As the S&P 500 nears a new record high, there are cracks below the surface
Published . Updated .
About 60% of the stocks in the S&P 500 are down more than 20% from their all-time highs.
Directly affected
- No company is named in this report.
Indirectly affected
- SPHB INVESCO S&P 500 HIGH BETA ETF
GA selected SPHB as a RELATED security because its canonical security name directly matches this event's themes: high. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- AOHY ANGEL OAK HIGH YIELD OPPORTUNITIES ETF
GA selected AOHY as a RELATED security because its canonical security name directly matches this event's themes: high. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- BKHY BNY MELLON HIGH YIELD ETF
GA selected BKHY as a RELATED security because its canonical security name directly matches this event's themes: high. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- ERH Wells Fargo Advantage Utilities and High Income Fund
GA selected ERH as a RELATED security because its canonical security name directly matches this event's themes: high. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- FSYD FIDELITY SUSTAINABLE HIGH YIELD ETF
GA selected FSYD as a RELATED security because its canonical security name directly matches this event's themes: high. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- FTMH Franklin Municipal High Yield - ETF
GA selected FTMH as a RELATED security because its canonical security name directly matches this event's themes: high. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
Price reaction, T-5 to T+3
About 60% of the stocks in the S&P 500 are down more than 20% from their all-time highs.
Source: MarketWatch
Price since this story was published: Invesco S&P 500 High Beta Etf (SPHB)
Since the first closing price after “As the S&P 500 nears a new record high, there are cracks below the surface,” Invesco S&P 500 High Beta Etf (SPHB) is -8.33%. The S&P 500 fund (SPY) is -0.88% over the same days, a -7.45% difference versus the market.
Who gains and who loses around Invesco S&P 500 High Beta Etf (SPHB)
Companies tied to this story
- SPHB Invesco S&P 500 High Beta Etf
In “As the S&P 500 nears a new record high, there are cracks below the surface,” Invesco S&P 500 High Beta Etf (SPHB) is linked, with no stored direction, medium confidence. Reason on file: GA selected SPHB as a RELATED security because its canonical security name directly matches this event's themes: high. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- AOHY Angel Oak High Yield Opportunities Etf
For “As the S&P 500 nears a new record high, there are cracks below the surface,” Angel Oak High Yield Opportunities Etf (AOHY) is linked, with no stored direction, medium confidence. Reason on file: GA selected AOHY as a RELATED security because its canonical security name directly matches this event's themes: high. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- BKHY Bny Mellon High Yield Etf
For “As the S&P 500 nears a new record high, there are cracks below the surface,” Bny Mellon High Yield Etf (BKHY) is linked, with no stored direction, medium confidence. Reason on file: GA selected BKHY as a RELATED security because its canonical security name directly matches this event's themes: high. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- ERH Allspring Utilities & High Income Fund
For “As the S&P 500 nears a new record high, there are cracks below the surface,” Allspring Utilities & High Income Fund (ERH) is linked, with no stored direction, medium confidence. Reason on file: GA selected ERH as a RELATED security because its canonical security name directly matches this event's themes: high. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- FSYD Fidelity Sustainable High Yield Etf
Fidelity Sustainable High Yield Etf (FSYD) is linked, with no stored direction, medium confidence in the 21 Sep 2026 story “As the S&P 500 nears a new record high, there are cracks below the surface.” Reason on file: GA selected FSYD as a RELATED security because its canonical security name directly matches this event's themes: high. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- FTMH Franklin Municipal High Yield - ETF
For “As the S&P 500 nears a new record high, there are cracks below the surface,” Franklin Municipal High Yield - ETF (FTMH) is linked, with no stored direction, medium confidence. Reason on file: GA selected FTMH as a RELATED security because its canonical security name directly matches this event's themes: high. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Invesco S&P 500 High Beta Etf (SPHB)
“As the S&P 500 nears a new record high, there are cracks below the surface” (21 Sep 2026) reaches Invesco S&P 500 High Beta Etf (SPHB) through this story.
The link for Invesco S&P 500 High Beta Etf (SPHB) is this: GA selected SPHB as a RELATED security because its canonical security name directly matches this event's themes: high. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Angel Oak High Yield Opportunities Etf (AOHY) is here too. Its reason reads: GA selected AOHY as a RELATED security because its canonical security name directly matches this event's themes: high. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Dates and price levels for Invesco S&P 500 High Beta Etf (SPHB)
AOHY traded between 10.64 and 10.95 across 20 sessions. The latest close on file is 10.71. BKHY traded between 45.34 and 46.77 across 20 sessions. The latest close on file is 45.60. SPHB traded between 138.69 and 157.54 across 20 sessions. The latest close on file is 140.56.
How strong the case is around Invesco S&P 500 High Beta Etf (SPHB)
46 out of 100
“As the S&P 500 nears a new record high, there are cracks below the surface” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.