PHDG vs SPXL
Invesco S&P 500 Downside Hedged ETF against Direxion Daily S&P 500 Bull 3x ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
71%
502 shared positions
Fee gap
—
same fee
1-year return gap
25.1 pts
SPXL is ahead
Larger fund
SPXL
$7.2B
Side by side
| PHDG | SPXL | |
|---|---|---|
| Fund | Invesco S&P 500 Downside Hedged ETF | Direxion Daily S&P 500 Bull 3x ETF |
| Issuer | Invesco | Direxion |
| Category | Hedged Equity | Leveraged Equity |
| Expense ratio | 0.39% | — |
| Assets | $62M | $7.2B |
| Average daily dollar volume | $104K | $453M |
| Listed | Dec 6, 2012 | Nov 5, 2008 |
| FrenzyCap score | 50 | 100 |
| 1-month return | +0.1% | −1.1% |
| 3-month return | +2.2% | +11.8% |
| Year to date | +11.2% | +31.9% |
| 1-year return | +10.4% | +35.4% |
| 30-day volatility | 8.5% | 30.3% |
| Worst drawdown, 1 year | −7.1% | −26.9% |
| Trailing 12-month yield | 1.41% | 0.50% |
| Holdings | 513 | 515 |
| Top 10 weight | 44.9% | 244.1% |
| Look-through P/E | 25.6 | 25.7 |
| Holdings vs fair value | +1.9% | +1.8% |
| Holdings above 200-day average | 70% | 70% |
| Net flow, latest 3 reported months | −$1.8M thru Jul 2026 | +$284M thru Jul 2026 |
| 30-day implied volatility | — | 39.4% |
| Holdings as of | as of Oct 20, 2026issuer data | as of Oct 21, 2026issuer data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
84% of PHDG · 71% of SPXL| Holding | PHDG | SPXL |
|---|---|---|
| NVDA | 6.64% | 5.61% |
| AAPL | 6.28% | 5.30% |
| MSFT | 5.01% | 4.23% |
| AMZN | 3.27% | 2.76% |
| GOOGL | 2.53% | 2.14% |
| GOOG | 2.02% | 1.71% |
| AVGO | 2.02% | 1.70% |
| META | 1.94% | 1.64% |
| TSLA | 1.33% | 1.13% |
| LLY | 1.30% | 1.10% |
| MU | 1.28% | 1.08% |
| BRK.B | 1.27% | 1.08% |
| JPM | 1.13% | 0.95% |
| AMD | 1.11% | 0.93% |
| XOM | 0.93% | 0.78% |
| V | 0.88% | 0.74% |
| JNJ | 0.79% | 0.67% |
| WMT | 0.67% | 0.56% |
| ABBV | 0.65% | 0.55% |
| MA | 0.64% | 0.54% |
| INTC | 0.58% | 0.49% |
| CVX | 0.56% | 0.48% |
| PLTR | 0.56% | 0.47% |
| COST | 0.56% | 0.47% |
| CSCO | 0.54% | 0.45% |
Sector mix of the stock holdings
| Sector | PHDG | SPXL | Gap |
|---|---|---|---|
| Technology | 39.1% | 33.0% | +6.1% |
| Industrials | 9.1% | 7.7% | +1.4% |
| Consumer Discretionary | 8.8% | 7.5% | +1.4% |
| Financials | 7.9% | 6.6% | +1.2% |
| Health Care | 7.4% | 6.2% | +1.2% |
| Consumer Staples | 2.8% | 2.4% | +0.4% |
| Energy | 2.7% | 2.3% | +0.4% |
| Utilities | 2.2% | 1.8% | +0.4% |
| Materials | 1.6% | 1.3% | +0.2% |
| Real Estate | 1.4% | 1.2% | +0.2% |
| Communication Services | 1.1% | 0.9% | +0.2% |
More: full overlap table · PHDG holdings · SPXL holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.