PFIG vs. PGHY
Compare and contrast key facts about Invesco Fundamental Investment Grade Corporate Bond ETF (PFIG) and Invesco Global Short Term High Yield Bond ETF (PGHY).
PFIG and PGHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PFIG is a passively managed fund by Invesco that tracks the performance of the RAFI Bonds US Investment Grade 1-10 Index. It was launched on Sep 15, 2011. 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 PFIG 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: PFIG or PGHY.
Correlation
The correlation between PFIG and PGHY is 0.16, 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
PFIG vs. PGHY - Performance Comparison
Key characteristics
PFIG:
1.07
PGHY:
1.77
PFIG:
1.61
PGHY:
2.60
PFIG:
1.20
PGHY:
1.34
PFIG:
0.64
PGHY:
4.55
PFIG:
4.52
PGHY:
16.17
PFIG:
1.05%
PGHY:
0.54%
PFIG:
4.37%
PGHY:
4.96%
PFIG:
-15.58%
PGHY:
-20.50%
PFIG:
-1.79%
PGHY:
-0.10%
Returns By Period
In the year-to-date period, PFIG achieves a 0.85% return, which is significantly lower than PGHY's 2.44% return. Over the past 10 years, PFIG has underperformed PGHY with an annualized return of 2.20%, while PGHY has yielded a comparatively higher 4.38% annualized return.
PFIG
0.85%
1.67%
0.69%
5.20%
0.95%
2.20%
PGHY
2.44%
1.87%
4.40%
9.26%
3.67%
4.38%
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PFIG vs. PGHY - Expense Ratio Comparison
PFIG has a 0.22% expense ratio, which is lower than PGHY's 0.35% expense ratio.
Risk-Adjusted Performance
PFIG vs. PGHY — Risk-Adjusted Performance Rank
PFIG
PGHY
PFIG vs. PGHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Fundamental Investment Grade Corporate Bond ETF (PFIG) 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
PFIG vs. PGHY - Dividend Comparison
PFIG's dividend yield for the trailing twelve months is around 4.14%, less than PGHY's 7.35% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFIG Invesco Fundamental Investment Grade Corporate Bond ETF | 4.14% | 4.12% | 3.54% | 2.57% | 3.34% | 2.81% | 2.92% | 2.88% | 2.54% | 2.59% | 2.57% | 2.39% |
PGHY Invesco Global Short Term High Yield Bond ETF | 7.35% | 7.50% | 7.86% | 5.12% | 5.18% | 5.45% | 5.33% | 5.45% | 5.52% | 6.26% | 4.59% | 4.40% |
Drawdowns
PFIG vs. PGHY - Drawdown Comparison
The maximum PFIG drawdown since its inception was -15.58%, smaller than the maximum PGHY drawdown of -20.50%. Use the drawdown chart below to compare losses from any high point for PFIG and PGHY. For additional features, visit the drawdowns tool.
Volatility
PFIG vs. PGHY - Volatility Comparison
The current volatility for Invesco Fundamental Investment Grade Corporate Bond ETF (PFIG) is 1.14%, while Invesco Global Short Term High Yield Bond ETF (PGHY) has a volatility of 2.45%. This indicates that PFIG 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.