PGHYvsIHYETF Comparison
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Invesco Global ex-US High Yield Corporate Bond ETF (PGHY) and VanEck International High Yield Bond ETF (IHY) belong to the same industry segment: Intl HY Bonds. PGHY's top 3 sector exposures are Finance, Energy and Non-Energy Materials. In contrast, IHY's top sector exposures are Finance, Telecommunications and Non-Energy Materials. PGHY is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.4% for IHY. PGHY is down -0.86% year-to-date (YTD) with +$42M in YTD flows. IHY performs better with 1.93% YTD performance, and -$4M in YTD flows. Run a side-by-side ETF comparison of PGHY and IHY 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 IHY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PGHY IHY | +0.32%+1.03% | -0.34%+0.83% | -0.86%+1.93% | +0.94%+4.04% | +22.27%+28.16% | +20.89%+10.52% |
| Flows | PGHY IHY | +$2M- | +$12M- | +$42M-$4M | +$48M-$2M | +$50M-$11M | +$15M-$52M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PGHY IHY | +2.14%+2.82% | +2.56%+3.91% | +2.71%+4.35% | +2.64%+5.58% |
| Max drawdown | PGHY IHY | -1.15%-1.20% | -3.08%-4.10% | -3.42%-4.10% | -8.81%-26.39% |
| Max drawdown duration | PGHY IHY | 76d51d | 190d198d | 73d198d | 815d1323d |
Trading data
PGHY | IHY | |
Last sale 9/1/2026 at 1:30 PM | $19.56 | $21.54 |
| Previous close 08/31/2026 | $19.64 | $21.71 |
| Consolidated volume 08/31/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 2, 2026
1-year trailing difference
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PGHY | IHY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/1/2026 at 1:30 PM
Live
Closed
PGHY | IHY | |
|---|---|---|
| Last price | $19.56 | $21.54 |
| 1D performance | -0.41% | -0.81% |
| AuM | $227.14 M | $43.46 M |
| E/R | 0.35% | 0.4% |
Characteristics
PGHY | IHY | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | VanEck |
| Benchmark | ICE USD Global High Yield Excluding US Issuers Constrained Index | ICE BofA Global ex-US Issuers High Yield Constrained Index |
| N° of holdings | 591 | 519 |
| Asset class | Fixed Income | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 20, 2013 | April 2, 2012 |
| ESG | No | No |
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Exposure
Countries
PGHY
Brazil
10.55%
Canada
10.16%
United Kingdom
9.55%
Other
69.75%
IHY
France
11.7%
United Kingdom
10.04%
Canada
7.15%
Other
71.11%
Sectors
PGHY
Finance
19%
Energy
14.5%
Non-Energy Materi.
13.87%
Telecommunication.
13.33%
Industrials
8.85%
Utilities
8.07%
Other
22.38%
IHY
Finance
18.18%
Telecommunication.
16.05%
Non-Energy Materi.
11.31%
Energy
11.05%
Utilities
8.75%
Industrials
7.89%
Other
26.78%
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Diversification
PGHY
Total weight of top 15 holdings out of 15
8.87%
IHY
Total weight of top 15 holdings out of 15
7.67%
Top 15 holdings
Data as of July 31, 2026
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%
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%
Frequently asked questions about PGHY and IHY
How have the PGHY and IHY ETFs performed in 2026?
As of August 31, 2026, PGHY is down -0.86% year-to-date (YTD), while IHY has returned 1.93%. That puts IHY better performer ahead so far this year.
Which ETF is attracting more investor money: PGHY or IHY?
Year-to-date, the PGHY ETF saw +$42M in flows, compared to -$4M for IHY.
Which ETF is more volatile: PGHY or IHY?
Over the past year, PGHY had a volatility of 2.56%, while IHY experienced 3.91%.
Which ETF is bigger: PGHY or IHY?
As of August 31, 2026, PGHY holds $227.14 M in assets under management (AUM), while IHY manages $43.46 M.
What sectors do the PGHY and IHY ETFs invest in?
PGHY leans toward sectors like Finance, Energy and Non-Energy Materials. Meanwhile, IHY focuses on Finance, Telecommunications and Non-Energy Materials.
What are the top holdings of the PGHY ETF and IHY ETF?
PGHY top holdings include ICBC, 3.2% perp., USD, Samarco Mineracao, 4% 30jun2031, USD and 1011778 B.C., 4% 15oct2030, USD. IHY holds in its top three: Electricite de France (EDF), 5.875% perp., GBP (25), Pemex, 7.69% 23jan2050, USD and Mediobanca, 3.875% 4jul2030, EUR (640).
Which ETF is more diversified: PGHY or IHY?
PGHY holds 592 securities with 8.87% of its assets in the top 15. IHY has 520 securities and a top 15 weight of 7.67%.
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