Invesco S&P 500 High Beta ETF
SPHB
Market cap $371M

89.26 USD

-0.96

1.06%

Updated Oct 22, 10:46 AM EDT

1 day

-1.06%

5 days

-1.50%

1 month

1.22%

3 months

1.61%

6 months

10.42%

Year to date

10.05%

1 year

35.84%

5 years

114.21%

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

10% more call options, than puts

Call options by funds: $9.19M | Put options by funds: $8.36M

1% less funds holding

Funds holding: 125 [Q1] → 124 (-1) [Q2]

6% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 18

3.78% less ownership

Funds ownership: 65.38% [Q1] → 61.6% (-3.78%) [Q2]

11% less capital invested

Capital invested by funds: $413M [Q1] → $368M (-$45M) [Q2]

31% less repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 49

100% less funds holding in top 10

Funds holding in top 10: 1 [Q1] → 0 (-1) [Q2]

See Fund Rankings

Research analyst outlook

We haven’t received any recent analyst ratings for SPHB.

See Analyst Rankings

Financial journalist opinion

SPHB: Not The Best Time To Own Right Now

SPHB, with a high beta strategy, targets 100 volatile S&P 500 stocks, offering potential short-term outperformance but higher downside risk. The fund's expense ratio is 0.25%, higher than similar ETFs, and it rebalances quarterly. SPHB rebounds faster post-market corrections but lags the S&P 500 in long-term returns due to its high beta stock selection.

SPHB: Not The Best Time To Own Right Now

Zacks Investment Research

Time for Momentum ETFs?

On Monday, U.S. stocks closed at session highs, continuing their rally from last week's strong performance.

Time for Momentum ETFs?

Zacks Investment Research

Momentum ETFs to Play as Wall Street Rallies?

Stocks surged higher on Thursday as retail sales showed gains and Fed cues of interest rate cuts.

Momentum ETFs to Play as Wall Street Rallies?

SPHB: A Solid Choice For Riding The Recovery Wave

SPHB tracks the S&P 500 High Beta Index, providing exposure to high-beta stocks in the S&P 500. High-beta stocks can amplify gains and losses, so exposure to them is suitable for only under certain circumstances. Right now, investing in this fund is too risky, but it can have its use when the market is in recovery, so familiarizing yourself with it is a good idea.

SPHB: A Solid Choice For Riding The Recovery Wave

SPHB: When The Risk-Reward Theory Falls Apart

Invesco S&P 500 High Beta ETF holds about 100 stocks of the S&P 500 index with higher volatility. SPHB has characteristics pointing to a blend of growth and value styles. SPHB high-risk / high-reward strategy has failed to bring excess return in a bull market, and it is unlikely to succeed over a complete market cycle.

SPHB: When The Risk-Reward Theory Falls Apart

Zacks Investment Research

S&P 500 Nears 5,000: Bet on High-Beta ETFs

The S&P 500 is on the verge of reaching the 5,000 milestone mark for the first time ever. High-beta ETFs seem a perfect bet at present to make huge profits amid the bullish backdrop.

S&P 500 Nears 5,000: Bet on High-Beta ETFs

SPHB: High Beta Underperforming The Low Vol Factor, Near-Term Risks

Stocks have rallied since October 27, but one indicator suggests the recovery may be on shaky ground. Invesco S&P 500® High Beta ETF has technical risks and a high allocation to the Information Technology sector. The chart for the SPHB ETF shows possible problems for the bulls, with resistance at previous all-time highs and potential for a pullback.

SPHB: High Beta Underperforming The Low Vol Factor, Near-Term Risks

Zacks Investment Research

Bet on High Beta & Momentum ETFs to Cash In On Santa Rally

High-beta and high-momentum products are expected to outperform during Santa Claus rally and are intriguing choices for a short spell.

Bet on High Beta & Momentum ETFs to Cash In On Santa Rally

SPHB: High Risk, Low Returns, And Questionable Quality

SPHB tracks 100 high-beta S&P 500 stocks. Launched in May 2011, the ETF has a reasonable 0.25% expense ratio, but has failed to gain much interest from an AUM perspective. Despite an upward-trending market over the last ten years, SPHB has lagged behind SPY by 30% while featuring, as expected, much higher volatility. Higher risk did not equal higher rewards. One likely reason is poor quality. I calculated a 8.26/10 profit score for SPHB, well behind SPY's 9.43/10 score, and backed by significant differences in ROTC and ROE margins.

SPHB: High Risk, Low Returns, And Questionable Quality

SPHB: Risk Adjusted Underperformance Set To Continue

The Invesco S&P 500 High Beta ETF seeks to track the S&P 500 High Beta Index, consisting of the 100 stocks with the highest beta. SPHB has underperformed the S&P 500 on both an absolute and risk-adjusted basis, but its exposure to mid-cap and small cap companies has been a key driver. SPHB has underperformed a blend of large cap, mid-cap, and small cap companies on a risk adjusted basis since inception.

SPHB: Risk Adjusted Underperformance Set To Continue

See News Rankings

Charts implemented using Lightweight Charts™