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ETFs

Invesco Fundamental High Yield Corporate Bond ETF

PHB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 15 2007
Expense Ratio
0.50%
Type
US Bonds
Fund Owner
Invesco
Volume (1m avg. daily)
$1,399,032
AUM
$527,880,053
Associated Index
RAFI Bonds US High Yield 1-10 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

SYF33
Synchrony Financial - 7.25% NT REDEEM 02/02/2033 USD 2000
2.00%
UAL4831604
United Airlines Holdings Inc
1.85%
F/25N
Ford Motor Credit Company LLC - 3.375% NT REDEEM 13/11/2025 USD 200000
1.77%
F32B
Ford Motor Co. - 3.25% NT REDEEM 12/02/2032 USD 2000
1.77%
FCX30A
Freeport-McMoRan Inc - 4.625% NT REDEEM 01/08/2030 USD 2000
1.56%
TDG27
TransDigm Inc. - 5.50% NT REDEEM 15/11/2027 USD
1.50%
WDCD
Western Digital 4.75 % Notes 2018-15.02.26 Gtd Global
1.50%
CHTR4885914
CCO Holdings LLC / CCO Holdings Capital Corp
1.49%
CHTR4427724
Charter Communications Operating LLC / Charter Communication
1.49%
AES/25
DPL Inc. - 4.125% NT REDEEM 01/07/2025 USD 2000 - 233293AR0
1.36%
Invest with PHB

What is PHB?

The Invesco Fundamental High Yield Corporate Bond ETF (Fund) is based on the RAFI Bonds US High Yield 1-10 Index (Index). The Fund will normally invest at least 80% of its total assets in high-yield corporate bonds that comprise the Index. The Index is comprised of US dollar-denominated bonds that are registered with the SEC or that are Rule 144A securities that provide for registration rights and whose issuers are public companies listed on a major US stock exchange. Only investible non-convertible, non-exchangeable, non-zero, fixed coupon high-yield corporate bonds qualify for inclusion in the Index. Based on the Fundamental Index methodology developed by Research Affiliates, LLC, the Index is compiled and calculated by ALM Research Solutions, LLC. The Fund and the Index are rebalanced monthly and reconstituted annually in March.

ETFs related toPHB

ETFs correlated to PHB include HYBB, HYDW, HYG

PHB
Invesco Capital Management LLC - Invesco Fundamental High Yield Corporate Bond ETF
HYBB
iShares Trust - iShares BB Rated Corporate Bond ETF
HYDW
DBX ETF Trust - Xtrackers Low Beta High Yield Bond ETF
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
HYDB
BlackRock Institutional Trust Company N.A. - iShares High Yield Bond Factor ETF
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
BBHY
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders USD High Yield Corporate Bond ETF
HYGV
FlexShares Trust - FlexShares High Yield Value Scored Bond Index 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 toPHB

#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 PHB using Composer

FAQ

PHB is a US Bonds ETF. The Invesco Fundamental High Yield Corporate Bond ETF (Fund) is based on the RAFI Bonds US High Yield 1-10 Index (Index). The Fund will normally invest at least 80% of its total assets in high-yield corporate bonds that comprise the Index. The Index is comprised of US dollar-denominated bonds that are registered with the SEC or that are Rule 144A securities that provide for registration rights and whose issuers are public companies listed on a major US stock exchange. Only investible non-convertible, non-exchangeable, non-zero, fixed coupon high-yield corporate bonds qualify for inclusion in the Index. Based on the Fundamental Index methodology developed by Research Affiliates, LLC, the Index is compiled and calculated by ALM Research Solutions, LLC. The Fund and the Index are rebalanced monthly and reconstituted annually in March.

PHB tracks the RAFI Bonds US High Yield 1-10 Index.

No, PHB 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, PHB 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 PHB is -0.0013%. This is the percent change in the value of PHB over the most recent 1-month period. The 3-month return on PHB is 0.0003%. This is the percent change in the value of PHB over the most recent 3-month period.

The standard deviation of PHB for the past year is 0.082%. 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 PHB include IGSB, SPIB, and VCIT.

ETFs correlated to PHB include HYBB, HYDW, and HYG.

ETFs that are inversely correlated to PHB include SJB, SPXU, and SPXS.

Disclaimers

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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.