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Monday, August 24, 2026The Morning Brief →Sign in

Invesco S&P 500 High Dividend Low Volatility ETF

$53.23-0.17% today
475452-WK

The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, S&P Dow Jones Indices LLC (the “index Provider”) compiles, maintains and calculates the underlying index, which is designed to measure the performance of 50 least volatile high yielding constituents of the S&P 500 ® Index in the past year.

Price & daily flows
52.150.348.453.23DAILY NET FLOWAug 21Dec 18Apr 21Aug 21

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 3Y SHOWN · NET −$495M OVER THIS RANGE

The desk’s read

Money keeps arriving — +$46M of net buying over the past month, about 1.3% of the fund's asset base, while the price has returned +10.4% so far this year. At 0.30% a year it is not the cheapest way in — FLOW runs the same ground at 0.25%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$3.5Bassets under management
0.30%expense ratio · $30 per $10,000 a year
+$46Mnet flow, trailing month
790Kavg daily volume, 30 days
51holdings · US-domiciled
2012listed October 17, 2012 · beta 0.10
The book at a glance
PFE+1.0%VZ+0.5%GIS+0.9%VICI-0.2%KHC+0.0%CMCSA+1.6%T+0.6%CLX+0.6%DOC+0.9%CCI+0.2%MO-1.3%PRU+0.5%TAP+0.8%PAYX+1.3%O-0.9%OKE-1.3%BMY+2.4%KMB+0.6%AMT+0.0%EXR-0.3%PEP+1.0%CVX-0.2%HRL-0.8%MAA-0.6%TROW-0.6%BXP-0.2%BEN+1.0%MDT+1.1%EIX-4.1%SJM+1.0%TFC+0.4%ES-2.7%VMRK+2.5%GPC+0.8%HON-1.1%D-1.3%COP-0.0%HAS-0.0%FE-2.6%KMI-2.0%

CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS TODAY’S MOVE · TOP 40 POSITIONS

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1PFEPFIZER3.33%$28.07+1.0%
2VZVERIZON COMMUNICATIONS3.22%$49.45+0.5%
3GISGENERAL MILLS3.15%$39.97+0.9%
4VICIVICI PROPERTIES2.93%$26.51-0.2%
5KHCKRAFT HEINZ2.89%$25.58+0.0%
6CMCSACOMCAST2.65%$26.85+1.6%
7TAT&T2.57%$25.29+0.6%
8CLXCLOROX2.56%$106.69+0.6%
9DOCPHYSICIANS REALTY TRUST2.40%$21.40+0.9%
10CCICROWN CASTLE2.40%$75.51+0.2%
11MOALTRIA 2.40%$66.09-1.3%
12PRUPRUDENTIAL FINANCIAL2.27%$121.15+0.5%
13TAPMOLSON COORS BEVERAGE2.22%$42.94+0.8%
14PAYXPAYCHEX2.21%$124.47+1.3%
15OREALTY INCOME2.23%$62.60-0.9%

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Sector weights
Consumer Discretionary22.64%
Utilities19.96%
Consumer Defensive18.69%
Finance16.44%
Consumer Non-Durables15.37%
Real Estate13.78%
Healthcare13.25%
Health Technology10.7%
Energy9.22%
Process Industries8.81%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
United States97.73%
United Kingdom2.27%
Switzerland2.25%
Ireland1.31%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week+1.0%
1 month+0.9%
3 months+5.5%
6 months+2.0%
YTD+10.4%
1 year+7.1%
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week−$3M
1 month+$46M
3 months−$17M
YTD+$23M
1 year+$38M

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
JunJulAugSepOctFebMarAprMayJunJulAug
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
12%realized volatility, 30 days (annualized)
12%realized volatility, 1 year
-7.5%deepest fall from a peak, 1 year
-0.6%where it sits vs. that peak today

The top holding is 3.3% of the book; the top ten carry 28%. Spread across 52+ names, it behaves like roughly 47 equally-weighted positions.

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

Options tape
24calls today
4puts today
0.17put/call ratio
433Kshares traded
Most-traded holdings, options premiumBullishBearish
CVX CHEVRON$8M$8M
COP CONOCOPHILLIPS$7M$8M
XOM EXXON MOBIL$7M$7M
PFE PFIZER$4M$5M
BMY BRISTOL MYERS SQUIBB$3M$3M

TODAY’S OPTIONS PREMIUM IN THE FUND’S UNDERLYING NAMES

The case against SPHD

Due diligence cuts both ways. These funds sit on the same shelf and beat SPHD on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
ITOT iShares Core S&P Total U.S. Stock Market ETF0.03%$97.9B+$245M-27bp on fee · 28× the assets · +$245M in over the monthHead-to-head
IJH iShares Core S&P Mid-Cap ETF0.05%$128.4B+$547M-25bp on fee · 37× the assets · +$547M in over the monthHead-to-head
IUSG iShares Core S&P U.S. Growth ETF0.04%$33.8B+$668M-26bp on fee · 10× the assets · +$668M in over the monthHead-to-head
IUSV iShares Core S&P U.S. Value ETF0.04%$28.1B+$103M-26bp on fee · 8× the assets · +$103M in over the monthHead-to-head
IVV iShares Core S&P 500 ETF0.03%$900.9B−$14.2B-27bp on fee · 261× the assetsHead-to-head
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InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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