PGHYX vs. PGHY
Compare and contrast key facts about Pioneer Global High Yield Fund (PGHYX) and Invesco Global Short Term High Yield Bond ETF (PGHY).
PGHYX is managed by Amundi US. It was launched on Aug 27, 2001. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PGHYX or PGHY.
Correlation
The correlation between PGHYX and PGHY is 0.24, 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
PGHYX vs. PGHY - Performance Comparison
Key characteristics
Returns By Period
PGHYX
N/A
N/A
N/A
N/A
N/A
N/A
PGHY
2.49%
0.25%
3.43%
8.57%
3.72%
4.39%
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PGHYX vs. PGHY - Expense Ratio Comparison
PGHYX has a 1.14% expense ratio, which is higher than PGHY's 0.35% expense ratio.
Risk-Adjusted Performance
PGHYX vs. PGHY — Risk-Adjusted Performance Rank
PGHYX
PGHY
PGHYX vs. PGHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Global High Yield Fund (PGHYX) and Invesco Global Short Term High Yield Bond ETF (PGHY). 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
PGHYX vs. PGHY - Dividend Comparison
PGHYX has not paid dividends to shareholders, while PGHY's dividend yield for the trailing twelve months is around 6.75%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGHYX Pioneer Global High Yield Fund | 0.00% | 0.00% | 5.00% | 4.72% | 3.82% | 4.66% | 4.51% | 4.82% | 4.39% | 5.10% | 5.59% | 5.85% |
PGHY Invesco Global Short Term High Yield Bond ETF | 6.75% | 7.50% | 7.86% | 5.12% | 5.18% | 5.45% | 5.33% | 5.45% | 5.52% | 6.26% | 4.59% | 4.40% |
Drawdowns
PGHYX vs. PGHY - Drawdown Comparison
Volatility
PGHYX vs. PGHY - Volatility Comparison
The current volatility for Pioneer Global High Yield Fund (PGHYX) is 0.00%, while Invesco Global Short Term High Yield Bond ETF (PGHY) has a volatility of 2.19%. This indicates that PGHYX experiences smaller price fluctuations and is considered to be less risky than PGHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.