About Invesco S&P 500 Downside Hedged ETF (PHDG)

The Invesco S&P 500 Downside Hedged ETF (PHDG) is an exchange-traded fund that aims to provide investors with a downside hedged exposure to the S&P 500 Index. The fund seeks to achieve this by using a strategy that combines a long position in the S&P 500 Index with short positions in S&P 500 Index futures contracts. This strategy allows the fund to potentially benefit from the upside of the market while also providing protection against downside risk.

In terms of its price history, the PHDG ETF has generally followed the overall performance of the S&P 500 Index. However, due to its downside hedging strategy, its price movements may not fully mirror that of the index. Investors should keep in mind that this ETF is designed to provide downside protection, so its returns may not be as high as those of the S&P 500 Index during bullish market periods.