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 Collar 95-110 ETF | 0.25% | 3.33M | Aug 2021 | PHDG vs XCLR | |
| Global X S&P 500 Tail Risk ETF | 0.25% | 4.87M | Aug 2021 | PHDG vs XTR | |
| Simplify Hedged Equity ETF | 0.43% | 300.35M | 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% | 37.48M | Mar 2025 | PHDG vs THEQ |
Best Risk-Adjusted Alternatives to PHDG
PHDG has a PortfoliosLab risk / return rank of 68. There are 10 ETFs in the Equity Hedged category with higher risk-adjusted ranks, going as high as 94.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Large Cap Max Buffer Jun ETF | 94 | — | Jun 2024 | PHDG vs MAXJ | |
| Kraneshares Hedgeye Hedged Equity Index ETF | 90 | 118.15M | Jul 2024 | PHDG vs KSPY | |
| State Street Galaxy Hedged Digital Asset Ecosystem... | 87 | 84.34M | Sep 2024 | PHDG vs HECO | |
| Innovator U.S. Small Cap Managed Floor ETF | 85 | 89.46M | Sep 2024 | PHDG vs RFLR | |
| MC Trio Equity Buffered ETF | 80 | — | Mar 2025 | PHDG vs TRIO |
Top Performing PHDG Alternatives (YTD)
PHDG is at 10.72% YTD. There are 3 ETFs in the Equity Hedged category with higher YTD returns, going as high as 63.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| State Street Galaxy Hedged Digital Asset Ecosystem... | 63.35% | 84.34M | Sep 2024 | PHDG vs HECO | |
| Innovator U.S. Small Cap Managed Floor ETF | 14.16% | 89.46M | Sep 2024 | PHDG vs RFLR | |
| Horizon NASDAQ-100 Defined Risk ETF | 11.09% | 79.22M | Jul 2025 | PHDG vs QGRD | |
| Invesco QQQ Hedged Advantage ETF | 9.31% | — | May 2025 | PHDG vs QQHG | |
| MRP SynthEquity ETF | 8.55% | 147.91M | Mar 2025 | PHDG vs SNTH |
Lowest Volatility Alternatives to PHDG
PHDG has 11.38% 1-year volatility. There are 19 ETFs in the Equity Hedged category with lower 1-year volatility, going as low as 2.32%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Large Cap Max Buffer Jun ETF | 2.32% | — | Jun 2024 | PHDG vs MAXJ | |
| TrueShares Equity Hedge ETF | 5.19% | 14.52M | Jan 2026 | PHDG vs ONEH | |
| Equable Shares Hedged Equity ETF | 5.77% | 301.01M | May 2019 | PHDG vs HEDG | |
| MC Trio Equity Buffered ETF | 6.22% | — | Mar 2025 | PHDG vs TRIO | |
| Simplify Hedged Equity ETF | 6.71% | 300.35M | Nov 2021 | PHDG vs HEQT |
Lowest Drawdown Alternatives to PHDG
PHDG has a 1-year max drawdown of -6.36%. There are 10 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 | |
| Swan Hedged Equity US Large Cap ETF | -4.39% | 584.47M | Dec 2020 | PHDG vs HEGD | |
| Kraneshares Hedgeye Hedged Equity Index ETF | -4.46% | 118.15M | Jul 2024 | PHDG vs KSPY | |
| MC Trio Equity Buffered ETF | -4.47% | — | Mar 2025 | PHDG vs TRIO | |
| Simplify Hedged Equity ETF | -5.09% | 300.35M | Nov 2021 | PHDG vs HEQT |
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 $481B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 58 | 16.13% | 481.14B | Mar 1999 | PHDG vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 62 | 26.03% | 22.01B | Oct 2015 | PHDG vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 59 | 16.16% | 100.59B | Oct 2020 | PHDG vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500, Equal Weight | 58 | 12.75% | 96.24B | Apr 2003 | PHDG vs RSP | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 92 | 74.43% | 2.58B | Jun 2021 | PHDG vs SOXQ | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 40 | 3.75% | 10.85B | May 2005 | PHDG vs XLG | |
| Invesco S&P 500 Quality ETF | S&P 500, Large Cap Blend Equities | 65 | 16.39% | 20.11B | Dec 2005 | PHDG vs SPHQ | |
| Invesco S&P 500® High Dividend Low Volatility ETF | Dividend, S&P 500, Large Cap Value Equities | 37 | 11.46% | 3.29B | Oct 2012 | PHDG vs SPHD | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 50 | 14.98% | 7.45B | Mar 2005 | PHDG vs XMMO | |
| Invesco Aerospace & Defense ETF | Aerospace & Defense, Industrials Equities | 35 | 9.54% | 8.22B | Oct 2005 | PHDG vs PPA |
Often Compared With PHDG
Investors most often compare PHDG with SPY, VOO, CPSM. These 20 comparison targets span 15 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