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
3.5 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) | $3,520 |
| 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 % |
| KINDER MORGAN INC | 3.0 % |
| BRISTOL-MYERS SQUIBB CO | 2.9 % |
| AT&T INC | 2.8 % |
| VERIZON COMMUNICATIONS INC | 2.7 % |
| ONEOK INC | 2.6 % |
| CROWN CASTLE INTL CORP | 2.6 % |
| SIMON PROPERTY GROUP INC | 2.5 % |
| VICI PROPERTIES INC | 2.5 % |
| DOMINION RESOURCES INC/VA | 2.4 % |
Constituent Breakdown
| Number of holdings | 49 |
| Herfindahl-Hirschman Index | 211 |
| Wgt avg mkt cap (mns) | $79,991 |
| 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 | 94.4 % |
 |
BRITAIN | 2.1 % |
 |
IRELAND | 1.6 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 21.7% | 36.9% | 13.2% | 9.8% | 8.1% | 8.9% | 10.3% | Volatility | 11.2% | 11.8% | 13.5% | 14.7% | 21.9% | 17.6% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.74 | 61% |
| MSCI EAFE | 0.78 | 71% |
| MSCI Emg Mkts | 0.60 | 41% |
Liquidity Measures
| Avg. volume (000) | 531 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.03% |
| ADV of underlying (mns) | $19,598 |
Technical Indicators
| Recent close | $50.87 |
| 30d moving avg. | $50.20 |
| Annualized volatility | 16.5% |
| Relative strength (RSI) | 57 |
| Short interest (ETF) | 5.6% |
| 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 | +1.0% |
| SPYD | SPDR Portfolio S&P 500 High Dividend ETF | 51.2% | -23 bp | +0.6% |
| CDL | VictoryShares US Large Cap High Dividend Volatility Wtd ETF | 39.4% | +5 bp | -0.6% |
| CDC | VictoryShares US EQ Income Enhanced Volatility Wtd ETF | 39.2% | +8 bp | -0.6% |
| SPDV | AAM S&P 500 High Dividend Value ETF | 39.2% | -1 bp | +1.4% |
| MDLV | Morgan Dempsey Large Cap Value ETF | 38.9% | +28 bp | -0.3% |
| LVHD | Franklin U.S. Low Volatility High Dividend Index ETF | 38.8% | -3 bp | -1.1% |
| FDL | First Trust Morningstar Dividend Leaders Index Fund | 35.4% | +15 bp | +0.7% |
| RDIV | Invesco S&P Ultra Dividend Revenue ETF | 33.2% | +9 bp | +0.4% |
| DVY | iShares Select Dividend ETF | 32.5% | +8 bp | -0.2% |
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 11/21/2024
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
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
8.1%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. 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.
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. | 26.7 | 10.4 | 37.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .