PHDG
Invesco S&P 500 Downside Hedged ETF
📎 Investment Objective
The Invesco S&P 500 Downside Hedged ETF (PHDG) seeks to provide investment results that, before fees and expenses, correspond to the performance of the S&P 500 Dynamic Hedged Index.
Overview
ETF tracking Invesco S&P 500 Downside Hedged ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Invesco S&P 500 Downside Hedged ETF (PHDG) seeks to provide investment results that, before fees and expenses, correspond to the performance of the S&P 500 Dynamic Hedged Index.
🎯 Investment Strategy
The fund uses a rules-based strategy to provide downside protection during market declines while still participating in equity market upside. It achieves this by dynamically allocating between S&P 500 stocks and short-term U.S. Treasuries based on market conditions.
✨ Key Features
- Seeks to provide downside protection during market downturns
- Dynamically allocates between stocks and Treasuries based on market volatility
- Tracks the S&P 500 Dynamic Hedged Index
- Low expense ratio of 0.00%
⚠️ Primary Risks
- Market risk - The fund's performance is tied to the S&P 500 and is subject to overall stock market movements
- Hedging risk - The hedging strategy may not always be effective in protecting against losses
- Interest rate risk - The fund's Treasury holdings are subject to interest rate fluctuations
- Tracking error risk - The fund may not perfectly track its underlying index
👤 Best For
This ETF may be suitable for investors seeking equity market exposure with some downside protection, particularly during periods of increased market volatility. It could be used as a core or satellite holding in a diversified portfolio.