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PHDG vs SPY

Comparison between INVESCO S&P 500 DOWNSIDE HEDGED ETF (PHDG, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed PHDG, delivering a return of +13.3% compared to +5.1%

PHDG vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
PHDG
$65M
Winner
SPY
$735B
Expense Ratio
PHDG
0.39%
Winner
SPY
0.09%
Max Drawdown
Winner
PHDG
23.59%
SPY
56.47%
Sharpe Ratio
Winner
PHDG
1.84
SPY
1.62
5Y Beta
Winner
PHDG
0.30
SPY
1.00
P/E Ratio
Winner
PHDG
28.95
SPY
28.99
Forward P/E
Winner
PHDG
22.35
SPY
22.37
5Y Dividends CAGR
Winner
PHDG
28.74%
SPY
5.43%
5Y EPS CAGR
PHDG
25.98%
Winner
SPY
26.05%
Debt to Equity
PHDG
32.48%
Winner
SPY
32.40%
P/S Ratio
PHDG
3.76
Winner
SPY
3.74
P/B Ratio
Winner
PHDG
5.60
SPY
5.61

PHDG vs SPY - Holdings Comparison

PHDG and SPY have 504 common holdings. Overlap is 58.74%

PHDG's top 25 holdings weight is 68.98%. SPY's top 25 holdings weight is 52.37%.

RankPHDGSPY
#1
E-MINI S&P 500 FUTURE JUNE 26 (n/a) - 19.66%
NVIDIA CORP (NVDA) - 8.10%
#2
INVESCO PREMIER US GOVERNMENT MONEY INST (IUGXX) - 19.23%
APPLE INC (AAPL) - 7.02%
#3
NVIDIA CORP (NVDA) - 4.76%
MICROSOFT CORP (MSFT) - 4.79%
#4
APPLE INC (AAPL) - 4.13%
AMAZON.COM INC (AMZN) - 4.02%
#5
MICROSOFT CORP (MSFT) - 2.82%
ALPHABET INC CLASS A (GOOGL) - 3.51%
#6
AMAZON.COM INC (AMZN) - 2.36%
BROADCOM INC (AVGO) - 3.10%
#7
ALPHABET INC CLASS A (GOOGL) - 2.06%
ALPHABET INC CLASS C (GOOG) - 2.79%
#8
BROADCOM INC (AVGO) - 1.82%
META PLATFORMS INC CLASS A (META) - 2.08%
#9
ALPHABET INC CLASS C (GOOG) - 1.64%
TESLA INC (TSLA) - 1.89%
#10
META PLATFORMS INC CLASS A (META) - 1.22%
MICRON TECHNOLOGY INC (MU) - 1.56%
#11
TESLA INC (TSLA) - 1.11%
BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37%
#12
MICRON TECHNOLOGY INC (MU) - 0.92%
ELI LILLY AND CO (LLY) - 1.31%
#13
BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 0.81%
JPMORGAN CHASE & CO (JPM) - 1.28%
#14
ELI LILLY AND CO (LLY) - 0.77%
ADVANCED MICRO DEVICES INC (AMD) - 1.27%
#15
JPMORGAN CHASE & CO (JPM) - 0.75%
EXXON MOBIL CORP (XOM) - 0.97%
#16
ADVANCED MICRO DEVICES INC (AMD) - 0.75%
INTEL CORP (INTC) - 0.90%
#17
EXXON MOBIL CORP (XOM) - 0.57%
JOHNSON & JOHNSON (JNJ) - 0.86%
#18
INTEL CORP (INTC) - 0.53%
VISA INC CLASS A (V) - 0.85%
#19
JOHNSON & JOHNSON (JNJ) - 0.51%
WALMART INC (WMT) - 0.81%
#20
VISA INC CLASS A (V) - 0.50%
CISCO SYSTEMS INC (CSCO) - 0.72%
#21
WALMART INC (WMT) - 0.47%
COSTCO WHOLESALE CORP (COST) - 0.69%
#22
CISCO SYSTEMS INC (CSCO) - 0.43%
CATERPILLAR INC (CAT) - 0.66%
#23
COSTCO WHOLESALE CORP (COST) - 0.41%
MASTERCARD INC CLASS A (MA) - 0.62%
#24
CATERPILLAR INC (CAT) - 0.38%
LAM RESEARCH CORP (LRCX) - 0.62%
#25
MASTERCARD INC CLASS A (MA) - 0.37%
ABBVIE INC (ABBV) - 0.58%
Total Holdings508505

