SPHB
Invesco S&P 500 High Beta ETF
📎 Investment Objective
The Invesco S&P 500 High Beta ETF (SPHB) seeks to track the investment results of an index that measures the performance of the 100 constituents of the S&P 500 Index with the highest sensitivity to market movements, or 'beta'.
Overview
ETF tracking Invesco S&P 500 High Beta ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Invesco S&P 500 High Beta ETF (SPHB) seeks to track the investment results of an index that measures the performance of the 100 constituents of the S&P 500 Index with the highest sensitivity to market movements, or 'beta'.
🎯 Investment Strategy
The fund employs a 'full replication' strategy, meaning it seeks to replicate the performance of its underlying index by holding all 100 securities in the same weights as the index. The index is reconstituted and rebalanced quarterly.
✨ Key Features
- Provides exposure to the 100 most volatile stocks within the S&P 500 Index
- Designed to outperform the broader market during periods of strong economic growth and rising equity prices
- Utilizes a full replication strategy to closely track its underlying index
- Relatively low expense ratio of 0.00%
⚠️ Primary Risks
- High volatility risk, as the fund is designed to hold the most volatile stocks in the S&P 500
- Concentration risk, as the fund is heavily weighted towards a small number of securities
- Market risk, as the fund's performance is tied to the overall performance of the U.S. large-cap equity market
- Liquidity risk, as the fund may have difficulty trading some of its underlying securities
👤 Best For
This ETF may be suitable for investors with a higher risk tolerance who are seeking exposure to the most volatile stocks within the large-cap U.S. equity market, with the potential for outsized returns during periods of strong economic growth. However, it is not recommended for conservative or risk-averse investors due to its high volatility.