Invesco Global Short Term High Yield Bond ETF (PGHY) belongs to the High Yield Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with PGHY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PGHY
PGHY charges 0.35% annually. There are 23 ETFs in the High Yield Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Schwab High Yield Bond ETF | 0.03% | 2.54B | Jul 2023 | PGHY vs SCYB | |
| SPDR Portfolio High Yield Bond ETF | 0.10% | 11.07B | Jun 2012 | PGHY vs SPHY | |
| iShares Broad USD High Yield Corporate Bond ETF | 0.15% | 26.83B | Oct 2017 | PGHY vs USHY | |
| JPMorgan BetaBuilders USD High Yield Corporate Bon... | 0.15% | 608.96M | Sep 2016 | PGHY vs BBHY | |
| Xtrackers USD High Yield Corporate Bond ETF | 0.15% | 3.48B | Dec 2016 | PGHY vs HYLB |
Best Risk-Adjusted Alternatives to PGHY
PGHY has a PortfoliosLab risk / return rank of 53. There are 72 ETFs in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| iShares iBonds 2025 Term High Yield & Income ETF | 97 | 364.90M | May 2019 | PGHY vs IBHE | |
| Invesco BulletShares 2026 High Yield Corp Bond ETF | 95 | 1.03B | Aug 2018 | PGHY vs BSJQ | |
| BondBloxx US High Yield Energy Sector ETF | 94 | 5.96M | Feb 2022 | PGHY vs XHYE | |
| iShares iBonds 1-5 Year High Yield and Income Ladd... | 87 | 8.41M | Nov 2024 | PGHY vs LDRH | |
| Pacific Global Senior Loan ETF | 86 | 615.17M | Feb 2015 | PGHY vs FLRT |
Top Performing PGHY Alternatives (YTD)
PGHY is at 2.80% YTD. There are 7 ETFs in the High Yield Bonds category with higher YTD returns, going as high as 15.40%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Digital Asset Debt Strategy ETF | 15.40% | — | Aug 2025 | PGHY vs DADS | |
| VanEck Vectors Emerging Markets High Yield Bond ET... | 4.02% | 510.68M | May 2012 | PGHY vs HYEM | |
| Fidelity Sustainable High Yield ETF | 3.62% | 112.95M | Feb 2022 | PGHY vs FSYD | |
| BondBloxx US High Yield Energy Sector ETF | 3.57% | 5.96M | Feb 2022 | PGHY vs XHYE | |
| ProShares High Yield-Interest Rate Hedged | 3.36% | 173.54M | May 2013 | PGHY vs HYHG |
Lowest Volatility Alternatives to PGHY
PGHY has 5.00% 1-year volatility. There are 99 ETFs in the High Yield Bonds category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers J.P. Morgan ESG USD High Yield Corporate... | 0.00% | 6.49M | Mar 2015 | PGHY vs ESHY | |
| iShares iBonds 2024 Term High Yield & Income ETF | 0.00% | 310.08M | May 2019 | PGHY vs IBHD | |
| Invesco BulletShares 2024 High Yield Corporate Bon... | 0.00% | 437.22M | Sep 2016 | PGHY vs BSJO | |
| iShares Euro High Yield Corporate Bond USD Hedged ... | 0.00% | 71.08M | Apr 2012 | PGHY vs HYXU | |
| iShares iBonds 2025 Term High Yield & Income ETF | 0.81% | 364.90M | May 2019 | PGHY vs IBHE |
Lowest Drawdown Alternatives to PGHY
PGHY has a 1-year max drawdown of -3.04%. There are 73 ETFs in the High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -0.22%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares iBonds 2025 Term High Yield & Income ETF | -0.22% | 364.90M | May 2019 | PGHY vs IBHE | |
| Invesco BulletShares 2026 High Yield Corp Bond ETF | -0.54% | 1.03B | Aug 2018 | PGHY vs BSJQ | |
| iShares iBonds 2027 Term High Yield and Income ETF | -0.73% | 437.71M | Jul 2021 | PGHY vs IBHG | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | -1.16% | 849.28M | Sep 2019 | PGHY vs BSJR | |
| BondBloxx US High Yield Energy Sector ETF | -1.21% | 5.96M | Feb 2022 | PGHY vs XHYE |
Other ETFs from Invesco
The 10 most viewed Invesco ETFs shown here include QQQ, SPMO, QQQM and span 10 categories. AUM among these funds goes as high as $494B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 77 | 21.62% | 493.99B | Mar 1999 | PGHY vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 77 | 29.70% | 19.93B | Oct 2015 | PGHY vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 77 | 21.64% | 96.91B | Oct 2020 | PGHY vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500 | 54 | 10.12% | 89.51B | Apr 2003 | PGHY vs RSP | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 62 | 8.82% | 11.15B | May 2005 | PGHY vs XLG | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 97 | 93.97% | 2.41B | Jun 2021 | PGHY vs SOXQ | |
| Invesco S&P 500 Quality ETF | S&P 500, Large Cap Value Equities | 56 | 15.16% | 18.88B | Dec 2005 | PGHY vs SPHQ | |
| Invesco S&P 500® High Dividend Low Volatility ETF | S&P 500, Dividend | 24 | 5.32% | 3.23B | Oct 2012 | PGHY vs SPHD | |
| Invesco Aerospace & Defense ETF | Industrials Equities, Aerospace & Defense | 43 | 10.46% | 8.37B | Oct 2005 | PGHY vs PPA | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 69 | 22.96% | 7.49B | Mar 2005 | PGHY vs XMMO |
Often Compared With PGHY
Investors most often compare PGHY with AGGY, EMCB, PICB. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare PGHY with Any Fund or Stock
Compare PGHY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PGHY with funds that move differently
Invesco Global Short Term High Yield Bond ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PGHY.
Explore PGHY Diversifiers