CELFX vs. PHYQX
Compare and contrast key facts about Cliffwater Enhanced Lending Fund (CELFX) and PGIM High Yield Fund Class R6 (PHYQX).
CELFX is managed by Cliffwater. It was launched on Jul 26, 2021. PHYQX is managed by PGIM Funds (Prudential). It was launched on Oct 31, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CELFX or PHYQX.
Correlation
The correlation between CELFX and PHYQX is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CELFX vs. PHYQX - Performance Comparison
Key characteristics
CELFX:
1.80
PHYQX:
2.21
CELFX:
2.24
PHYQX:
3.35
CELFX:
2.49
PHYQX:
1.53
CELFX:
3.07
PHYQX:
1.95
CELFX:
8.51
PHYQX:
9.16
CELFX:
1.03%
PHYQX:
0.92%
CELFX:
4.90%
PHYQX:
3.83%
CELFX:
-2.87%
PHYQX:
-21.12%
CELFX:
-2.51%
PHYQX:
-3.10%
Returns By Period
In the year-to-date period, CELFX achieves a 0.28% return, which is significantly higher than PHYQX's -0.57% return.
CELFX
0.28%
-1.54%
2.26%
8.90%
N/A
N/A
PHYQX
-0.57%
-2.09%
-0.06%
8.70%
5.76%
4.90%
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CELFX vs. PHYQX - Expense Ratio Comparison
CELFX has a 1.68% expense ratio, which is higher than PHYQX's 0.38% expense ratio.
Risk-Adjusted Performance
CELFX vs. PHYQX — Risk-Adjusted Performance Rank
CELFX
PHYQX
CELFX vs. PHYQX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cliffwater Enhanced Lending Fund (CELFX) and PGIM High Yield Fund Class R6 (PHYQX). 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.
Dividends
CELFX vs. PHYQX - Dividend Comparison
CELFX's dividend yield for the trailing twelve months is around 8.45%, more than PHYQX's 6.95% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CELFX Cliffwater Enhanced Lending Fund | 8.45% | 11.26% | 10.67% | 9.42% | 3.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PHYQX PGIM High Yield Fund Class R6 | 6.95% | 7.53% | 7.11% | 7.14% | 5.63% | 6.12% | 6.31% | 6.70% | 6.39% | 6.50% | 7.03% | 6.73% |
Drawdowns
CELFX vs. PHYQX - Drawdown Comparison
The maximum CELFX drawdown since its inception was -2.87%, smaller than the maximum PHYQX drawdown of -21.12%. Use the drawdown chart below to compare losses from any high point for CELFX and PHYQX. For additional features, visit the drawdowns tool.
Volatility
CELFX vs. PHYQX - Volatility Comparison
Cliffwater Enhanced Lending Fund (CELFX) has a higher volatility of 2.95% compared to PGIM High Yield Fund Class R6 (PHYQX) at 1.94%. This indicates that CELFX's price experiences larger fluctuations and is considered to be riskier than PHYQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.