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SPHD
Invesco S&P 500® High Dividend Low Volatility ETF

Price: $43.65
Change: $1.04 (-0.02%)
Category: Volatility Hedged Equity
Last Updated:

Vitals

Investment Themes

Analyst Report

As the name implies, the Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) tracks an index that tries to pick those S&P 500 stocks that deliver the highest dividends with the least turbulence.

Not surprisingly, SPHD tends to be heavy on utility stocks and light on fast-growing tech companies. SPHD imposes guardrails that prevent a single sector from dominating the portfolio, with each sector limited to ten stocks and 25% of the portfolio at rebalance. Between rebalances, better-performing sectors can become a bigger slice of the pie. As of March 2020, the fund has 37% of its money in financial stocks.

SPHD is a bit on the pricey side for dividend funds, but reasonable for factor funds. There are other, cheaper low-vol funds out there, such as Invesco’s own SPLV or the iShares Edge MSCI Min Vol USA ETF. And there are plenty of funds that chase dividends, like the ultra-low-cost Vanguard High Dividend Yield ETF (VYM). But SPHD the only ETF targeting that specific combination of factors.

As with most ETFs that invest in the S&P 500 universe, there’s plenty of liquidity in the underlying stocks, so institutional investors should find it easy to execute large block trades.

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $30.26
  • 52 Week Hi $46.38
  • AUM $3,199.3 M
  • Shares 70.5 M

Historical Trading Data

  • 1 Month Avg. Volume 746,852
  • 3 Month Avg. Volume 866,383

Alternative ETFs in the Volatility Hedged Equity Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest LGLV 0.12% $576.0 M 18,075 9.17%
Largest (AUM) SPLV 0.25% $8.1 B 3 M 7.37%
Most Liquid (Volume) SPLV 0.25% $8.1 B 3 M 7.37%
Top YTD Performer DIV 0.45% $708.0 M 208,291 20.33%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.

52
Number of Holdings
29.61%
% Assets in Top 10
41.03%
% Assets in Top 15
99.60%
% Assets in Top 50
 
View Detailed Analysis
 
Number of Holdings
52
Rank
22 of 76
Low
NOCT (1)
High
ONEV (452)
% Assets in Top 10
29.61%
Rank
19 of 76
Low
JMIN (6.90%)
High
LVHI (120.46%)
% Assets in Top 15
41.03%
Rank
58 of 76
Low
SMLV (9.98%)
High
LVHI (132.52%)
% Assets in Top 50
99.60%
Rank
56 of 76
Low
SMLV (24.61%)
High
LVHI (184.52%)

 
View Summary Analysis
 

SPHD Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb.com Category.

P/E Ratio
15.53
Rank
4 of 80
Low
LVHI (13.88)
High
QLV (35.28)

SPHD Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.

Dividend
$0.11
Dividend Date
2021-05-24
Annual Dividend Rate
$1.73

$0.11
Dividend
2021-05-24
Dividend Date
$1.73
Annual Dividend Rate
Annual Dividend Yield
3.87%
Rank
3 of 28
Low
BUFF (0.19%)
High
DIV (5.77%)

SPHD Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: -6.03 M 1 Month Net Flows: 40.67 M 3 Month Net Flows: 141.18 M 6 Month Net Flows: 143.03 M 1 Year Net Flows: -129.55 M 3 Year Net Flows: 445.68 M 5 Year Net Flows: 960.18 M 10 Year Net Flows: 2.7 B

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for SPHD on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Volatility Hedged Equity with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

Sign Up for Pro to Unlock Data Sign Up
Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B+ n/a
Expenses B+ n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

SPHD Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.

