SPHB

Invesco S&P 500 High Beta ETF [SPHB] Stock Forecast

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SPHB Stock Summary

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In the News

06:04 10 Dec 2023 SPHB

SPHB: High Risk, Low Returns, And Questionable Quality

SPHB tracks 100 high-beta S&P 500 stocks. Launched in May 2011, the ETF has a reasonable 0.25% expense ratio, but has failed to gain much interest from an AUM perspective. Despite an upward-trending market over the last ten years, SPHB has lagged behind SPY by 30% while featuring, as expected, much higher volatility. Higher risk did not equal higher rewards. One likely reason is poor quality. I calculated a 8.26/10 profit score for SPHB, well behind SPY's 9.43/10 score, and backed by significant differences in ROTC and ROE margins.

02:03 10 Dec 2023 SPHB

SPHB: Risk Adjusted Underperformance Set To Continue

The Invesco S&P 500 High Beta ETF seeks to track the S&P 500 High Beta Index, consisting of the 100 stocks with the highest beta. SPHB has underperformed the S&P 500 on both an absolute and risk-adjusted basis, but its exposure to mid-cap and small cap companies has been a key driver. SPHB has underperformed a blend of large cap, mid-cap, and small cap companies on a risk adjusted basis since inception.

05:52 10 Dec 2023 SPHB

SPHB: Poor Risk/Return Right Here

Low-beta, steady stocks tend to have better risk-adjusted returns over time compared to high-beta stocks. The Invesco S&P 500 High Beta ETF focuses on high-beta stocks in the S&P 500 Index. Investing in SPHB can be rewarding during bull markets, but it comes with a high level of risk, especially in extended sectors like Technology.

04:05 10 Dec 2023 SPHB

Time To Go Defensive With These ETFs

High-beta stocks have outperformed defensive stocks in the stock market recently, raising questions about the effectiveness of low-volatility and dividend growth investing. ROBECO's research shows that low-volatility investing can significantly improve long-term performance, particularly in market environments with increased retail investor participation. Low-risk ETFs, such as healthcare names and dividend aristocrats, offer exposure to fundamentally strong factors and tend to perform well during periods of stagflation, high inflation, and decent economic growth.

04:07 10 Dec 2023 SPHB

High Beta SPHB Continues Rally, Outpaced S&P 500 in July

High beta sustained its rally and handily outpaced the S&P 500 in July, underscoring the continued risk-on sentiment in the market. U.S. stocks rallied in July, as Wall Street celebrated rosy earnings and upbeat macroeconomic updates, including softening inflation and better-than-expected second-quarter GDP.

05:43 10 Dec 2023 SPHB

Under the Hood of the 2 Top-Performing Factors YTD

The two top-performing factors stood out during the first half for impressive outperformance over the benchmark. The S&P 500 High Beta Index and the S&P 500 Growth Index handily outpaced the parent S&P 500 during the first six months of 2023.

02:42 10 Dec 2023 SPHB

SPHB: Extra Returns When Timed Properly

High beta stocks can provide leverage-like effects on returns, performing well during market upswings and worse during downturns. The Invesco S&P 500 High Beta ETF is a good investment during volatile market rebounds, using the VIX as an indicator. When the VIX is above 20, but below its level from 20 days ago, buy SPHB; hold until the VIX rises above its level from 20 days ago or falls below 20.

09:25 10 Dec 2023 SPHB

SPHB: Time To Sell The S&P 500 High Beta Components

The Invesco S&P 500 High Beta ETF focuses on the highest beta stocks in the S&P 500 Index and has outperformed the S&P 500 this year. High beta stocks tend to outperform in bull markets and market rallies but exhibit larger drawdowns during risk-off events. The rally in the S&P 500 this year has been driven by only a handful of names, suggesting a potential risk-off event later this year, making it a good time for retail investors to sell SPHB and crystalize gains.

08:46 10 Dec 2023 SPHB

High Beta Factor ETF SPHB Rallies 14% in Past Month

High beta has been a top-performing factor year to date, with its strong showing continuing into June. The Invesco S&P 500 High Beta ETF (SPHB), which tracks the S&P 500 High Beta Index, is up 13.6% over one month, while the parent S&P 500 has climbed 5.4%.

03:01 10 Dec 2023 SPHB

High Beta ETF ‘SPHB' Lifted by Heavy Tech Sector Tilt

High beta was a leader among factor indexes in May, lifted by its heavy tilt toward the information technology sector. Uncertainty weighed heavily on U.S. markets in May.

SPHB Financial details

Company Rating
-
Market Cap
488.1M
Income
-
Revenue
-
Book val./share
-
Cash/share
-
Dividend
0.14
Dividend %
0.72%
Employees
-
Optionable
No
Shortable
Yes
Earnings
-
P/E
0
Forward P/E
-
PEG
-
P/S
-
P/B
-
P/C
-
P/FCF
-
Quick Ratio
-
Current Ratio
-
Debt / Equity
-
LT Debt / Equity
-
-
-
EPS (TTM)
-
EPS next Y
-
EPS next Q
-
EPS this Y
-
EPS next Y
-
EPS next 5Y
-
EPS last 5Y
-
Revenue last 5Y
-
Revenue Q/Q
-
EPS Q/Q
-
-
-
-
-
SMA20
11.38%
SMA50
5.84%
SMA100
-5.89%
Inst Own
0%
Inst Trans
0%
ROA
-
ROE
-
ROC
-
Gross Margin
-
Oper. Margin
-
Profit Margin
-
Payout
-
Shs Outstand
6.43M
Shs Float
0
-
-
-
-
Target Price
-
52W Range
60.45-80.78
52W High
-5.08%
52W Low
+26.57%
RSI
72.79
Rel Volume
0.86
Avg Volume
504.04K
Volume
435.14K
Perf Week
3.93%
Perf Month
18.97%
Perf Quarter
1.47%
Perf Half Y
4.72%
-
-
-
-
Beta
1.37
-
-
Volatility
0.82%, 3.68%
Prev Close
0.93%
Price
75.94
Change
1.65%

SPHB Financial Performance

SPHB Frequently Asked Questions

What is Invesco S&P 500 High Beta ETF stock symbol ?

Invesco S&P 500 High Beta ETF is a US stock and trading under the symbol SPHB

What is Invesco S&P 500 High Beta ETF stock quote today ?

Invesco S&P 500 High Beta ETF stock price is $75.94 today.

Is Invesco S&P 500 High Beta ETF stock public?

Yes, Invesco S&P 500 High Beta ETF is a publicly traded company.

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