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ETFs

Invesco Global ex-US High Yield Corporate Bond ETF

PGHY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 20 2013
Expense Ratio
0.35%
Type
Global Bonds
Fund Owner
Invesco
Volume (1m avg. daily)
$3,268,052
AUM
$167,022,274
Associated Index
ICE USD Global High Yield Excluding US Issuers Constrained Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Industrial & Commercial Bank of China Ltd
1.51%
n/a
Bank of Communications Co Ltd
0.74%
n/a
1011778 BC ULC / New Red Finance Inc
0.65%
TFAB
Teva Pharma Fin 3.15 % Notes 2016-01.10.26 Gtd Global
0.57%
VOD79
Vodafone Group plc - FXDFR CS REDEEM 04/04/2079 USD 1000
0.54%
n/a
Connect Finco SARL / Connect US Finco LLC
0.53%
n/a
Bombardier Inc
0.51%
n/a
Global Aircraft Leasing Co Ltd
0.50%
n/a
Altice France SA/France
0.48%
n/a
SoftBank Group Corp
0.46%
Invest with PGHY

What is PGHY?

The Invesco Global ex-US High Yield Corporate Bond ETF (Fund) is based on the ICE USD Global High Yield Excluding US Issuers Constrained Index (Index). The Fund generally will invest at least 80% of its total assets in the components that comprise the Index, all of which are denominated in US dollars. The Index is composed of U.S. dollar denominated below investment grade corporate debt publicly issued in the U.S. domestic and eurobond markets by non-U.S. issuers.

ETFs related toPGHY

ETFs correlated to PGHY include HYDB, HYLB, JNK

PGHY
Invesco Capital Management LLC - Invesco Global ex-US High Yield Corporate Bond ETF
HYDB
BlackRock Institutional Trust Company N.A. - iShares High Yield Bond Factor ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
SHYG
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year High Yield Corporate Bond ETF
BBHY
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders USD High Yield Corporate Bond ETF
EMHY
BlackRock Institutional Trust Company N.A. - iShares J.P. Morgan EM High Yield Bond ETF
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
SJNK
SPDR Series Trust - SPDR Bloomberg Short Term High Yield Bond ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares

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 Global Bonds ETF. The Invesco Global ex-US High Yield Corporate Bond ETF (Fund) is based on the ICE USD Global High Yield Excluding US Issuers Constrained Index (Index). The Fund generally will invest at least 80% of its total assets in the components that comprise the Index, all of which are denominated in US dollars. The Index is composed of U.S. dollar denominated below investment grade corporate debt publicly issued in the U.S. domestic and eurobond markets by non-U.S. issuers.

PGHY tracks the ICE USD Global High Yield Excluding US Issuers Constrained 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 0.0015%. This is the percent change in the value of PGHY over the most recent 1-month period. The 3-month return on PGHY is 0.0155%. 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 0.058%. 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 IGSB, SPIB, and VCIT.

ETFs correlated to PGHY include HYDB, HYLB, and JNK.

ETFs that are inversely correlated to PGHY include SJB, EFZ, and SPXU.

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.