PGHY vs. SNLN
Compare and contrast key facts about Invesco Global Short Term High Yield Bond ETF (PGHY) and Highland iBoxx Senior Loan ETF (SNLN).
PGHY and SNLN 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. SNLN is a passively managed fund by Highland Capital Management that tracks the performance of the Markit iBoxx USD Liquid Leveraged Loan Index. It was launched on Nov 8, 2012. Both PGHY and SNLN 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 SNLN.
Correlation
The correlation between PGHY and SNLN is 0.16, 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. SNLN - Performance Comparison
Key characteristics
Returns By Period
PGHY
-0.65%
-3.54%
-1.45%
4.61%
5.63%
3.91%
SNLN
N/A
N/A
N/A
N/A
N/A
N/A
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PGHY vs. SNLN - Expense Ratio Comparison
PGHY has a 0.35% expense ratio, which is lower than SNLN's 0.75% expense ratio.
Risk-Adjusted Performance
PGHY vs. SNLN — Risk-Adjusted Performance Rank
PGHY
SNLN
PGHY vs. SNLN - 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 Highland iBoxx Senior Loan ETF (SNLN). 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. SNLN - Dividend Comparison
PGHY's dividend yield for the trailing twelve months is around 7.70%, while SNLN has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGHY Invesco Global Short Term High Yield Bond ETF | 7.70% | 7.49% | 7.87% | 5.12% | 5.17% | 5.45% | 5.32% | 5.45% | 5.52% | 6.26% | 4.60% | 4.41% |
SNLN Highland iBoxx Senior Loan ETF | 0.00% | 0.00% | 8.22% | 4.88% | 2.83% | 3.21% | 4.72% | 5.03% | 4.75% | 4.36% | 4.36% | 4.41% |
Drawdowns
PGHY vs. SNLN - Drawdown Comparison
Volatility
PGHY vs. SNLN - Volatility Comparison
Invesco Global Short Term High Yield Bond ETF (PGHY) has a higher volatility of 2.65% compared to Highland iBoxx Senior Loan ETF (SNLN) at 0.00%. This indicates that PGHY's price experiences larger fluctuations and is considered to be riskier than SNLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.