ZBRA - SPHB: When The Risk-Reward Theory Falls Apart
2024-04-29 11:31:04 ET
Summary
- Invesco S&P 500 High Beta ETF holds about 100 stocks of the S&P 500 index with higher volatility.
- SPHB has characteristics pointing to a blend of growth and value styles.
- SPHB high-risk / high-reward strategy has failed to bring excess return in a bull market, and it is unlikely to succeed over a complete market cycle.
SPHB strategy
Invesco S&P 500 High Beta ETF ( SPHB ) started investing operations on 05/05/2011 and tracks the S&P 500 High Beta Index. It has 99 holdings, an expense ratio of 0.25% and a 30-day SEC yield of 1.19%. Distributions are paid quarterly....
SPHB: When The Risk-Reward Theory Falls Apart