SPHQ
Invesco S&P 500® Quality ETF

Price: $46.08
Change: $0.18 (0.0%)
Last Updated:

Vitals

Issuer Invesco
Brand Invesco
Structure ETF
Expense Ratio 0.15%
ETF Home Page Home page
Inception Dec 06, 2005
Index Tracked S&P 500 Quality

Analyst Report

This ETF represents an alternative to popular funds tracking the S&P 500 Index, a broad-based measure of large cap U.S. equity performance. PIV consists of S&P 500 components that are deemed to reflect long-term growth and stability of earnings and dividends, perhaps making the fund more appealing for investors seeking lower volatility and hesitant to simply embrace cap-weighted indexing strategies. The downside to PIV is the expenses; at 0.50%, management fees are considerably higher than other options out there (VOO, which seeks to replicate the S&P 500, comes in at just six basis points, and SPY charges just 0.09%). PIV might be appealing to investors who believe that the methodology employed by the underlying index is capable of consistently generating excess returns, but the “alpha hurdle” calculated as the expense differential may scare away those looking to simply own the market and minimize fees. PIV has historically been a reliable way to destroy value, as the performance since inception has been less than inspiring.

ETF Database Themes

Asset Class Equity
Asset Class Size Large-Cap
Asset Class Style Growth
Region (General) North America
Region (Specific) U.S.

FactSet Classifications

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

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $39.18
  • 52 Week Hi $53.20
  • AUM $3,712.8 M
  • Shares 80.9 M

Historical Trading Data

  • 1 Month Avg. Volume 637,796
  • 3 Month Avg. Volume 819,202

Alternative ETFs in the ETF Database Large Cap Growth Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SFY 0.00% $404.6 M 140,186 -18.56%
Largest (AUM) SPY 0.09% $379.4 B 90 M -14.29%
Most Liquid (Volume) SPY 0.09% $379.4 B 90 M -14.29%
Top YTD Performer CCOR 1.07% $560.9 M 155,306 4.85%

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% $451.7 M 21,439 -16.49%
Largest (AUM) SPY 0.09% $379.4 B 90 M -14.29%
Most Liquid (Volume) SPY 0.09% $379.4 B 90 M -14.29%
Top YTD Performer EQRR 0.35% $76.1 M 11,233 8.98%

Top 15 Holdings

Concentration Analysis

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

Holdings Comparison

SPHQ ETF Database Category Average FactSet Segment Average
Number of Holdings 100 369 146
% of Assets in Top 10 41.01% 37.61% 52.80%
% of Assets in Top 15 53.88% 45.51% 57.42%
% of Assets in Top 50 87.44% 72.62% 75.10%

Size Comparison

SPHQ ETF Database Category Average FactSet Segment Average
Large (>12.9B) 99.02% 81.60% 49.44%
Mid (>2.7B) 0.99% 7.39% 4.48%
Small (>600M) 0.00% 0.78% 0.11%
Micro (<600M) 0.00% 0.10% 0.00%

SPHQ Valuation

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

SPHQ
P/E Ratio
19.82
ETF Database Category Average
P/E Ratio
26.09
FactSet Segment Average
P/E Ratio
19.01

SPHQ Dividend

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

SPHQ ETF Database Category Average FactSet Segment Average
Dividend $ 0.17 $ 0.24 $ 0.15
Dividend Date 2021-09-20 N/A N/A
Annual Dividend Rate $ 0.63 $ 0.79 $ 0.50
Annual Dividend Yield 1.22% 0.95% 0.76%

SPHQ Price and Volume Charts

View charts featuring SPHQ price and volume data.

SPHQ Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: -5.04 M 1 Month Net Flows: 53.3 M 3 Month Net Flows: 98.85 M 6 Month Net Flows: 85.04 M 1 Year Net Flows: 834.93 M 3 Year Net Flows: 1.49 B 5 Year Net Flows: 1.61 B 10 Year Net Flows: 2.38 B

SPHQ Price vs Flows AUM Influence Charts

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