PGHYvsEMHYETF Comparison
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Invesco Global ex-US High Yield Corporate Bond ETF (PGHY) belongs to the Intl HY Bonds segment. iShares J.P. Morgan EM High Yield Bond ETF (EMHY) is part of the EM Aggregate Bonds segment. PGHY's top 3 sector exposures are Finance, Energy and Non-Energy Materials. In contrast, EMHY's top sector exposures are Sovereign, Finance and Energy. PGHY is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.5% for EMHY. PGHY is down -3.19% year-to-date (YTD) with +$48M in YTD flows. EMHY performs better with 0.88% YTD performance, and +$52M in YTD flows. Run a side-by-side ETF comparison of PGHY and EMHY 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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PGHY vs EMHY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/14/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PGHY EMHY | -1.77%-1.94% | -2.89%-2.48% | -3.19%+0.88% | -1.41%+4.89% | +21.07%+41.76% | +18.98%+24.26% |
| Flows | PGHY EMHY | +$4M-$39M | +$12M-$21M | +$48M+$52M | +$48M+$74M | +$89M+$216M | +$21M+$169M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PGHY EMHY | +2.67%+3.67% | +2.67%+4.16% | +2.71%+4.49% | +2.68%+5.89% |
| Max drawdown | PGHY EMHY | -3.16%-3.62% | -4.14%-3.73% | -4.14%-4.91% | -8.50%-23.12% |
| Max drawdown duration | PGHY EMHY | 91d48d | 234d50d | 234d73d | 753d884d |
Trading data
PGHY | EMHY | |
Last sale 10/15/2026 at 1:30 PM | $19.05 | $38.82 |
| Previous close 10/14/2026 | $19.00 | $38.69 |
| Consolidated volume 10/14/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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PGHY | EMHY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/15/2026 at 1:30 PM
Live
Closed
PGHY | EMHY | |
|---|---|---|
| Last price | $19.05 | $38.82 |
| 1D performance | +0.26% | +0.34% |
| AuM | $226.21 M | $565.97 M |
| E/R | 0.35% | 0.5% |
Characteristics
PGHY | EMHY | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | iShares |
| Benchmark | ICE USD Global High Yield Excluding US Issuers Constrained Index | J.P. Morgan USD Emerging Markets High Yield Bond Index |
| N° of holdings | 601 | 675 |
| Asset class | Fixed Income | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 20, 2013 | April 3, 2012 |
| ESG | No | No |
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Exposure
Countries
PGHY
Brazil
10.18%
Canada
9.51%
United Kingdom
9.51%
Other
70.8%
EMHY
Other
100%
Sectors
PGHY
Finance
19.01%
Energy
14.79%
Non-Energy Materi.
13.51%
Telecommunication.
13.09%
Industrials
8.68%
Utilities
8.22%
Other
22.69%
EMHY
Sovereign
50.32%
Finance
16.63%
Energy
7.63%
Other
25.42%
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Diversification
PGHY
Total weight of top 15 holdings out of 15
8.64%
EMHY
Total weight of top 15 holdings out of 15
11.85%
Top 15 holdings
Data as of August 31, 2026
PGHY
ICBC, 3.2% perp., USD
1.32%
Samarco Mineracao, 4% 30jun2031, USD
0.98%
1011778 B.C., 4% 15oct2030, USD
0.57%
Genmab, 7.25% 15dec2033, USD
0.57%
Nissan Motor, 4.81% 17sep2030, USD
0.56%
Nissan Motor, 4.345% 17sep2027, USD
0.55%
Rakuten Group, 9.75% 15apr2029, USD
0.51%
Digicel International Finance, 8.625% 1aug2032, USD
0.49%
Connect Finco SARL, 9% 15sep2029, USD
0.48%
Vodafone Group, 7% 4apr2079, USD
0.47%
Gol Linhas Aereas, 14.375% 6jun2030, USD
0.47%
Ardagh Group, 9.5% 1dec2030, USD
0.45%
Altice France (SFR Group), 6.5% 15apr2032, USD
0.41%
Grupo Nutresa, 9% 12may2035, USD
0.41%
Electricite de France (EDF), 9.125% perp., USD
0.40%
EMHY
BlackRock Cash Funds - Treasury
1.95%
ICBC, 3.2% perp., USD
1.30%
Ecuador, 6.9% 31jul2035, USD
1.22%
Argentina, 4.125% 9jul2035, USD
1.05%
Ghana, 5% 3jul2035, USD
0.92%
Argentina, 5% 9jan2038, USD
0.62%
Ecuador, 8.75% 29jan2034, USD
0.59%
Argentina, 0.75% 9jul2030, USD
0.58%
Ecuador, 5% 31jul2040, USD
0.55%
Ecuador, 9.25% 29jan2039, USD
0.54%
Argentina, 3.5% 9jul2041, USD
0.52%
Ghana, 5% 3jul2029, USD
0.52%
Pemex, 7.69% 23jan2050, USD
0.50%
Ukraine, 4% 1feb2032, USD
0.50%
Jamaica, 7.875% 28jul2045, USD
0.49%
Frequently asked questions about PGHY and EMHY
How have the PGHY and EMHY ETFs performed in 2026?
As of October 14, 2026, PGHY is down -3.19% year-to-date (YTD), while EMHY has returned 0.88%. That puts EMHY better performer ahead so far this year.
Which ETF is attracting more investor money: PGHY or EMHY?
Year-to-date, the PGHY ETF saw +$48M in flows, compared to +$52M for EMHY.
Which ETF is more volatile: PGHY or EMHY?
Over the past year, PGHY had a volatility of 2.67%, while EMHY experienced 4.16%.
Which ETF is bigger: PGHY or EMHY?
As of October 14, 2026, PGHY holds $226.21 M in assets under management (AUM), while EMHY manages $565.97 M.
What sectors do the PGHY and EMHY ETFs invest in?
PGHY leans toward sectors like Finance, Energy and Non-Energy Materials. Meanwhile, EMHY focuses on Sovereign, Finance and Energy.
What are the top holdings of the PGHY ETF and EMHY ETF?
PGHY top holdings include ICBC, 3.2% perp., USD, Samarco Mineracao, 4% 30jun2031, USD and 1011778 B.C., 4% 15oct2030, USD. EMHY holds in its top three: BlackRock Cash Funds - Treasury, ICBC, 3.2% perp., USD and Ecuador, 6.9% 31jul2035, USD.
Which ETF is more diversified: PGHY or EMHY?
PGHY holds 603 securities with 8.64% of its assets in the top 15. EMHY has 682 securities and a top 15 weight of 11.85%.
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