PPFIX vs. PHB
Compare and contrast key facts about Princeton Premium Fund (PPFIX) and Invesco Fundamental High Yield® Corporate Bond ETF (PHB).
PPFIX is managed by Princeton. It was launched on Nov 15, 2016. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PPFIX or PHB.
Key characteristics
| PPFIX | PHB | |
|---|---|---|
| YTD Return | 3.23% | 5.78% |
| 1Y Return | 0.60% | 11.39% |
| 3Y Return (Ann) | 0.54% | 2.55% |
| 5Y Return (Ann) | 3.61% | 3.52% |
| Sharpe Ratio | 0.14 | 2.58 |
| Sortino Ratio | 0.16 | 3.99 |
| Omega Ratio | 1.09 | 1.50 |
| Calmar Ratio | 0.18 | 2.91 |
| Martin Ratio | 0.34 | 17.75 |
| Ulcer Index | 1.74% | 0.63% |
| Daily Std Dev | 4.32% | 4.36% |
| Max Drawdown | -15.64% | -44.79% |
| Current Drawdown | -0.72% | -0.78% |
Correlation
The correlation between PPFIX and PHB is 0.21, 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.
Performance
PPFIX vs. PHB - Performance Comparison
In the year-to-date period, PPFIX achieves a 3.23% return, which is significantly lower than PHB's 5.78% 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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PPFIX vs. PHB - Expense Ratio Comparison
PPFIX has a 1.95% expense ratio, which is higher than PHB's 0.50% expense ratio.
Risk-Adjusted Performance
PPFIX vs. PHB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Princeton Premium Fund (PPFIX) and Invesco Fundamental High Yield® Corporate Bond ETF (PHB). 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
PPFIX vs. PHB - Dividend Comparison
PPFIX's dividend yield for the trailing twelve months is around 3.65%, less than PHB's 5.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PPFIX Princeton Premium Fund | 3.65% | 3.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PHB Invesco Fundamental High Yield® Corporate Bond ETF | 5.56% | 4.68% | 3.53% | 3.38% | 3.89% | 4.03% | 4.45% | 4.14% | 4.58% | 4.70% | 4.48% | 4.62% |
Drawdowns
PPFIX vs. PHB - Drawdown Comparison
The maximum PPFIX drawdown since its inception was -15.64%, smaller than the maximum PHB drawdown of -44.79%. Use the drawdown chart below to compare losses from any high point for PPFIX and PHB. For additional features, visit the drawdowns tool.
Volatility
PPFIX vs. PHB - Volatility Comparison
The current volatility for Princeton Premium Fund (PPFIX) is 0.33%, while Invesco Fundamental High Yield® Corporate Bond ETF (PHB) has a volatility of 1.23%. This indicates that PPFIX experiences smaller price fluctuations and is considered to be less risky than PHB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.