Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (PSB.TO)

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Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (PSB.TO) is up 1.5% since the beginning of the year. PSB.TO is currently trading at CA$18 per share. Investors who bought CA$1,000 worth of PSB.TO shares 5 years ago would now be looking at an investment worth CA$1,157.

Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (PSB.TO) has returned 1.49% so far this year and 3.77% over the past 12 months. Over the last ten years, PSB.TO has returned 2.68% per year, falling short of the S&P 500 Index benchmark, which averaged 14.59% annually.

Based on dividend-adjusted daily data since Jun 20, 2011, PSB.TO'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, 70% of months were positive and 30% were negative. The best month was Apr 2020 with a return of +3.1%, while the worst month was Mar 2020 at -3.6%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 4 months.

On a daily basis, PSB.TO closed higher 46% of trading days. The best single day was Mar 24, 2020 with a return of +5.9%, while the worst single day was Apr 1, 2020 at -4.9%.

Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF has an annualized alpha of 2.60%, beta of 0.02, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since June 20, 2011.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (11.14%) than losses (5.23%) - typical of diversified or defensive assets.
• Beta of 0.02 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.

PSB.TO has an expense ratio of 0.28%, placing it in the medium range.

PSB.TO ranks 52 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.

Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF provided a 3.21% dividend yield over the last twelve months, with an annual payout of CA$0.58 per share. The fund has been increasing its distributions for 5 consecutive years.

The table displays the monthly dividend distributions for Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index 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 1-5 Year Laddered Investment Grade Corporate Bond Index 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 1-5 Year Laddered Investment Grade Corporate Bond Index ETF was 13.24%, occurring on Mar 19, 2020. Recovery took 53 trading sessions.

The current Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF drawdown is 0.23%.

The chart below shows the rolling one-month volatility.