PHDG vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
Winner
PHDG
+1.95%
SPY
+1.90%
3M
Winner
PHDG
+8.98%
SPY
+8.55%
6M
Winner
PHDG
+9.94%
SPY
+8.18%
1Y
PHDG
+23.81%
Winner
SPY
+25.79%
5Y(CAGR)
PHDG
+5.07%
Winner
SPY
+13.32%
10Y(CAGR)
PHDG
+6.99%
Winner
SPY
+15.19%
Max(CAGR)
PHDG
+5.79%
Winner
SPY
+8.47%

PHDG vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearPHDGSPY
2026+12.04%+8.26%
2025+2.46%+18.00%
2024+11.96%+25.59%
2023+8.79%+26.72%
2022-14.38%-18.64%
2021+16.13%+30.52%
2020+18.15%+17.28%
2019+8.89%+31.09%
2018-3.39%-5.24%
2017+15.36%+20.78%
2016-0.25%+13.59%
2015-9.72%+1.31%
2014+6.86%+14.56%
2013+12.19%+29.00%
2012-0.01%+14.17%
2011N/A+0.85%
2010N/A+13.14%
2009N/A+22.67%
2008N/A-36.25%
2007N/A+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

PHDG vs SPY Drawdown Comparison

The maximum drawdown for PHDG was -17.69%, occurring on Nov 3, 2016. Recovery took 759 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current PHDG drawdown is -3.15%. The current SPY drawdown is -2.90%.

RankPHDGSPY
#1-17.69%
Dec 5, 2014 - Dec 11, 2017		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-17.06%
Dec 27, 2021 - Jun 12, 2024		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-15.87%
Mar 18, 2020 - Aug 24, 2020		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-14.79%
Dec 4, 2024 - Mar 2, 2026		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-12.79%
Feb 6, 2018 - Mar 12, 2020		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-10.06%
Sep 2, 2020 - Apr 15, 2021		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-6.11%
Aug 5, 2024 - Dec 4, 2024		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-5.20%
Aug 2, 2013 - Dec 23, 2013		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-4.42%
Sep 7, 2021 - Nov 2, 2021		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-4.37%
Jul 16, 2024 - Aug 5, 2024		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-3.69%
Apr 2, 2014 - Jun 9, 2014		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-3.44%
Dec 31, 2013 - Feb 28, 2014		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-3.37%
Mar 10, 2026 - Apr 8, 2026		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-3.26%
May 12, 2021 - Jul 2, 2021		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-3.15%
Jun 4, 2026 - Jun 5, 2026		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between PHDG and SPY is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.

0.96
-101

Dividend Comparison (1999 - 2026)

PHDG vs SPY dividend yield comparison.

YearPHDGSPY
20260.36%0.24%
20252.10%1.07%
20241.94%1.21%
20231.93%1.40%
20221.35%1.65%
20210.44%1.20%
20200.63%1.52%
20191.80%1.75%
20181.56%2.04%
20171.83%1.80%
20162.29%2.03%
20151.64%2.06%
20145.46%1.87%
20131.76%1.81%
20120.09%2.18%
20110.00%2.05%
20100.00%1.80%
20090.00%1.95%
20080.00%3.02%
20070.00%1.85%
20060.00%1.73%
20050.00%1.73%
20040.00%1.82%
20030.00%1.47%
20020.00%1.70%
20010.00%1.25%
20000.00%1.15%
19990.00%0.24%

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