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 17 mutual funds in the High Yield Bonds category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes High-Yield Strategy Portfolio | 0.02% | — | Dec 2008 | PHYZX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.12% | 25.80B | Nov 2001 | PHYZX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | PHYZX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.22% | 25.80B | Dec 1978 | PHYZX vs VWEHX | |
| 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 69. There are 104 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 | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 100 | — | Dec 2014 | PHYZX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | — | Mar 2019 | PHYZX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | PHYZX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 97 | — | Jul 2014 | PHYZX vs CWFIX | |
| Penn Capital Short Duration High Income Fund | 97 | — | Jul 2017 | PHYZX vs PSHNX |
Top Performing PHYZX Alternatives (YTD)
PHYZX is at 1.96% YTD. There are 83 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 9.42%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 9.42% | — | Dec 2014 | PHYZX vs XILSX | |
| Fairholme Focused Income Fund | 8.79% | — | Dec 2009 | PHYZX vs FOCIX | |
| Fidelity Capital & Income Fund | 7.46% | — | Nov 1977 | PHYZX vs FAGIX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 6.76% | — | Oct 2018 | PHYZX vs FIQTX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 6.70% | — | Jul 1995 | PHYZX vs FAHCX |
Lowest Volatility Alternatives to PHYZX
PHYZX has 3.54% 1-year volatility. There are 141 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.85%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.85% | — | Mar 2019 | PHYZX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.85% | — | Sep 2010 | PHYZX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 1.50% | — | Jul 2014 | PHYZX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.63% | — | Oct 2012 | PHYZX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.70% | — | Aug 2002 | PHYZX vs OSTIX |
Lowest Drawdown Alternatives to PHYZX
PHYZX has a 1-year max drawdown of -2.47%. There are 94 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 | |
|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | -0.10% | — | Sep 2010 | PHYZX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.19% | — | Mar 2019 | PHYZX vs CCLFX | |
| Pioneer ILS Interval Fund | -0.21% | — | Dec 2014 | PHYZX vs XILSX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | PHYZX vs MDHVX | |
| 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 | |
|---|---|---|---|---|---|---|---|
| PGIM Jennison Growth Fund | Large Cap Growth Equities | 13 | 6.84% | — | Nov 1995 | PHYZX vs PJFAX | |
| PGIM High Yield Fund Class R6 | High Yield Bonds | 71 | 2.01% | — | Oct 2011 | PHYZX vs PHYQX | |
| PGIM Total Return Bond R6 | Intermediate Core-Plus Bond | 24 | 0.31% | — | Dec 2010 | PHYZX vs PTRQX | |
| PGIM Short Duration Multi-Sector Bond Fund | Short-Term Bond | 58 | 1.18% | — | Dec 2013 | PHYZX vs SDMZX | |
| PGIM Total Return Bond Fund Class Z | Intermediate Core-Plus Bond | 23 | 0.34% | — | Jan 1997 | PHYZX vs PDBZX | |
| PGIM Floating Rate Income Fund | Bank Loan | 96 | 2.82% | — | Mar 2011 | PHYZX vs FRFZX | |
| PGIM 60/40 Allocation Fund | Diversified Portfolio | 78 | 7.60% | — | Sep 2017 | PHYZX vs PALDX | |
| PGIM High Yield Fund | High Yield Bonds | 67 | 1.83% | — | Jan 1990 | PHYZX vs PBHAX | |
| PGIM Short Duration High Yield Income Fund | High Yield Bonds | 69 | 1.66% | — | Oct 2012 | PHYZX vs HYSZX | |
| PGIM Jennison International Opportunities Fund | Foreign Large Cap Equities | 8 | 9.47% | — | Jun 2012 | PHYZX vs PWJZX |
Often Compared With PHYZX
Investors most often compare PHYZX with APDFX, JMSIX, MNHAX. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare PHYZX with Any Fund or Stock
Compare PHYZX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
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