AGGY vs. PGHY
Compare and contrast key facts about WisdomTree Yield Enhanced U.S. Aggregate Bond Fund (AGGY) and Invesco Global Short Term High Yield Bond ETF (PGHY).
AGGY and PGHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AGGY is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg US Aggregate Yield Enhanced. It was launched on Jul 9, 2015. PGHY is a passively managed fund by Invesco that tracks the performance of the DB Global Short Maturity High Yield Bond Index. It was launched on Jun 20, 2013. Both AGGY and PGHY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AGGY or PGHY.
Performance
AGGY vs. PGHY - Performance Comparison
Returns By Period
In the year-to-date period, AGGY achieves a 2.11% return, which is significantly lower than PGHY's 8.78% return.
AGGY
2.11%
-0.69%
3.21%
7.08%
-0.60%
N/A
PGHY
8.78%
-0.27%
4.77%
12.99%
3.54%
3.97%
Key characteristics
| AGGY | PGHY | |
|---|---|---|
| Sharpe Ratio | 1.25 | 2.94 |
| Sortino Ratio | 1.88 | 4.50 |
| Omega Ratio | 1.22 | 1.58 |
| Calmar Ratio | 0.46 | 6.83 |
| Martin Ratio | 4.60 | 26.39 |
| Ulcer Index | 1.53% | 0.50% |
| Daily Std Dev | 5.61% | 4.46% |
| Max Drawdown | -20.98% | -20.50% |
| Current Drawdown | -9.16% | -0.65% |
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AGGY vs. PGHY - Expense Ratio Comparison
AGGY has a 0.12% expense ratio, which is lower than PGHY's 0.35% expense ratio.
Correlation
The correlation between AGGY and PGHY is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
AGGY vs. PGHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Yield Enhanced U.S. Aggregate Bond Fund (AGGY) and Invesco Global Short Term High Yield Bond ETF (PGHY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
AGGY vs. PGHY - Dividend Comparison
AGGY's dividend yield for the trailing twelve months is around 4.32%, less than PGHY's 7.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGGY WisdomTree Yield Enhanced U.S. Aggregate Bond Fund | 4.32% | 3.78% | 2.78% | 2.10% | 2.97% | 3.02% | 3.36% | 2.78% | 3.19% | 1.27% | 0.00% | 0.00% |
PGHY Invesco Global Short Term High Yield Bond ETF | 7.43% | 7.86% | 5.12% | 5.18% | 5.45% | 5.33% | 5.45% | 5.52% | 6.26% | 4.59% | 4.40% | 1.90% |
Drawdowns
AGGY vs. PGHY - Drawdown Comparison
The maximum AGGY drawdown since its inception was -20.98%, roughly equal to the maximum PGHY drawdown of -20.50%. Use the drawdown chart below to compare losses from any high point for AGGY and PGHY. For additional features, visit the drawdowns tool.
Volatility
AGGY vs. PGHY - Volatility Comparison
WisdomTree Yield Enhanced U.S. Aggregate Bond Fund (AGGY) has a higher volatility of 1.66% compared to Invesco Global Short Term High Yield Bond ETF (PGHY) at 1.26%. This indicates that AGGY's price experiences larger fluctuations and is considered to be riskier than PGHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.