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ETFs

Invesco S&P 500 Downside Hedged ETF

PHDG
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Dec 6, 2012
Expense Ratio
0.39%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$594,391
AUM
$148,104,050
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

IUGXX
Invesco Premier US Government Money Portfolio
56.99%
—
Cash/Receivables/Payables
43%
—
Cash/Receivables/Payables
0.01%
Invest with PHDG
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What is PHDG?

The Invesco S&P 500 Downside Hedged ETF (the Fund) is an actively managed exchange-traded fund (ETF) that seeks to achieve positive total returns in rising or falling markets that are not directly correlated to broad equity or fixed-income market returns. The Fund seeks to achieve its investment objective by using a quantitative, rules-based strategy that seeks to obtain returns that exceed the S&P 500 Dynamic VEQTOR Index (the Index). The Index provides investors with broad equity market exposure with an implied volatility hedge by dynamically allocating between equity, volatility and cash. The index allows investors to receive exposure to the equity and volatility of the S&P 500 Index in a dynamic framework.

1M
3M
6M
YTD
1Y
3Y
Max
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PHDG
Performance Measures**

for the time period Dec 6, 2012 to Jan 16, 2026

Returns

1M Trailing Return: 1.1%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 0.0%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -17.7%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 11.2%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.51

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.29

The annualized return divided by the max drawdown for the selected time period.

ETFs related toPHDG

ETFs correlated to PHDG include GAUG, LGRO, XAUG

PHDG
Invesco Capital Management LLC - Invesco S&P 500 Downside Hedged ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July
GMAR
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - March
TCAF
T. Rowe Price ExchangeTraded Funds Inc - T. Rowe Price Capital Appreciation Equity ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toPHDG

C-DTMS (Longer Backtest Mod) - 24May2019

Category

Multi-asset, sector rotation, trend + mean reversion, volatility filter, leveraged ETFs, bonds, commodities, hedged equity

OOS Cumulative Return

198.26%

$ Trinity + OG Pop Bots 2.1 l BrianE l Oct 28th 2011 | okhi2u less BIL mod

Category

Leveraged ETFs, volatility (VIX), momentum, mean reversion, regime switching, tactical rotation, equities, bonds, commodities, U.S. dollar

OOS Cumulative Return

191.52%

Create your own algorithmic trading strategy with PHDG using Composer

FAQ

PHDG is a US Equities ETF. The Invesco S&P 500 Downside Hedged ETF (the Fund) is an actively managed exchange-traded fund (ETF) that seeks to achieve positive total returns in rising or falling markets that are not directly correlated to broad equity or fixed-income market returns. The Fund seeks to achieve its investment objective by using a quantitative, rules-based strategy that seeks to obtain returns that exceed the S&P 500 Dynamic VEQTOR Index (the Index). The Index provides investors with broad equity market exposure with an implied volatility hedge by dynamically allocating between equity, volatility and cash. The index allows investors to receive exposure to the equity and volatility of the S&P 500 Index in a dynamic framework.

Yes, PHDG is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, PHDG is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PHDG is -0.0379%. This is the percent change in the value of PHDG over the most recent 1-month period. The 3-month return on PHDG is -0.0452%. This is the percent change in the value of PHDG over the most recent 3-month period.

The standard deviation of PHDG for the past year is 0.1156%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to PHDG include PKW, VIXY, and XYLD.

ETFs correlated to PHDG include GAUG, LGRO, and XAUG.

ETFs that are inversely correlated to PHDG include SPDN, SDS, and SPXU.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.