Basically they hold the S&P 500 index, but in addition, they can leg in and out of the CBOE Volatility Index (VIX). When the VIX index starts picking up, it is usually when the market is selling off. This ETF will go into the VIX as the market starts to round over. This allows you to play the S&P 500 and the US market, but it gives you a little bit of downside protection as well.
PowerShare S&P 500 Downside Hedged Portfolio is a American stock, trading under the symbol PHDG-N on the NYSE Arca (PHDG). It is usually referred to as AMEX:PHDG or PHDG-N
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PowerShare S&P 500 Downside Hedged Portfolio was recommended as a Top Pick by on . Read the latest stock experts ratings for PowerShare S&P 500 Downside Hedged Portfolio.
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In the last year 0 stock analysts on Stockchase covered PowerShare S&P 500 Downside Hedged Portfolio. The stock is worth watching.
On 2024-12-13, PowerShare S&P 500 Downside Hedged Portfolio (PHDG-N) stock closed at a price of $38.98.
(A Top Pick June 13/13. Down 0.28%.) This works off the Vectors Index. It mirrors the S&P 500 and also has the development of a VIX built into it. The more that volatility picks up, the more this one lags into the VIX. This is one where you want to be in the market but you are afraid of something killing the market off. It is a downside risk protection.