PGIM High Yield Bond Fund (ISD) Sharpe Ratio: 0.29

ISD's Sharpe Ratio of 0.29 indicates that for each unit of volatility, it generates 0.29 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 3, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

ISD Sharpe Ratio Rank

Concerning

ISD ranks above 4.2% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

Strong returns with low total volatility → Higher rank
High volatility (both upside and downside) → Lower rank
Consistent returns → Higher rank than volatile returns of same magnitude
Sharp drawdowns increase volatility → Lower rank

What you can do with this information

Weak risk-adjusted returns relative to category peers
Evaluate whether this holding aligns with your risk-return objectives
Consider reducing exposure or re-evaluating position size
Review higher-ranked alternatives in the same category

ISD Sharpe Ratio Market Positioning

The chart shows ISD's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

Red zone (bottom 25%): 1.42 or lower
Yellow zone (middle 50%): 1.42 to 2.51
Green zone (top 25%): 2.51 or higher
Top 1%: 4.64+
Median: 2.09 — half of all investments score higher

How it compares to other similar mutual funds

The table compares PGIM High Yield Bond Fund's Sharpe Ratio with other mutual funds in the High Yield Bonds category across multiple time periods, showing how ISD's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 3, 2026.

Symbol	Name	1Y Sharpe Ratio
CCLFX	Cliffwater Corporate Lending Fund	8.50
XILSX	Pioneer ILS Interval Fund	8.31
RPHIX	RiverPark Short Term High Yield Fund	5.27
CWFIX	Chartwell Short Duration High Yield Fund	3.85
PYHRX	Payden High Income Fund	3.76
SHYPX	American Beacon SiM High Yld Opps Fund	3.64
SHOYX	American Beacon SiM High Yield Opportunities Fund Class Y	3.62
PSHNX	Penn Capital Short Duration High Income Fund	3.48
FSHNX	Fidelity Series High Income Fund	3.44
RPIHX	T. Rowe Price Global High Income Bond Fund	3.39
ISD	PGIM High Yield Bond Fund	0.29

Benchmark Against

Benchmark

S&P 500 Index

Lookback Period

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Historical Sharpe Ratio

The chart shows ISD's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when ISD consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does ISD fit in your portfolio?

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