Invesco S&P 500® High Beta ETF (SPHB) belongs to the S&P 500 category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with SPHB. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SPHB
SPHB charges 0.25% annually. There are 34 ETFs in the S&P 500 category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| State Street SPDR Portfolio S&P 500 ETF | 0.02% | 158.31B | Nov 2005 | SPHB vs SPYM | |
| iShares Core S&P 500 ETF | 0.03% | 894.38B | May 2000 | SPHB vs IVV | |
| Vanguard S&P 500 ETF | 0.03% | 1.70T | Sep 2010 | SPHB vs VOO | |
| State Street SPDR Portfolio S&P 500 Growth ETF | 0.04% | 52.75B | Sep 2000 | SPHB vs SPYG | |
| SPDR Portfolio S&P 500 Value ETF | 0.04% | 35.82B | Sep 2000 | SPHB vs SPYV |
Best Risk-Adjusted Alternatives to SPHB
SPHB has a PortfoliosLab risk / return rank of 75. There are 30 ETFs in the S&P 500 category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 19.60M | Apr 2025 | SPHB vs CPSP | |
| PGIM S&P 500 Max Buffer ETF - May | 98 | — | Apr 2025 | SPHB vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | 97 | 56.60M | May 2024 | SPHB vs CPSM | |
| PGIM S&P 500 Max Buffer ETF - February | 96 | — | Jan 2025 | SPHB vs PMFB | |
| Calamos S&P 500 Structured Alt Protection ETF - Se... | 95 | 32.10M | Sep 2024 | SPHB vs CPST |
Top Performing SPHB Alternatives (YTD)
SPHB is at 24.96% YTD. There are 5 ETFs in the S&P 500 category with higher YTD returns, going as high as 62.78%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily S&P 500 High Beta Bull 3X Shares | 62.78% | 94.34M | Nov 2019 | SPHB vs HIBL | |
| Invesco S&P 500 Equal Weight Technology ETF | 35.74% | 5.69B | Jan 2006 | SPHB vs RSPT | |
| Invesco S&P 500 Equal Weight Energy ETF | 31.15% | 540.52M | Nov 2006 | SPHB vs RSPG | |
| Invesco S&P 500 Pure Growth ETF | 26.05% | 2.19B | Mar 2006 | SPHB vs RPG | |
| Invesco S&P 500 Momentum ETF | 26.03% | 22.01B | Oct 2015 | SPHB vs SPMO |
Lowest Volatility Alternatives to SPHB
SPHB has 25.22% 1-year volatility. There are 107 ETFs in the S&P 500 category with lower 1-year volatility, going as low as 1.31%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - May | 1.31% | — | Apr 2025 | SPHB vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.34% | 19.60M | Apr 2025 | SPHB vs CPSP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | 1.66% | 56.60M | May 2024 | SPHB vs CPSM | |
| Calamos S&P 500 Structured Alt Protection ETF - Ju... | 1.89% | 25.70M | Jun 2025 | SPHB vs CPSU | |
| PGIM S&P 500 Max Buffer ETF - June | 1.97% | — | May 2025 | SPHB vs PMJN |
Lowest Drawdown Alternatives to SPHB
SPHB has a 1-year max drawdown of -10.70%. There are 77 ETFs in the S&P 500 category with shallower 1-year drawdowns, going as shallow as -0.37%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 19.60M | Apr 2025 | SPHB vs CPSP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | -0.49% | 56.60M | May 2024 | SPHB vs CPSM | |
| PGIM S&P 500 Max Buffer ETF - May | -0.60% | — | Apr 2025 | SPHB vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ju... | -1.03% | 25.70M | Jun 2025 | SPHB vs CPSU | |
| PGIM S&P 500 Max Buffer ETF - June | -1.15% | — | May 2025 | SPHB vs PMJN |
Other ETFs from Invesco
The 10 most viewed Invesco ETFs shown here include QQQ, QQQM, RSP and span 13 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 | SPHB vs QQQ | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 59 | 16.16% | 100.59B | Oct 2020 | SPHB vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500, Equal Weight | 58 | 12.75% | 96.24B | Apr 2003 | SPHB vs RSP | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 92 | 74.43% | 2.58B | Jun 2021 | SPHB vs SOXQ | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 40 | 3.75% | 10.85B | May 2005 | SPHB vs XLG | |
| Invesco S&P 500 Quality ETF | S&P 500, Large Cap Blend Equities | 65 | 16.39% | 20.11B | Dec 2005 | SPHB 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 | SPHB vs SPHD | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 50 | 14.98% | 7.45B | Mar 2005 | SPHB vs XMMO | |
| Invesco Aerospace & Defense ETF | Aerospace & Defense, Industrials Equities | 35 | 9.54% | 8.22B | Oct 2005 | SPHB vs PPA | |
| Invesco S&P International Developed Momentum ETF | Momentum, Foreign Large Cap Equities | 43 | 7.79% | 3.99B | Feb 2012 | SPHB vs IDMO |
Often Compared With SPHB
Investors most often compare SPHB with SPLV, SCHD, XSVM. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.
Compare SPHB with Any Fund or Stock
Compare SPHB with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SPHB with funds that move differently
Invesco S&P 500® High Beta ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SPHB.
Explore SPHB Diversifiers