Correlation
The correlation between IIGD and PGHY is 0.14, 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.
IIGD vs. PGHY
Compare and contrast key facts about Invesco Investment Grade Defensive ETF (IIGD) and Invesco Global Short Term High Yield Bond ETF (PGHY).
IIGD and PGHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IIGD is a passively managed fund by Invesco that tracks the performance of the Invesco Investment Grade Defensive Index. It was launched on Jul 25, 2018. 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 IIGD 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: IIGD or PGHY.
Performance
IIGD vs. PGHY - Performance Comparison
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Key characteristics
IIGD:
2.30
PGHY:
1.30
IIGD:
3.51
PGHY:
1.90
IIGD:
1.45
PGHY:
1.27
IIGD:
1.98
PGHY:
1.57
IIGD:
8.95
PGHY:
8.31
IIGD:
0.83%
PGHY:
0.95%
IIGD:
3.22%
PGHY:
6.08%
IIGD:
-11.43%
PGHY:
-20.50%
IIGD:
0.00%
PGHY:
-0.41%
Returns By Period
The year-to-date returns for both stocks are quite close, with IIGD having a 3.18% return and PGHY slightly lower at 3.03%.
IIGD
3.18%
0.22%
2.78%
7.06%
3.54%
0.98%
N/A
PGHY
3.03%
1.27%
1.99%
7.56%
7.28%
5.30%
4.12%
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IIGD vs. PGHY - Expense Ratio Comparison
IIGD has a 0.13% expense ratio, which is lower than PGHY's 0.35% expense ratio.
Risk-Adjusted Performance
IIGD vs. PGHY — Risk-Adjusted Performance Rank
IIGD
PGHY
IIGD vs. PGHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Investment Grade Defensive ETF (IIGD) 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.
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Dividends
IIGD vs. PGHY - Dividend Comparison
IIGD's dividend yield for the trailing twelve months is around 4.19%, less than PGHY's 7.45% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IIGD Invesco Investment Grade Defensive ETF | 4.19% | 4.13% | 3.74% | 1.73% | 1.77% | 3.21% | 2.63% | 1.23% | 0.00% | 0.00% | 0.00% | 0.00% |
PGHY Invesco Global Short Term High Yield Bond ETF | 7.45% | 7.49% | 7.87% | 5.12% | 5.17% | 5.45% | 5.32% | 5.45% | 5.52% | 6.26% | 4.60% | 4.41% |
Drawdowns
IIGD vs. PGHY - Drawdown Comparison
The maximum IIGD drawdown since its inception was -11.43%, smaller than the maximum PGHY drawdown of -20.50%. Use the drawdown chart below to compare losses from any high point for IIGD and PGHY.
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Volatility
IIGD vs. PGHY - Volatility Comparison
The current volatility for Invesco Investment Grade Defensive ETF (IIGD) is 0.97%, while Invesco Global Short Term High Yield Bond ETF (PGHY) has a volatility of 1.44%. This indicates that IIGD 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.
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