Correlation
The correlation between DFAPX and PHYQX is -0.14. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
DFAPX vs. PHYQX
Compare and contrast key facts about DFA Investment Grade Portfolio (DFAPX) and PGIM High Yield Fund Class R6 (PHYQX).
DFAPX is managed by Dimensional Fund Advisors LP. It was launched on Mar 7, 2011. 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: DFAPX or PHYQX.
Performance
DFAPX vs. PHYQX - Performance Comparison
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Key characteristics
DFAPX:
1.05
PHYQX:
2.61
DFAPX:
1.52
PHYQX:
3.86
DFAPX:
1.18
PHYQX:
1.63
DFAPX:
0.48
PHYQX:
2.61
DFAPX:
2.77
PHYQX:
10.89
DFAPX:
1.92%
PHYQX:
0.90%
DFAPX:
5.12%
PHYQX:
3.87%
DFAPX:
-19.45%
PHYQX:
-21.12%
DFAPX:
-5.85%
PHYQX:
-0.05%
Returns By Period
The year-to-date returns for both investments are quite close, with DFAPX having a 2.52% return and PHYQX slightly higher at 2.57%. Over the past 10 years, DFAPX has underperformed PHYQX with an annualized return of 1.85%, while PHYQX has yielded a comparatively higher 5.14% annualized return.
DFAPX
2.52%
-0.40%
0.76%
5.31%
2.31%
-0.65%
1.85%
PHYQX
2.57%
1.06%
2.30%
10.03%
6.21%
5.45%
5.14%
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DFAPX vs. PHYQX - Expense Ratio Comparison
DFAPX has a 0.20% expense ratio, which is lower than PHYQX's 0.38% expense ratio.
Risk-Adjusted Performance
DFAPX vs. PHYQX — Risk-Adjusted Performance Rank
DFAPX
PHYQX
DFAPX vs. PHYQX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Investment Grade Portfolio (DFAPX) 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.
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Dividends
DFAPX vs. PHYQX - Dividend Comparison
DFAPX's dividend yield for the trailing twelve months is around 3.68%, less than PHYQX's 7.43% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFAPX DFA Investment Grade Portfolio | 3.68% | 3.80% | 3.31% | 2.62% | 2.76% | 2.14% | 2.73% | 2.67% | 2.22% | 2.12% | 2.46% | 2.42% |
PHYQX PGIM High Yield Fund Class R6 | 7.43% | 7.53% | 7.11% | 7.14% | 6.72% | 6.57% | 6.31% | 6.70% | 6.39% | 6.50% | 7.03% | 6.73% |
Drawdowns
DFAPX vs. PHYQX - Drawdown Comparison
The maximum DFAPX drawdown since its inception was -19.45%, smaller than the maximum PHYQX drawdown of -21.12%. Use the drawdown chart below to compare losses from any high point for DFAPX and PHYQX.
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Volatility
DFAPX vs. PHYQX - Volatility Comparison
DFA Investment Grade Portfolio (DFAPX) has a higher volatility of 1.46% compared to PGIM High Yield Fund Class R6 (PHYQX) at 0.74%. This indicates that DFAPX'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.
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