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