PGHY vs. BLHY
Compare and contrast key facts about Invesco Global Short Term High Yield Bond ETF (PGHY) and Virtus Newfleet High Yield Bond ETF (BLHY).
PGHY and BLHY 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. BLHY is an actively managed fund by Virtus Investment Partners. It was launched on Dec 5, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PGHY or BLHY.
Key characteristics
| PGHY | BLHY |
|---|
Correlation
The correlation between PGHY and BLHY is 0.19, 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
PGHY vs. BLHY - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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. BLHY - Expense Ratio Comparison
PGHY has a 0.35% expense ratio, which is lower than BLHY's 0.69% expense ratio.
Risk-Adjusted Performance
PGHY vs. BLHY - 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 Virtus Newfleet High Yield Bond ETF (BLHY). 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. BLHY - Dividend Comparison
PGHY's dividend yield for the trailing twelve months is around 8.22%, while BLHY has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGHY Invesco Global Short Term High Yield Bond ETF | 8.22% | 7.87% | 5.12% | 5.18% | 5.45% | 5.32% | 5.45% | 5.52% | 6.26% | 4.60% | 4.41% | 1.90% |
BLHY Virtus Newfleet High Yield Bond ETF | 5.63% | 7.20% | 6.63% | 4.96% | 3.66% | 5.44% | 5.76% | 3.84% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PGHY vs. BLHY - Drawdown Comparison
Volatility
PGHY vs. BLHY - Volatility Comparison
Invesco Global Short Term High Yield Bond ETF (PGHY) has a higher volatility of 1.50% compared to Virtus Newfleet High Yield Bond ETF (BLHY) at 0.00%. This indicates that PGHY's price experiences larger fluctuations and is considered to be riskier than BLHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.