PHDG
Invesco S&P 500® Downside Hedged ETF

Price: $37.31
Change: $0.07 (0.0%)
Category: Hedge Fund
Last Updated:

Vitals

Issuer Invesco
Brand Invesco
Structure ETF
Expense Ratio 0.39%
ETF Home Page Home page
Inception Dec 06, 2012
Index Tracked ACTIVE - No Index

Analyst Report

The Invesco S&P 500 Downside Hedged ETF is an actively-managed fund that invests in a combination of S&P 500 stocks, cash and contracts pegged to the CBOE Volatility Index, also known as the VIX. The aim is to maintain exposure to rising equities while using VIX-linked derivatives to hedge against a sudden stock market downturn. The VIX, a gauge of market turbulence, typically rises when stocks fall, making it appealing as a kind of insurance against a crash. However, maintaining VIX hedges can get pricey, especially during stable markets. This means PHDG could lag during steadily rising markets and outperform when the market tumbles. The fund is reasonably priced for an active strategy. Is it worth it? Investors should compare PHDG’s performance against ultra-low-cost S&P 500 index funds, both over the long haul and during downdrafts.

ETF Database Themes

Category Hedge Fund
Asset Class Equity
Asset Class Size Multi-Cap
Asset Class Style Blend
Sector (General) Financials
Sector (Specific) Broad
Region (General) Developed Markets
Region (Specific) Broad

FactSet Classifications

Segment Equity: U.S. - Large Cap
Category Size and Style
Focus Large Cap
Niche Broad-based
Strategy Volatility Hedged
Weighting Scheme Fixed

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $30.49
  • 52 Week Hi $37.34
  • AUM $124.6 M
  • Shares 3.4 M

Historical Trading Data

  • 1 Month Avg. Volume 14,752
  • 3 Month Avg. Volume 11,362

Alternative ETFs in the ETF Database Hedge Fund Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest PUTW 0.44% $98.5 M 22,618 11.04%
Largest (AUM) RYLD 0.60% $1.4 B 601,123 1.74%
Most Liquid (Volume) RYLD 0.60% $1.4 B 601,123 1.74%
Top YTD Performer USE 0.79% $3.8 M 192 19.98%

Alternative ETFs in the FactSet Equity: U.S. - Large Cap Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest BKLC 0.00% $2.4 B 80,772 14.40%
Largest (AUM) SPY 0.09% $535.9 B 62 M 14.48%
Most Liquid (Volume) SPY 0.09% $535.9 B 62 M 14.48%
Top YTD Performer SPMO 0.13% $1.7 B 335,900 32.98%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

PHDG ETF Database Category Average FactSet Segment Average
Number of Holdings 505 85 118
% of Assets in Top 10 48.22% 80.53% 64.89%
% of Assets in Top 15 53.31% 86.10% 68.76%
% of Assets in Top 50 68.25% 99.01% 82.62%

Size Comparison

PHDG ETF Database Category Average FactSet Segment Average
Large (>12.9B) 76.16% 4.95% 42.60%
Mid (>2.7B) 1.01% 1.38% 2.84%
Small (>600M) 0.00% 0.82% 0.08%
Micro (<600M) 0.00% 0.13% 0.22%

PHDG Valuation

This section compares the P/E ratio of this ETF to its peers.

PHDG
P/E Ratio
0.05
ETF Database Category Average
P/E Ratio
0.52
FactSet Segment Average
P/E Ratio
4.68

PHDG Dividend

This section compares the dividend yield of this ETF to its peers.

PHDG ETF Database Category Average FactSet Segment Average
Dividend $ 0.15 $ 0.30 $ 0.18
Dividend Date 2024-03-18 N/A N/A
Annual Dividend Rate $ 0.63 $ 1.14 $ 0.63
Annual Dividend Yield 1.70% 4.46% 1.46%

PHDG Price and Volume Charts

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PHDG Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 5.44 M 3 Month Net Flows: 3.63 M 6 Month Net Flows: -24.22 M 1 Year Net Flows: -59.46 M 3 Year Net Flows: -40.15 M 5 Year Net Flows: 73.83 M 10 Year Net Flows: -94.19 M

PHDG Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.