SPHD — Invesco S&P 500 High Dividend Low Volatility ETF

SPHD Price Performance — Growth of $10,000

Value of a $10,000 investment in SPHD over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

SPHD Drawdown

The "underwater" chart: SPHD's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) operates within the Dividend Income category, which ETFValuer tracks across 20 distinct funds. Issued by Invesco, this fund holds an overall rank of #145 out of 458 tracked ETFs across all categories and carries an ETFValuer grade of B with a score of 66.9 out of 100. The fund manages $3.31 billion in assets while trading at a price of $53.42, reflecting significant investor adoption relative to its category peers. It charges an expense ratio of 0.3% and currently offers a dividend yield of 4.58%. The combination of substantial assets under management and a high yield suggests the fund has established a notable presence among income-focused investors. Its position in the middle of the overall ranking indicates it is neither a top-tier nor a bottom-tier performer across the entire ETF universe. The fund's size and yield profile align with its classification as a dividend income vehicle rather than a growth-oriented strategy.

Over the last day, the fund recorded a decline of 0.24%, followed by a weekly gain of 1.95% and a monthly increase of 3.87%. The three-month return accelerated to 8.87%, while the six-month return reached 9.94%, indicating a steady upward trajectory in the intermediate term. Year-to-date performance stands at 14.03%, and the one-year return has climbed to 16.06%. This momentum extended significantly over the longer term, with the three-year return totaling 45.11%. The data shows a consistent pattern of positive returns across all measured horizons from one week through three years. Short-term fluctuations appear minor compared to the robust gains observed over the one-year and three-year periods.

SPHD carries a volatility label of Low and a beta of 0.47, suggesting the fund experiences less price fluctuation than the broader market. The Sharpe ratio of 0.94 indicates that the fund has generated a favorable amount of return per unit of risk taken over the measured period. Despite the low volatility profile, the fund experienced a maximum drawdown of -13.29% during its history. This combination of a low beta and a Sharpe ratio above 0.90 implies the fund has managed downside risk effectively while delivering positive returns. The maximum drawdown figure provides context for the potential depth of losses during market stress, even within a low-volatility framework. Investors observing these metrics would see a fund designed to limit severe declines while maintaining a positive risk-adjusted return profile.

AI-generated summary based on the data on this page.

SPHD Top Holdings

Holdings as of 2026-02-28 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 30.7% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how SPHD's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With SPHD

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with SPHD's top 10 — DVY overlaps most, holding 3 of the same companies as SPHD's top 10 (9.5% of SPHD's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.61% (as of 2026-07-28) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.21 (as of 2026-07-28) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

SPHD Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 2.66% and average daily volume is 794K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $3.31B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: SPHD is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

SPHD Performance History

How SPHD Compares to Other Dividend Income ETFs