Invesco Global Short Term High Yield Bond ETF (PGHY) Performance
PGHY total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −0.0% since Dec 31, 2025
- 1 year
- +1.2% total return
- 5 years
- +4.1% a year
- 10 years
- +3.6% a year
- Since first price
- +3.9% a year since 2013
PGHY trailing returns vs AGG, TLT, SPY
| Period | PGHY total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | −2.4% | −3.0% | +0.9% | +1.5% | −1.0% |
| 3 months | −2.8% | −4.5% | −0.4% | −1.0% | +3.2% |
| 6 months | −1.9% | −5.2% | −1.5% | −3.8% | +7.8% |
| YTD | −0.0% | −5.7% | −1.0% | −3.4% | +12.3% |
| 1 year | +1.2% | −5.7% | −1.1% | −6.9% | +14.4% |
| 3 years | +26.4%+8.1%/yr | +1.5% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | +22.4%+4.1%/yr | −13.2% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| 10 years | +42.8%+3.6%/yr | −22.6% | +14.0%+1.3%/yr | −18.7%−2.0%/yr | +315.9%+15.3%/yr |
| Since inceptionJun 21, 2013 | +66.1%+3.9%/yr | −23.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: PGHY vs AGG
From Jun 21, 2013: PGHY grew to $16,606, AGG to $12,942.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PGHY returns by calendar year
10 of 12 full years positive. Best 2016 (+13.7%), worst 2022 (−5.5%). 2026 is year to date.
PGHY annual returns table
| Year | PGHY | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −0.0% | −3.5% | −1.0% | −3.4% | +12.3% |
| 2025 | +8.9% | −5.0% | +7.2% | +4.3% | +17.7% |
| 2024 | +8.4% | −1.9% | +1.3% | −8.1% | +24.9% |
| 2023 | +10.2% | −3.1% | +5.7% | +2.8% | +26.2% |
| 2022 | −5.5% | −8.4% | −13.0% | −31.2% | −18.2% |
| 2021 | +1.2% | −1.7% | −1.8% | −4.6% | +28.7% |
| 2020 | +3.0% | −20.5% | +7.5% | +18.2% | +18.3% |
| 2019 | +5.9% | −1.3% | +8.5% | +14.1% | +31.2% |
| 2018 | +0.4% | −1.8% | +0.1% | −1.6% | −4.6% |
| 2017 | +3.0% | −1.3% | +3.6% | +9.2% | +21.7% |
| 2016 | +13.7% | −3.6% | +2.4% | +1.2% | +12.0% |
| 2015 | +2.9% | −3.3% | +0.5% | −1.8% | +1.2% |
| 2014 | −2.8% | −5.3% | +6.0% | +27.3% | +13.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
PGHY largest drawdowns
Now 3.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 11, 2020 | −20.5% | Mar 18, 2020 | Nov 24, 2020 | 36 days | 9 months |
| Jul 15, 2021 | −9.4% | Jul 13, 2022 | Nov 28, 2023 | 12 months | 2.4 years |
| Nov 6, 2015 | −5.6% | Feb 11, 2016 | Mar 16, 2016 | 3 months | 4 months |
| Jun 16, 2014 | −5.3% | Dec 16, 2014 | Nov 6, 2015 | 6 months | 1.4 years |
| Feb 28, 2025 | −5.0% | Apr 8, 2025 | May 28, 2025 | 39 days | 3 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
PGHY risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2013 |
|---|---|---|---|---|
| Annualized return | +8.0% | +4.3% | +3.8% | +3.9% |
| Volatility (annualized) | 4.9% | 4.9% | 5.6% | 5.3% |
| Sharpe ratio | 0.73 | 0.16 | 0.29 | 0.44 |
| Sortino ratio | 1.17 | 0.24 | 0.36 | 0.57 |
| Best month | +4.0% | +4.0% | +4.2% | +4.2% |
| Worst month | −2.5% | −3.6% | −11.6% | −11.6% |
| Best 12 months | +16.1% | +16.1% | +18.2% | +18.2% |
| Worst 12 months | +2.5% | −8.4% | −10.7% | −10.7% |
| Positive months | 72% | 60% | 66% | 65% |
| Beta vs S&P 500 | 0.29 | 0.21 | 0.25 | — |
| Correlation with S&P 500 | 0.75 | 0.67 | 0.67 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
PGHY rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 149 | −10.7% | +4.2% | +18.2% | 81% |
| 3-year (a year) | 125 | −1.9% | +3.9% | +9.6% | 92% |
| 5-year (a year) | 101 | +0.3% | +3.7% | +6.6% | 100% |
| 10-year (a year) | 41 | +2.4% | +4.1% | +5.0% | 100% |
Every holding period starting at a month-end since 2013. Returns for 3 years and longer are annualized.
PGHY performance overview
Invesco Global Short Term High Yield Bond ETF (PGHY) returned +1.2% over the past year and +3.6% a year over ten years, with distributions reinvested. Since its first recorded price in 2013 it has returned +3.9% a year, turning $10,000 into about $16,606. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −20.5%, from Feb 11, 2020 to Mar 18, 2020, and it took 8 months to get back to the old high. PGHY finished 10 of its 12 full calendar years with a gain; the best year was 2016 (+13.7%) and the worst 2022 (−5.5%). Volatility has been 5.3% a year.
Related: PGHY chart, PGHY dividends, PGHY bond profile. See the PGHY overview for the latest quote and fund facts.
PGHY performance FAQ
What is the PGHY return over the past year?
PGHY returned +1.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 5.7%.
What is the average annual return of PGHY?
PGHY has returned +4.1% a year over 5 years, +3.6% a year over 10 years, +3.9% a year since June 21, 2013 (total return, distributions reinvested).
How much would $10,000 invested in PGHY be worth?
$10,000 invested in PGHY at its first recorded close on June 21, 2013 would be worth about $16,606 on October 23, 2026 with distributions reinvested.
What was the worst year for PGHY?
The worst calendar year was 2022, with a total return of −5.5%. The best was 2016 at +13.7%.
What is the biggest drawdown of PGHY?
The largest peak-to-trough decline was −20.5% between February 11, 2020 and March 18, 2020. It recovered to the old high on November 24, 2020, 8 months after the bottom.
How volatile is PGHY?
Over the past 3 years PGHY had an annualized volatility of 4.9% and a Sharpe ratio of 0.73 (excess return over 1–3 month T-bills per unit of risk).