PHB: Invesco Fundamental High Yield Corporate Bond ETF
About
PHB was created on 2007-11-15 by Invesco. The fund's investment portfolio concentrates primarily on high yield fixed income. The ETF currently has 422.91m in AUM and 240 holdings. PHB tracks a fundamental-weighted index of high-yield US corporate bonds that must be rated between B3/B- and Ba1/BB+.
Current Value
$18.241 Year Return
Current Value
$18.241 Year Return
Key Details
Assets Under Management
$421.45M
Div Yield %
6.12%
P/E Ratio
-
Net Asset Value
$18.28
Expense Ratio
0.50%
1Y ETF Return
0.10%
Strategies that include PHB
Stock's related to PHB
Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| NLY | 66.84% | $11.07B | +11.39% | 13.23% |
| AGNC | 65.99% | $8.56B | +9.64% | 14.95% |
| ARR | 63.37% | $1.05B | +8.10% | 16.27% |
| DX | 61.52% | $991.29M | +9.75% | 12.54% |
| NNN | 56.40% | $8.14B | +10.88% | 5.30% |
| SUI | 53.56% | $16.13B | +2.58% | 2.98% |
| O | 53.17% | $50.04B | +6.78% | 5.49% |
| UWMC | 53.10% | $596.62M | +10.83% | 6.46% |
| BEP | 52.72% | $7.22B | +4.20% | 5.54% |
| HR | 52.70% | $6.26B | +23.58% | 7.10% |
| GLPI | 52.49% | $13.79B | +12.32% | 6.02% |
| NEP | 51.97% | $1.48B | -32.95% | 22.91% |
| XWDIX | 51.35% | - | - | 11.82% |
| BEPC | 50.21% | $11.50B | +18.73% | 4.57% |
| FCPT | 50.14% | $2.81B | +27.91% | 4.79% |
| RUN | 48.79% | $2.18B | -16.08% | 0.00% |
| EBR | 48.58% | $12.19B | -24.21% | 1.26% |
| AVNS | 48.33% | $818.03M | -16.00% | 0.00% |
| CWEN | 48.05% | $3.26B | +22.27% | 5.84% |
| GUG | 46.62% | - | - | 9.13% |
Uncorrelated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| NTIC | -<0.01% | $132.27M | +24.98% | 2.02% |
| CYCN | -0.01% | $4.77M | -16.19% | 0.00% |
| CI | 0.05% | $89.70B | +12.57% | 1.68% |
| EG | 0.08% | $15.92B | -8.98% | 2.02% |
| VIRT | -0.28% | $3.17B | +110.38% | 2.60% |
| TLPH | 0.31% | $11.41M | +9.85% | 0.00% |
| SIGI | -0.35% | $5.90B | -4.96% | 1.47% |
| ZCMD | 0.35% | $2.80M | -88.67% | 0.00% |
| BACK | 0.41% | $1.76M | -32.90% | 0.00% |
| TXO | 0.45% | $737.26M | -1.80% | 13.22% |
| UNH | 0.46% | $531.00B | +6.93% | 1.37% |
| QTTB | -0.59% | $354.34M | +188.64% | 0.00% |
| FATBB | -0.61% | $81.94M | -12.91% | 11.69% |
| IMNN | 0.64% | $10.02M | -22.89% | 0.00% |
| BTCT | -0.72% | $42.61M | +353.33% | 0.00% |
| INSM | 0.79% | $13.19B | +202.50% | 0.00% |
| NNE | -0.99% | $833.66M | +531.50% | 0.00% |
| DOGZ | 1.10% | $614.77M | +1,372.26% | 0.00% |
| NNVC | 1.36% | $19.66M | +25.69% | 0.00% |
| CORZ | 1.50% | $4.60B | +3,201.26% | 0.00% |
Inversely Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| PRPO | -19.34% | $9.10M | -13.65% | 0.00% |
| NEUE | -11.32% | $40.93M | -34.13% | 0.00% |
| MNR | -10.96% | $1.66B | -10.71% | 15.90% |
| PGR | -10.08% | $149.10B | +57.29% | 0.45% |
| MCK | -9.46% | $78.15B | +35.51% | 0.42% |
