DHY vs. PJDZX
DHY (Dimensional High Yield Equity Fund) and PJDZX (PGIM Jennison Rising Dividend Fund) are both mutual funds - DHY is a Dividend fund managed by Dimensional, while PJDZX is a Large Cap Blend Equities fund managed by PGIM. Over the past 10 years, DHY returned 5.52%/yr vs 14.30%/yr for PJDZX. Their 0.31 correlation means their historical movements had little consistent relationship. DHY charges 0.04%/yr vs 0.99%/yr for PJDZX.
Performance
DHY vs. PJDZX - Performance Comparison
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Returns By Period
In the year-to-date period, DHY achieves a -7.21% return, which is significantly lower than PJDZX's 10.73% return. Over the past 10 years, DHY has underperformed PJDZX with an annualized return of 5.52%, while PJDZX has yielded a comparatively higher 14.30% annualized return.
DHY
- 1D
- 1.16%
- 1M
- -1.36%
- 6M
- -7.92%
- YTD
- -7.21%
- 1Y
- -9.55%
- 3Y*
- 6.94%
- 5Y*
- 1.93%
- 10Y*
- 5.52%
- ALL TIME*
- 3.99%
PJDZX
- 1D
- 0.10%
- 1M
- -0.92%
- 6M
- 5.84%
- YTD
- 10.73%
- 1Y
- 18.23%
- 3Y*
- 25.77%
- 5Y*
- 13.97%
- 10Y*
- 14.30%
- ALL TIME*
- 12.77%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $920.46K | $1.49M | $1.32M | |
| $0.00 | $0.00 | $0.00 |
DHY vs. PJDZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DHY Dimensional High Yield Equity Fund | -7.21% | 2.19% | 18.18% | 24.13% | -21.75% | 16.99% | 0.10% | 26.18% | -16.10% | 17.06% |
PJDZX PGIM Jennison Rising Dividend Fund | 10.73% | 18.84% | 40.98% | 8.67% | -10.35% | 24.62% | 13.96% | 32.01% | -7.14% | 17.53% |
Correlation
The correlation between DHY and PJDZX is 0.25, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.25 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.33 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.31 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2014 | 0.31 |
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Return for Risk
DHY vs. PJDZX — Risk / Return Rank
DHY
PJDZX
DHY vs. PJDZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional High Yield Equity Fund (DHY) and PGIM Jennison Rising Dividend Fund (PJDZX). 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.
| DHY | PJDZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.53 | ||
| Sortino ratioReturn per unit of downside risk | -3.52 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.32 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | 3.06 | -3.79 |
| Martin ratioReturn relative to average drawdown | -1.38 | 12.82 | -14.20 |
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Drawdowns
DHY vs. PJDZX - Drawdown Comparison
The maximum DHY drawdown since its inception was -71.47%, which is greater than PJDZX's maximum drawdown of -33.59%. Use the drawdown chart below to compare losses from any high point for DHY and PJDZX.
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Drawdown Indicators
| DHY | PJDZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.47% | -33.59% | -37.88% |
Max Drawdown (1Y)Largest decline over 1 year | -13.03% | -6.54% | -6.49% |
Max Drawdown (3Y)Largest decline over 3 years | -13.03% | -16.11% | +3.08% |
Max Drawdown (5Y)Largest decline over 5 years | -27.23% | -17.57% | -9.66% |
Max Drawdown (10Y)Largest decline over 10 years | -41.36% | -33.59% | -7.77% |
Current DrawdownCurrent decline from peak | -10.45% | -1.44% | -9.01% |
Average DrawdownAverage peak-to-trough decline | -12.35% | -3.96% | -8.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.91% | 1.56% | +5.35% |
Volatility
DHY vs. PJDZX - Volatility Comparison
Dimensional High Yield Equity Fund (DHY) has a higher volatility of 5.34% compared to PGIM Jennison Rising Dividend Fund (PJDZX) at 2.73%. This indicates that DHY's price experiences larger fluctuations and is considered to be riskier than PJDZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DHY | PJDZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 2.73% | +2.61% |
Volatility (6M)Calculated over the trailing 6-month period | 10.94% | 8.85% | +2.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.14% | 11.16% | +1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.37% | 16.40% | -1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.99% | 17.29% | +0.70% |
DHY vs. PJDZX - Expense Ratio Comparison
DHY has a 0.04% expense ratio, which is lower than PJDZX's 0.99% expense ratio.
Dividends
DHY vs. PJDZX - Dividend Comparison
DHY's dividend yield for the trailing twelve months is around 10.63%, more than PJDZX's 5.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHY Dimensional High Yield Equity Fund | 10.63% | 9.30% | 8.69% | 9.39% | 10.57% | 7.61% | 8.68% | 9.02% | 11.20% | 9.40% | 10.52% | 12.63% |
PJDZX PGIM Jennison Rising Dividend Fund | 5.77% | 6.44% | 34.62% | 1.21% | 0.93% | 8.48% | 4.75% | 4.32% | 10.34% | 1.83% | 1.48% | 1.31% |
Frequently Asked Questions
DHY and PJDZX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DHY has higher volatility (5.34%) compared to PJDZX (2.73%). In terms of maximum drawdown, DHY dropped -71.47% vs PJDZX's -33.59%.
PJDZX currently has the higher Sharpe Ratio (1.80 vs -0.73), 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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