Invesco S&P 500 Downside Hedged ETF (PHDG) belongs to the Equity Hedged category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with PHDG. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PHDG
PHDG charges 0.39% annually. There are 2 ETFs in the Equity Hedged category with lower expense ratios, going as low as 0.25%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Global X S&P 500 Tail Risk ETF | 0.25% | 4.81M | Aug 2021 | PHDG vs XTR | |
| Global X S&P 500 Collar 95-110 ETF | 0.25% | 3.57M | Aug 2021 | PHDG vs XCLR | |
| Simplify Hedged Equity ETF | 0.43% | 296.16M | Nov 2021 | PHDG vs HEQT | |
| Invesco QQQ Hedged Advantage ETF | 0.45% | — | May 2025 | PHDG vs QQHG | |
| T. Rowe Price Hedged Equity ETF | 0.46% | 37.91M | Mar 2025 | PHDG vs THEQ |
Best Risk-Adjusted Alternatives to PHDG
PHDG has a PortfoliosLab risk / return rank of 66. There are 14 ETFs in the Equity Hedged category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Large Cap Max Buffer Jun ETF | 95 | — | Jun 2024 | PHDG vs MAXJ | |
| Kraneshares Hedgeye Hedged Equity Index ETF | 91 | 118.66M | Jul 2024 | PHDG vs KSPY | |
| Innovator U.S. Small Cap Managed Floor ETF | 89 | 91.97M | Sep 2024 | PHDG vs RFLR | |
| State Street Galaxy Hedged Digital Asset Ecosystem... | 85 | 83.37M | Sep 2024 | PHDG vs HECO | |
| 6 Meridian Hedged Equity-Index Option Strategy ETF | 84 | 488.90M | May 2020 | PHDG vs SIXH |
Top Performing PHDG Alternatives (YTD)
PHDG is at 10.21% YTD. There are 5 ETFs in the Equity Hedged category with higher YTD returns, going as high as 61.32%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| State Street Galaxy Hedged Digital Asset Ecosystem... | 61.32% | 83.37M | Sep 2024 | PHDG vs HECO | |
| Innovator U.S. Small Cap Managed Floor ETF | 13.82% | 91.97M | Sep 2024 | PHDG vs RFLR | |
| 6 Meridian Hedged Equity-Index Option Strategy ETF | 11.82% | 488.90M | May 2020 | PHDG vs SIXH | |
| Stratified LargeCap Hedged ETF | 11.17% | 23.16M | Jan 2019 | PHDG vs SHUS | |
| Hull Tactical US ETF | 10.86% | 137.43M | Jun 2015 | PHDG vs HTUS |
Lowest Volatility Alternatives to PHDG
PHDG has 11.50% 1-year volatility. There are 26 ETFs in the Equity Hedged category with lower 1-year volatility, going as low as 2.35%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Large Cap Max Buffer Jun ETF | 2.35% | — | Jun 2024 | PHDG vs MAXJ | |
| TrueShares Equity Hedge ETF | 5.04% | 14.53M | Jan 2026 | PHDG vs ONEH | |
| Equable Shares Hedged Equity ETF | 5.79% | 301.01M | May 2019 | PHDG vs HEDG | |
| MC Trio Equity Buffered ETF | 6.39% | — | Mar 2025 | PHDG vs TRIO | |
| Simplify Hedged Equity ETF | 6.95% | 296.16M | Nov 2021 | PHDG vs HEQT |
Lowest Drawdown Alternatives to PHDG
PHDG has a 1-year max drawdown of -6.78%. There are 12 ETFs in the Equity Hedged category with shallower 1-year drawdowns, going as shallow as -1.70%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Large Cap Max Buffer Jun ETF | -1.70% | — | Jun 2024 | PHDG vs MAXJ | |
| 6 Meridian Hedged Equity-Index Option Strategy ETF | -4.36% | 488.90M | May 2020 | PHDG vs SIXH | |
| Swan Hedged Equity US Large Cap ETF | -4.39% | 584.47M | Dec 2020 | PHDG vs HEGD | |
| Kraneshares Hedgeye Hedged Equity Index ETF | -4.46% | 118.66M | Jul 2024 | PHDG vs KSPY | |
| MC Trio Equity Buffered ETF | -4.47% | — | Mar 2025 | PHDG vs TRIO |
Other ETFs from Invesco
The 10 most viewed Invesco ETFs shown here include QQQ, SPMO, QQQM and span 12 categories. AUM among these funds goes as high as $453B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 49 | 12.26% | 452.80B | Mar 1999 | PHDG vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 46 | 21.07% | 21.05B | Oct 2015 | PHDG vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 49 | 12.29% | 97.11B | Oct 2020 | PHDG vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500, Equal Weight | 73 | 13.16% | 96.96B | Apr 2003 | PHDG vs RSP | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 88 | 59.97% | 2.58B | Jun 2021 | PHDG vs SOXQ | |
| Invesco S&P 500 Quality ETF | Quality Factor, S&P 500, Large Cap Blend Equities | 62 | 13.51% | 19.45B | Dec 2005 | PHDG vs SPHQ | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 35 | 2.89% | 10.56B | May 2005 | PHDG vs XLG | |
| Invesco S&P 500® High Dividend Low Volatility ETF | Dividend, S&P 500, Low Volatility | 53 | 12.28% | 4.04B | Oct 2012 | PHDG vs SPHD | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 39 | 11.79% | 7.18B | Mar 2005 | PHDG vs XMMO | |
| Invesco S&P International Developed Momentum ETF | Momentum, Foreign Large Cap Equities | 55 | 10.66% | 4.08B | Feb 2012 | PHDG vs IDMO |
Often Compared With PHDG
Investors most often compare PHDG with SPY, VOO, CPSM. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.
Compare PHDG with Any Fund or Stock
Compare PHDG with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PHDG with funds that move differently
Invesco S&P 500 Downside Hedged ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PHDG.
Explore PHDG Diversifiers