PGHY vs. AGGY
Compare and contrast key facts about Invesco Global Short Term High Yield Bond ETF (PGHY) and WisdomTree Yield Enhanced U.S. Aggregate Bond Fund (AGGY).
PGHY and AGGY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. AGGY is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg US Aggregate Yield Enhanced. It was launched on Jul 9, 2015. Both PGHY and AGGY 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: PGHY or AGGY.
Performance
PGHY vs. AGGY - Performance Comparison
Returns By Period
In the year-to-date period, PGHY achieves a 9.44% return, which is significantly higher than AGGY's 2.25% return.
PGHY
9.44%
0.28%
5.50%
13.80%
3.68%
4.04%
AGGY
2.25%
-1.22%
3.21%
7.18%
-0.56%
N/A
Key characteristics
| PGHY | AGGY | |
|---|---|---|
| Sharpe Ratio | 3.19 | 1.31 |
| Sortino Ratio | 4.92 | 1.97 |
| Omega Ratio | 1.64 | 1.23 |
| Calmar Ratio | 7.33 | 0.49 |
| Martin Ratio | 28.44 | 4.87 |
| Ulcer Index | 0.50% | 1.52% |
| Daily Std Dev | 4.41% | 5.61% |
| Max Drawdown | -20.50% | -20.98% |
| Current Drawdown | -0.05% | -9.04% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PGHY vs. AGGY - Expense Ratio Comparison
PGHY has a 0.35% expense ratio, which is higher than AGGY's 0.12% expense ratio.
Correlation
The correlation between PGHY and AGGY is 0.17, 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.
Risk-Adjusted Performance
PGHY vs. AGGY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Short Term High Yield Bond ETF (PGHY) and WisdomTree Yield Enhanced U.S. Aggregate Bond Fund (AGGY). 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
PGHY vs. AGGY - Dividend Comparison
PGHY's dividend yield for the trailing twelve months is around 7.39%, more than AGGY's 4.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGHY Invesco Global Short Term High Yield Bond ETF | 7.39% | 7.86% | 5.12% | 5.18% | 5.45% | 5.33% | 5.45% | 5.52% | 6.26% | 4.59% | 4.40% | 1.90% |
AGGY WisdomTree Yield Enhanced U.S. Aggregate Bond Fund | 4.32% | 3.78% | 2.78% | 2.10% | 2.97% | 3.02% | 3.36% | 2.78% | 3.19% | 1.27% | 0.00% | 0.00% |
Drawdowns
PGHY vs. AGGY - Drawdown Comparison
The maximum PGHY drawdown since its inception was -20.50%, roughly equal to the maximum AGGY drawdown of -20.98%. Use the drawdown chart below to compare losses from any high point for PGHY and AGGY. For additional features, visit the drawdowns tool.
Volatility
PGHY vs. AGGY - Volatility Comparison
The current volatility for Invesco Global Short Term High Yield Bond ETF (PGHY) is 1.19%, while WisdomTree Yield Enhanced U.S. Aggregate Bond Fund (AGGY) has a volatility of 1.66%. This indicates that PGHY experiences smaller price fluctuations and is considered to be less risky than AGGY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.