NON_COMPLIANT | 0.96% | AAOIFI69.6% Usmani35.0% Dow Jones Islamic99.4% S&P Shariah101.6% MSCI Islamic35.0% MSCI Islamic M-Series101.6% FTSE Shariah35.0% |
| U.S. Physical Therapy, Inc. | UNSCREENED | 0.95% | no in-house ratios for this holding |
| MSEX Middlesex Water Co. | NON_COMPLIANT | 0.89% | AAOIFI36.9% Usmani28.4% Dow Jones Islamic40.9% S&P Shariah40.9% MSCI Islamic28.4% MSCI Islamic M-Series40.9% FTSE Shariah28.3% |
| CWT California Water Service Group | NON_COMPLIANT | 0.88% | AAOIFI47.6% Usmani24.7% Dow Jones Islamic53.9% S&P Shariah54.3% MSCI Islamic24.7% MSCI Islamic M-Series54.3% FTSE Shariah24.7% |
| AWR American States Water Co. | COMPLIANT | 0.86% | AAOIFI21.4% Usmani26.1% Dow Jones Islamic24.7% S&P Shariah25.3% MSCI Islamic26.1% MSCI Islamic M-Series25.3% FTSE Shariah25.9% |
| MDU MDU Resources Group, Inc. | NON_COMPLIANT | 0.86% | AAOIFI62.6% Usmani33.4% Dow Jones Islamic59.6% S&P Shariah60.0% MSCI Islamic33.4% MSCI Islamic M-Series60.0% FTSE Shariah33.4% |
| IOSP Innospec Inc. | COMPLIANT | 0.83% | AAOIFI2.1% Usmani2.6% Dow Jones Islamic2.2% S&P Shariah2.0% MSCI Islamic2.6% MSCI Islamic M-Series2.0% FTSE Shariah0.0% |
| OTTR Otter Tail Corp. | NON_COMPLIANT | 0.82% | AAOIFI32.2% Usmani28.2% Dow Jones Islamic36.0% S&P Shariah36.2% MSCI Islamic28.2% MSCI Islamic M-Series36.2% FTSE Shariah28.2% |
| Greenbrier Cos., Inc. (The) | UNSCREENED | 0.80% | no in-house ratios for this holding |
| MTCH Match Group, Inc. | NON_COMPLIANT | 0.75% | AAOIFI37.0% Usmani88.1% Dow Jones Islamic44.3% S&P Shariah42.6% MSCI Islamic88.1% MSCI Islamic M-Series42.6% FTSE Shariah88.1% |
| SXT Sensient Technologies Corp. | COMPLIANT | 0.63% | AAOIFI13.4% Usmani32.2% Dow Jones Islamic19.2% S&P Shariah21.4% MSCI Islamic32.2% MSCI Islamic M-Series21.4% FTSE Shariah32.2% |
| H.B. Fuller Co. | UNSCREENED | 0.55% | no in-house ratios for this holding |
| NSSC Napco Security Technologies, Inc. | COMPLIANT | 0.54% | AAOIFI0.4% Usmani2.2% Dow Jones Islamic0.4% S&P Shariah0.4% MSCI Islamic2.2% MSCI Islamic M-Series0.4% FTSE Shariah0.0% |
| PLUS ePlus inc. | COMPLIANT | 0.53% | AAOIFI2.3% Usmani2.9% Dow Jones Islamic2.6% S&P Shariah2.7% MSCI Islamic2.9% MSCI Islamic M-Series2.7% FTSE Shariah2.1% |
| NHC National HealthCare Corp. | COMPLIANT | 0.52% | AAOIFI0.9% Usmani2.0% Dow Jones Islamic1.5% S&P Shariah1.7% MSCI Islamic2.0% MSCI Islamic M-Series1.7% FTSE Shariah0.0% |
The published standards disagree about this fund by 18 points of portfolio weight — 24.2% of it passes FTSE Shariah, 6.3% passes Dow Jones Islamic. Which number is yours depends on which standard you follow.
