PGHY vs. BSJS
Compare and contrast key facts about Invesco Global Short Term High Yield Bond ETF (PGHY) and Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS).
PGHY and BSJS 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. BSJS is a passively managed fund by Invesco that tracks the performance of the Nasdaq BulletSharesUSD High Yield Corporate Bond 2028 Index. It was launched on Sep 16, 2020. Both PGHY and BSJS 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 BSJS.
Key characteristics
| PGHY | BSJS | |
|---|---|---|
| YTD Return | 3.26% | 1.96% |
| 1Y Return | 11.71% | 10.94% |
| 3Y Return (Ann) | 2.33% | 0.72% |
| Sharpe Ratio | 2.25 | 1.82 |
| Daily Std Dev | 5.30% | 5.99% |
| Max Drawdown | -20.50% | -17.73% |
| Current Drawdown | -0.20% | -1.34% |
Correlation
The correlation between PGHY and BSJS is 0.49, 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.
Performance
PGHY vs. BSJS - Performance Comparison
In the year-to-date period, PGHY achieves a 3.26% return, which is significantly higher than BSJS's 1.96% 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. BSJS - Expense Ratio Comparison
PGHY has a 0.35% expense ratio, which is lower than BSJS's 0.42% expense ratio.
Risk-Adjusted Performance
PGHY vs. BSJS - 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 2028 High Yield Corporate Bond ETF (BSJS). 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. BSJS - Dividend Comparison
PGHY's dividend yield for the trailing twelve months is around 8.22%, more than BSJS's 6.82% yield.
| 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% |
BSJS Invesco BulletShares 2028 High Yield Corporate Bond ETF | 6.82% | 6.75% | 5.82% | 4.86% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PGHY vs. BSJS - Drawdown Comparison
The maximum PGHY drawdown since its inception was -20.50%, which is greater than BSJS's maximum drawdown of -17.73%. Use the drawdown chart below to compare losses from any high point for PGHY and BSJS. For additional features, visit the drawdowns tool.
Volatility
PGHY vs. BSJS - Volatility Comparison
Invesco Global Short Term High Yield Bond ETF (PGHY) and Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS) have volatilities of 1.50% and 1.56%, 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.