BULZ vs. PHYL
BULZ (MicroSectors FANG & Innovation 3X Leveraged ETNs) and PHYL (PGIM Active High Yield Bond ETF) are both exchange-traded funds - BULZ is a Leveraged Equities fund tracking the Solactive FANG Innovation Index (300%), 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 74.62%/yr vs 9.30%/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
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Returns By Period
In the year-to-date period, BULZ achieves a 42.05% return, which is significantly higher than PHYL's 1.60% return.
BULZ
- 1D
- -11.88%
- 1M
- -15.57%
- YTD
- 42.05%
- 6M
- 35.20%
- 1Y
- 135.83%
- 3Y*
- 74.62%
- 5Y*
- —
- 10Y*
- —
PHYL
- 1D
- -0.01%
- 1M
- 0.35%
- YTD
- 1.60%
- 6M
- 1.84%
- 1Y
- 6.59%
- 3Y*
- 9.30%
- 5Y*
- 4.00%
- 10Y*
- —
BULZ vs. PHYL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BULZ MicroSectors FANG & Innovation 3X Leveraged ETNs | 42.05% | 60.09% | 54.09% | 394.22% | -92.26% | 9.17% |
PHYL PGIM Active High Yield Bond ETF | 1.60% | 9.65% | 8.45% | 11.91% | -11.80% | 1.87% |
Correlation
The correlation between BULZ and PHYL is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 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.
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Return for Risk
BULZ vs. PHYL — Risk / Return Rank
BULZ
PHYL
BULZ vs. PHYL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG & Innovation 3X Leveraged ETNs (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.
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.
| BULZ | PHYL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.40 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | 2.47 | +0.05 |
| Martin ratioReturn relative to average drawdown | 6.50 | 11.23 | -4.73 |
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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.
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Drawdown Indicators
| BULZ | PHYL | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -33.07% | -0.30% | -32.77% |
Average DrawdownAverage peak-to-trough decline | -58.02% | -3.05% | -54.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.98% | 0.59% | +20.39% |
Volatility
BULZ vs. PHYL - Volatility Comparison
MicroSectors FANG & Innovation 3X Leveraged ETNs (BULZ) has a higher volatility of 35.31% compared to PGIM Active High Yield Bond ETF (PHYL) at 1.06%. 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.
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Volatility by Period
| BULZ | PHYL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 35.31% | 1.06% | +34.25% |
Volatility (6M)Calculated over the trailing 6-month period | 63.55% | 2.72% | +60.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 80.03% | 3.35% | +76.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 91.84% | 5.70% | +86.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 91.84% | 7.64% | +84.20% |
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 6.99%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BULZ MicroSectors FANG & Innovation 3X Leveraged ETNs | 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 | 6.99% | 7.05% | 8.28% | 7.62% | 6.55% | 6.13% | 7.51% | 7.31% | 1.79% |
Frequently Asked Questions
BULZ and PHYL have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BULZ has higher volatility (35.31%) compared to PHYL (1.06%). In terms of maximum drawdown, BULZ dropped -94.44% vs PHYL's -22.07%.
On 3-year performance, BULZ leads with 74.62% vs 9.30% for PHYL. On fees, PHYL is cheaper at 0.53% per year. On volatility, PHYL has been the lower-risk option at 1.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BULZ has performed better with a 74.62% return vs 9.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PHYL is cheaper with a 0.53% expense ratio, compared with 0.95% for BULZ.
PHYL has the higher dividend yield at 6.99%, compared with 0.00% for BULZ.
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.
PHYL currently has the higher Sharpe Ratio (1.98 vs 1.71), 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.
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