Expenses Ratio Analysis

ETF Average
0.541%
ETF Wtd. Average
0.19%
Category Average
0.65%
Expense Ratio
0.30%
Rank
16 of 81
Low
JMIN (0.12%)
High
BUFF (0.99%)
ESG Themes and Scores
7.0/10
ESG Score
76.85%
Global Percentile
78.31%
Peer Percentile
Environmental
Social
Governance
  • Environmental Scores
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      6.51%
      Higher is better, no ESG score impact
    Carbon Intensity
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      665.11
      Higher is worse, no ESG score impact
    Fossil Fuel Reserves
    • Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • High Impact Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    Water Stress
    • Water Stress High Risk Business Segment (%)
      Lower improves ESG score
    • Water Stress High Risk Geography (%)
      Lower improves ESG score
    • Water Stress Exposure Moderate (%)
      Lower improves ESG score
    • Water Stress Exposure High (%)
      Lower improves ESG score
    • Water Stress Exposure Low (%)
      Higher improves ESG score
    Energy Efficiency
    • Revenue Exposure to Energy Efficiency (%)
      Higher is better, no ESG score impact
    Alternative Energy
    • Revenue Exposure to Alternative Energy (%)
      Higher is better, no ESG score impact
    Green Building
    • Revenue Exposure to Green Building (%)
      Higher is better, no ESG score impact
    Pollution Prevention
    • Revenue Exposure to Pollution Prevention (%)
      Higher is better, no ESG score impact
    Water Sustainability
    • Revenue Exposure to Water Sustainability (%)
      Higher is better, no ESG score impact
  • Social Scores
    • Revenue Exposure to Social Impact (%)
      Higher is better, no ESG score impact
    • Sustainable Impact Solutions (%)
      6.51%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      17.66%
      Higher is worse, no ESG score impact
    Affordable Real Estate
    • Revenue Exposure to Affordable Real Estate (%)
      Higher is better, no ESG score impact
    Education
    • Revenue Exposure to Education (%)
      Higher is better, no ESG score impact
    Major Disease Treatment
    • Revenue Exposure to Major Disease Treatment (%)
      Higher is better, no ESG score impact
    Healthy Nutrition
    • Revenue Exposure to Nutrition (%)
      Higher is better, no ESG score impact
    Global Sanitation
    • Revenue Exposure to Sanitation (%)
      Higher is better, no ESG score impact
    SME Finance
    • Revenue Exposure to SME Finance (%)
      Higher is better, no ESG score impact
    Human Rights Violations
    • Human Rights Norms Violation (%)
      Higher is worse, no ESG score impact
    • Human Rights Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Human Rights Controversies (%)
      Lower improves ESG score
    Labor Rights Violations
    • Labor Norms Violation (%)
      Higher is worse, no ESG score impact
    • Labor Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Labor Controversies (%)
      Lower improves ESG score
    Customer Controversies
    • Severe Customer Controversies (%)
      Lower improves ESG score
    UN Principles Violations
    • Global Compact Compliance Violation (%)
      Higher is worse, no ESG score impact
    • Global Compact Compliance Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    Catholic Values
    • Catholic Values Fail (%)
      Higher is worse, no ESG score impact
    Sharia Compliant Investing
    • Islamic Non-Compliant (%)
      Higher is worse, no ESG score impact
    Adult Entertainment
    • Adult Entertainment Involvement (%)
      Higher is worse, no ESG score impact
    Alcohol
    • Alcohol Involvement (%)
      Higher is worse, no ESG score impact
    Gambling
    • Gambling Involvement (%)
      Higher is worse, no ESG score impact
    Nuclear Power
    • Nuclear Power Involvement (%)
      Higher is worse, no ESG score impact
    Tobacco
    • Tobacco Involvement (%)
      Higher is worse, no ESG score impact
    Weapons Involvement
    • Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Controversies Weapons Involvement (%)
      Higher is worse, no ESG score impact
    Firearms
    • Civilian Firearms Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Retailer (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Producer (%)
      Higher is worse, no ESG score impact
    Predatory Lending
    • Direct Predatory Lending Involvement (%)
      Higher is worse, no ESG score impact
    GMO Involvement
    • Genetic Engineering Involvement (%)
      Higher is worse, no ESG score impact
  • Responsible Governance Score
    • Severe Governance Controversies (%)
      Lower improves ESG score
    Board Flag
    • Board Flag (%)
      Lower improves ESG score
    Board Independence
    • Lack of Independent Board Majority (%)
      Lower improves ESG score
    • Board Independence (0-25%) (%)
      Lower improves ESG score
    • Board Independence (25-50%) (%)
      Lower improves ESG score
    • Board Independence (50-75%) (%)
      Higher improves ESG score
    • Board Independence (75-100%) (%)
      Higher improves ESG score
    Board Diversity
    • No Female Directors (%)
      Lower improves ESG score
    • Three OR More Female Directors (%)
      Higher improves ESG score
    • Females Represent 30% of Directors (%)
      Higher improves ESG score
    Entrenched Board
    • Entrenched Board (%)
      Lower improves ESG score
    Overboarding
    • Overboarding (%)
      Lower improves ESG score
    Shareholder Rights
    • Negative Director Votes (%)
      Lower improves ESG score
    • Ownership AND Control Flag (%)
      Lower improves ESG score
    • One Share One Vote (%)
      Lower improves ESG score
    • No Annual Director Elections (%)
      Lower improves ESG score
    • Does Not Use Majority Voting (%)
      Lower improves ESG score
    • Significant Votes Against Pay Practices (%)
      Lower improves ESG score
    Fund Ownership
    • Controlling Shareholder (%)
      Lower improves ESG score
    • Controlling Shareholder Concerns (%)
      Lower improves ESG score
    • Cross Shareholdings (%)
      Lower improves ESG score
    Poison Pill
    • Poison Pill (%)
      Lower improves ESG score
    Executive Compensation
    • Pay Flag (%)
      Lower improves ESG score
    • No Pay Performance Link (%)
      Lower improves ESG score
    • Lack of Internal Pay Equity (%)
      Lower improves ESG score
    • Executive Pay Non-Disclosure (%)
      Lower improves ESG score
    Accounting Flags
    • Accounting Flag (%)
      Lower improves ESG score

SPHD Performance

This section shows how this ETF has performed relative to its peer group ETFdb.com Category.

