PGHY vs. BSJO
Compare and contrast key facts about Invesco Global Short Term High Yield Bond ETF (PGHY) and Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO).
PGHY and BSJO 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. BSJO is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD High Yield Corporate Bond 2024 TR Index. It was launched on Sep 14, 2016. Both PGHY and BSJO 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 BSJO.
Key characteristics
| PGHY | BSJO | |
|---|---|---|
| YTD Return | 9.10% | 4.51% |
| 1Y Return | 16.78% | 7.18% |
| 3Y Return (Ann) | 4.30% | 2.16% |
| 5Y Return (Ann) | 3.64% | 3.04% |
| Sharpe Ratio | 3.36 | 4.70 |
| Sortino Ratio | 5.28 | 8.34 |
| Omega Ratio | 1.68 | 2.33 |
| Calmar Ratio | 3.84 | 4.26 |
| Martin Ratio | 34.58 | 76.93 |
| Ulcer Index | 0.47% | 0.09% |
| Daily Std Dev | 4.79% | 1.52% |
| Max Drawdown | -20.50% | -21.98% |
| Current Drawdown | -0.37% | -0.13% |
Correlation
The correlation between PGHY and BSJO is 0.32, 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. BSJO - Performance Comparison
In the year-to-date period, PGHY achieves a 9.10% return, which is significantly higher than BSJO's 4.51% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PGHY vs. BSJO - Expense Ratio Comparison
PGHY has a 0.35% expense ratio, which is lower than BSJO's 0.42% expense ratio.
Risk-Adjusted Performance
PGHY vs. BSJO - 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 Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO). 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. BSJO - Dividend Comparison
PGHY's dividend yield for the trailing twelve months is around 7.56%, more than BSJO's 5.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGHY Invesco Global Short Term High Yield Bond ETF | 7.56% | 7.87% | 5.12% | 5.18% | 5.45% | 5.32% | 5.45% | 5.52% | 6.26% | 4.60% | 4.41% | 1.90% |
BSJO Invesco BulletShares 2024 High Yield Corporate Bond ETF | 5.90% | 6.05% | 4.89% | 4.05% | 4.51% | 5.11% | 5.69% | 4.87% | 1.39% | 0.00% | 0.00% | 0.00% |
Drawdowns
PGHY vs. BSJO - Drawdown Comparison
The maximum PGHY drawdown since its inception was -20.50%, smaller than the maximum BSJO drawdown of -21.98%. Use the drawdown chart below to compare losses from any high point for PGHY and BSJO. For additional features, visit the drawdowns tool.
Volatility
PGHY vs. BSJO - Volatility Comparison
Invesco Global Short Term High Yield Bond ETF (PGHY) has a higher volatility of 0.85% compared to Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO) at 0.30%. This indicates that PGHY's price experiences larger fluctuations and is considered to be riskier than BSJO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.