Invesco S&P 500 High Beta ETF Price & Performance (SPHB)

The CNN Fear & Greed Index has plunged into "Extreme Fear," its lowest in over a year, reflecting heightened market anxiety. The VIX, Wall Street’s so-called "fear gauge," surged 20% in February, signaling expectations of more turbulence. Meanwhile, the Buffett Indicator remains at an elevated 211%, suggesting caution from investors.12

The S&P 500 experienced its most volatile week of 2025, with a 2.3% weekly loss. Monday marked its worst day since August, while Friday saw its best day since the election. The index is now 8.22% below its February peak and has dropped 3.91% year-to-date, reflecting ongoing market challenges.34

Growth-focused ETFs, like the Technology Select Sector SPDR ETF (XLK), are underperforming amid a broader market rotation. High Beta ETFs, including the Invesco S&P 500 High Beta ETF (SPHB), have also struggled. Meanwhile, international markets, such as Japan, are showing relative strength, attracting investor interest.56