Key stats
About Invesco S&P 500 High Beta ETF
Expense ratio
0.25%
Home page
Inception date
May 5, 2011
SPHB is the S&P 500 ETF for extreme market bulls almost akin to a leveraged fund. In selecting constituents for the underlying index, trailing daily price changes over the past 12 months is used to calculate the S&P 500 constituents betas. Such constituents are then ranked in descending order of their betas wherein the top 100 securities finally form the index. Its weighting methodology is also designed so each constituent is set proportional to its beta all these in an attempt to magnify market movements. While SPHB doesn't look much like the broad US large-cap space, it fulfills its high-beta mandate.
Classification
What's in the fund
Exposure type
Electronic Technology
Technology Services
Producer Manufacturing
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.