PGHY vs VOO
Invesco Global ex US High Yield Corporate Bond ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. PGHY offers more diversification with 594 holdings.
Side-by-Side Comparison
| Metric | PGHY | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.03% | |
| AUM | $226M | $997.4B | |
| Dividend Yield | 7.18% | 1.08% | |
| Holdings | 594 | 509 | |
| YTD Return | +2.89% | +12.25% | |
| 1Y Return | +5.35% | +20.92% | |
| 3Y Return (annualized) | +8.41% | +21.79% | |
| 5Y Return (annualized) | +4.72% | +13.05% | |
| Volatility (annualized) | 5.3% | 14.1% | |
| Max Drawdown | -28.6% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 20, 2013 | Sep 7, 2010 |
PGHY vs VOO Performance
Invesco Global ex US High Yield Corporate Bond ETF (PGHY) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year PGHY returned +5.35% while VOO returned +20.92%. Year to date, PGHY is up 2.89% versus a gain of 12.25% for VOO.
Over three years, PGHY compounded at +8.41% per year against +21.79% for VOO; over five years the annualized figures are +4.72% and +13.05% respectively. Across the full 13-year window we track, VOO has the edge at +13.45% annualized vs +1.11%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 5.3% for PGHY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -28.6% for PGHY and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PGHY charges 0.35% per year while VOO charges 0.03%. On a $10,000 position that is $35 vs $3 annually, a gap of $32 per year that compounds over a long holding period. On income, PGHY currently yields 7.18% against 1.08% for VOO.
Holdings Overlap
PGHY and VOO share 0 holdings out of 897 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PGHY or VOO?
PGHY has an expense ratio of 0.35% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, PGHY or VOO?
Over the past year PGHY returned +5.35% vs +20.92% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (13 years), PGHY annualized +1.11% vs +13.45% for VOO. Past performance does not guarantee future results.
Which is riskier, PGHY or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 5.3% for PGHY. Worst drawdown: PGHY -28.6% vs VOO -34.3%.
Should I hold both PGHY and VOO?
PGHY and VOO have a monthly-return correlation of 0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PGHY and VOO?
PGHY and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 897 unique securities.
Which pays a higher dividend, PGHY or VOO?
PGHY yields 7.18% while VOO yields 1.08%, so PGHY currently pays the higher dividend yield.
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