DFAPX vs. PHYQX
DFAPX (DFA Investment Grade Portfolio) and PHYQX (PGIM High Yield Fund Class R6) are both mutual funds - DFAPX is a Intermediate Core Bond fund managed by Dimensional, while PHYQX is a High Yield Bonds fund managed by PGIM. Over the past 10 years, DFAPX returned 1.95%/yr vs 5.91%/yr for PHYQX. At a 0.22 correlation, their price movements are largely independent. DFAPX charges 0.20%/yr vs 0.38%/yr for PHYQX.
Performance
DFAPX vs. PHYQX - Performance Comparison
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Returns By Period
In the year-to-date period, DFAPX achieves a 0.55% return, which is significantly lower than PHYQX's 1.64% return. Over the past 10 years, DFAPX has underperformed PHYQX with an annualized return of 1.95%, while PHYQX has yielded a comparatively higher 5.91% annualized return.
DFAPX
- 1D
- -0.29%
- 1M
- 0.59%
- YTD
- 0.55%
- 6M
- 0.65%
- 1Y
- 4.32%
- 3Y*
- 4.49%
- 5Y*
- 0.49%
- 10Y*
- 1.95%
PHYQX
- 1D
- -0.21%
- 1M
- 0.60%
- YTD
- 1.64%
- 6M
- 2.43%
- 1Y
- 6.86%
- 3Y*
- 9.30%
- 5Y*
- 4.05%
- 10Y*
- 5.91%
DFAPX vs. PHYQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DFAPX DFA Investment Grade Portfolio | 0.55% | 7.22% | 1.81% | 6.84% | -12.92% | -1.57% | 9.19% | 9.97% | -0.24% | 3.37% |
PHYQX PGIM High Yield Fund Class R6 | 1.64% | 9.18% | 8.55% | 12.34% | -12.22% | 5.99% | 5.79% | 16.29% | -1.18% | 7.74% |
Correlation
The correlation between DFAPX and PHYQX is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012 | 0.22 |
Over the past year, DFAPX and PHYQX have become more correlated (0.60) than their long-term average of 0.22, meaning their price movements have been converging.
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Return for Risk
DFAPX vs. PHYQX — Risk / Return Rank
DFAPX
PHYQX
DFAPX vs. PHYQX - Risk-Adjusted Trends 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.
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.
| DFAPX | PHYQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.47 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 2.88 | -1.16 |
| Martin ratioReturn relative to average drawdown | 4.67 | 12.70 | -8.03 |
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Drawdowns
DFAPX vs. PHYQX - Drawdown Comparison
The maximum DFAPX drawdown since its inception was -18.30%, 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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Drawdown Indicators
| DFAPX | PHYQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.30% | -21.12% | +2.82% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -2.47% | -0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -4.74% | -3.76% | -0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -18.22% | -16.05% | -2.17% |
Max Drawdown (10Y)Largest decline over 10 years | -18.30% | -21.12% | +2.82% |
Current DrawdownCurrent decline from peak | -1.30% | -0.42% | -0.88% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -2.22% | -1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 0.56% | +0.41% |
Volatility
DFAPX vs. PHYQX - Volatility Comparison
DFA Investment Grade Portfolio (DFAPX) and PGIM High Yield Fund Class R6 (PHYQX) have volatilities of 1.11% and 1.13%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFAPX | PHYQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 1.13% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.79% | 2.86% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.85% | 3.63% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.82% | 5.11% | +0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.89% | 5.48% | -0.59% |
DFAPX vs. PHYQX - Expense Ratio Comparison
DFAPX has a 0.20% expense ratio, which is lower than PHYQX's 0.38% expense ratio.
Dividends
DFAPX vs. PHYQX - Dividend Comparison
DFAPX's dividend yield for the trailing twelve months is around 3.74%, less than PHYQX's 7.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFAPX DFA Investment Grade Portfolio | 3.74% | 3.78% | 3.79% | 3.31% | 2.62% | 3.31% | 2.14% | 2.59% | 2.67% | 2.21% | 2.12% | 2.45% |
PHYQX PGIM High Yield Fund Class R6 | 7.11% | 7.07% | 7.53% | 7.09% | 6.29% | 6.23% | 6.56% | 6.32% | 6.64% | 6.38% | 4.88% | 7.05% |
Frequently Asked Questions
DFAPX and PHYQX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PHYQX has higher volatility (1.13%) compared to DFAPX (1.11%). In terms of maximum drawdown, DFAPX dropped -18.30% vs PHYQX's -21.12%.
PHYQX currently has the higher Sharpe Ratio (1.97 vs 1.19), 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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