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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PHB or FSPGX.
Performance
PHB vs. FSPGX - Performance Comparison
Returns By Period
In the year-to-date period, PHB achieves a 5.66% return, which is significantly lower than FSPGX's 28.51% return.
PHB
5.66%
-0.40%
4.03%
10.13%
3.52%
3.93%
FSPGX
28.51%
1.23%
13.40%
35.67%
19.06%
N/A
Key characteristics
| PHB | FSPGX | |
|---|---|---|
| Sharpe Ratio | 2.49 | 2.14 |
| Sortino Ratio | 3.79 | 2.80 |
| Omega Ratio | 1.48 | 1.39 |
| Calmar Ratio | 3.49 | 2.74 |
| Martin Ratio | 16.61 | 10.76 |
| Ulcer Index | 0.64% | 3.35% |
| Daily Std Dev | 4.28% | 16.80% |
| Max Drawdown | -44.79% | -32.66% |
| Current Drawdown | -0.89% | -2.79% |
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PHB vs. FSPGX - Expense Ratio Comparison
PHB has a 0.50% expense ratio, which is higher than FSPGX's 0.04% expense ratio.
Correlation
The correlation between PHB and FSPGX is 0.62, 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.
Risk-Adjusted Performance
PHB vs. FSPGX - Risk-Adjusted Performance 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.
Dividends
PHB vs. FSPGX - Dividend Comparison
PHB's dividend yield for the trailing twelve months is around 5.57%, more than FSPGX's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHB Invesco Fundamental High Yield® Corporate Bond ETF | 5.57% | 4.68% | 3.53% | 3.38% | 3.89% | 4.03% | 4.45% | 4.14% | 4.58% | 4.70% | 4.48% | 4.62% |
FSPGX Fidelity Large Cap Growth Index Fund | 0.43% | 0.73% | 0.86% | 0.54% | 0.74% | 0.99% | 1.14% | 0.99% | 0.30% | 0.00% | 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. For additional features, visit the drawdowns tool.
Volatility
PHB vs. FSPGX - Volatility Comparison
The current volatility for Invesco Fundamental High Yield® Corporate Bond ETF (PHB) is 1.22%, while Fidelity Large Cap Growth Index Fund (FSPGX) has a volatility of 5.50%. 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.