PortfoliosLab logoPortfoliosLab logo
ISIN
US74440Y8848
Issuer
PGIM
Inception Date
Oct 31, 2011
Min. Investment
$0
Distribution Policy
Distributing
Asset Class
Bond

Share Price Chart


Loading charts...

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

PHYQX Performance Chart

PGIM High Yield Fund Class R6 (PHYQX) is up 1.6% since the beginning of the year. PHYQX is currently trading at $5 per share. Investors who bought $1,000 worth of PHYQX shares 5 years ago would now be looking at an investment worth $1,222.


Loading charts...

S&P 500 Index

Returns By Period

PGIM High Yield Fund Class R6 (PHYQX) has returned 1.64% so far this year and 7.31% over the past 12 months. Over the last ten years, PHYQX has returned 5.85% per year, falling short of the S&P 500 Index benchmark, which averaged 13.65% annually.


PGIM High Yield Fund Class R6

1D
-0.21%
1M
-0.24%
YTD
1.64%
6M
2.35%
1Y
7.31%
3Y*
9.23%
5Y*
4.09%
10Y*
5.85%

Benchmark (S&P 500 Index)

1D
0.41%
1M
2.98%
YTD
10.79%
6M
10.39%
1Y
27.70%
3Y*
21.07%
5Y*
12.39%
10Y*
13.65%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PHYQX Monthly Returns History

Based on dividend-adjusted daily data since Oct 31, 2011, PHYQX's average daily return is +0.02%, while the average monthly return is +0.49%. At this rate, an investment would double in approximately 11.8 years.

Historically, 70% of months were positive and 30% were negative. The best month was May 2020 with a return of +5.1%, while the worst month was Mar 2020 at -12.7%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 4 months.

On a daily basis, PHYQX closed higher 33% of trading days. The best single day was Apr 9, 2020 with a return of +3.0%, while the worst single day was Mar 17, 2020 at -4.2%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20260.59%0.52%-1.27%1.84%0.39%-0.42%1.64%
20251.65%0.96%-1.06%-0.04%1.66%2.05%0.60%1.43%0.35%0.19%0.56%0.49%9.18%
20240.01%0.39%1.28%-1.10%1.25%1.00%2.11%1.43%2.04%-0.63%0.79%-0.27%8.55%
20233.49%-1.58%1.19%1.24%-0.90%1.23%1.90%-0.04%-1.45%-1.47%4.44%3.91%12.34%
2022-2.46%-0.88%-1.39%-3.43%0.34%-6.87%4.77%-2.09%-4.32%2.17%2.14%-0.41%-12.22%
20210.18%0.63%0.17%1.38%0.47%1.01%0.47%0.63%0.25%-0.28%-1.01%1.96%5.99%

Benchmark Metrics

PGIM High Yield Fund Class R6 has an annualized alpha of 4.19%, beta of 0.13, and R2 of 0.17 versus S&P 500 Index. Calculated based on daily prices since November 01, 2011.

  • This fund participated in 38.00% of S&P 500 Index downside but only 35.03% of its upside - more exposed to losses than it benefited from rallies.
  • Beta of 0.13 may look defensive, but with R2 of 0.17 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
  • R2 of 0.17 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
4.19%
Beta
0.13
0.17
Upside Capture
35.03%
Downside Capture
38.00%

Expense Ratio

PHYQX has an expense ratio of 0.38%, placing it in the medium range.


Return for Risk

Risk / Return Rank

PHYQX ranks 72 for risk / return — better than 72% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.


PHYQX Risk / Return Rank: 7272
Overall Rank
PHYQX Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
PHYQX Sortino Ratio Rank: 8181
Sortino Ratio Rank
PHYQX Omega Ratio Rank: 8181
Omega Ratio Rank
PHYQX Calmar Ratio Rank: 6868
Calmar Ratio Rank
PHYQX Martin Ratio Rank: 7676
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for PGIM High Yield Fund Class R6 (PHYQX) and compare them to S&P 500 Index.


PHYQXBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

-0.17

Sortino ratioReturn per unit of downside risk

+0.67

Omega ratioGain probability vs. loss probability

1.53

1.41

+0.11

Calmar ratioReturn relative to maximum drawdown

3.06

2.98

+0.07

Martin ratioReturn relative to average drawdown

13.70

13.78

-0.08

Dividends

Dividend History

PGIM High Yield Fund Class R6 provided a 7.11% dividend yield over the last twelve months, with an annual payout of $0.34 per share.


5.00%5.50%6.00%6.50%7.00%7.50%$0.00$0.10$0.20$0.30$0.4020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
Dividend$0.34$0.34$0.36$0.34$0.29$0.34$0.36$0.35$0.34$0.35$0.27$0.36

Dividend yield

7.11%7.07%7.53%7.09%6.29%6.23%6.56%6.32%6.64%6.38%4.88%7.05%

Monthly Dividends

The table displays the monthly dividend distributions for PGIM High Yield Fund Class R6. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.03$0.03$0.03$0.03$0.03$0.00$0.14
2025$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.34
2024$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.05$0.36
2023$0.03$0.03$0.02$0.03$0.03$0.03$0.03$0.03$0.02$0.02$0.03$0.05$0.34
2022$0.03$0.02$0.03$0.02$0.03$0.00$0.00$0.03$0.03$0.03$0.03$0.05$0.29
2021$0.00$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.02$0.02$0.02$0.09$0.34

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.


Loading charts...

Worst Drawdowns

The table below displays the maximum drawdowns of the PGIM High Yield Fund Class R6. 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 High Yield Fund Class R6 was 21.12%, occurring on Mar 23, 2020. Recovery took 114 trading sessions.

The current PGIM High Yield Fund Class R6 drawdown is 0.42%.


Related event

Drawdown

Fall

Recovery

Underwater

COVID crash2020
-21.12%Mar 2020
28d5mo 13d
6mo 11dFeb 2020 - Sep 2020
Bear market2022
-16.05%Sep 2022
8mo 27d1y 6mo
2y 2moJan 2022 - Mar 2024
2016 correction2016
-11.07%Feb 2016
8mo 14d3mo 28d
1y 7dJun 2015 - Jun 2016
2014 pullback2014
-5.73%Dec 2014
3mo 13d2mo 16d
5mo 29dSep 2014 - Mar 2015
Rate-hike selloffLate 2018
-5.55%Dec 2018
2mo 24d1mo 11d
4mo 5dOct 2018 - Feb 2019

Drawdown Indicators


PHYQXBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-21.12%

-56.78%

+35.66%

Max Drawdown (1Y)

Largest decline over 1 year

-2.47%

-9.10%

+6.63%

Max Drawdown (3Y)

Largest decline over 3 years

-3.76%

-18.90%

+15.14%

Max Drawdown (5Y)

Largest decline over 5 years

-16.05%

-25.43%

+9.38%

Max Drawdown (10Y)

Largest decline over 10 years

-21.12%

-33.92%

+12.80%

Current Drawdown

Current decline from peak

-0.42%

-0.33%

-0.09%

Average Drawdown

Average peak-to-trough decline

-2.23%

-10.72%

+8.49%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.55%

1.97%

-1.42%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


Loading charts...

Portfolio Analyzer

Build a portfolio with PHYQX

Add PGIM High Yield Fund Class R6 to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Analyzer with PHYQX