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").
Fund Basics
Fund sponsor | Invesco PowerShares |
Category | US Equities |
Asset class | Equity |
Website | link... |
Inception date | Oct 18, 2012 |
Assets (mns) | $2,946 |
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 | 3.1 % |
KINDER MORGAN INC | 2.8 % |
VERIZON COMMUNICATIONS INC | 2.8 % |
AT&T INC | 2.8 % |
3M CO | 2.6 % |
ONEOK INC | 2.6 % |
DOMINION RESOURCES INC/VA | 2.5 % |
WILLIAMS COS INC | 2.4 % |
LYONDELLBASELL INDU-CL A | 2.3 % |
SIMON PROPERTY GROUP INC | 2.3 % |
Constituent Breakdown
Number of holdings | 50 |
Herfindahl-Hirschman Index | 208 |
Wgt avg mkt cap (mns) | $67,132 |
Large cap (>$10bn) | 96.2% |
Mid cap ($2-10bn) | 3.8% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 94.3 % | |
BRITAIN | 4.4 % | |
IRELAND | 1.3 % |
Historical Performance
Standardized Annual Returns (as of 02/29/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
0.6% | 3.8% | 1.7% | 7.1% | 4.8% | 8.4% | 9.1% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.74 | 62% |
MSCI EAFE | 0.81 | 68% |
MSCI Emg Mkts | 0.58 | 37% |
Liquidity Measures
Avg. volume (000) | 594 |
Turnover | 0.9% |
Avg. Bid/Ask (% of price) | 0.03% |
ADV of underlying (mns) | $17,841 |
Technical Indicators
Recent close | $44.40 |
30d moving avg. | $40.22 |
Annualized volatility | 16.9% |
Relative strength (RSI) | 69 |
Short interest (ETF) | 1.9% |
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 | 59.8% | +6 bp | +0.4% |
SPYD | SPDR Portfolio S&P 500 High Dividend ETF | 53.9% | -23 bp | +0.5% |
CDC | VictoryShares US EQ Income Enhanced Volatility Wtd ETF | 41.5% | +8 bp | -0.7% |
CDL | VictoryShares US Large Cap High Dividend Volatility Wtd ETF | 41.5% | +5 bp | -0.7% |
SPDV | AAM S&P 500 High Dividend Value ETF | 39.4% | -1 bp | +1.1% |
DVY | iShares Select Dividend ETF | 37.9% | +8 bp | -0.3% |
LVHD | Franklin U.S. Low Volatility High Dividend Index ETF | 36.3% | -3 bp | -0.6% |
DHS | WisdomTree U.S. High Dividend Fund | 34.6% | +8 bp | -0.3% |
PEY | Invesco High Yield Equity Dividend Achievers ETF | 33.7% | +22 bp | -0.7% |
MDLV | Morgan Dempsey Large Cap Value ETF | 31.4% | +28 bp | -0.3% |
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 3/28/2024
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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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
SPHD
8.7%
Cat. Avg
5.6%
Fund Category: US Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 8.7% |
Recommendation
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.
Category Overview
There are 882 funds in the US Equities category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.7%. SPHD's ALTAR Score™ is approximately
1.2 standard deviations
above
the category average. This places SPHD in the 87th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
SPHD
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
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Today's Trading
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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. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .