PHDG

Invesco S&P 500 Downside Hedged ETF
B

44
*Unless otherwise stated, data provided by FactSet.

PHDG Fund Description

PHDG is an actively managed ETF that allocates its portfolio between S&P 500 equities, VIX Index futures and cash.

PHDG Factset Analytics Insight

While S&P 500 stocks play a starring role in its portfolio, PHDG offers decidedly different exposure to US large-caps. The fund aims to stave off the impact of huge market downturns by a holding a security that often spikes up when the S&P plummets: VIX futures. The challenge is that maintaining VIX futures exposure over time is terribly expensive. Still, if the market tanks, PHDG will likely outperform while lagging when markets behave more normally. The bottom line here: expect a very different pattern of returns for PHDG versus our benchmark despite similar equity holdings. PHDG doesn't see a lot of consistent trading and its spreads are frequently massive. Thanks to its liquid underlying basket, however, institutional investors should find straightforward block execution here. The fund charges a high fee compared with its plain-vanilla peers, but one that looks reasonable given its risk mitigation.

PHDG CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 04/17/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
PHDG 1.08% 6.71% 7.32% 1.85% 5.90% 2.99% --
PHDG (NAV) 0.74% 6.92% 7.19% 2.01% 5.93% 3.05% --
No Underlying Index -- -- -- -- -- -- --
MSCI USA Large Cap Index 2.83% 10.55% 16.23% 9.89% 14.32% 11.75% 15.09%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

PHDG Top 10 Countries

PHDG Top 10 Sectors

PHDG Top 10 Holdings [View All]

PHDG Summary Data

Invesco
12/06/12
Open-Ended Fund
0.39%
$39.45M
$148.31K
0.28%

PHDG Portfolio Data

$218.12B
21.04
3.31
1.57%
06/24/19
490

PHDG Index Data

No Underlying Index
Proprietary
Proprietary
MSCI USA Large Cap Index

PHDG Portfolio Management

0.39%
--
--
--

PHDG Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

PHDG Fund Structure

Open-Ended Fund
No
No
100% / 0%
N/A
N/A
High
Daily
Cboe Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

PHDG Factset Analytics Block Liquidity

As of 04/18/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of PHDG. PHDG is rated a 5 out of 5.

PHDG Tradability

5,347
$148.31K
4,357
$120.65K
0.28%
$0.08
0.02%
1.03% / -1.26%
None
100.00%
50,000
0.09
0.04%
0.00%
0
$28.11
5

PHDG Sector/Industry Breakdown


PHDG
Segment Benchmark
25.75%
26.80%
16.24%
14.92%
14.17%
14.48%
12.80%
12.43%
10.45%
9.11%
7.43%
7.84%
5.49%
5.79%
3.24%
2.59%
2.04%
2.32%
1.75%
1.09%

PHDG Countries


PHDG
Segment Benchmark
100.00%
100.00%

PHDG Regions


PHDG
Segment Benchmark
100.00%
100.00%

PHDG Economic Development


PHDG
Segment Benchmark
100.00%
100.00%

PHDG Performance Statistics

0.64
0.45
0.30
0.44
0.63%
MSCI USA Large Cap Index

PHDG BENCHMARK COMPARISON HOLDINGS

490
295
277
88.22%

PHDG BENCHMARK COMPARISON SUMMARY


PHDG
Segment Benchmark
490
295
$218.12B
$237.14B
21.04
20.76
3.31
3.43
1.95%
1.97%
Low
Low

PHDG BENCHMARK COMPARISON MARKET CAP SIZE


PHDG
Segment Benchmark
95.13%
99.59%
4.87%
0.41%
0.00%
0.00%
0.00%
0.00%