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The Invesco S&P 500 Downside Hedged ETF (the Fund) is an actively managed exchange-traded fund (ETF) that seeks to achieve positive total returns in rising or falling markets that are not directly correlated to broad equity or fixed-income market returns. The Fund seeks to achieve its investment objective by using a quantitative, rules-based strategy that seeks to obtain returns that exceed the S&P 500 Dynamic VEQTOR Index (the Index). The Index provides investors with broad equity market exposure with an implied volatility hedge by dynamically allocating between equity, volatility and cash. The index allows investors to receive exposure to the equity and volatility of the S&P 500 Index in a dynamic framework.
Invesco S&P 500 Downside Hedged ETF trades on the ARCA stock market under the symbol PHDG.
As of March 12, 2026, PHDG stock price declined to $38.15 with 1,372 million shares trading.
PHDG has a market cap of $64.86 million. This is considered a Micro Cap stock.
In the last 3 years, PHDG traded as high as $39.40 and as low as $30.81.
PHDG has underperformed the market in the last year with a return of +6.6%, while SPY returned +21.1%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in PHDG shares. However, PHDG has outperformed the market in the last 3 month and 2 week periods, returning +0.3% and 0.0%, while SPY returned -3.1% and -3.9%, respectively. This indicates PHDG has been having a stronger performance recently.
PHDG support price is $38.15 and resistance is $38.76 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PHDG shares will trade within this expected range on the day.
