PHB vs. VWEHX
Compare and contrast key facts about Invesco Fundamental High Yield® Corporate Bond ETF (PHB) and Vanguard High-Yield Corporate Fund Investor Shares (VWEHX).
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. VWEHX is managed by Vanguard. It was launched on Dec 27, 1978.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PHB or VWEHX.
Key characteristics
| PHB | VWEHX | |
|---|---|---|
| YTD Return | 5.60% | 5.51% |
| 1Y Return | 12.32% | 12.24% |
| 3Y Return (Ann) | 2.32% | 2.41% |
| 5Y Return (Ann) | 3.52% | 3.77% |
| 10Y Return (Ann) | 3.90% | 4.40% |
| Sharpe Ratio | 2.62 | 2.76 |
| Daily Std Dev | 4.89% | 4.36% |
| Max Drawdown | -44.79% | -30.17% |
| Current Drawdown | -0.05% | 0.00% |
Correlation
The correlation between PHB and VWEHX is 0.47, 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.
Performance
PHB vs. VWEHX - Performance Comparison
The year-to-date returns for both stocks are quite close, with PHB having a 5.60% return and VWEHX slightly lower at 5.51%. Over the past 10 years, PHB has underperformed VWEHX with an annualized return of 3.90%, while VWEHX has yielded a comparatively higher 4.40% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PHB vs. VWEHX - Expense Ratio Comparison
PHB has a 0.50% expense ratio, which is higher than VWEHX's 0.23% expense ratio.
Risk-Adjusted Performance
PHB vs. VWEHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Fundamental High Yield® Corporate Bond ETF (PHB) and Vanguard High-Yield Corporate Fund Investor Shares (VWEHX). 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. VWEHX - Dividend Comparison
PHB's dividend yield for the trailing twelve months is around 5.46%, less than VWEHX's 5.92% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHB Invesco Fundamental High Yield® Corporate Bond ETF | 5.46% | 4.68% | 3.52% | 3.37% | 3.90% | 4.03% | 4.44% | 4.14% | 4.58% | 4.69% | 4.48% | 4.63% |
VWEHX Vanguard High-Yield Corporate Fund Investor Shares | 5.92% | 5.69% | 5.11% | 4.13% | 4.62% | 5.24% | 5.93% | 5.28% | 5.43% | 5.91% | 5.59% | 5.79% |
Drawdowns
PHB vs. VWEHX - Drawdown Comparison
The maximum PHB drawdown since its inception was -44.79%, which is greater than VWEHX's maximum drawdown of -30.17%. Use the drawdown chart below to compare losses from any high point for PHB and VWEHX. For additional features, visit the drawdowns tool.
Volatility
PHB vs. VWEHX - Volatility Comparison
Invesco Fundamental High Yield® Corporate Bond ETF (PHB) has a higher volatility of 0.90% compared to Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) at 0.55%. This indicates that PHB's price experiences larger fluctuations and is considered to be riskier than VWEHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.