PHYZX Alternatives & Similar Mutual Funds

PGIM High Yield Fund Class Z (PHYZX) belongs to the High Yield Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PHYZX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to PHYZX

PHYZX charges 0.51% annually. There are 18 mutual funds in the High Yield Bonds category with lower expense ratios, going as low as 0.02%.

Symbol	Name	Expense Ratio	AUM	Inception
FHYSX	Federated Hermes High-Yield Strategy Portfolio	0.02%	—	Dec 2008	PHYZX vs FHYSX
VWEAX	Vanguard High-Yield Corporate Fund Admiral Shares	0.12%	25.80B	Nov 2001	PHYZX vs VWEAX
PIAMX	PIA High Yield (MACS) Fund	0.20%	—	Dec 2017	PHYZX vs PIAMX
VWEHX	Vanguard High-Yield Corporate Fund Investor Shares	0.22%	25.80B	Dec 1978	PHYZX vs VWEHX
CRDOX	Six Circles Credit Opportunities Fund	0.29%	—	Nov 2020	PHYZX vs CRDOX

Best Risk-Adjusted Alternatives to PHYZX

PHYZX has a PortfoliosLab risk / return rank of 62. There are 116 mutual funds in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 100.

Symbol	Name	Risk / Return Rank	AUM	Inception
XILSX	Pioneer ILS Interval Fund	100	—	Dec 2014	PHYZX vs XILSX
CCLFX	Cliffwater Corporate Lending Fund Class I Shares	100	—	Jun 2019	PHYZX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	100	—	Sep 2010	PHYZX vs RPHIX
ICMUX	Intrepid Income Fund	97	—	Aug 2010	PHYZX vs ICMUX
PSHNX	Penn Capital Short Duration High Income Fund	97	—	Jul 2017	PHYZX vs PSHNX

Top Performing PHYZX Alternatives (YTD)

PHYZX is at 1.11% YTD. There are 113 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 10.04%.

Symbol	Name	YTD Return	AUM	Inception
XILSX	Pioneer ILS Interval Fund	10.04%	—	Dec 2014	PHYZX vs XILSX
FOCIX	Fairholme Focused Income Fund	9.48%	—	Dec 2009	PHYZX vs FOCIX
FAGIX	Fidelity Capital & Income Fund	5.47%	—	Nov 1977	PHYZX vs FAGIX
JGH	Nuveen Global High Income Fund	5.11%	—	Nov 2014	PHYZX vs JGH
FIQTX	Fidelity Advisor High Income Advantage Fund Class ...	4.93%	—	Oct 2018	PHYZX vs FIQTX

Lowest Volatility Alternatives to PHYZX

PHYZX has 3.59% 1-year volatility. There are 147 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.83%.

Symbol	Name	Volatility 1Y	AUM	Inception
RPHIX	RiverPark Short Term High Yield Fund	0.83%	—	Sep 2010	PHYZX vs RPHIX
CCLFX	Cliffwater Corporate Lending Fund Class I Shares	0.85%	—	Jun 2019	PHYZX vs CCLFX
CWFIX	Chartwell Short Duration High Yield Fund	1.51%	—	Jul 2014	PHYZX vs CWFIX
SCFIX	Shenkman Capital Short Duration High Income Fund	1.64%	—	Oct 2012	PHYZX vs SCFIX
OSTIX	Osterweis Strategic Income Fund	1.77%	—	Aug 2002	PHYZX vs OSTIX

Lowest Drawdown Alternatives to PHYZX

PHYZX has a 1-year max drawdown of -2.47%. There are 96 mutual funds in the High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -0.10%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
XILSX	Pioneer ILS Interval Fund	-0.10%	—	Dec 2014	PHYZX vs XILSX
RPHIX	RiverPark Short Term High Yield Fund	-0.10%	—	Sep 2010	PHYZX vs RPHIX
CCLFX	Cliffwater Corporate Lending Fund Class I Shares	-0.19%	—	Jun 2019	PHYZX vs CCLFX
MDHVX	MainStay MacKay Short Duration High Yield Fund	-1.06%	—	Dec 2012	PHYZX vs MDHVX
SCFIX	Shenkman Capital Short Duration High Income Fund	-1.11%	—	Oct 2012	PHYZX vs SCFIX

