Invesco Fundamental Investment Grade Corporate Bond ETF (PFIG)

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Invesco Fundamental Investment Grade Corporate Bond ETF (PFIG) is up 0.2% since the beginning of the year. PFIG is currently trading at $24 per share. Investors who bought $1,000 worth of PFIG shares 5 years ago would now be looking at an investment worth $1,069.

Invesco Fundamental Investment Grade Corporate Bond ETF (PFIG) has returned 0.19% so far this year and 4.83% over the past 12 months. Over the last ten years, PFIG has returned 2.44% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.

Based on dividend-adjusted daily data since Sep 15, 2011, PFIG's average daily return is +0.01%, while the average monthly return is +0.23%. At this rate, an investment would double in approximately 25.1 years.

Historically, 62% of months were positive and 38% were negative. The best month was Apr 2020 with a return of +4.3%, while the worst month was Mar 2020 at -4.7%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 4 months.

On a daily basis, PFIG closed higher 51% of trading days. The best single day was Mar 23, 2020 with a return of +3.2%, while the worst single day was Mar 18, 2020 at -6.5%.

Invesco Fundamental Investment Grade Corporate Bond ETF has an annualized alpha of 2.43%, beta of 0.03, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since September 16, 2011.

• This ETF participated in 15.85% of S&P 500 Index downside but only 14.76% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.03 may look defensive, but with R2 of 0.01 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.01 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

PFIG has an expense ratio of 0.22%, which is considered low.

PFIG ranks 48 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for Invesco Fundamental Investment Grade Corporate Bond ETF (PFIG) and compare them to S&P 500 Index.

Invesco Fundamental Investment Grade Corporate Bond ETF provided a 4.40% dividend yield over the last twelve months, with an annual payout of $1.05 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Invesco Fundamental Investment Grade Corporate Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Invesco Fundamental Investment Grade Corporate Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Invesco Fundamental Investment Grade Corporate Bond ETF was 15.58%, occurring on Oct 20, 2022. Recovery took 614 trading sessions.

The current Invesco Fundamental Investment Grade Corporate Bond ETF drawdown is 0.98%.

The chart below shows the rolling one-month volatility.