- Issuer
- Prudential
- Inception Date
- Sep 24, 2018
- Region
- Developed Markets (Broad)
- Category
- High Yield Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $1B
Share Price Chart
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Performance
PHYL Performance Chart
PGIM Active High Yield Bond ETF (PHYL) is up 1.6% since the beginning of the year. PHYL is currently trading at $35 per share. Investors who bought $1,000 worth of PHYL shares 5 years ago would now be looking at an investment worth $1,217.
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Returns By Period
PGIM Active High Yield Bond ETF (PHYL) has returned 1.62% so far this year and 6.79% over the past 12 months.
PGIM Active High Yield Bond ETF
- 1D
- -0.24%
- 1M
- 0.36%
- YTD
- 1.62%
- 6M
- 1.94%
- 1Y
- 6.79%
- 3Y*
- 9.30%
- 5Y*
- 4.00%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PHYL Monthly Returns History
Based on dividend-adjusted daily data since Sep 27, 2018, PHYL's average daily return is +0.02%, while the average monthly return is +0.47%. At this rate, an investment would double in approximately 12.3 years.
Historically, 69% of months were positive and 31% were negative. The best month was Jul 2022 with a return of +6.2%, while the worst month was Mar 2020 at -12.6%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 4 months.
On a daily basis, PHYL closed higher 53% of trading days. The best single day was Mar 26, 2020 with a return of +4.1%, while the worst single day was Mar 16, 2020 at -6.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.62% | 0.30% | -1.59% | 1.96% | 0.40% | -0.04% | 1.62% | ||||||
| 2025 | 1.50% | 1.01% | -1.17% | 0.19% | 1.61% | 2.16% | 0.55% | 1.30% | 0.77% | 0.14% | 0.56% | 0.67% | 9.65% |
| 2024 | 0.04% | 0.59% | 1.40% | -1.79% | 1.58% | 0.83% | 2.22% | 1.52% | 2.18% | -1.00% | 1.42% | -0.73% | 8.45% |
| 2023 | 3.21% | -1.86% | 1.81% | 1.08% | -1.34% | 1.70% | 1.81% | 0.02% | -1.89% | -1.40% | 4.54% | 3.90% | 11.91% |
| 2022 | -2.78% | -0.87% | -1.65% | -4.25% | 1.73% | -7.25% | 6.23% | -3.32% | -4.39% | 2.85% | 2.78% | -0.79% | -11.80% |
| 2021 | 0.67% | 0.77% | 0.22% | 1.25% | 0.33% | 0.99% | 0.38% | 0.42% | 0.22% | -0.21% | -1.05% | 2.08% | 6.20% |
Benchmark Metrics
PGIM Active High Yield Bond ETF has an annualized alpha of 1.53%, beta of 0.29, and R2 of 0.56 versus S&P 500 Index. Calculated based on daily prices since September 27, 2018.
- This ETF participated in 44.32% of S&P 500 Index downside but only 34.69% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.29 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 1.53%
- Beta
- 0.29
- R²
- 0.56
- Upside Capture
- 34.69%
- Downside Capture
- 44.32%
Expense Ratio
PHYL has an expense ratio of 0.53%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PHYL ranks 65 for risk / return — better than 65% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for PGIM Active High Yield Bond ETF (PHYL) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PHYL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.37 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 2.78 | -0.24 |
| Martin ratioReturn relative to average drawdown | 11.57 | 12.44 | -0.87 |
Dividends
Dividend History
PGIM Active High Yield Bond ETF provided a 6.99% dividend yield over the last twelve months, with an annual payout of $2.45 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.45 | $2.50 | $2.88 | $2.65 | $2.20 | $2.49 | $3.05 | $3.01 | $0.68 |
Dividend yield | 6.99% | 7.05% | 8.28% | 7.62% | 6.55% | 6.13% | 7.51% | 7.31% | 1.79% |
Monthly Dividends
The table displays the monthly dividend distributions for PGIM Active High Yield Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.21 | $0.40 | $0.21 | $0.21 | $0.00 | $1.03 | ||||||
| 2025 | $0.00 | $0.18 | $0.21 | $0.24 | $0.23 | $0.23 | $0.22 | $0.22 | $0.22 | $0.22 | $0.19 | $0.34 | $2.50 |
| 2024 | $0.00 | $0.23 | $0.22 | $0.25 | $0.24 | $0.25 | $0.24 | $0.25 | $0.25 | $0.22 | $0.23 | $0.50 | $2.88 |
| 2023 | $0.00 | $0.22 | $0.23 | $0.18 | $0.23 | $0.23 | $0.19 | $0.21 | $0.22 | $0.24 | $0.19 | $0.51 | $2.65 |
| 2022 | $0.00 | $0.14 | $0.16 | $0.16 | $0.16 | $0.17 | $0.19 | $0.18 | $0.21 | $0.19 | $0.20 | $0.45 | $2.20 |
| 2021 | $0.00 | $0.19 | $0.16 | $0.19 | $0.19 | $0.18 | $0.16 | $0.16 | $0.18 | $0.17 | $0.19 | $0.71 | $2.49 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the PGIM Active High Yield Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the PGIM Active High Yield Bond ETF was 22.07%, occurring on Mar 23, 2020. Recovery took 95 trading sessions.
The current PGIM Active High Yield Bond ETF drawdown is 0.28%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -22.07%Mar 2020 | 1mo 9d | 4mo 16d | 5mo 25dFeb 2020 - Aug 2020 |
Bear market2022 | -16.11%Sep 2022 | 9mo 2d | 1y 5mo | 2y 2moDec 2021 - Mar 2024 |
Rate-hike selloffLate 2018 | -5.83%Dec 2018 | 2mo 21d | 1mo 8d | 3mo 29dOct 2018 - Jan 2019 |
2025 selloff2025 | -4.53%Apr 2025 | 1mo 6d | 1mo 5d | 2mo 11dMar 2025 - May 2025 |
2026 pullback2026 | -2.68%Mar 2026 | 1mo 2d | 18d | 1mo 20dFeb 2026 - Apr 2026 |
Drawdown Indicators
| PHYL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.07% | -56.78% | +34.71% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -9.10% | +6.42% |
Max Drawdown (3Y)Largest decline over 3 years | -4.53% | -18.90% | +14.37% |
Max Drawdown (5Y)Largest decline over 5 years | -16.11% | -25.43% | +9.32% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.28% | -1.80% | +1.52% |
Average DrawdownAverage peak-to-trough decline | -3.05% | -10.71% | +7.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 2.03% | -1.44% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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