PGHY vs. MYHA
PGHY (Invesco Global Short Term High Yield Bond ETF) and MYHA (State Street My2027 High Yield Corporate Bond ETF) are both High Yield Bonds funds. PGHY is passively managed, while MYHA is actively managed. A 0.66 correlation means they provide meaningful diversification when combined. PGHY charges 0.35%/yr vs 0.39%/yr for MYHA.
Performance
PGHY vs. MYHA - Performance Comparison
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Returns By Period
PGHY
- 1D
- 0.10%
- 1M
- 0.47%
- 6M
- 2.54%
- YTD
- 2.98%
- 1Y
- 6.63%
- 3Y*
- 8.55%
- 5Y*
- 4.61%
- 10Y*
- 4.21%
MYHA
- 1D
- 0.07%
- 1M
- 0.28%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PGHY vs. MYHA - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
PGHY Invesco Global Short Term High Yield Bond ETF | 1.63% |
MYHA State Street My2027 High Yield Corporate Bond ETF | 1.57% |
Correlation
The correlation between PGHY and MYHA is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 26, 2026 | 0.66 |
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Return for Risk
PGHY vs. MYHA — Risk / Return Rank
PGHY
MYHA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PGHY vs. MYHA - 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 State Street My2027 High Yield Corporate Bond ETF (MYHA). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PGHY | MYHA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.23 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | — | — |
| Martin ratioReturn relative to average drawdown | 8.37 | — | — |
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Drawdowns
PGHY vs. MYHA - Drawdown Comparison
The maximum PGHY drawdown since its inception was -20.50%, which is greater than MYHA's maximum drawdown of -0.69%. Use the drawdown chart below to compare losses from any high point for PGHY and MYHA.
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Drawdown Indicators
| PGHY | MYHA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.50% | -0.69% | -19.81% |
Max Drawdown (1Y)Largest decline over 1 year | -3.04% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -5.03% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -9.38% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -20.50% | — | — |
Current DrawdownCurrent decline from peak | -0.13% | 0.00% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -1.63% | -0.11% | -1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | — | — |
Volatility
PGHY vs. MYHA - Volatility Comparison
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Volatility by Period
| PGHY | MYHA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.89% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.13% | 1.83% | +3.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.49% | 1.83% | +3.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.01% | 1.83% | +5.18% |
PGHY vs. MYHA - Expense Ratio Comparison
PGHY has a 0.35% expense ratio, which is lower than MYHA's 0.39% expense ratio.
Dividends
PGHY vs. MYHA - Dividend Comparison
PGHY's dividend yield for the trailing twelve months is around 7.10%, more than MYHA's 2.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MYHA State Street My2027 High Yield Corporate Bond ETF | 2.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PGHY Invesco Global Short Term High Yield Bond ETF | 7.10% | 7.24% | 7.49% | 7.87% | 5.12% | 5.17% | 5.45% | 5.32% | 5.45% | 5.52% | 6.26% | 4.60% |
Frequently Asked Questions
PGHY and MYHA have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PGHY is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PGHY is cheaper with a 0.35% expense ratio, compared with 0.39% for MYHA.
PGHY has the higher dividend yield at 7.10%, compared with 2.06% for MYHA.
They also come from different issuers: Invesco and State Street. Their fees differ too: 0.35% for PGHY and 0.39% for MYHA.
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