Skip to Content
ETFs

Invesco Global Short Term High Yield Bond ETF

PGHY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 20 2013
Expense Ratio
0.35%
Type
US Bonds
Fund Owner
Invesco
Volume (1m avg. daily)
$1,657,005
AUM
$163,539,441
Associated Index
DB Global Short Maturity High Yield Bond Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

AGPXX
Short-Term Investment Trust - AIM Short Term Investments Trust Govt & Agency Portfolio Inst Class
1.06%
n/a
EG GLOBAL FINANCE PLC
0.53%
n/a
JAGUAR LAND ROVER AUTOMO
0.53%
n/a
RollsRoyce PLC
0.49%
n/a
PRECISION DRILLING CORP
0.43%
n/a
Bahrain Government International Bond
0.42%
n/a
Empire Communities Corp
0.41%
MEOH4184376
METHANEX CORP
0.38%
n/a
Banco Nacional de Desenvolvimento Economico e Social
0.37%
n/a
Ardshinbank CJSC Via Dilijan Finance BV
0.37%
Invest with PGHY

What is PGHY?

The Invesco Global Short Term High Yield Bond ETF (Fund) is based on the DB Global Short Maturity High Yield Bond Index (Index). The Fund generally will invest at least 80% of its total assets in US and foreign short-term, non-investment grade bonds that comprise the Index, all of which are denominated in US dollars. The Fund does not purchase all of the securities in the Index; instead, the Fund utilizes a sampling methodology to seek to achieve its investment objective. The Fund and the Index are rebalanced quarterly and re-weighted annually.

ETFs related toPGHY

ETFs correlated to PGHY include EMHY, HYDB, HYG

PGHY
Invesco Capital Management LLC - Invesco Global Short Term High Yield Bond ETF
EMHY
BlackRock Institutional Trust Company N.A. - iShares J.P. Morgan EM High Yield Bond ETF
HYDB
BlackRock Institutional Trust Company N.A. - iShares High Yield Bond Factor ETF
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
VWOB
Vanguard Group, Inc. - Vanguard Emerging Markets Government Bond ETF
SHYG
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year High Yield Corporate Bond ETF
HYS
Pimco Exchange Traded Fund - PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
YLD
Principal Exchange-Traded Funds - Principal Active High Yield ETF
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toPGHY

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with PGHY using Composer

FAQ

PGHY is a US Bonds ETF. The Invesco Global Short Term High Yield Bond ETF (Fund) is based on the DB Global Short Maturity High Yield Bond Index (Index). The Fund generally will invest at least 80% of its total assets in US and foreign short-term, non-investment grade bonds that comprise the Index, all of which are denominated in US dollars. The Fund does not purchase all of the securities in the Index; instead, the Fund utilizes a sampling methodology to seek to achieve its investment objective. The Fund and the Index are rebalanced quarterly and re-weighted annually.

PGHY tracks the DB Global Short Maturity High Yield Bond Index.

No, PGHY is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, PGHY is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PGHY is -0.0037%. This is the percent change in the value of PGHY over the most recent 1-month period. The 3-month return on PGHY is -0.0035%. This is the percent change in the value of PGHY over the most recent 3-month period.

The standard deviation of PGHY for the past year is 0.0605%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to PGHY include LQD, SPIB, and USIG.

ETFs correlated to PGHY include EMHY, HYDB, and HYG.

ETFs that are inversely correlated to PGHY include SJB, HIBS, and SRTY.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.