PHB vs. PPFIX
Compare and contrast key facts about Invesco Fundamental High Yield® Corporate Bond ETF (PHB) and Princeton Premium Fund (PPFIX).
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. PPFIX is managed by Princeton. It was launched on Nov 15, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PHB or PPFIX.
Performance
PHB vs. PPFIX - Performance Comparison
Returns By Period
In the year-to-date period, PHB achieves a 5.88% return, which is significantly higher than PPFIX's 3.49% return.
PHB
5.88%
0.59%
4.59%
9.82%
3.53%
3.93%
PPFIX
3.49%
0.67%
0.53%
0.68%
3.62%
N/A
Key characteristics
| PHB | PPFIX | |
|---|---|---|
| Sharpe Ratio | 2.30 | 0.16 |
| Sortino Ratio | 3.51 | 0.18 |
| Omega Ratio | 1.44 | 1.10 |
| Calmar Ratio | 3.80 | 0.20 |
| Martin Ratio | 15.16 | 0.39 |
| Ulcer Index | 0.65% | 1.74% |
| Daily Std Dev | 4.27% | 4.32% |
| Max Drawdown | -44.80% | -15.64% |
| Current Drawdown | -0.68% | -0.47% |
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PHB vs. PPFIX - Expense Ratio Comparison
PHB has a 0.50% expense ratio, which is lower than PPFIX's 1.95% expense ratio.
Correlation
The correlation between PHB and PPFIX is 0.20, 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.
Risk-Adjusted Performance
PHB vs. PPFIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Fundamental High Yield® Corporate Bond ETF (PHB) and Princeton Premium Fund (PPFIX). 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. PPFIX - Dividend Comparison
PHB's dividend yield for the trailing twelve months is around 5.65%, more than PPFIX's 3.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHB Invesco Fundamental High Yield® Corporate Bond ETF | 5.65% | 4.68% | 3.53% | 3.38% | 3.89% | 4.03% | 4.45% | 4.14% | 4.58% | 4.70% | 4.48% | 4.62% |
PPFIX Princeton Premium Fund | 3.64% | 3.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PHB vs. PPFIX - Drawdown Comparison
The maximum PHB drawdown since its inception was -44.80%, which is greater than PPFIX's maximum drawdown of -15.64%. Use the drawdown chart below to compare losses from any high point for PHB and PPFIX. For additional features, visit the drawdowns tool.
Volatility
PHB vs. PPFIX - Volatility Comparison
Invesco Fundamental High Yield® Corporate Bond ETF (PHB) has a higher volatility of 1.11% compared to Princeton Premium Fund (PPFIX) at 0.35%. This indicates that PHB's price experiences larger fluctuations and is considered to be riskier than PPFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.