These bars are the financial-ratio result under each standard — debt, receivables and interest income. They do not screen what the business does, so a holding can pass every ratio here and still be questionable or non-compliant on activity. The blended verdict above accounts for both.
ratios pass on 9.9% ratios fail on 61.5% 57.8% not rated under AAOIFI
ratios pass on 14.7% ratios fail on 44.1% 70.4% not rated under Usmani
ratios pass on 6.3% ratios fail on 61.7% 61.1% not rated under Dow Jones Islamic
ratios pass on 6.9% ratios fail on 61.2% 61.1% not rated under S&P Shariah
ratios pass on 23.0% ratios fail on 42.9% 63.3% not rated under MSCI Islamic
ratios pass on 6.4% ratios fail on 61.7% 61.1% not rated under MSCI Islamic M-Series
ratios pass on 24.2% ratios fail on 39.5% 65.5% not rated under FTSE Shariah
47 of 61 listed holdings carry our own per-methodology verdicts (76% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 44 (72% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| RITM Rithm Capital Corp. | 3.48% |
| FBRT Franklin BSP Realty Trust, Inc. | 3.37% |
| MRP Millrose Properties, Inc. | 3.37% |
| PMT PennyMac Mortgage Investment Trust | 3.00% |
| IIPR Innovative Industrial Properties, Inc. | 2.89% |
| WU Western Union Co. (The) | 2.68% |
| FLO Flowers Foods, Inc. | 2.65% |
| CPB Campbell's Co. (The) | 2.61% |
| DEA Easterly Government Properties, Inc. | 2.43% |
| KNTK Kinetik Holdings Inc. | 2.40% |
Methodology breakdown computing — it will appear here on its own.
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Why this signal?
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD) is currently considered not halal (non-compliant), per our own look-through to its filed holdings. See its filed holdings and the weight breakdown below for the reasoning.
Still fetching analyst coverage — it ran past this page's budget, so the page painted without waiting. The fetch is still running; reload in a moment and it will be here.
🕌 In-house Compliance Research
Computing the full ratio and business-activity breakdown for XSHD — this runs off the critical path so the page paints first. It will appear here on its own.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
Price Forecast
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally below. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
Technical Summary
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
Every indicator, and what it reads
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 61.90 | NEUTRAL |
| Stochastic %K (14) | 97.25 | SELL |
| CCI (20) | 193.83 | SELL |
| Williams %R (14) | -2.75 | SELL |
| MACD (12,26,9) | 0.09 | BUY |
| ROC (10) | 6.46 | BUY |
| Momentum (10) | 0.82 | BUY |
| EMA (10) | 13.13 | BUY |
| SMA (10) | 13.12 | BUY |
| EMA (20) | 13.06 | BUY |
| SMA (20) | 12.94 | BUY |
| EMA (30) | 13.10 | BUY |
| SMA (30) | 12.92 | BUY |
| EMA (50) | 13.23 | BUY |
| SMA (50) | 13.27 | BUY |
| EMA (100) | 13.38 | BUY |
| SMA (100) | 13.66 | SELL |
| EMA (200) | 13.19 | BUY |
| SMA (200) | 13.40 | BUY |
About Invesco S&P SmallCap High Dividend Low Volatility ETF
The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is designed to measure the performance of approximately 60 securities in the S&P SmallCap 600® Index that historically have provided high dividend yields while exhibiting lower volatility.
Background via Yahoo Finance — informational, not part of the verdict.
Weak — low conviction, small size or skip
SMC — Top Down
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BULLISH | 42 |
| 🕐 1H | BULLISH | 38 |
| ⏱ 15-Min | BULLISH | 130 |
| ⏲ 5-Min | RANGING | 234 |
Momentum & Volume
Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.
Peer Movement
How the rest of the sector moved over the same window. Context for a price move, never a cause of one.
Peer movement computing — it will appear here on its own.
Before you act on this
The questions worth asking about any verdict on this page, answered plainly.
Is a fund screened on its name?
No. HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A fund marketed as Islamic still gets the same look-through as any other.
What does unrated weight mean?
It is the share of the fund whose holdings HTR cannot cover far enough to rate. It is reported as unrated rather than counted as compliant, because a holding nobody screened should not look like one that passed.
Does the issuer's board make it compliant?
It matters, and it is noted, but it does not replace the look-through. The board's judgement and the holdings screen are shown separately so you can see when they agree and when they do not.
How often is this re-screened?
When the fund files new holdings, and on a rolling basis besides. The date on the verdict above is the last time this fund was actually recomputed.
Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.
Compare with
Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.
Peer screening computing — it will appear here on its own.
Insider Activity (90d)
Insider transactions reported in the last ninety days. Insiders sell for reasons that have nothing to do with a view, so a sale on its own is not a signal.
NO DATA 0 buys · 0 sells
COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE
The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.
NEUTRAL report date 2026-10-27 · Asset managers net 923449 (+22072)
AI Summary
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.