TAXX vs. PGHY
Compare and contrast key facts about Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX) and Invesco Global Short Term High Yield Bond ETF (PGHY).
TAXX and PGHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TAXX is an actively managed fund by BondBloxx. It was launched on Mar 14, 2024. PGHY is a passively managed fund by Invesco that tracks the performance of the DB Global Short Maturity High Yield Bond Index. It was launched on Jun 20, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TAXX or PGHY.
Correlation
The correlation between TAXX and PGHY is 0.24, 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
TAXX vs. PGHY - Performance Comparison
Key characteristics
TAXX:
2.86
PGHY:
1.21
TAXX:
3.93
PGHY:
1.73
TAXX:
1.66
PGHY:
1.25
TAXX:
4.82
PGHY:
1.46
TAXX:
21.45
PGHY:
8.49
TAXX:
0.20%
PGHY:
0.86%
TAXX:
1.53%
PGHY:
6.06%
TAXX:
-0.91%
PGHY:
-20.50%
TAXX:
-0.63%
PGHY:
-2.68%
Returns By Period
The year-to-date returns for both stocks are quite close, with TAXX having a 0.57% return and PGHY slightly lower at 0.55%.
TAXX
0.57%
-0.38%
0.93%
4.39%
N/A
N/A
PGHY
0.55%
-2.34%
-0.13%
7.61%
5.21%
3.99%
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TAXX vs. PGHY - Expense Ratio Comparison
Both TAXX and PGHY have an expense ratio of 0.35%.
Risk-Adjusted Performance
TAXX vs. PGHY — Risk-Adjusted Performance Rank
TAXX
PGHY
TAXX vs. PGHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX) and Invesco Global Short Term High Yield Bond ETF (PGHY). 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
TAXX vs. PGHY - Dividend Comparison
TAXX's dividend yield for the trailing twelve months is around 3.62%, less than PGHY's 7.61% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TAXX Bondbloxx IR+M Tax-Aware Short Duration ETF | 3.62% | 2.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PGHY Invesco Global Short Term High Yield Bond ETF | 7.61% | 7.49% | 7.87% | 5.12% | 5.17% | 5.45% | 5.32% | 5.45% | 5.52% | 6.26% | 4.60% | 4.41% |
Drawdowns
TAXX vs. PGHY - Drawdown Comparison
The maximum TAXX drawdown since its inception was -0.91%, smaller than the maximum PGHY drawdown of -20.50%. Use the drawdown chart below to compare losses from any high point for TAXX and PGHY. For additional features, visit the drawdowns tool.
Volatility
TAXX vs. PGHY - Volatility Comparison
The current volatility for Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX) is 0.92%, while Invesco Global Short Term High Yield Bond ETF (PGHY) has a volatility of 3.76%. This indicates that TAXX experiences smaller price fluctuations and is considered to be less risky than PGHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.