PHB vs. SCHZ
Compare and contrast key facts about Invesco Fundamental High Yield® Corporate Bond ETF (PHB) and Schwab U.S. Aggregate Bond ETF (SCHZ).
PHB and SCHZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. SCHZ is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Aggregate. It was launched on Jul 14, 2011. Both PHB and SCHZ 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: PHB or SCHZ.
Performance
PHB vs. SCHZ - Performance Comparison
Returns By Period
In the year-to-date period, PHB achieves a 5.88% return, which is significantly higher than SCHZ's 3.57% return. Over the past 10 years, PHB has outperformed SCHZ with an annualized return of 3.93%, while SCHZ has yielded a comparatively lower 2.84% annualized return.
PHB
5.88%
0.26%
4.94%
9.82%
3.53%
3.93%
SCHZ
3.57%
-0.82%
4.27%
8.44%
1.43%
2.84%
Key characteristics
| PHB | SCHZ | |
|---|---|---|
| Sharpe Ratio | 2.34 | 1.43 |
| Sortino Ratio | 3.57 | 2.14 |
| Omega Ratio | 1.45 | 1.25 |
| Calmar Ratio | 3.87 | 0.76 |
| Martin Ratio | 15.48 | 5.43 |
| Ulcer Index | 0.65% | 1.57% |
| Daily Std Dev | 4.27% | 5.96% |
| Max Drawdown | -44.80% | -16.93% |
| Current Drawdown | -0.68% | -3.33% |
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PHB vs. SCHZ - Expense Ratio Comparison
PHB has a 0.50% expense ratio, which is higher than SCHZ's 0.04% expense ratio.
Correlation
The correlation between PHB and SCHZ is 0.19, 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. SCHZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Fundamental High Yield® Corporate Bond ETF (PHB) and Schwab U.S. Aggregate Bond ETF (SCHZ). 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. SCHZ - Dividend Comparison
PHB's dividend yield for the trailing twelve months is around 5.65%, more than SCHZ's 4.81% 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% |
SCHZ Schwab U.S. Aggregate Bond ETF | 4.81% | 4.60% | 4.17% | 3.97% | 3.44% | 4.42% | 3.47% | 3.60% | 3.36% | 2.80% | 2.70% | 3.18% |
Drawdowns
PHB vs. SCHZ - Drawdown Comparison
The maximum PHB drawdown since its inception was -44.80%, which is greater than SCHZ's maximum drawdown of -16.93%. Use the drawdown chart below to compare losses from any high point for PHB and SCHZ. For additional features, visit the drawdowns tool.
Volatility
PHB vs. SCHZ - Volatility Comparison
The current volatility for Invesco Fundamental High Yield® Corporate Bond ETF (PHB) is 1.13%, while Schwab U.S. Aggregate Bond ETF (SCHZ) has a volatility of 1.48%. This indicates that PHB experiences smaller price fluctuations and is considered to be less risky than SCHZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.