| LPLA | -8.71% | $23.55B | +38.13% | 0.38% |
| SRRK | -7.94% | $2.61B | +134.91% | 0.00% |
| HQY | -7.66% | $8.97B | +52.15% | 0.00% |
| HUM | -7.63% | $33.45B | -45.22% | 1.25% |
| OXBR | -7.59% | $19.05M | +178.18% | 0.00% |
| LPTH | -7.24% | $62.27M | +33.05% | 0.00% |
| IBKR | -6.56% | $20.20B | +131.83% | 0.37% |
| RNR | -6.39% | $13.74B | +23.09% | 0.58% |
| TEM | -5.70% | $8.50B | 0.00% | 0.00% |
| ACGL | -4.76% | $36.00B | +16.84% | 0.00% |
| UNM | -4.61% | $13.16B | +69.20% | 2.16% |
| TCTM | -4.22% | $8.10M | -42.99% | 0.00% |
| HUSA | -4.21% | $16.69M | -11.56% | 0.00% |
| CME | -3.47% | $82.76B | +9.21% | 1.98% |
| LTM | -3.46% | $8.51B | -100.00% | <0.01% |
ETF's related to PHB
Correlated ETFs
| Name | Correlation | AUM | Expense Ratio |
|---|---|---|---|
| HYDB | 92.38% | $1.07B | 0.35% |
| ANGL | 92.19% | $3.06B | 0.25% |
| FALN | 90.83% | $1.84B | 0.25% |
| NUHY | 88.36% | $89.47M | 0.31% |
| BSJQ | 87.00% | $773.39M | 0.42% |
| FLHY | 86.62% | $592.12M | 0.4% |
| AOK | 83.68% | $617.23M | 0.15% |
| DIAL | 83.59% | $368.52M | 0.28% |
| EMB | 83.48% | $14.46B | 0.39% |
| BINC | 83.25% | $6.32B | 0.4% |
| JPMB | 82.94% | $585.28M | 0.39% |
| VWOB | 82.47% | $5.40B | 0.2% |
| BSJS | 82.17% | $293.93M | 0.42% |
| EMHC | 82.15% | $284.53M | 0.23% |
| HYLS | 81.86% | $1.64B | 1.02% |
| AOM | 81.34% | $1.43B | 0.15% |
| BYLD | 81.28% | $232.64M | 0.15% |
| IBHH | 80.38% | $143.17M | 0.35% |
| GEMD | 80.28% | $66.91M | 0.39% |
| IBHG | 80.12% | $175.24M | 0.35% |
News
SeekingAlpha
Despite widespread concerns about whether the Federal Reserve could hike rates enough to lower inflation without sparking a recession, the economy has remained resilient.
SeekingAlpha
Results varied at the sector level on a total-return basis, but all spread products enjoyed positive excess returns versus Treasurys. Click to read.
SeekingAlpha
In recent years, valuations across both equity and high yield credit markets have increased markedly and have become a key focal point. Click to read.
SeekingAlpha
Central banks across the US, UK and Europe have shifted to an easing phase, signaling a change in the credit cycle. Read more here.
SeekingAlpha
The Invesco Fundamental High Yield Corporate Bond has higher expense ratios than functionally similar high-yield ETFs. Learn more on PHB ETF here.
SeekingAlpha
With inflation cooling and the Federal Reserve transitioning from rate hikes to a cycle of rate cuts, bonds are poised to perform well in 2025.
Disclaimer
Information on this page is obtained from our data provider, Xignite, an unaffiliated third party. Double believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate. We also show information based on calculations performed by Double using data from our provider. Double believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.