IHYvsPGHYETF Comparison
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VanEck International High Yield Bond ETF (IHY) and Invesco Global ex-US High Yield Corporate Bond ETF (PGHY) belong to the same industry segment: Intl HY Bonds. IHY's top 3 sector exposures are Finance, Telecommunications and Non-Energy Materials. In contrast, PGHY's top sector exposures are Finance, Energy and Non-Energy Materials. IHY is more expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.35% for PGHY. IHY is up 1.75% year-to-date (YTD) with -$4M in YTD flows. PGHY performs worse with -1% YTD performance, and +$42M in YTD flows. Run a side-by-side ETF comparison of IHY and PGHY below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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IHY vs PGHY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IHY PGHY | +0.67%-0.03% | +0.65%-0.49% | +1.75%-1.00% | +3.85%+0.79% | +28.07%+21.97% | +10.21%+20.77% |
| Flows | IHY PGHY | -+$2M | -+$12M | -$4M+$42M | -$2M+$48M | -$11M+$48M | -$52M+$15M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IHY PGHY | +2.83%+2.14% | +3.90%+2.56% | +4.35%+2.71% | +5.58%+2.64% |
| Max drawdown | IHY PGHY | -1.20%-1.15% | -4.10%-3.08% | -4.10%-3.42% | -26.39%-8.76% |
| Max drawdown duration | IHY PGHY | 51d77d | 198d191d | 198d73d | 1323d800d |
Trading data
IHY | PGHY | |
Last sale 9/2/2026 at 1:30 PM | $21.55 | $19.60 |
| Previous close 09/01/2026 | $21.54 | $19.56 |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 3, 2026
1-year trailing difference
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IHY | PGHY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
IHY | PGHY | |
|---|---|---|
| Last price | $21.55 | $19.60 |
| 1D performance | +0.05% | +0.20% |
| AuM | $43.19 M | $226.80 M |
| E/R | 0.4% | 0.35% |
Characteristics
IHY | PGHY | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | VanEck | Invesco |
| Benchmark | ICE BofA Global ex-US Issuers High Yield Constrained Index | ICE USD Global High Yield Excluding US Issuers Constrained Index |
| N° of holdings | 519 | 591 |
| Asset class | Bonds | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 2, 2012 | June 20, 2013 |
| ESG | No | No |
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Exposure
Countries
IHY
France
11.7%
United Kingdom
10.04%
Canada
7.15%
Other
71.11%
PGHY
Brazil
10.55%
Canada
10.16%
United Kingdom
9.55%
Other
69.75%
Sectors
IHY
Finance
18.18%
Telecommunication.
16.05%
Non-Energy Materi.
11.31%
Energy
11.05%
Utilities
8.75%
Industrials
7.89%
Other
26.78%
PGHY
Finance
19%
Energy
14.5%
Non-Energy Materi.
13.87%
Telecommunication.
13.33%
Industrials
8.85%
Utilities
8.07%
Other
22.38%
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Diversification
IHY
Total weight of top 15 holdings out of 15
7.67%
PGHY
Total weight of top 15 holdings out of 15
8.87%
Top 15 holdings
Data as of July 31, 2026
IHY
Electricite de France (EDF), 5.875% perp., GBP (25)
0.62%
Pemex, 7.69% 23jan2050, USD
0.58%
Mediobanca, 3.875% 4jul2030, EUR (640)
0.54%
Mundys, 1.875% 12feb2028, EUR
0.52%
Telecom Italia (TIM), 7.721% 4jun2038, USD
0.52%
Stellantis, 6.25% perp., EUR
0.52%
Intrum Investments and Financing, 8.5% 11sep2030, EUR
0.51%
Virgin Media, 4.5% 15jul2031, GBP
0.51%
VodafoneZiggo, 2.875% 15jan2029, EUR
0.50%
Yapi Kredi Bank, 9.25% 16oct2028, USD (259)
0.49%
Fibercop SPA, 7.721% 4jun2038, USD
0.48%
Samarco Mineracao, 4% 30jun2031, USD
0.47%
China CITIC Financial AMC International Holdings, 4.25% 7nov2027, USD
0.46%
Softbank Group, 6.875% perp., USD
0.46%
Softbank Group, 5.125% 19sep2027, USD
0.46%
PGHY
ICBC, 3.2% perp., USD
1.36%
Samarco Mineracao, 4% 30jun2031, USD
1.01%
1011778 B.C., 4% 15oct2030, USD
0.59%
Nissan Motor, 4.81% 17sep2030, USD
0.58%
Genmab, 7.25% 15dec2033, USD
0.57%
Nissan Motor, 4.345% 17sep2027, USD
0.56%
Rakuten Group, 9.75% 15apr2029, USD
0.51%
Digicel International Finance, 8.625% 1aug2032, USD
0.51%
Connect Finco SARL, 9% 15sep2029, USD
0.50%
Vodafone Group, 7% 4apr2079, USD
0.48%
Gol Linhas Aereas, 14.375% 6jun2030, USD
0.48%
Ardagh Group, 9.5% 1dec2030, USD
0.46%
Rakuten Group, 11.25% 15feb2027, USD
0.43%
Altice France (SFR Group), 6.5% 15apr2032, USD
0.42%
Grupo Nutresa, 9% 12may2035, USD
0.42%
Frequently asked questions about IHY and PGHY
How have the IHY and PGHY ETFs performed in 2026?
As of September 1, 2026, IHY is up 1.75% year-to-date (YTD), while PGHY has lost -1%. That puts IHY better performer ahead so far this year.
Which ETF is attracting more investor money: IHY or PGHY?
Year-to-date, the IHY ETF saw -$4M in flows, compared to +$42M for PGHY.
Which ETF is more volatile: IHY or PGHY?
Over the past year, IHY had a volatility of 3.9%, while PGHY experienced 2.56%.
Which ETF is bigger: IHY or PGHY?
As of September 1, 2026, IHY holds $43.19 M in assets under management (AUM), while PGHY manages $226.80 M.
What sectors do the IHY and PGHY ETFs invest in?
IHY leans toward sectors like Finance, Telecommunications and Non-Energy Materials. Meanwhile, PGHY focuses on Finance, Energy and Non-Energy Materials.
What are the top holdings of the IHY ETF and PGHY ETF?
IHY top holdings include Electricite de France (EDF), 5.875% perp., GBP (25), Pemex, 7.69% 23jan2050, USD and Mediobanca, 3.875% 4jul2030, EUR (640). PGHY holds in its top three: ICBC, 3.2% perp., USD, Samarco Mineracao, 4% 30jun2031, USD and 1011778 B.C., 4% 15oct2030, USD.
Which ETF is more diversified: IHY or PGHY?
IHY holds 520 securities with 7.67% of its assets in the top 15. PGHY has 592 securities and a top 15 weight of 8.87%.
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