Invesco S&P 500 Quality ETF builds a portfolio of profitable industry leaders with solid balance sheets. Its quality orientation should help the fund fare better during market downturns, but its active bets won’t always play out, and will likely leave it lagging in buoyant markets. All told, favoring high-quality stocks and charging a low fee should yield better results than its category index over the long haul, warranting a Silver Morningstar Analyst Rating.
Morningstar’s Analysis SPHQ
Will SPHQ outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SPHQ’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the SPHQ management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of SPHQ’s parent organization’s priorities and whether they’re in line with investors’ interests.