SPHD
Invesco S&P 500 High Dividend Low Volatility ETF
Invesco S&P 500 High Dividend Portfolio is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S&P 500® Low Volatility High Dividend Index (the "Underlying Index").
US
EQUITY
Passive
MANAGEMENT STYLE
3.1 B
ASSETS UNDER MGMT
30 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 18, 2012 |
| Assets (mns) | $3,086 |
| Expense ratio | 30 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Monthly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Dividend |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ALTRIA GROUP INC | 3.2 % |
| PFIZER INC | 3.2 % |
| ALEXANDRIA REAL ESTATE EQUIT | 3.1 % |
| HEALTHPEAK PROPERTIES, INC. | 2.9 % |
| CONAGRA FOODS INC | 2.8 % |
| VERIZON COMMUNICATIONS INC | 2.6 % |
| BOSTON PROPERTIES INC | 2.6 % |
| SIMON PROPERTY GROUP INC | 2.4 % |
| REALTY INCOME CORP | 2.4 % |
| KRAFT HEINZ COMPANY | 2.3 % |
Constituent Breakdown
| Number of holdings | 50 |
| Herfindahl-Hirschman Index | 210 |
| Wgt avg mkt cap (mns) | $79,249 |
| Large cap (>$10bn) | 87.8% |
| Mid cap ($2-10bn) | 12.2% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 98.0 % |
 |
BRITAIN | 1.9 % |
Historical Performance
Standardized Performance (as of 11/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 0.7% | -6.0% | 9.3% | 2.2% | 5.8% | 3.9% | -- | 5.0% |
| Dividend Yield | 3.7% | 3.7% | 4.2% | 4.2% | 4.2% | 4.3% | -- | 4.3% |
| Total Returns | 4.4% | -2.3% | 13.5% | 6.4% | 10.0% | 8.2% | -- | 9.3% | Ann. Volatility | 15.4% | 15.2% | 13.3% | 13.6% | 14.5% | 17.8% | -- | 16.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.48 | 39% |
| MSCI EAFE | 0.60 | 45% |
| MSCI Emg Mkts | 0.42 | 24% |
Liquidity Measures
| Avg. volume (000) | 1,038 |
| ADV traded (mns) | $50 |
| Turnover | 1.6% |
| Avg. Bid/Ask (% of price) | 0.02% |
Technical Indicators
| 30d moving avg. (EMA) | $47.92 |
| Relative strength (RSI) | 54 |
| MACD/Signal | 0.07/-0.07 |
| Bollinger Bands (Upper/Lower) | $48.74/$46.55 |
| Short interest (% of AUM) | 2.3% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. SPHD |
Expenses vs. SPHD |
ALTAR Score™ vs. SPHD |
|---|---|---|---|---|
| SPYD | State Street SPDR Portfolio S&P 500 High Dividend ETF | 55.0% | -23 bp | +10.9% |
| SDOG | ALPS Sector Dividend Dogs ETF | 46.3% | +6 bp | +9.7% |
| FDL | First Trust Morningstar Dividend Leaders Index Fund | 40.6% | +15 bp | +10.7% |
| FDV | Federated Hermes U.S. Strategic Dividend ETF | 35.1% | +20 bp | +7.7% |
| CDL | VictoryShares US Large Cap High Dividend Volatility Wtd ETF | 34.9% | +5 bp | +7.8% |
| CDC | VictoryShares US EQ Income Enhanced Volatility Wtd ETF | 34.8% | +8 bp | +7.8% |
| SPDV | AAM S&P 500 High Dividend Value ETF | 34.3% | -1 bp | +11.9% |
| DVY | iShares Select Dividend ETF | 32.0% | +8 bp | +9.1% |
| DHS | WisdomTree U.S. High Dividend Fund | 31.7% | +8 bp | +8.1% |
| DIVG | Invesco S&P 500 High Dividend Growers ETF | 31.1% | +9 bp | +8.5% |
Risk and Returns: SPHD 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 12/4/2025
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
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
SPHD
10.4%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 1021 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.3%. SPHD's ALTAR Score™ is approximately
2.1 standard deviations
above
the category average. This places SPHD in the 98th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SPHDSELL
U/W
HOLD
O/W
BUY