PGHY vs. BBHY
Compare and contrast key facts about Invesco Global Short Term High Yield Bond ETF (PGHY) and JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY).
PGHY and BBHY 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. BBHY is a passively managed fund by JPMorgan that tracks the performance of the ICE BofA US High Yield Index. It was launched on Sep 15, 2016. Both PGHY and BBHY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
PGHY vs. BBHY - Performance Comparison
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PGHY vs. BBHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PGHY Invesco Global Short Term High Yield Bond ETF | 0.48% | 8.88% | 8.39% | 10.15% | -5.50% | 1.22% | 3.04% | 5.87% | 0.38% | 2.97% |
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 0.13% | 8.51% | 7.81% | 11.98% | -10.37% | 3.88% | 5.36% | 14.35% | -2.50% | 6.57% |
Returns By Period
In the year-to-date period, PGHY achieves a 0.48% return, which is significantly higher than BBHY's 0.13% return.
PGHY
- 1D
- 0.51%
- 1M
- -0.39%
- YTD
- 0.48%
- 6M
- 1.92%
- 1Y
- 6.66%
- 3Y*
- 8.72%
- 5Y*
- 4.34%
- 10Y*
- 4.55%
BBHY
- 1D
- 0.18%
- 1M
- -0.25%
- YTD
- 0.13%
- 6M
- 1.25%
- 1Y
- 7.03%
- 3Y*
- 8.25%
- 5Y*
- 4.01%
- 10Y*
- —
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PGHY vs. BBHY - Expense Ratio Comparison
PGHY has a 0.35% expense ratio, which is higher than BBHY's 0.15% expense ratio.
Return for Risk
PGHY vs. BBHY — Risk / Return Rank
PGHY
BBHY
PGHY vs. BBHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Short Term High Yield Bond ETF (PGHY) and JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY). 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.
| PGHY | BBHY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.11 | 1.23 | -0.12 |
Sortino ratioReturn per unit of downside risk | 1.64 | 1.81 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.30 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.51 | 1.67 | -0.16 |
Martin ratioReturn relative to average drawdown | 6.65 | 9.00 | -2.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PGHY | BBHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 1.23 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.56 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.63 | -0.04 |
Correlation
The correlation between PGHY and BBHY is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
PGHY vs. BBHY - Dividend Comparison
PGHY's dividend yield for the trailing twelve months is around 7.16%, which matches BBHY's 7.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGHY Invesco Global Short Term High Yield Bond ETF | 7.16% | 7.24% | 7.49% | 7.87% | 5.12% | 5.17% | 5.45% | 5.32% | 5.45% | 5.52% | 6.26% | 4.60% |
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 7.13% | 7.24% | 7.18% | 6.49% | 5.92% | 4.06% | 4.73% | 4.99% | 5.02% | 4.81% | 1.42% | 0.00% |
Drawdowns
PGHY vs. BBHY - Drawdown Comparison
The maximum PGHY drawdown since its inception was -20.50%, smaller than the maximum BBHY drawdown of -24.98%. Use the drawdown chart below to compare losses from any high point for PGHY and BBHY.
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Drawdown Indicators
| PGHY | BBHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.50% | -24.98% | +4.48% |
Max Drawdown (1Y)Largest decline over 1 year | -3.57% | -3.14% | -0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -9.42% | -15.32% | +5.90% |
Max Drawdown (10Y)Largest decline over 10 years | -20.50% | — | — |
Current DrawdownCurrent decline from peak | -1.33% | -0.87% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -1.66% | -2.41% | +0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 0.80% | +0.18% |
Volatility
PGHY vs. BBHY - Volatility Comparison
Invesco Global Short Term High Yield Bond ETF (PGHY) and JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) have volatilities of 2.08% and 2.16%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGHY | BBHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.08% | 2.16% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 3.39% | 2.80% | +0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.01% | 5.72% | +0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.33% | 7.24% | -1.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.03% | 7.58% | -0.55% |