IHYF vs. PHYL
Compare and contrast key facts about Invesco High Yield Bond Factor ETF (IHYF) and PGIM Active High Yield Bond ETF (PHYL).
IHYF and PHYL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IHYF is an actively managed fund by Invesco. It was launched on Nov 30, 2020. PHYL is an actively managed fund by Prudential. It was launched on Sep 24, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IHYF or PHYL.
Correlation
The correlation between IHYF and PHYL is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IHYF vs. PHYL - Performance Comparison
Key characteristics
IHYF:
2.57
PHYL:
2.86
IHYF:
3.83
PHYL:
4.13
IHYF:
1.54
PHYL:
1.55
IHYF:
4.92
PHYL:
4.46
IHYF:
17.39
PHYL:
16.89
IHYF:
0.57%
PHYL:
0.64%
IHYF:
3.88%
PHYL:
3.78%
IHYF:
-15.96%
PHYL:
-22.06%
IHYF:
-0.13%
PHYL:
0.00%
Returns By Period
In the year-to-date period, IHYF achieves a 1.28% return, which is significantly lower than PHYL's 2.06% return.
IHYF
1.28%
0.18%
4.24%
10.19%
N/A
N/A
PHYL
2.06%
0.81%
4.26%
10.77%
4.18%
N/A
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IHYF vs. PHYL - Expense Ratio Comparison
IHYF has a 0.39% expense ratio, which is lower than PHYL's 0.53% expense ratio.
Risk-Adjusted Performance
IHYF vs. PHYL — Risk-Adjusted Performance Rank
IHYF
PHYL
IHYF vs. PHYL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco High Yield Bond Factor ETF (IHYF) and PGIM Active High Yield Bond ETF (PHYL). 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
IHYF vs. PHYL - Dividend Comparison
IHYF's dividend yield for the trailing twelve months is around 6.58%, less than PHYL's 7.98% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
IHYF Invesco High Yield Bond Factor ETF | 6.58% | 7.20% | 6.76% | 6.16% | 4.87% | 0.00% | 0.00% | 0.00% |
PHYL PGIM Active High Yield Bond ETF | 7.98% | 8.28% | 7.62% | 6.55% | 6.13% | 7.51% | 7.30% | 1.79% |
Drawdowns
IHYF vs. PHYL - Drawdown Comparison
The maximum IHYF drawdown since its inception was -15.96%, smaller than the maximum PHYL drawdown of -22.06%. Use the drawdown chart below to compare losses from any high point for IHYF and PHYL. For additional features, visit the drawdowns tool.
Volatility
IHYF vs. PHYL - Volatility Comparison
Invesco High Yield Bond Factor ETF (IHYF) has a higher volatility of 1.45% compared to PGIM Active High Yield Bond ETF (PHYL) at 0.78%. This indicates that IHYF's price experiences larger fluctuations and is considered to be riskier than PHYL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.