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CSD - ETF AI Analysis
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Invesco S&P Spin-Off ETF (CSD)
Rating:54Neutral
Price Target:―
Positive Factors
Strong Year-to-Date Performance
The ETF has delivered solid gains so far this year, reflecting strong overall momentum.
Sector Diversification
The fund is spread across multiple sectors, including Industrials, Health Care, and Technology, reducing reliance on any single industry.
Top Holdings Driving Growth
Several top holdings, such as Constellation Energy and GE Vernova, have shown strong year-to-date performance, contributing positively to the fund.
Negative Factors
High Geographic Concentration
The ETF is heavily focused on U.S. companies, offering limited exposure to international markets.
Mixed Performance Among Holdings
Some top holdings, like GE Healthcare Technologies, have underperformed, which could weigh on overall returns.
Relatively High Expense Ratio
The fund’s expense ratio is higher than many ETFs, which could reduce net returns for investors over time.
CSD vs. SPDR S&P 500 ETF (SPY)
AUM80.53M
RegionNorth America
Expense Ratio0.65%
Beta1.17
IssuerInvesco
Inception DateDec 15, 2006
Dividend Yield0.14%
Asset ClassEquity
Index TrackedS&P U.S. Spin-Off Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume1,089
30 Day Avg. Volume1,982
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
113.67Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering27
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
CSD Summary
The Invesco S&P Spin-Off ETF (Ticker: CSD) is an investment fund that focuses on companies recently spun off from larger corporations, tracking the S&P U.S. Spin-Off Index. These spin-offs often aim to grow independently and improve their operations, which can lead to exciting growth opportunities. Some of its top holdings include Constellation Energy Corporation and GE Healthcare Technologies Inc. Investors might consider this ETF for diversification and exposure to companies in their early growth stages. However, it’s important to note that spin-off companies can be volatile and their success depends on how well they adapt post-separation.
How much will it cost me?The Invesco S&P Spin-Off ETF (CSD) has an expense ratio of 0.65%, which means you’ll pay $6.50 per year for every $1,000 invested. This is higher than average because it is an actively managed fund that focuses on a niche strategy involving corporate spin-offs, which requires more research and management compared to passively managed funds. Despite the higher cost, it offers unique exposure to companies undergoing transformative growth phases.
What would affect this ETF?The Invesco S&P Spin-Off ETF could benefit from favorable economic conditions that support corporate restructuring, as spin-offs often lead to increased operational focus and growth potential. However, it may face challenges if interest rates rise, which could increase borrowing costs for newly independent companies, or if economic uncertainty impacts sectors like Industrials and Technology, which make up a significant portion of its holdings. Additionally, regulatory changes affecting spin-offs or specific industries could influence the ETF's performance.
CSD Top 10 Holdings
The Invesco S&P Spin-Off ETF is leaning heavily on industrials and healthcare, with notable contributions from SanDisk, which is rising steadily thanks to strong earnings and growth momentum. Solventum Corporation is also adding a spark with its upward trend and solid fundamentals. However, GE Vernova and Veralto are dragging the fund, with bearish technical signals and valuation concerns holding back performance. Concentrated in U.S.-based spin-offs, this ETF offers a unique play on corporate restructuring, but mixed results from healthcare and energy names suggest a bumpy ride for now.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| SanDisk Corp | 8.66% | $6.64M | $29.35B | ― | 54 Neutral | |
| GE Healthcare Technologies Inc | 7.27% | $5.57M | $34.82B | -7.51% | 74 Outperform | |
| Constellation Energy Corporation | 6.99% | $5.36M | $105.59B | 35.82% | 68 Neutral | |
| Solventum Corporation | 5.47% | $4.19M | $14.38B | 15.76% | 73 Outperform | |
| GE Vernova Inc. | 5.42% | $4.15M | $150.81B | 68.96% | 66 Neutral | |
| Veralto Corporation | 4.90% | $3.76M | $24.58B | -8.76% | 71 Outperform | |
| Ralliant Corporation | 4.67% | $3.58M | $5.19B | ― | ― | |
| Crane Company | 4.66% | $3.57M | $10.30B | -3.20% | 75 Outperform | |
| Everus Construction Group, Inc. | 4.58% | $3.51M | $4.21B | 29.06% | 69 Neutral | |
| Knife River Corporation | 4.50% | $3.45M | $4.00B | -32.11% | 67 Neutral |
CSD Technical Analysis
Positive
―
Price Trends
95.17
Positive
91.43
Positive
84.70
Positive
Market Momentum
0.59
Negative
54.60
Neutral
92.09
Negative
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For CSD, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 96.10, equal to the 50-day MA of 95.17, and equal to the 200-day MA of 84.70, indicating a bullish trend. The MACD of 0.59 indicates Negative momentum. The RSI at 54.60 is Neutral, neither overbought nor oversold. The STOCH value of 92.09 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CSD.
CSD Peer Comparison
Comparison Results
Performance Comparison
CSD
Invesco S&P Spin-Off ETF
97.64
9.40
10.65%
RAFE
PIMCO RAFI ESG U.S. ETF
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BAMD
Brookstone Dividend Stock ETF
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YALL
God Bless America ETF
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TMFE
Motley Fool Capital Efficiency 100 Index ETF
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―
―
LCAP
Principal Capital Appreciation Select ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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