SPHD - Invesco S&P 500 High Dividend Low Volatility ETF
The Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) is designed to replicate the performance of the S&P 500 Low Volatility High Dividend Index. This fund allocates a minimum of 90% of its total capital to the common stocks featured within its benchmark index. Standard & Poor's is responsible for the creation, maintenance, and calculation of this index, which consists of 50 companies selected from the S&P 500 that have historically demonstrated both elevated dividend payouts and minimal price volatility.
As of Jun 29, 2026: spot at $51.52, ATM IV 343.0%, max pain $49.00, net GEX $89.5K.
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Market Cap
- $3.23B
- Beta
- 0.51
- 52-Week Range
- 46.58-53.07
- Dividend Yield
- $2.33
- IPO Date
- Oct 26, 2012
- Exchange
- AMEX
What SPHD Looks Like to Options Traders Today
IV rank of 70.6% signals elevated pricing relative to the 1-year history, conditions that typically favor premium-selling structures (credit spreads, iron condors, covered calls); positive net gamma exposure ($89.5K) means dealers hedge against trend, damping realized volatility and biasing price toward heavy-OI strikes; the 25-delta skew (0.133) prices calls richer than puts, often reflecting upside speculation or squeeze risk.
What This Page Covers
The SPHD overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
Frequently asked SPHD overview questions
- What is SPHD?
- SPHD is the ticker symbol for Invesco S&P 500 High Dividend Low Volatility ETF, an listed exchange-traded fund. The Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) is designed to replicate the performance of the S&P 500 Low Volatility High Dividend Index. This fund allocates a minimum of 90% of its total capital to the common stocks featured within its benchmark index. Listed on AMEX. SPHD is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What does the SPHD options snapshot look like today?
- As of Jun 29, 2026, the SPHD options snapshot shows spot at $51.52, ATM IV 343.0%, IV rank 70.6%, max pain $49.00, net GEX $89.5K, expected move 98.33%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
- What are SPHD's key statistics?
- Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) carries a market capitalization of $3.23B, 52-week range of 46.58-53.07. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does SPHD belong to?
- Invesco S&P 500 High Dividend Low Volatility ETF operates in the Financial Services sector, in the Asset Management - Income industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare SPHD's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the SPHD data on this page?
- The options snapshot above is dated Jun 29, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.