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Invesco S&P 500® High Div Low Vol ETF SPHD

Analyst rating as of

Morningstar’s Analysis

Will SPHD outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

This strategy's risk controls could be stronger.



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Invesco S&P 500 High Dividend Low Volatility ETF SPHD places considerably greater emphasis on yield than risk, which limits its effectiveness. While the fund has tended to hold up better than that benchmark during market downturns, its adjustments to mitigate risk limit upside during market rallies and aren’t strong enough to deliver market-beating risk-adjusted performance over the long term. It warrants a downgrade to a Morningstar Analyst Rating of Neutral from Bronze.

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