BLHY vs. PGHY
Compare and contrast key facts about Virtus Newfleet High Yield Bond ETF (BLHY) and Invesco Global Short Term High Yield Bond ETF (PGHY).
BLHY and PGHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BLHY is an actively managed fund by Virtus Investment Partners. It was launched on Dec 5, 2016. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BLHY or PGHY.
Key characteristics
| BLHY | PGHY |
|---|
Correlation
The correlation between BLHY 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.
Performance
BLHY vs. PGHY - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BLHY vs. PGHY - Expense Ratio Comparison
BLHY has a 0.69% expense ratio, which is higher than PGHY's 0.35% expense ratio.
Risk-Adjusted Performance
BLHY vs. PGHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet High Yield Bond ETF (BLHY) 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
BLHY vs. PGHY - Dividend Comparison
BLHY has not paid dividends to shareholders, while PGHY's dividend yield for the trailing twelve months is around 8.27%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLHY Virtus Newfleet High Yield Bond ETF | 5.63% | 7.20% | 6.63% | 4.96% | 3.66% | 5.44% | 5.76% | 3.84% | 0.00% | 0.00% | 0.00% | 0.00% |
PGHY Invesco Global Short Term High Yield Bond ETF | 8.27% | 7.87% | 5.12% | 5.18% | 5.45% | 5.32% | 5.45% | 5.52% | 6.26% | 4.60% | 4.41% | 1.90% |
Drawdowns
BLHY vs. PGHY - Drawdown Comparison
Volatility
BLHY vs. PGHY - Volatility Comparison
The current volatility for Virtus Newfleet High Yield Bond ETF (BLHY) is 0.00%, while Invesco Global Short Term High Yield Bond ETF (PGHY) has a volatility of 2.06%. This indicates that BLHY 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.