(PHB) Fundamental High Yield - Overview
Etf: High-Yield Bonds, Corporate Debt, USD-Denominated, SEC-Registered
Dividends
| Dividend Yield | 5.59% |
| Yield on Cost 5y | 6.60% |
| Yield CAGR 5y | 11.72% |
| Payout Consistency | 88.5% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 2.90% |
| Relative Tail Risk | -0.57% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.76 |
| Alpha | 1.48 |
| Character TTM | |
|---|---|
| Beta | 0.203 |
| Beta Downside | 0.204 |
| Drawdowns 3y | |
|---|---|
| Max DD | 3.96% |
| CAGR/Max DD | 2.08 |
Description: PHB Fundamental High Yield December 29, 2025
The Invesco Fundamental High Yield® Corporate Bond ETF (PHB) seeks to track an index that measures the performance of U.S. dollar-denominated, SEC-registered high-yield corporate bonds, allocating at least 80 % of its assets to the index components as compiled by Research Affiliates, LLC.
Key metrics to watch include the fund’s weighted-average credit rating (currently around BB-), its average duration (≈ 4.5 years), and the yield-to-worst, which sits near 6.2 % as of the latest quarter. Performance is highly sensitive to the U.S. term spread and corporate default rates, both of which have tightened in the recent cycle, supporting higher relative yields for high-yield issuers.
For a deeper, data-driven view of PHB’s risk-adjusted returns and sector exposures, you might explore the ValueRay platform’s analytics dashboard.
What is the price of PHB shares?
Over the past week, the price has changed by +0.21%, over one month by +0.48%, over three months by +2.37% and over the past year by +8.04%.
Is PHB a buy, sell or hold?
What are the forecasts/targets for the PHB price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 21 | 12.4% |
PHB Fundamental Data Overview February 02, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 377.8m USD (377.8m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 377.8m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 377.8m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 6.66% (E(377.8m)/V(377.8m) * Re(6.66%) + (debt-free company))
Discount Rate = 6.66% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)