PHDG vs SBIO
Invesco S&P 500 Downside Hedged ETF vs ALPS Medical Breakthroughs ETF
Quick Verdict
PHDG has a lower expense ratio. SBIO delivered stronger 1-year returns. PHDG offers more diversification with 494 holdings.
Side-by-Side Comparison
| Metric | PHDG | SBIO | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.50% | |
| AUM | $61M | $202M | |
| Dividend Yield | 1.68% | 4.05% | |
| Holdings | 514 | 87 | |
| YTD Return | +12.47% | +35.11% | |
| 1Y Return | +16.44% | +101.30% | |
| 3Y Return (annualized) | +9.60% | +32.81% | |
| 5Y Return (annualized) | +4.60% | +9.88% | |
| Volatility (annualized) | 9.9% | 29.6% | |
| Max Drawdown | -23.6% | -63.1% | |
| Fund Family | Invesco (US) | ALPS Advisors | |
| Category | Equity | Equity | |
| Inception | Dec 5, 2012 | Dec 30, 2014 |
PHDG vs SBIO Performance
Invesco S&P 500 Downside Hedged ETF (PHDG) is a ETF from Invesco (US) and ALPS Medical Breakthroughs ETF (SBIO) is a ETF from ALPS Advisors. Over the past year PHDG returned +16.44% while SBIO returned +101.30%. Year to date, PHDG is up 12.47% versus a gain of 35.11% for SBIO.
Over three years, PHDG compounded at +9.60% per year against +32.81% for SBIO; over five years the annualized figures are +4.60% and +9.88% respectively. Across the full 12-year window we track, SBIO has the edge at +9.81% annualized vs +4.41%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SBIO has been the more volatile fund, with annualized monthly volatility of 29.6% compared with 9.9% for PHDG. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -23.6% for PHDG and -63.1% for SBIO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.37. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PHDG charges 0.39% per year while SBIO charges 0.50%. On a $10,000 position that is $39 vs $50 annually, a gap of $11 per year that compounds over a long holding period. On income, PHDG currently yields 1.68% against 4.05% for SBIO.
Holdings Overlap
PHDG and SBIO share 0 holdings out of 599 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PHDG or SBIO?
PHDG has an expense ratio of 0.39% while SBIO charges 0.50%. PHDG is the cheaper option. On a $10,000 investment, that is $11 per year of difference.
Which performed better, PHDG or SBIO?
Over the past year PHDG returned +16.44% vs +101.30% for SBIO, so SBIO leads on 1-year performance. Over the longest common window we track (12 years), PHDG annualized +4.41% vs +9.81% for SBIO. Past performance does not guarantee future results.
Which is riskier, PHDG or SBIO?
SBIO has been the more volatile fund at 29.6% annualized versus 9.9% for PHDG. Worst drawdown: PHDG -23.6% vs SBIO -63.1%.
Should I hold both PHDG and SBIO?
PHDG and SBIO have a monthly-return correlation of 0.37, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PHDG and SBIO?
PHDG and SBIO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 599 unique securities.
Which pays a higher dividend, PHDG or SBIO?
PHDG yields 1.68% while SBIO yields 4.05%, so SBIO currently pays the higher dividend yield.
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