Other Mutual Funds from PGIM

The 10 most viewed PGIM mutual funds shown here include PJFAX, PHYQX, PTRQX and span 7 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
PJFAX	PGIM Jennison Growth Fund	Large Cap Growth Equities	11	2.54%	—	Nov 1995	PHYZX vs PJFAX
PHYQX	PGIM High Yield Fund Class R6	High Yield Bonds	65	1.16%	—	Oct 2011	PHYZX vs PHYQX
PTRQX	PGIM Total Return Bond R6	Intermediate Core-Plus Bond	26	-0.45%	—	Dec 2010	PHYZX vs PTRQX
FRFZX	PGIM Floating Rate Income Fund	Bank Loan	97	2.71%	—	Mar 2011	PHYZX vs FRFZX
PDBZX	PGIM Total Return Bond Fund Class Z	Intermediate Core-Plus Bond	24	-0.50%	—	Jan 1997	PHYZX vs PDBZX
PALDX	PGIM 60/40 Allocation Fund	Diversified Portfolio	76	6.54%	—	Sep 2017	PHYZX vs PALDX
SDMZX	PGIM Short Duration Multi-Sector Bond Fund	Short-Term Bond	63	0.95%	—	Dec 2013	PHYZX vs SDMZX
PBHAX	PGIM High Yield Fund	High Yield Bonds	63	0.98%	—	Jan 1990	PHYZX vs PBHAX
HYSZX	PGIM Short Duration High Yield Income Fund	High Yield Bonds	67	1.05%	—	Oct 2012	PHYZX vs HYSZX
PWJZX	PGIM Jennison International Opportunities Fund	Foreign Large Cap Equities	7	2.22%	—	Jun 2012	PHYZX vs PWJZX

Often Compared With PHYZX

Investors most often compare PHYZX with APDFX, JMSIX, MNHAX. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
APDFX	Artisan High Income Fund Advisor Class	High Yield Bonds	60	0.86%	—	Mar 2014	PHYZX vs APDFX
JMSIX	JPMorgan Income Fund Class I	Multisector Bonds, Investment Grade Bonds, High Yield Bonds, Actively Managed	87	1.12%	—	Jun 2014	PHYZX vs JMSIX
MNHAX	Manning & Napier High Yield Bond I	High Yield Bonds	79	2.46%	—	Aug 2012	PHYZX vs MNHAX
SEIX	Virtus Seix Senior Loan ETF	Bank Loan, High Yield Bonds, Actively Managed	96	2.94%	251.21M	Apr 2019	PHYZX vs SEIX
RGHYX	RBC BlueBay High Yield Bond Fund	High Yield Bonds	73	1.35%	—	Nov 2011	PHYZX vs RGHYX
VEA	Vanguard FTSE Developed Markets ETF	Foreign Large Cap Equities	75	13.84%	316.30B	Jul 2007	PHYZX vs VEA
SCYB	Schwab High Yield Bond ETF	High Yield Bonds	67	1.87%	2.75B	Jul 2023	PHYZX vs SCYB
SREZX	PGIM Select Real Estate Fund	REIT	58	16.05%	—	Jul 2014	PHYZX vs SREZX
FSHNX	Fidelity Series High Income Fund	High Yield Bonds	95	2.61%	—	Mar 2011	PHYZX vs FSHNX
BALT	Innovator Defined Wealth Shield ETF	Defined Outcome	96	2.78%	2.72B	Jun 2021	PHYZX vs BALT
PRCPX	T. Rowe Price Credit Opportunities Fund	High Yield Bonds	77	1.69%	—	Apr 2014	PHYZX vs PRCPX
NPSRX	Nuveen Preferred Securities & Income Fund	Preferred Stock	73	0.35%	—	Dec 2006	PHYZX vs NPSRX
PRFRX	T. Rowe Price Floating Rate Fund - Investor Class	High Yield Bonds	90	1.84%	—	Jul 2011	PHYZX vs PRFRX
PBSMX	PGIM Short-Term Corporate Bond Fund	Short-Term Bond	66	0.34%	—	Sep 1989	PHYZX vs PBSMX
THHYX	Toews Tactical Income Fund	High Yield Bonds	26	-0.03%	—	Jun 2010	PHYZX vs THHYX
FQTIX	Franklin Templeton SMACS: Series I	High Yield Bonds	92	3.15%	—	Jun 2019	PHYZX vs FQTIX
RSIIX	RiverPark Strategic Income Fund	High Yield Bonds	69	2.32%	—	Sep 2013	PHYZX vs RSIIX
CPMPX	Changing Parameters Fund	High Yield Bonds	80	0.85%	—	Oct 2006	PHYZX vs CPMPX
SVAIX	Federated Hermes Strategic Value Dividend Fund	Large Cap Value Equities	94	15.85%	—	Mar 2005	PHYZX vs SVAIX
PGOAX	PGIM Jennison Small Company Fund	Small Cap Growth Equities	67	13.62%	—	Jan 1990	PHYZX vs PGOAX

Compare PHYZX with Any Fund or Stock

Compare PHYZX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair PHYZX with funds that move differently

PGIM High Yield Fund Class Z alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PHYZX.

Explore PHYZX Diversifiers

PGIM High Yield Fund Class Z (PHYZX) Alternatives