Correlation
The correlation between PHB and SCHZ is -0.08. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
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
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Key characteristics
PHB:
1.43
SCHZ:
1.09
PHB:
2.04
SCHZ:
1.60
PHB:
1.30
SCHZ:
1.19
PHB:
1.97
SCHZ:
0.47
PHB:
9.01
SCHZ:
2.66
PHB:
0.86%
SCHZ:
2.20%
PHB:
5.46%
SCHZ:
5.36%
PHB:
-44.79%
SCHZ:
-18.74%
PHB:
0.00%
SCHZ:
-7.01%
Returns By Period
In the year-to-date period, PHB achieves a 3.04% return, which is significantly higher than SCHZ's 2.54% return. Over the past 10 years, PHB has outperformed SCHZ with an annualized return of 4.03%, while SCHZ has yielded a comparatively lower 1.49% annualized return.
PHB
3.04%
1.28%
1.86%
7.72%
5.63%
4.63%
4.03%
SCHZ
2.54%
-0.70%
0.70%
5.82%
1.48%
-1.00%
1.49%
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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.
Risk-Adjusted Performance
PHB vs. SCHZ — Risk-Adjusted Performance Rank
PHB
SCHZ
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.
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Dividends
PHB vs. SCHZ - Dividend Comparison
PHB's dividend yield for the trailing twelve months is around 5.83%, more than SCHZ's 4.03% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHB Invesco Fundamental High Yield® Corporate Bond ETF | 5.83% | 5.69% | 4.68% | 3.52% | 3.37% | 3.90% | 4.03% | 4.44% | 4.14% | 4.58% | 4.69% | 4.48% |
SCHZ Schwab U.S. Aggregate Bond ETF | 4.03% | 3.96% | 3.28% | 2.63% | 2.16% | 2.43% | 2.79% | 2.79% | 2.40% | 2.24% | 2.11% | 2.03% |
Drawdowns
PHB vs. SCHZ - Drawdown Comparison
The maximum PHB drawdown since its inception was -44.79%, which is greater than SCHZ's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for PHB and SCHZ.
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Volatility
PHB vs. SCHZ - Volatility Comparison
Invesco Fundamental High Yield® Corporate Bond ETF (PHB) and Schwab U.S. Aggregate Bond ETF (SCHZ) have volatilities of 1.47% and 1.45%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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