IFLN vs. PHYD
IFLN (Invesco Bloomberg Enhanced Fallen Angels ETF) and PHYD (Putnam ESG High Yield ETF -) are both High Yield Bonds funds. IFLN is passively managed, while PHYD is actively managed. Their 0.79 correlation means they have sometimes moved together and sometimes differently. IFLN charges 0.23%/yr vs 0.55%/yr for PHYD.
Performance
IFLN vs. PHYD - Performance Comparison
Loading charts...
Returns By Period
IFLN
- 1D
- -0.14%
- 1M
- -0.79%
- 6M
- 0.18%
- YTD
- 0.82%
- 1Y
- 4.55%
- 3Y*
- 7.16%
- 5Y*
- 3.42%
- 10Y*
- 4.38%
- ALL TIME*
- 3.64%
PHYD
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $390.04K | $433.09K | $1.95M |
IFLN vs. PHYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IFLN Invesco Bloomberg Enhanced Fallen Angels ETF | 0.82% | 8.75% | 5.54% | 8.16% |
PHYD Putnam ESG High Yield ETF - | 2.32% | 8.84% | 7.35% | 8.30% |
Correlation
The correlation between IFLN and PHYD is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.74 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2023 | 0.79 |
The correlation between IFLN and PHYD has been stable across timeframes, ranging from 0.74 to 0.79 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IFLN vs. PHYD — Risk / Return Rank
IFLN
PHYD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IFLN vs. PHYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg Enhanced Fallen Angels ETF (IFLN) and Putnam ESG High Yield ETF - (PHYD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IFLN | PHYD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.22 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | — | — |
| Martin ratioReturn relative to average drawdown | 4.71 | — | — |
Loading charts...
Drawdowns
IFLN vs. PHYD - Drawdown Comparison
Loading charts...
Drawdown Indicators
| IFLN | PHYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.79% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -4.08% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.08% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -13.76% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -21.52% | — | — |
Current DrawdownCurrent decline from peak | -0.80% | — | — |
Average DrawdownAverage peak-to-trough decline | -4.29% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | — | — |
Volatility
IFLN vs. PHYD - Volatility Comparison
Loading charts...
Volatility by Period
| IFLN | PHYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.31% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.96% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.38% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.86% | — | — |
IFLN vs. PHYD - Expense Ratio Comparison
IFLN has a 0.23% expense ratio, which is lower than PHYD's 0.55% expense ratio.
Dividends
IFLN vs. PHYD - Dividend Comparison
IFLN's dividend yield for the trailing twelve months is around 5.94%, while PHYD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IFLN Invesco Bloomberg Enhanced Fallen Angels ETF | 5.94% | 5.48% | 5.69% | 4.68% | 3.52% | 3.37% | 3.90% | 4.03% | 4.44% | 4.14% | 4.58% | 4.69% |
PHYD Putnam ESG High Yield ETF - | 8.00% | 6.63% | 6.80% | 6.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IFLN and PHYD have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IFLN is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IFLN is cheaper with a 0.23% expense ratio, compared with 0.55% for PHYD.
PHYD has the higher dividend yield at 8.00%, compared with 5.94% for IFLN.
They also come from different issuers: Invesco and Putnam. Their fees differ too: 0.23% for IFLN and 0.55% for PHYD.
Find the right allocation for IFLN and PHYD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer