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Invesco S&P 500 High Dividend Low Volatility (SPHD) Overvalued or undervalued?
Look-through valuation · Dividend · Expense ratio 0.29 % · ISIN US46138E3624
Price history (since 2012)
Monthly close since 2012. Price shows performance, the valuation verdict is in the look-through above.
SPHD holdings and fair value
Show all 49 holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| Truist Financial Corp TFC | 1.8 % | −1.0 % | 67 |
| Hormel Foods Corporation HRL | 1.8 % | −29.1 % | 59 |
| Honeywell International Inc HON | 1.8 % | +12.4 % | 67 |
| BXP, Inc. BXP | 1.8 % | −31.3 % | 53 |
| Equity Residential EQR | 1.8 % | n/a | n/a |
| Franklin Resources Inc BEN | 1.7 % | −57.6 % | 58 |
| Mid-America Apartment Communities Inc MAA | 1.7 % | +3.8 % | 59 |
| Eversource Energy ES | 1.7 % | −35.8 % | 40 |
| Genuine Parts Co GPC | 1.7 % | −4.1 % | 49 |
| Dominion Energy Inc D | 1.7 % | −43.1 % | 44 |
| Kinder Morgan Inc KMI | 1.7 % | −17.2 % | 58 |
| EOG Resources Inc EOG | 1.7 % | +10.0 % | 64 |
| Exxon Mobil Corp XOM | 1.6 % | −51.7 % | 58 |
| Edison International EIX | 1.6 % | +49.2 % | 52 |
| Exelon Corporation EXC | 1.6 % | −22.0 % | 40 |
| FirstEnergy Corporation FE | 1.6 % | −50.0 % | 40 |
| Pinnacle West Capital Corp PNW | 1.5 % | −42.0 % | 35 |
| Duke Energy Corporation DUK | 1.5 % | −40.5 % | 46 |
| Regions Financial Corporation RF | 1.5 % | −19.8 % | 65 |
| KeyCorp KEY | 1.4 % | −16.5 % | 57 |
| Huntington Bancshares Incorporated HBAN | 1.4 % | −39.3 % | 38 |
| Evergy, Inc. EVRG | 1.4 % | −32.6 % | 43 |
| Public Service Enterprise Group Inc PEG | 1.3 % | −54.9 % | 48 |
| Invesco Short-Term Investments Trust Government & Agency Portfolio Institutional AGPXX | 0.2 % | n/a | n/a |
Fair value and quality per position come from the same valuation as our stock pages. Listing all 49 disclosed positions. "n/a" means we show no value for this position and it does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 KWEB KraneShares CSI China Internet ETF 49.2 % below FV
- 2 CHIQ Global X MSCI China Consumer Disc ETF 49.0 % below FV
- 3 CHIU Global X MSCI China Utilities ETF 43.9 % below FV
- 4 MCHI iShares MSCI China ETF 35.7 % below FV
- 5 FLCH Franklin FTSE China ETF 34.8 % below FV
- 6 FDNI First Trust Dow Jones International Internet ETF 27.3 % below FV
- 7 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF 25.9 % below FV
- 8 ITB iShares U.S. Home Construction ETF 21.3 % below FV
- 9 TAN Invesco Solar ETF 17.3 % below FV
- 10 XLC Communication Services Select Sector SPDR® Fund 16.2 % below FV
Frequently asked about SPHD
Is SPHD overvalued?
What is the fair value of SPHD?
How do you calculate the fair value of an ETF?
Which stocks drive the valuation of SPHD?
Where can I see SPHD holdings with their fair value?
What is the expense ratio of SPHD?
How we value this ETF
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives Invesco S&P 500® High Dividend Low Volatility ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Nov 2, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.