PHB vs. FSPGX
Compare and contrast key facts about Invesco Fundamental High Yield Corporate Bond ETF (PHB) and Fidelity Large Cap Growth Index Fund (FSPGX).
PHB is a passively managed fund by Invesco that tracks the performance of the RAFI Bonds US High Yield 1-10 Index. It was launched on Nov 15, 2007. FSPGX is managed by Fidelity.
Performance
PHB vs. FSPGX - Performance Comparison
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PHB vs. FSPGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHB Invesco Fundamental High Yield Corporate Bond ETF | -2.18% | 8.75% | 5.54% | 11.19% | -8.77% | 3.32% | 5.20% | 13.59% | -2.69% | 4.84% |
FSPGX Fidelity Large Cap Growth Index Fund | -13.03% | 18.54% | 33.27% | 42.77% | -29.17% | 27.57% | 38.46% | 36.38% | -1.79% | 27.70% |
Returns By Period
In the year-to-date period, PHB achieves a -2.18% return, which is significantly higher than FSPGX's -13.03% return.
PHB
- 1D
- 0.84%
- 1M
- -2.81%
- YTD
- -2.18%
- 6M
- -0.67%
- 1Y
- 4.99%
- 3Y*
- 6.52%
- 5Y*
- 3.19%
- 10Y*
- 4.63%
FSPGX
- 1D
- -0.45%
- 1M
- -8.63%
- YTD
- -13.03%
- 6M
- -12.06%
- 1Y
- 14.49%
- 3Y*
- 19.68%
- 5Y*
- 11.91%
- 10Y*
- —
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PHB vs. FSPGX - Expense Ratio Comparison
PHB has a 0.23% expense ratio, which is higher than FSPGX's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
PHB vs. FSPGX — Risk / Return Rank
PHB
FSPGX
PHB vs. FSPGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Fundamental High Yield Corporate Bond ETF (PHB) and Fidelity Large Cap Growth Index Fund (FSPGX). 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.
| PHB | FSPGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.94 | 0.66 | +0.28 |
Sortino ratioReturn per unit of downside risk | 1.34 | 1.10 | +0.23 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.15 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.22 | 0.72 | +0.50 |
Martin ratioReturn relative to average drawdown | 4.83 | 2.51 | +2.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PHB | FSPGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 0.66 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.56 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.78 | -0.50 |
Correlation
The correlation between PHB and FSPGX is 0.61, 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.
Dividends
PHB vs. FSPGX - Dividend Comparison
PHB's dividend yield for the trailing twelve months is around 5.68%, more than FSPGX's 0.40% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHB Invesco Fundamental High Yield Corporate Bond ETF | 5.68% | 5.48% | 5.69% | 4.68% | 3.52% | 3.37% | 3.90% | 4.03% | 4.44% | 4.14% | 4.58% | 4.69% |
FSPGX Fidelity Large Cap Growth Index Fund | 0.40% | 0.34% | 0.37% | 0.73% | 0.86% | 2.22% | 1.76% | 1.04% | 1.32% | 0.22% | 0.00% | 0.00% |
Drawdowns
PHB vs. FSPGX - Drawdown Comparison
The maximum PHB drawdown since its inception was -44.79%, which is greater than FSPGX's maximum drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for PHB and FSPGX.
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Drawdown Indicators
| PHB | FSPGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.79% | -32.66% | -12.13% |
Max Drawdown (1Y)Largest decline over 1 year | -4.08% | -16.17% | +12.09% |
Max Drawdown (5Y)Largest decline over 5 years | -13.76% | -32.66% | +18.90% |
Max Drawdown (10Y)Largest decline over 10 years | -21.52% | — | — |
Current DrawdownCurrent decline from peak | -3.22% | -16.17% | +12.95% |
Average DrawdownAverage peak-to-trough decline | -4.36% | -6.43% | +2.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 4.63% | -3.60% |
Volatility
PHB vs. FSPGX - Volatility Comparison
The current volatility for Invesco Fundamental High Yield Corporate Bond ETF (PHB) is 2.27%, while Fidelity Large Cap Growth Index Fund (FSPGX) has a volatility of 5.33%. This indicates that PHB experiences smaller price fluctuations and is considered to be less risky than FSPGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PHB | FSPGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.27% | 5.33% | -3.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | 11.79% | -8.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.36% | 22.32% | -16.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.33% | 21.46% | -15.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.89% | 21.63% | -14.74% |