PGHY vs TZA
Comparison between INVESCO GLOBAL EX-US HIGH YIELD CORPORATE BOND ETF (PGHY, ETF) and Direxion Small Cap Bear 3X ETF (TZA, ETF).
5-Year PerformancePGHY has outperformed TZA, delivering a return of +4.8% compared to -33.6%
PGHY vs TZA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
PGHY vs TZA - Historical Returns
Returns include dividend reinvestment.
PGHY vs TZA - Annual Returns (2008 - 2026)
Returns include dividend reinvestment.
| Year | PGHY | TZA |
|---|---|---|
| 2026 | +3.40% | -47.06% |
| 2025 | +8.80% | -41.82% |
| 2024 | +8.77% | -35.97% |
| 2023 | +9.97% | -44.08% |
| 2022 | -5.37% | +35.32% |
| 2021 | +1.24% | -52.86% |
| 2020 | +3.00% | -80.43% |
| 2019 | +5.73% | -53.03% |
| 2018 | +0.34% | +27.69% |
| 2017 | +3.09% | -37.30% |
| 2016 | +13.96% | -58.67% |
| 2015 | +2.59% | -7.71% |
| 2014 | -2.85% | -31.55% |
| 2013 | +4.17% | -65.56% |
| 2012 | N/A | -46.46% |
| 2011 | N/A | -40.32% |
| 2010 | N/A | -65.58% |
| 2009 | N/A | -78.57% |
| 2008 | N/A | -59.11% |
PGHY vs TZA Drawdown Comparison
The maximum drawdown for PGHY was -20.50%, occurring on Mar 18, 2020. Recovery took 203 trading sessions.
The maximum drawdown for TZA was -100.00%, occurring on Aug 14, 2026. This drawdown has not yet recovered.
The current PGHY drawdown is -0.04%. The current TZA drawdown is -100.00%.
| Rank | PGHY | TZA |
|---|---|---|
| #1 | -20.50% Feb 6, 2020 - Nov 24, 2020 | -100.00% Nov 20, 2008 - Aug 14, 2026 |
| #2 | -9.42% Jul 14, 2021 - Nov 28, 2023 | N/A |
| #3 | -5.56% Nov 6, 2015 - Mar 16, 2016 | N/A |
| #4 | -5.31% Jun 16, 2014 - Nov 6, 2015 | N/A |
| #5 | -5.03% Feb 28, 2025 - May 28, 2025 | N/A |
| #6 | -3.04% Feb 27, 2026 - Apr 17, 2026 | N/A |
| #7 | -1.98% Sep 22, 2025 - Nov 20, 2025 | N/A |
| #8 | -1.92% Mar 20, 2024 - May 15, 2024 | N/A |
| #9 | -1.85% Sep 19, 2013 - Mar 28, 2014 | N/A |
| #10 | -1.73% Oct 2, 2018 - Jan 14, 2019 | N/A |
| #11 | -1.35% Jul 29, 2016 - Aug 25, 2016 | N/A |
| #12 | -1.34% Jul 29, 2019 - Dec 18, 2019 | N/A |
| #13 | -1.31% Oct 18, 2017 - Apr 18, 2018 | N/A |
| #14 | -1.31% Dec 10, 2024 - Jan 16, 2025 | N/A |
| #15 | -1.29% Jun 8, 2016 - Jun 23, 2016 | N/A |
Correlation
Correlation between PGHY and TZA is -0.74 which considered as a strong negative correlation - the stocks tend to move in opposite directions.
Dividend Comparison (2013 - 2026)
PGHY vs TZA dividend yield comparison.
| Year | PGHY | TZA |
|---|---|---|
| 2026 | 4.64% | 0.28% |
| 2025 | 7.24% | 0.51% |
| 2024 | 7.49% | 0.54% |
| 2023 | 7.87% | 0.55% |
| 2022 | 5.12% | 0.00% |
| 2021 | 5.17% | 0.00% |
| 2020 | 5.45% | 0.02% |
| 2019 | 5.32% | 0.02% |
| 2018 | 5.45% | 0.00% |
| 2017 | 5.52% | 0.00% |
| 2016 | 6.26% | 0.00% |
| 2015 | 4.60% | 0.00% |
| 2014 | 4.41% | 0.00% |
| 2013 | 1.90% | 0.00% |
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