BULZ vs. PHYL

Last updated Jun 4, 2026

BULZ (MicroSectors Solactive FANG & Innovation 3X Leveraged ETN) and PHYL (PGIM Active High Yield Bond ETF) are both exchange-traded funds - BULZ is a Leveraged Equities fund tracking the Solactive FANG Innovation, while PHYL is a High Yield Bonds fund actively managed by Prudential. BULZ is passively managed, while PHYL is actively managed. Over the past 3 years, BULZ returned 102.20%/yr vs 9.08%/yr for PHYL. A 0.53 correlation means they provide meaningful diversification when combined. BULZ charges 0.95%/yr vs 0.53%/yr for PHYL.

Performance

BULZ vs. PHYL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) and PGIM Active High Yield Bond ETF (PHYL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BULZ achieves a 100.89% return, which is significantly higher than PHYL's 1.36% return.

BULZ

• 1D: -3.69%
• 1M: 48.46%
• YTD: 100.89%
• 6M: 88.97%
• 1Y: 258.75%
• 3Y*: 102.20%
• 5Y*: —
• 10Y*: —

PHYL

• 1D: -0.26%
• 1M: 0.25%
• YTD: 1.36%
• 6M: 1.93%
• 1Y: 7.43%
• 3Y*: 9.08%
• 5Y*: 4.01%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BULZ vs. PHYL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BULZ MicroSectors Solactive FANG & Innovation 3X Leveraged ETN	100.89%	60.09%	54.09%	394.22%	-92.26%	12.62%
PHYL PGIM Active High Yield Bond ETF	1.36%	9.65%	8.45%	11.91%	-11.80%	2.02%

Correlation

The correlation between BULZ and PHYL is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (All Time) Calculated using the full available price history since Aug 19, 2021	0.53

The correlation between BULZ and PHYL has been stable across timeframes, ranging from 0.49 to 0.53 - a consistent structural relationship.

BULZ vs. PHYL - Sectors Allocation Comparison

Sectors	BULZ	PHYL
Technology	62.3%	-
Communication Services	25.0%	41.1%
Consumer Cyclical	12.8%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	59.0%
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

BULZ vs. PHYL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BULZ

BULZ Risk / Return Rank: 76
BULZ Sharpe Ratio Rank: 93
BULZ Sortino Ratio Rank: 67
BULZ Omega Ratio Rank: 68
BULZ Calmar Ratio Rank: 85
BULZ Martin Ratio Rank: 69

PHYL

PHYL Risk / Return Rank: 69
PHYL Sharpe Ratio Rank: 69
PHYL Sortino Ratio Rank: 75
PHYL Omega Ratio Rank: 78
PHYL Calmar Ratio Rank: 56
PHYL Martin Ratio Rank: 69

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.

BULZ vs. PHYL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) and PGIM Active High Yield Bond ETF (PHYL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BULZ	PHYL	Difference
Sharpe ratio: Return per unit of total volatility	3.51	2.30	+1.21
Sortino ratio: Return per unit of downside risk	3.13	3.40	-0.28
Omega ratio: Gain probability vs. loss probability	1.42	1.47	-0.05
Calmar ratio: Return relative to maximum drawdown	4.81	2.79	+2.02
Martin ratio: Return relative to average drawdown	12.88	12.75	+0.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BULZ vs. PHYL - Sharpe Ratio Comparison

The current BULZ Sharpe Ratio is 3.51, which is higher than the PHYL Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of BULZ and PHYL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BULZ	PHYL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.51	2.30	+1.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.71	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	0.71	-0.53

Drawdowns

BULZ vs. PHYL - Drawdown Comparison

The maximum BULZ drawdown since its inception was -94.44%, which is greater than PHYL's maximum drawdown of -22.07%. Use the drawdown chart below to compare losses from any high point for BULZ and PHYL.

Drawdown Indicators

	BULZ	PHYL	Difference
Max Drawdown Largest peak-to-trough decline	-94.44%	-22.07%	-72.37%
Max Drawdown (1Y) Largest decline over 1 year	-54.22%	-2.68%	-51.54%
Max Drawdown (3Y) Largest decline over 3 years	-67.96%	-4.53%	-63.43%
Max Drawdown (5Y) Largest decline over 5 years	—	-16.11%	—
Current Drawdown Current decline from peak	-5.35%	-0.30%	-5.05%
Average Drawdown Average peak-to-trough decline	-58.42%	-3.07%	-55.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.19%	0.58%	+19.61%

Volatility

BULZ vs. PHYL - Volatility Comparison

MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) has a higher volatility of 22.49% compared to PGIM Active High Yield Bond ETF (PHYL) at 1.08%. This indicates that BULZ's price experiences larger fluctuations and is considered to be riskier than PHYL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BULZ	PHYL	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.49%	1.08%	+21.41%
Volatility (6M) Calculated over the trailing 6-month period	56.86%	2.59%	+54.27%
Volatility (1Y) Calculated over the trailing 1-year period	74.35%	3.26%	+71.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	91.23%	5.68%	+85.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	91.23%	7.66%	+83.57%

BULZ vs. PHYL - Expense Ratio Comparison

BULZ has a 0.95% expense ratio, which is higher than PHYL's 0.53% expense ratio.

Dividends

BULZ vs. PHYL - Dividend Comparison

BULZ has not paid dividends to shareholders, while PHYL's dividend yield for the trailing twelve months is around 7.01%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BULZ MicroSectors Solactive FANG & Innovation 3X Leveraged ETN	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PHYL PGIM Active High Yield Bond ETF	7.01%	7.05%	8.28%	7.62%	6.55%	6.13%	7.51%	7.31%	1.79%

Frequently Asked Questions

Can I hold both BULZ and PHYL in my portfolio?

BULZ and PHYL have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BULZ or PHYL?

BULZ has higher volatility (22.49%) compared to PHYL (1.08%). In terms of maximum drawdown, BULZ dropped -94.44% vs PHYL's -22.07%.

Which ETF is better, BULZ or PHYL?

On 3-year performance, BULZ leads with 102.20% vs 9.08% for PHYL. On fees, PHYL is cheaper at 0.53% per year. On volatility, PHYL has been the lower-risk option at 1.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BULZ or PHYL?

Over the 3-year period, BULZ has performed better with a 102.20% return vs 9.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BULZ or PHYL?

PHYL is cheaper with a 0.53% expense ratio, compared with 0.95% for BULZ.

Which ETF pays a higher dividend yield, BULZ or PHYL?

PHYL has the higher dividend yield at 7.01%, compared with 0.00% for BULZ.

What is the main difference between BULZ and PHYL?

BULZ is categorized as Leveraged Equities, while PHYL is High Yield Bonds. They also come from different issuers: BMO and Prudential. Their fees differ too: 0.95% for BULZ and 0.53% for PHYL.

Which has better risk-adjusted returns?

BULZ currently has the higher Sharpe Ratio (3.51 vs 2.30), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.