AGGY vs. PGHY

Last updated Apr 2, 2026

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.

Performance

AGGY vs. PGHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Yield Enhanced U.S. Aggregate Bond Fund (AGGY) and Invesco Global Short Term High Yield Bond ETF (PGHY). The values are adjusted to include any dividend payments, if applicable.

AGGY vs. PGHY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AGGY WisdomTree Yield Enhanced U.S. Aggregate Bond Fund	-0.23%	7.38%	1.82%	7.29%	-15.26%	-1.72%	5.87%	11.77%	-1.70%	5.20%
PGHY Invesco Global Short Term High Yield Bond ETF	-0.03%	8.88%	8.39%	10.15%	-5.50%	1.22%	3.04%	5.87%	0.38%	2.97%

Returns By Period

In the year-to-date period, AGGY achieves a -0.23% return, which is significantly lower than PGHY's -0.03% return. Over the past 10 years, AGGY has underperformed PGHY with an annualized return of 1.82%, while PGHY has yielded a comparatively higher 4.47% annualized return.

AGGY

• 1D: 0.06%
• 1M: -1.58%
• YTD: -0.23%
• 6M: 0.37%
• 1Y: 4.38%
• 3Y*: 4.24%
• 5Y*: 0.27%
• 10Y*: 1.82%

PGHY

• 1D: 0.72%
• 1M: -1.09%
• YTD: -0.03%
• 6M: 1.30%
• 1Y: 6.01%
• 3Y*: 8.52%
• 5Y*: 4.23%
• 10Y*: 4.47%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AGGY vs. PGHY - Expense Ratio Comparison

AGGY has a 0.12% expense ratio, which is lower than PGHY's 0.35% expense ratio.

PGHY

Invesco Global Short Term High Yield Bond ETF

AGGY

WisdomTree Yield Enhanced U.S. Aggregate Bond Fund

Return for Risk

AGGY vs. PGHY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AGGY

AGGY Risk / Return Rank: 47
AGGY Sharpe Ratio Rank: 45
AGGY Sortino Ratio Rank: 41
AGGY Omega Ratio Rank: 39
AGGY Calmar Ratio Rank: 62
AGGY Martin Ratio Rank: 47

PGHY

PGHY Risk / Return Rank: 53
PGHY Sharpe Ratio Rank: 54
PGHY Sortino Ratio Rank: 54
PGHY Omega Ratio Rank: 51
PGHY Calmar Ratio Rank: 48
PGHY Martin Ratio Rank: 57

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AGGY vs. PGHY - Risk-Adjusted Trends 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.

	AGGY	PGHY	Difference
Sharpe ratio Return per unit of total volatility	0.87	1.01	-0.14
Sortino ratio Return per unit of downside risk	1.20	1.49	-0.29
Omega ratio Gain probability vs. loss probability	1.16	1.20	-0.04
Calmar ratio Return relative to maximum drawdown	1.66	1.33	+0.33
Martin ratio Return relative to average drawdown	4.80	5.91	-1.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AGGY vs. PGHY - Sharpe Ratio Comparison

The current AGGY Sharpe Ratio is 0.87, which is comparable to the PGHY Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of AGGY and PGHY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AGGY	PGHY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.87	1.01	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	0.80	-0.75
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	0.64	-0.30
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.58	-0.21

Correlation

The correlation between AGGY and PGHY is 0.19, 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.

Dividends

AGGY vs. PGHY - Dividend Comparison

AGGY's dividend yield for the trailing twelve months is around 4.49%, less than PGHY's 7.20% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGGY WisdomTree Yield Enhanced U.S. Aggregate Bond Fund	4.49%	4.48%	4.38%	3.78%	2.77%	2.10%	2.96%	3.02%	3.36%	2.78%	3.19%	1.27%
PGHY Invesco Global Short Term High Yield Bond ETF	7.20%	7.24%	7.49%	7.87%	5.12%	5.17%	5.45%	5.32%	5.45%	5.52%	6.26%	4.60%

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.

Drawdown Indicators

	AGGY	PGHY	Difference
Max Drawdown Largest peak-to-trough decline	-20.98%	-20.50%	-0.48%
Max Drawdown (1Y) Largest decline over 1 year	-2.81%	-4.35%	+1.54%
Max Drawdown (5Y) Largest decline over 5 years	-20.60%	-9.42%	-11.18%
Max Drawdown (10Y) Largest decline over 10 years	-20.98%	-20.50%	-0.48%
Current Drawdown Current decline from peak	-2.96%	-1.83%	-1.13%
Average Drawdown Average peak-to-trough decline	-5.07%	-1.66%	-3.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.97%	1.00%	-0.03%

Volatility

AGGY vs. PGHY - Volatility Comparison

The current volatility for WisdomTree Yield Enhanced U.S. Aggregate Bond Fund (AGGY) is 1.91%, while Invesco Global Short Term High Yield Bond ETF (PGHY) has a volatility of 2.05%. This indicates that AGGY experiences smaller price fluctuations and is considered to be less risky than PGHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGGY	PGHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.91%	2.05%	-0.14%
Volatility (6M) Calculated over the trailing 6-month period	2.85%	3.35%	-0.50%
Volatility (1Y) Calculated over the trailing 1-year period	5.09%	5.99%	-0.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.05%	5.33%	+0.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.48%	7.03%	-1.55%