Skip to Content
ETFs

Invesco S&P 500 High Beta ETF

SPHB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 05 2011
Expense Ratio
0.25%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$78,281,609
AUM
$607,152,011
Associated Index
S&P 500 High Beta Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

NVDA
NVIDIA Corp
1.99%
AMD
Advanced Micro Devices Inc.
1.78%
MPWR
Monolithic Power System Inc
1.65%
META
Meta Platforms Inc - Ordinary Shares - Class A
1.42%
ON
ON Semiconductor Corp.
1.41%
LRCX
Lam Research Corp.
1.33%
AMAT
Applied Materials Inc.
1.33%
GNRC
Generac Holdings Inc
1.29%
INTU
Intuit Inc
1.27%
CZR
Caesars Entertainment Inc
1.25%
Invest with SPHB

What is SPHB?

The Invesco S&P 500 High Beta ETF (Fund) is based on the S&P 500 High Beta Index (Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. The Index is compiled, maintained and calculated by Standard & Poors and consists of the 100 stocks from the S&P 500 Index with the highest sensitivity to market movements, or beta, over the past 12 months. Beta is a measure of relative risk and is the rate of change of a securitys price. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

ETFs related toSPHB

ETFs correlated to SPHB include HIBL, FXL, QQQJ

SPHB
Invesco Capital Management LLC - Invesco S&P 500 High Beta ETF
HIBL
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bull 3X Shares
FXL
First Trust Exchange-Traded Fund III - First Trust Technology AlphaDEX Fund
QQQJ
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ Next Gen 100 ETF
QGRO
American Century ETF Trust - American Century STOXX U.S.Quality Growth ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF
QQQE
Direxion Shares ETF Trust - Direxion NASDAQ-100 Equal Weighted Index Shares
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth ETF
QQEW
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Equal Weighted Index Fund
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF
RYT
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Technology 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.

Automated Strategies
Related toSPHB

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

#D

Phalanx Formation: Downturn Defense

Category

Getting Defensive

Risk Rating

Moderate

Create your own algorithmic trading strategy with SPHB using Composer

FAQ

SPHB is a US Equities ETF. The Invesco S&P 500 High Beta ETF (Fund) is based on the S&P 500 High Beta Index (Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. The Index is compiled, maintained and calculated by Standard & Poors and consists of the 100 stocks from the S&P 500 Index with the highest sensitivity to market movements, or beta, over the past 12 months. Beta is a measure of relative risk and is the rate of change of a securitys price. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

SPHB tracks the S&P 500 High Beta Index.

No, SPHB is not actively managed. It is passively 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.

Yes, SPHB is passively 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 SPHB is -0.0663%. This is the percent change in the value of SPHB over the most recent 1-month period. The 3-month return on SPHB is 0.05%. This is the percent change in the value of SPHB over the most recent 3-month period.

The standard deviation of SPHB for the past year is 0.3545%. 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 SPHB include SPHQ, QUAL, and SUSA.

ETFs correlated to SPHB include HIBL, FXL, and QQQJ.

ETFs that are inversely correlated to SPHB include HIBS, SRTY, and TZA.

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.