MAGG vs PHDG
Comparison between MADISON AGGREGATE BOND ETF (MAGG, ETF) and INVESCO S&P 500 DOWNSIDE HEDGED ETF (PHDG, ETF).
MAGG vs PHDG - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
MAGG
$68M
PHDG
$68M
Expense Ratio
Winner
MAGG
0.36%
PHDG
0.39%
Max Drawdown
Winner
MAGG
6.32%
PHDG
23.59%
Sharpe Ratio
MAGG
0.39
Winner
PHDG
1.70
5Y Beta
Winner
MAGG
0.04
PHDG
0.30
5Y Dividends CAGR
MAGG
N/A
PHDG
28.74%
MAGG vs PHDG - Historical Returns
Returns include dividend reinvestment.
1M
Winner
MAGG
+0.55%
PHDG
-0.34%
3M
MAGG
+0.50%
Winner
PHDG
+9.29%
6M
MAGG
+1.02%
Winner
PHDG
+10.55%
1Y
MAGG
+4.90%
Winner
PHDG
+21.26%
5Y(CAGR)
MAGG
N/A
PHDG
+5.02%
10Y(CAGR)
MAGG
N/A
PHDG
+7.03%
Max(CAGR)
MAGG
+5.02%
Winner
PHDG
+5.75%
MAGG vs PHDG - Annual Returns (2012 - 2026)
Returns include dividend reinvestment.
| Year | MAGG | PHDG |
|---|---|---|
| 2026 | +0.56% | +11.61% |
| 2025 | +7.45% | +2.46% |
| 2024 | +2.26% | +11.96% |
| 2023 | +4.42% | +8.79% |
| 2022 | N/A | -14.38% |
| 2021 | N/A | +16.13% |
| 2020 | N/A | +18.15% |
| 2019 | N/A | +8.89% |
| 2018 | N/A | -3.39% |
| 2017 | N/A | +15.36% |
| 2016 | N/A | -0.25% |
| 2015 | N/A | -9.72% |
| 2014 | N/A | +6.86% |
| 2013 | N/A | +12.19% |
| 2012 | N/A | -0.01% |
MAGG vs PHDG Drawdown Comparison
The maximum drawdown for MAGG was -4.56%, occurring on Jan 14, 2025. Recovery took 138 trading sessions.
The maximum drawdown for PHDG was -17.69%, occurring on Nov 3, 2016. Recovery took 759 trading sessions.
The current MAGG drawdown is -1.16%. The current PHDG drawdown is -3.52%.
| Rank | MAGG | PHDG |
|---|---|---|
| #1 | -4.56% Sep 16, 2024 - Apr 4, 2025 | -17.69% Dec 5, 2014 - Dec 11, 2017 |
| #2 | -4.26% Aug 31, 2023 - Nov 22, 2023 | -17.06% Dec 27, 2021 - Jun 12, 2024 |
| #3 | -3.31% Dec 27, 2023 - Jun 13, 2024 | -15.87% Mar 18, 2020 - Aug 24, 2020 |
| #4 | -2.86% Feb 27, 2026 - May 19, 2026 | -14.79% Dec 4, 2024 - Mar 2, 2026 |
| #5 | -2.53% Apr 4, 2025 - Jun 24, 2025 | -12.79% Feb 6, 2018 - Mar 12, 2020 |
| #6 | -1.38% Oct 27, 2025 - Nov 24, 2025 | -10.06% Sep 2, 2020 - Apr 15, 2021 |
| #7 | -1.20% Jun 14, 2024 - Jul 10, 2024 | -6.11% Aug 5, 2024 - Dec 4, 2024 |
| #8 | -1.17% Nov 24, 2025 - Feb 2, 2026 | -5.20% Aug 2, 2013 - Dec 23, 2013 |
| #9 | -1.10% Jul 1, 2025 - Aug 1, 2025 | -4.42% Sep 7, 2021 - Nov 2, 2021 |
| #10 | -0.75% Sep 22, 2025 - Oct 10, 2025 | -4.37% Jul 16, 2024 - Aug 5, 2024 |
| #11 | -0.72% Aug 5, 2024 - Aug 14, 2024 | -3.88% Jun 4, 2026 - Jun 11, 2026 |
| #12 | -0.63% Feb 2, 2026 - Feb 12, 2026 | -3.69% Apr 2, 2014 - Jun 9, 2014 |
| #13 | -0.63% Jul 16, 2024 - Jul 30, 2024 | -3.44% Dec 31, 2013 - Feb 28, 2014 |
| #14 | -0.54% Aug 5, 2025 - Aug 26, 2025 | -3.37% Mar 10, 2026 - Apr 8, 2026 |
| #15 | -0.53% Oct 22, 2025 - Oct 27, 2025 | -3.26% May 12, 2021 - Jul 2, 2021 |
Correlation
Correlation between MAGG and PHDG is 0.82 which considered as a strong positive correlation - the stocks tend to move together.
0.82
-101
Dividend Comparison (2012 - 2026)
MAGG vs PHDG dividend yield comparison.
| Year | MAGG | PHDG |
|---|---|---|
| 2026 | 1.75% | 0.36% |
| 2025 | 4.80% | 2.10% |
| 2024 | 5.13% | 1.94% |
| 2023 | 1.49% | 1.93% |
| 2022 | 0.00% | 1.35% |
| 2021 | 0.00% | 0.44% |
| 2020 | 0.00% | 0.63% |
| 2019 | 0.00% | 1.80% |
| 2018 | 0.00% | 1.56% |
| 2017 | 0.00% | 1.83% |
| 2016 | 0.00% | 2.29% |
| 2015 | 0.00% | 1.64% |
| 2014 | 0.00% | 5.46% |
| 2013 | 0.00% | 1.76% |
| 2012 | 0.00% | 0.09% |
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