Invesco S&P 500® High Dividend Low Volatility ETF (SPHD)

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Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) is up 6.8% since the beginning of the year. SPHD is currently trading at $50 per share. Investors who bought $1,000 worth of SPHD shares 5 years ago would now be looking at an investment worth $1,336.

Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) has returned 6.80% so far this year and 11.80% over the past 12 months.

Based on dividend-adjusted daily data since Oct 26, 2012, SPHD's average daily return is +0.04%, while the average monthly return is +0.84%. At this rate, an investment would double in approximately 6.9 years.

Historically, 63% of months were positive and 37% were negative. The best month was Nov 2020 with a return of +13.4%, while the worst month was Mar 2020 at -20.5%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.

On a daily basis, SPHD closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +9.7%, while the worst single day was Mar 16, 2020 at -12.0%.

Invesco S&P 500® High Dividend Low Volatility ETF has an annualized alpha of 6.36%, beta of 0.23, and R2 of 0.06 versus S&P 500 Index. Calculated based on daily prices since October 31, 2012.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (31.94%) than losses (3.99%) - typical of diversified or defensive assets.
• Beta of 0.23 may look defensive, but with R2 of 0.06 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.06 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

SPHD has an expense ratio of 0.30%, placing it in the medium range.

SPHD ranks 31 for risk / return — below 31% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) and compare them to S&P 500 Index.

Invesco S&P 500® High Dividend Low Volatility ETF provided a 4.52% dividend yield over the last twelve months, with an annual payout of $2.27 per share.

The table displays the monthly dividend distributions for Invesco S&P 500® High Dividend Low Volatility ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Invesco S&P 500® High Dividend Low Volatility ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Invesco S&P 500® High Dividend Low Volatility ETF was 41.39%, occurring on Mar 23, 2020. Recovery took 241 trading sessions.

The current Invesco S&P 500® High Dividend Low Volatility ETF drawdown is 3.18%.

The chart below shows the rolling one-month volatility.