SPHBInvesco S&P 500 High Beta ETF
SPHB Fund Description
The Invesco S&P 500 High Beta ETF tracks a beta-weighted index of the 100 highest-beta stocks in the S&P 500.
SPHB Factset Analytics Insight
SPHB is the S&P 500 ETF for extreme market bulls—almost akin to a leveraged fund. SPHB selects the 100 S&P 500 stocks with the highest betas and weights them based on those betas in an attempt to magnify market movements. Roughly 1/3 of its portfolio is currently allocated to high-beta industrial and energy companies, compared with only about 20% of our benchmark, and it shuns consumer non-cyclicals and telecoms altogether. Its beta weighting scheme looks a lot like equal weighting, resulting in a heavy bias toward mid-cap stocks. While SPHB doesn't look much like the broad US large-cap space, it fulfills its high-beta mandate. Nominally, the fund has underperformed the market recently but historical results are mixed. Regardless, the fund has decent assets and comes with relatively low all-in costs given its niche exposure.
SPHB MSCI ESG Analytics Insight
The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of June 21, 2018 the Invesco S&P 500 High Beta ETF MSCI ESG Fund Quality Score is 5.01 out of 10.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. SPHB ranks in the 38th percentile within its peer group and in the 35th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
SPHB CHARTS AND PERFORMANCE
SPHB Top 10 Countries
SPHB Top 10 Sectors
SPHB Top 10 Holdings [View All]
SPHB Summary Data
SPHB Portfolio Data
SPHB Index Data
SPHB Portfolio Management
SPHB Tax Exposures
SPHB Fund Structure
SPHB Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of SPHB. SPHB is rated a 5 out of 5.
SPHB Sector/Industry Breakdown
SPHB TOP 10 HOLDINGS[View All]
SPHB Economic Development
SPHB Performance Statistics
SPHB MSCI ESG Ratings
SPHB BENCHMARK COMPARISON SUMMARY
SPHB BENCHMARK COMPARISON MARKET CAP SIZE
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.