ETF Evaluator:
Invesco S&P 500® Top 50 ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Large Blend Over the Last Year
| 62.5% | ARS Focused Opportunities Strategy ETF (AFOS) |
| 35.7% | Mohr Company Nav ETF (CNAV) |
| 33.9% | Impact Shares NAACP Minority Empwrmt ETF (NACP) |
| 31.8% | Astoria US Equal Weight Quality KingsETF (ROE) |
| 30.5% | FIS Bright Portfolios Focused Equity ETF (BRIF) |
Risk
Index
Risk
Index
ETF Details
Invesco S&P 500® Top 50 ETF Overview
Invesco S&P 500® Top 50 ETF (XLG) is a passively managed U.S. Equity Large Blend exchange-traded fund (ETF). Invesco launched the ETF in 2005.
The investment seeks to track the investment results (before fees and expenses) of the S&P 500® Top 50 Index (the "underlying index").
The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The index provider compiles, maintains and calculates the underlying index, which consists of the 50 largest companies in the S&P 500® Index based on float-adjusted market capitalization. The underlying index's components are weighted by float-adjusted market capitalization. The fund is non-diversified.
About Invesco S&P 500® Top 50 ETF (XLG)
There are 3 members of the management team with an average tenure of 7.52 years: Peter Hubbard (2018), Michael Jeanette (2018) and Pratik Doshi (2020). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P Composite 1500 TR USD index with a weighting of 100% and S&P 500 Top 50 TR USD index with a weighting of 100%. Invesco S&P 500® Top 50 ETF has 52 securities in its portfolio. The top 10 holdings constitute 60.1% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Invesco S&P 500® Top 50 ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Invesco S&P 500® Top 50 ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 100.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Invesco S&P 500® Top 50 ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $10 billion in total assets, which is below the $13 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
XLG Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Invesco S&P 500® Top 50 ETF expense ratio is below average compared to funds in the Large Blend category. Invesco S&P 500® Top 50 ETF has an expense ratio of 0.20%, which is 52% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Invesco S&P 500® Top 50 ETF has a portfolio turnover rate of 6%, which indicates that it holds its assets around / 0.2 years. By way of comparison, the average portfolio turnover is 158% for the Large Blend category.
Recently, in the month of July 2026, Invesco S&P 500® Top 50 ETF returned -0.8%, which earned it a grade of D, as the Large Blend category had an average return of -0.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Invesco S&P 500® Top 50 ETF has a trailing yield of 0.65%, which is below the 1.16% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Invesco S&P 500® Top 50 ETF Grades
Year to date, the ETF has returned 2.9%, 6.7 percentage points worse than the category, which translates into a grade of F. The fund has returned 13.5% over the past year (grade of F), 19.9% over the past three years (grade of A) and 13.7% per year over the past five years (grade of A) and 16.3% per year over the past 10 years (grade of A).
For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Invesco S&P 500® Top 50 ETF, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
XLG Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| XLG Return (NAV) | -0.8% | -0.1% | 13.5% | 19.9% | 13.7% | 16.3% |
| XLG Return (Price) | -0.8% | -0.0% | 13.5% | 19.9% | 13.7% | 16.3% |
| NAV +/- Price Return | -0.081% | -0.049% | 0.005% | -0.002% | 0.001% | 0.006% |
| Large Blend Avg | -0.8% | 3.7% | 17.5% | 17.4% | 11.2% | 13.6% |
| XLG Grade (NAV) | D | F | F | A | A | A |
| +/- Category (NAV) | 0.0% | -3.8% | -4.0% | 2.4% | 2.6% | 2.7% |
| XLG Tax-Cost Ratio | na | na | 0.3% | 0.3% | 0.4% | 0.5% |
XLG Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| XLG Return (NAV) | 2.9% | 19.5% | 33.5% | 38.0% | -24.2% | 30.5% | 24.3% | 32.2% | -3.5% | 23.0% | 11.1% |
| XLG Return (Price) | 2.9% | 19.5% | 33.5% | 38.2% | -24.3% | 30.8% | 24.2% | 32.0% | -3.6% | 23.0% | 11.3% |
| NAV +/- Price Ret | 0.006% | -0.001% | -0.001% | 0.003% | 0.002% | 0.009% | -0.005% | -0.5% | 2.6% | 0.3% | 1.3% |
| Large Blend Avg | 9.5% | 15.3% | 21.9% | 22.9% | -17.1% | 26.9% | 18.3% | 29.6% | -5.1% | 21.5% | 11.4% |
| XLG Grade (NAV) | F | A | A | A | F | A | A | A | B | A | D |
| +/- Category | -6.7% | 4.2% | 11.6% | 15.2% | -7.2% | 3.6% | 5.9% | 2.6% | 1.7% | 1.4% | -0.2% |
| Risk Measures | |
| Beta: | 1.08 |
| R-Squared: | 90% |
| Standard Deviation: | 14.8% |
| Category Risk Index: | 1.10 |
| Category Risk Rating: | High |
| Total Risk Index: | 1.21 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 0.7% |
| Total Assets: | $ 10,464 Mil |
| Share Class Assets: | $ 10,464 Mil |
| Turnover: | 6.0% |
| Expense Ratio: | 0.20% |
| Index Fund: | Yes |
| Index Tracked: | S&P Composite 1500 TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 8.3 years | |||
| Average Tenure: 7.5 years | |||
| Managers (Year): Hubbard Peter (2018), Jeanette Michael (2018), Doshi Pratik (2020) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 52 |
| % in Top 10 Holdings: | 60.1% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 100.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Invesco |
| Phone Number: | 800-983-0903 |
| Website: | www.invescopowershares.com |
| Inception Date: | May 4, 2005 |
Expenses and Fees
| Expense Ratio (%): | 0.20% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.41% |
