SPHB
Invesco S&P 500 High Beta ETF
The Invesco S&P 500 High Beta Portolio seeks investment results that correspond (before fees and expenses) generally to the price and yield of the S&P 500 High Beta Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
507.8 M
ASSETS UNDER MGMT
25 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | May 05, 2011 |
| Assets (mns) | $508 |
| Expense ratio | 25 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Beta |
| Weighting | Beta |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| MICRON TECHNOLOGY INC | 2.2 % |
| TESLA MOTORS INC | 1.9 % |
| INTEL CORP | 1.9 % |
| COINBASE GLOBAL, INC. CLASS A | 1.8 % |
| WESTERN DIGITAL CORP | 1.7 % |
| LAM RESEARCH CORP | 1.7 % |
| MONOLITHIC POWER SYSTEMS INC | 1.6 % |
| TERADYNE INC | 1.5 % |
| WARNER BROS. DISCOVERY, INC. SERIES A | 1.4 % |
| SEAGATE TECHNOLOGY HOLDINGS PLC | 1.4 % |
Constituent Breakdown
| Number of holdings | 97 |
| Herfindahl-Hirschman Index | 106 |
| Wgt avg mkt cap (mns) | $193,207 |
| Large cap (>$10bn) | 90.2% |
| Mid cap ($2-10bn) | 8.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 97.3% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 94.9 % |
 |
IRELAND | 2.3 % |
 |
NETHERLANDS | 1.2 % |
Historical Performance
Standardized Performance (as of 09/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 23.9% | 23.1% | 25.2% | 24.1% | 21.5% | 14.5% | -- | 11.1% |
| Dividend Yield | 0.2% | 0.2% | 0.7% | 0.8% | 0.9% | 1.4% | -- | 1.3% |
| Total Returns | 24.1% | 23.3% | 25.8% | 24.9% | 22.4% | 15.9% | -- | 12.4% | Ann. Volatility | 32.6% | 30.0% | 26.1% | 26.1% | 28.3% | 28.6% | -- | 27.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.58 | 78% |
| MSCI EAFE | 0.93 | 34% |
| MSCI Emg Mkts | 0.70 | 22% |
Liquidity Measures
| Avg. volume (000) | 358 |
| ADV traded (mns) | $41 |
| Turnover | 8.1% |
| Avg. Bid/Ask (% of price) | 0.01% |
Technical Indicators
| Recent close | $114.40 |
| 30d moving avg. | $110.98 |
| Annualized volatility | 24.0% |
| Relative strength (RSI) | 61 |
| Short interest | 16.8% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| ALTL | Pacer Lunt Large Cap Alternator ETF | 95.7% | +35 bp | +4.2% |
| RSPT | Invesco S&P 500 Equal Weight Technology ETF | 42.2% | +15 bp | +5.4% |
| RPG | Invesco S&P 500 Pure Growth ETF | 35.1% | +10 bp | +3.3% |
| FCTR | First Trust Lunt U.S. Factor Rotation ETF | 31.5% | +40 bp | +2.8% |
| JOET | Virtus Terranova US Quality Momentum ETF | 29.2% | +4 bp | +4.8% |
| AMOM | Qraft AI-Enhanced U.S. Large Cap Momentum ETF | 28.8% | +50 bp | +2.5% |
| QQQE | Direxion NASDAQ-100 Equal Weighted Index Shares | 28.7% | +10 bp | +4.1% |
| XLK | Technology Select Sector SPDR Fund | 27.5% | -17 bp | +4.1% |
| QQEW | First Trust Nasdaq-100 Equal Weighted Index Fund | 27.2% | +33 bp | +4.4% |
| FTC | First Trust Large Cap Growth AlphaDEX Fund | 27.1% | +34 bp | +2.7% |
Risk and Returns: SPHB vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 10/31/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
SPHB
4.7%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 992 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. SPHB's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places SPHB in the 34th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SPHBSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 627 |
| Avg. Expense Ratio | 46.1 bp |
| Std. Deviation | 32.8 bp |
| SPHB (25 bp) Percentile rank | 26 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SPHB | 25.0 | 1.4 | 26.4 |
| Peer Avg. | 46.1 | 15.6 | 61.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .