CSD ETF — Invesco S&P Spin-Off ETF

Invesco S&P Spin-Off ETF (CSD)

Updated October 16, 2026.

CSD is an ETF. its distribution rate is 0.13%, its trailing-12-month yield is 0.13%, its expense ratio is 0.65%. Dividend Vision Distribution Safety Score™ is 72/100 (Generally safe). Total return is 508.3% over the past 19.8 years, 160.4 points behind SPY at 668.7%.

Invesco S&P Spin-Off ETF tracks an index of U.S. companies that have been spun off from parent companies within the past four years, investing at least 90% of assets in index securities. The fund has a modest current distribution rate and distributes annually, with an expense ratio of 0.65%. It appeals to investors seeking equity exposure to newly independent companies, though the non-diversified structure concentrates risk in a narrower segment of the market.

CSD performance versus SPY

Price and return data through 2026-10-16.

Total return is 508.3% over the past 19.8 years, 160.4 points behind SPY at 668.7%. Over the past year its total return — price change plus distributions reinvested — is 32.9%. Its deepest 1-year drawdown was 16.1%.

CSD key facts

Distribution Safety Score™

72 · Generally safe

Safety-Adjusted Yield

0.09%

Issuer

Invesco

Asset type

ETF

Asset class

Equity

Inception date

12/15/2006

Expense ratio

0.65%

Distribution rate

0.13%

Distribution frequency

Annual

Trailing yield

0.13%

Last close

$125.96 (as of 2026-10-16)

AUM

$216,996,024

Average volume

4537.0

Dividend

$0.158

Ex-dividend date

12/22/2025

Payment date

12/26/2025

Beta

1.27

How Dividend Vision calculates yield and returns

Distribution rate (0.13%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.13%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Invesco; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

CSD risks and drawbacks

CSD's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 16.1%.

Who may consider CSD — and who may not

It is a weaker fit for investors who need monthly cash flow (CSD pays annual); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on CSD

• All tickers starting with C

Frequently asked questions

More securities from Invesco.