ETFdb Logo
ETFdb Logo
  • ETF Database
  • Channels
    • Active ETF
    • Beyond Basic Beta
    • China Insights
    • Climate Insights
    • Commodities
    • Core Strategies
    • Crypto
    • Direct Indexing
    • Disruptive Technology
    • Energy Infrastructure
    • ETF Building Blocks
    • ETF Education
    • ETF Strategist
    • Financial Literacy
    • Fixed Income
    • Gold/Silver/Critical Minerals
    • Innovative ETFs
    • Institutional Income Strategies
    • Leveraged & Inverse
    • Managed Futures
    • Market Insights
    • Modern Alpha
    • Multifactor
    • Night Effect
    • Portfolio Strategies
    • Responsible Investing
    • Retirement Income
    • Richard Bernstein Advisors
    • Tax Efficient Income
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
  • Research
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF of the Week Podcast
    • ETF Prime Podcast
    • Video
  • Company
    • About VettaFi
    • Get VettaFi’ed
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. Innovative ETFs Channel
  2. Check SPHB For High Beta Outperformance in November
Innovative ETFs Channel
Share

Check SPHB For High Beta Outperformance in November

Elle CarusoDec 01, 2022
2022-12-01

Investors in high beta strategies were rewarded in November, a month characterized by easing inflation and optimism surrounding a potential slowing pace of U.S. rate hikes.

Positive performance was observed across the board in November. During the month, the S&P 500 posted its second consecutive month of gains, with a total return of 5.6%, while the S&P MidCap 400 and S&P SmallCap 600 were up 6.1% and 4.2%, respectively.

U.S. fixed income index performances were also positive across the board as Treasury yields declined as a result of easing inflation.

Notably, every S&P 500 factor-based equity index rose in November, with the S&P 500 High Beta being the top performer during the month. High beta, tracked by the Invesco S&P 500 High Beta ETF (SPHB B-), increased 9.5% during the month, bringing its quarter-to-date gains to 19.1%. The index is down -12.9% year-to-date.

SPHB invests at least 90% of its total assets in the securities that comprise the index, which is compiled, maintained, and calculated by Standard & Poor’s and consists of the 100 stocks from the S&P 500 Index with the highest sensitivity to market movements, or beta, over the past 12 months. The fund and the index are rebalanced and reconstituted quarterly in February, May, August, and November, according to Invesco.

The fund’s focus on stocks that have a high beta could increase the volatility of this product when compared to more broad-based funds. However, this higher volatility could lead to greater gains when markets are trending upwards — such as November — but it could also lead to bigger losses when markets experience broad sell-offs as well, something observed earlier in the year. If the uptrend seen this quarter to date continues, risk-enhancing factors are likely to continue to be the stronger performers.

SPHB charges a 25 basis point expense ratio.

For more news, information, and analysis, visit the Innovative ETFs Channel.

Loading Articles...
Our Sites
  • VettaFi
  • Advisor Perspectives
  • ETF Trends
Tools
  • ETF Screener
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Database Pro
More Tools
  • Financial Advisor & RIA Center
Explore ETFs
  • ETF News
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Information
  • Contact Us
  • Terms of Use and Privacy Policy
  • © 2023 VettaFi LLC. All rights reserved.

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X