PHDG vs FCSH

Comparison between INVESCO S&P 500 DOWNSIDE HEDGED ETF (PHDG, ETF) and FEDERATED HERMES SHORT DURATION CORPORATE ETF (FCSH, ETF).

PHDG vs FCSH - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PHDG(ETF)	FCSH(ETF)
Net Assets	$65M	$65M
Expense Ratio	0.39%	0.30%
Max Drawdown	23.59%	9.60%
Sharpe Ratio	1.84	0.00
5Y Beta	0.30	0.03
P/E Ratio	28.95	N/A
Forward P/E	22.35	N/A
5Y Dividends CAGR	28.74%	N/A
5Y EPS CAGR	25.98%	N/A
Debt to Equity	32.48%	N/A
P/S Ratio	3.76	N/A
P/B Ratio	5.60	N/A

Net Assets

PHDG

$65M

FCSH

$65M

Expense Ratio

PHDG

0.39%

Winner

FCSH

0.30%

Max Drawdown

PHDG

23.59%

Winner

FCSH

9.60%

Sharpe Ratio

Winner

PHDG

1.84

FCSH

0.00

5Y Beta

PHDG

0.30

Winner

FCSH

0.03

P/E Ratio

PHDG

28.95

FCSH

N/A

Forward P/E

PHDG

22.35

FCSH

N/A

5Y Dividends CAGR

PHDG

28.74%

FCSH

N/A

5Y EPS CAGR

PHDG

25.98%

FCSH

N/A

Debt to Equity

PHDG

32.48%

FCSH

N/A

P/S Ratio

PHDG

3.76

FCSH

N/A

P/B Ratio

PHDG

5.60

FCSH

N/A

PHDG vs FCSH - Historical Returns

Returns include dividend reinvestment.

Period	PHDG	FCSH
1 month	+1.95%	-0.27%
3 months	+8.98%	-0.54%
6 months	+9.94%	+0.69%
1 year	+23.81%	+3.83%
5 years(CAGR)	+5.07%	+2.39%
10 years(CAGR)	+6.99%	N/A
Max(CAGR)	+5.79%	+2.39%

Winner

PHDG

+1.95%

FCSH

-0.27%

Winner

PHDG

+8.98%

FCSH

-0.54%

Winner

PHDG

+9.94%

FCSH

+0.69%

Winner

PHDG

+23.81%

FCSH

+3.83%

5Y(CAGR)

Winner

PHDG

+5.07%

FCSH

+2.39%

10Y(CAGR)

PHDG

+6.99%

FCSH

N/A

Max(CAGR)

Winner

PHDG

+5.79%

FCSH

+2.39%

PHDG vs FCSH - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	PHDG	FCSH
2026	+12.04%	+0.25%
2025	+2.46%	+6.38%
2024	+11.96%	+4.92%
2023	+8.79%	+5.29%
2022	-14.38%	-5.68%
2021	+16.13%	+0.24%
2020	+18.15%	N/A
2019	+8.89%	N/A
2018	-3.39%	N/A
2017	+15.36%	N/A
2016	-0.25%	N/A
2015	-9.72%	N/A
2014	+6.86%	N/A
2013	+12.19%	N/A
2012	-0.01%	N/A

PHDG vs FCSH Drawdown Comparison

The maximum drawdown for PHDG was -17.69%, occurring on Nov 3, 2016. Recovery took 759 trading sessions.

The maximum drawdown for FCSH was -8.47%, occurring on Oct 20, 2022. Recovery took 595 trading sessions.

The current PHDG drawdown is -3.15%. The current FCSH drawdown is -0.86%.

Rank	PHDG	FCSH
#1	-17.69% Dec 5, 2014 - Dec 11, 2017	-8.47% Dec 31, 2021 - May 15, 2024
#2	-17.06% Dec 27, 2021 - Jun 12, 2024	-1.32% Sep 27, 2024 - Feb 21, 2025
#3	-15.87% Mar 18, 2020 - Aug 24, 2020	-1.24% Feb 27, 2026 - Mar 26, 2026
#4	-14.79% Dec 4, 2024 - Mar 2, 2026	-1.21% Apr 3, 2025 - Apr 28, 2025
#5	-12.79% Feb 6, 2018 - Mar 12, 2020	-0.59% Apr 30, 2025 - May 29, 2025
#6	-10.06% Sep 2, 2020 - Apr 15, 2021	-0.50% May 15, 2024 - Jun 3, 2024
#7	-6.11% Aug 5, 2024 - Dec 4, 2024	-0.45% Aug 2, 2024 - Aug 13, 2024
#8	-5.20% Aug 2, 2013 - Dec 23, 2013	-0.43% Oct 16, 2025 - Nov 24, 2025
#9	-4.42% Sep 7, 2021 - Nov 2, 2021	-0.39% Jun 6, 2024 - Jun 12, 2024
#10	-4.37% Jul 16, 2024 - Aug 5, 2024	-0.37% Sep 16, 2025 - Oct 1, 2025
#11	-3.69% Apr 2, 2014 - Jun 9, 2014	-0.33% Mar 4, 2025 - Mar 20, 2025
#12	-3.44% Dec 31, 2013 - Feb 28, 2014	-0.33% Jun 30, 2025 - Jul 21, 2025
#13	-3.37% Mar 10, 2026 - Apr 8, 2026	-0.31% Jun 4, 2025 - Jun 12, 2025
#14	-3.26% May 12, 2021 - Jul 2, 2021	-0.28% Aug 14, 2024 - Aug 20, 2024
#15	-3.15% Jun 4, 2026 - Jun 5, 2026	-0.25% Jul 25, 2025 - Aug 1, 2025

Correlation

Correlation between PHDG and FCSH is 0.86 which considered as a strong positive correlation - the stocks tend to move together.

0.86

-101

Dividend Comparison (2012 - 2026)

PHDG vs FCSH dividend yield comparison.

Year	PHDG	FCSH
2026	0.36%	1.75%
2025	2.10%	4.14%
2024	1.94%	4.44%
2023	1.93%	2.31%
2022	1.35%	1.76%
2021	0.44%	0.04%
2020	0.63%	0.00%
2019	1.80%	0.00%
2018	1.56%	0.00%
2017	1.83%	0.00%
2016	2.29%	0.00%
2015	1.64%	0.00%
2014	5.46%	0.00%
2013	1.76%	0.00%
2012	0.09%	0.00%