-5.34%
1 Week Return
-3.79%
4 Week Return
3.75%
13 Week Return
17.68%
26 Week Return
18.04%
Year to Date Return
33.21%
1 Year Return
22.69%
3 Year Return
42.96%
5 Year Return
 
View Detailed Analysis
 
1 Week Return
-5.34%
Rank
80 of 81
Low
XSHD (-5.60%)
High
BJUL (0.26%)
4 Week Return
-3.79%
Rank
81 of 81
Low
SPHD (-3.79%)
High
NJAN (2.34%)
13 Week Return
3.75%
Rank
30 of 81
Low
SMLV (-2.59%)
High
DVOL (8.12%)
26 Week Return
17.68%
Rank
3 of 76
Low
KAPR (1.47%)
High
DIV (19.00%)
Year to Date Return
18.04%
Rank
2 of 76
Low
KAPR (1.28%)
High
DIV (20.33%)
1 Year Return
33.21%
Rank
6 of 68
Low
UAPR (5.69%)
High
SMLV (47.70%)
3 Year Return
22.69%
Rank
12 of 21
Low
DIV (-0.12%)
High
FLLV (53.98%)
5 Year Return
42.96%
Rank
9 of 12
Low
DIV (12.61%)
High
LGLV (85.40%)

 
View Summary Analysis
 

SPHD Price and Volume Chart

Sector Breakdown

Asset Percentage
Share/Common/Ordinary 99.6%
Other 0.39%
CASH 0.0%
Sector Percentage
Utilities 18.25%
Consumer Non-Durables 15.2%
Finance 14.29%
Communications 7.44%
Process Industries 6.88%
Energy Minerals 6.1%
Electronic Technology 5.44%
Technology Services 5.37%
Health Technology 5.23%
Commercial Services 4.23%
Producer Manufacturing 3.23%
Industrial Services 3.09%
Distribution Services 2.88%
Retail Trade 1.97%
Other 0.39%
CASH 0.0%
Market Cap Percentage
Large 80.96%
Mid 19.04%
Small 0.0%
Micro 0.0%
Region Percentage
North, Central and South America 99.6%
Other 0.39%
Region Percentage
Country Percentage
United States 95.66%
Ireland 2.38%
United Kingdom 1.56%
Other 0.39%
 
View Less Charts
 
Asset Percentage
Share/Common/Ordinary 99.6%
Other 0.39%
CASH 0.0%
 
View More Charts
 

SPHD Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.

 
View Detailed Analysis
 
5 Day Volatility
17.58%
Rank
39 of 81
Low
PAUG (0.85%)
High
XRLV (240.85%)
20 Day Volatility
12.35%
Rank
3 of 81
Low
AZBL (0.69%)
High
XSHD (17.40%)
50 Day Volatility
13.18%
Rank
5 of 81
Low
AZBL (0.98%)
High
XSHD (17.31%)
200 Day Volatility
13.89%
Rank
6 of 81
Low
KJUL (2.07%)
High
XSHD (19.80%)
Beta
0.96
Rank
6 of 81
Low
KJUL (0.08)
High
XSHD (1.16)
Standard Deviation
4.84%
Rank
6 of 68
Low
UAPR (0.39%)
High
SMLV (16.09%)

 
View Summary Analysis
 

Technicals

  • 20 Day MA $45.46
  • 60 Day MA $44.46
  • MACD 15 Period -1.91
  • MACD 100 Period 0.96
  • Williams % Range 10 Day 100.00
  • Williams % Range 20 Day 100.00
  • RSI 10 Day 23
  • RSI 20 Day 39
  • RSI 30 Day 46
  • Ultimate Oscillator 30

Bollinger Brands

  • Lower Bollinger (10 Day) $44.29
  • Upper Bollinger (10 Day) $46.94
  • Lower Bollinger (20 Day) $44.44
  • Upper Bollinger (20 Day) $46.54
  • Lower Bollinger (30 Day) $44.46
  • Upper Bollinger (30 Day) $46.43

Support & Resistance

  • Support Level 1 $43.40
  • Support Level 2 $43.15
  • Resistance Level 1 $44.15
  • Resistance Level 2 $44.65

Stochastic

  • Stochastic Oscillator %D (1 Day) 20.89
  • Stochastic Oscillator %D (5 Day) 19.00
  • Stochastic Oscillator %K (1 Day) 35.72
  • Stochastic Oscillator %K (5 Day) 37.09

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Download the fact sheet PDF

Disclosures

Copyright © 2021 FactSet Research Systems Inc. All rights reserved.

Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use, please see disclaimer.
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