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
3.4 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) | $3,437 |
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 +
VERIZON COMMUNICATIONS INC | 2.9 % |
CROWN CASTLE INTL CORP | 2.8 % |
ALTRIA GROUP INC | 2.8 % |
AT&T INC | 2.7 % |
VICI PROPERTIES INC | 2.6 % |
BRISTOL-MYERS SQUIBB CO | 2.5 % |
DOMINION RESOURCES INC/VA | 2.5 % |
KINDER MORGAN INC | 2.4 % |
PFIZER INC | 2.4 % |
REALTY INCOME CORP | 2.3 % |
Constituent Breakdown
Number of holdings | 51 |
Herfindahl-Hirschman Index | 212 |
Wgt avg mkt cap (mns) | $78,729 |
Large cap (>$10bn) | 96.1% |
Mid cap ($2-10bn) | 3.9% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 95.0 % | |
BRITAIN | 2.2 % | |
IRELAND | 1.6 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 22.5% | 34.9% | 19.1% | 10.8% | 8.2% | 9.5% | 10.5% | Volatility | 12.2% | 12.7% | 15.6% | 14.9% | 21.9% | 17.6% | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.72 | 59% |
MSCI EAFE | 0.80 | 72% |
MSCI Emg Mkts | 0.62 | 41% |
Liquidity Measures
Avg. volume (000) | 1,073 |
Turnover | 1.6% |
Avg. Bid/Ask (% of price) | 0.03% |
ADV of underlying (mns) | $11,341 |
Technical Indicators
Recent close | $50.28 |
30d moving avg. | $49.75 |
Annualized volatility | 16.7% |
Relative strength (RSI) | 54 |
Short interest (ETF) | 4.0% |
Short interest (underlying) | 3.3% |
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 |
---|---|---|---|---|
SDOG | ALPS Sector Dividend Dogs ETF | 53.9% | +6 bp | +0.7% |
SPYD | SPDR Portfolio S&P 500 High Dividend ETF | 51.5% | -23 bp | +0.7% |
SPDV | AAM S&P 500 High Dividend Value ETF | 39.4% | -1 bp | +1.6% |
CDL | VictoryShares US Large Cap High Dividend Volatility Wtd ETF | 39.4% | +5 bp | -0.4% |
LVHD | Franklin U.S. Low Volatility High Dividend Index ETF | 39.2% | -3 bp | -1.2% |
CDC | VictoryShares US EQ Income Enhanced Volatility Wtd ETF | 39.2% | +8 bp | -0.5% |
MDLV | Morgan Dempsey Large Cap Value ETF | 38.9% | +28 bp | -0.4% |
FDL | First Trust Morningstar Dividend Leaders Index Fund | 35.5% | +15 bp | +0.7% |
DVY | iShares Select Dividend ETF | 33.3% | +8 bp | +0.1% |
PEY | Invesco High Yield Equity Dividend Achievers ETF | 32.2% | +22 bp | +1.0% |
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
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
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 10/4/2024
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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
SPHD
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
8.2%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 936 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.4%. SPHD's ALTAR Score™ is approximately
1.1 standard deviations
above
the category average. This places SPHD in the 86th 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
Expense Analysis
Peer Group | Passive US Equity ETFs |
# of ETFs | 192 |
Avg. Expense Ratio | 31.0 bp |
Std. Deviation | 25.7 bp |
SPHD (30 bp) Percentile rank | 48 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
SPHD | 30.0 | 2.5 | 32.5 |
Peer Avg. | 25.6 | 9.3 | 34.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .