SPHBInvesco S&P 500 High Beta ETF
SPHB Fund Description
SPHB 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
Invesco S&P 500 High Beta ETF has an MSCI ESG Fund Rating of A based on a score of 5.96 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
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. Invesco S&P 500 High Beta ETF ranks in the 53th percentile within its peer group and in the 76th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
SPHB MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
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