Invesco S&P 500 High Beta ETF (SPHB) Performance
SPHB total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +16.8% since Dec 31, 2025
- 1 year
- +20.6% total return
- 5 years
- +12.6% a year
- 10 years
- +16.8% a year
- Since first price
- +13.1% a year since 2011
SPHB trailing returns vs SPY, QQQ, AGG
| Period | SPHB total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −10.4% | −10.4% | −1.0% | −5.0% | +0.9% |
| 3 months | −5.1% | −5.2% | +3.2% | +1.9% | −0.4% |
| 6 months | +2.8% | +2.6% | +7.8% | +8.4% | −1.5% |
| YTD | +16.8% | +16.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +20.6% | +19.9% | +14.4% | +15.9% | −1.1% |
| 3 years | +111.5%+28.4%/yr | +107.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +81.0%+12.6%/yr | +74.5% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +371.5%+16.8%/yr | +315.9% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +768.2%+15.5%/yr | +628.4% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionMay 5, 2011 | +573.4%+13.1%/yr | +462.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: SPHB vs SPY
From May 5, 2011: SPHB grew to $67,340, SPY to $74,610.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SPHB returns by calendar year
11 of 14 full years positive. Best 2013 (+40.7%), worst 2022 (−20.6%). 2026 is year to date.
SPHB annual returns table
| Year | SPHB | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +16.8% | −14.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +32.9% | −29.2% | +17.7% | +20.8% | +7.2% |
| 2024 | +8.5% | −14.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +33.3% | −21.1% | +26.2% | +54.9% | +5.7% |
| 2022 | −20.6% | −30.1% | −18.2% | −32.6% | −13.0% |
| 2021 | +40.6% | −13.1% | +28.7% | +27.4% | −1.8% |
| 2020 | +25.6% | −46.8% | +18.3% | +48.6% | +7.5% |
| 2019 | +34.0% | −12.5% | +31.2% | +39.0% | +8.5% |
| 2018 | −15.6% | −27.7% | −4.6% | −0.1% | +0.1% |
| 2017 | +17.9% | −6.3% | +21.7% | +32.7% | +3.6% |
| 2016 | +26.2% | −20.2% | +12.0% | +7.1% | +2.4% |
| 2015 | −12.9% | −22.2% | +1.2% | +9.4% | +0.5% |
| 2014 | +12.7% | −11.4% | +13.5% | +19.2% | +6.0% |
| 2013 | +40.7% | −8.4% | +32.3% | +36.6% | −2.0% |
| 2012 | +17.9% | −23.1% | +16.0% | +18.1% | +3.8% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
SPHB largest drawdowns
Now 13.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 17, 2020 | −46.8% | Mar 23, 2020 | Jun 8, 2020 | 2 months | 5 months |
| May 10, 2011 | −38.3% | Oct 3, 2011 | Mar 14, 2013 | 5 months | 1.8 years |
| Apr 23, 2015 | −34.5% | Feb 11, 2016 | Nov 15, 2016 | 10 months | 1.6 years |
| Nov 8, 2021 | −31.5% | Oct 14, 2022 | Dec 14, 2023 | 11 months | 2.1 years |
| Jan 23, 2025 | −29.2% | Apr 8, 2025 | Jun 24, 2025 | 2 months | 5 months |
| Sep 20, 2018 | −27.7% | Dec 24, 2018 | Dec 12, 2019 | 3 months | 1.2 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SPHB risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2011 |
|---|---|---|---|---|
| Annualized return | +30.0% | +16.4% | +17.9% | +13.9% |
| Volatility (annualized) | 22.6% | 25.3% | 26.0% | 24.4% |
| Sharpe ratio | 1.09 | 0.59 | 0.68 | 0.60 |
| Sortino ratio | 2.01 | 0.97 | 1.10 | 0.96 |
| Best month | +16.1% | +16.2% | +25.9% | +25.9% |
| Worst month | −10.1% | −13.9% | −26.8% | −26.8% |
| Best 12 months | +71.9% | +71.9% | +141.7% | +141.7% |
| Worst 12 months | −10.2% | −20.9% | −27.6% | −27.6% |
| Positive months | 69% | 62% | 62% | 60% |
| Beta vs S&P 500 | 1.55 | 1.44 | 1.50 | — |
| Correlation with S&P 500 | 0.86 | 0.89 | 0.88 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
SPHB rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 174 | −27.6% | +15.8% | +141.7% | 75% |
| 3-year (a year) | 150 | −6.2% | +13.0% | +35.2% | 99% |
| 5-year (a year) | 126 | −1.5% | +14.4% | +23.2% | 99% |
| 10-year (a year) | 66 | +9.9% | +13.4% | +19.6% | 100% |
Every holding period starting at a month-end since 2011. Returns for 3 years and longer are annualized.
SPHB performance overview
Invesco S&P 500 High Beta ETF (SPHB) returned +20.6% over the past year and +16.8% a year over ten years, with distributions reinvested. Since its first recorded price in 2011 it has returned +13.1% a year, turning $10,000 into about $67,340. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −46.8%, from Jan 17, 2020 to Mar 23, 2020, and it took 3 months to get back to the old high. SPHB finished 11 of its 14 full calendar years with a gain; the best year was 2013 (+40.7%) and the worst 2022 (−20.6%). Volatility has been 24.4% a year.
Related: SPHB chart, SPHB holdings, SPHB dividends, SPHB valuation. See the SPHB overview for the latest quote and fund facts.
SPHB performance FAQ
What is the SPHB return over the past year?
SPHB returned +20.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 19.9%.
What is the average annual return of SPHB?
SPHB has returned +12.6% a year over 5 years, +16.8% a year over 10 years, +13.1% a year since May 5, 2011 (total return, distributions reinvested).
How much would $10,000 invested in SPHB be worth?
$10,000 invested in SPHB at its first recorded close on May 5, 2011 would be worth about $67,340 on October 23, 2026 with distributions reinvested.
What was the worst year for SPHB?
The worst calendar year was 2022, with a total return of −20.6%. The best was 2013 at +40.7%.
What is the biggest drawdown of SPHB?
The largest peak-to-trough decline was −46.8% between January 17, 2020 and March 23, 2020. It recovered to the old high on June 8, 2020, 3 months after the bottom.
How volatile is SPHB?
Over the past 3 years SPHB had an annualized volatility of 22.6% and a Sharpe ratio of 1.09 (excess return over 1–3 month T-bills per unit of risk).