FNGZX vs. PHYL
FNGZX (Franklin International Growth Fund) and PHYL (PGIM Active High Yield Bond ETF) are both funds - FNGZX is a Foreign Large Cap Equities fund managed by Franklin Templeton, while PHYL is a High Yield Bonds fund actively managed by PGIM. Over the past 5 years, FNGZX returned -4.10%/yr vs 3.94%/yr for PHYL. Their 0.63 correlation means they have sometimes moved together and sometimes differently. FNGZX charges 0.86%/yr vs 0.53%/yr for PHYL.
Performance
FNGZX vs. PHYL - Performance Comparison
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Returns By Period
In the year-to-date period, FNGZX achieves a -2.00% return, which is significantly lower than PHYL's 1.74% return.
FNGZX
- 1D
- -1.04%
- 1M
- -2.62%
- 6M
- -3.93%
- YTD
- -2.00%
- 1Y
- -2.49%
- 3Y*
- 3.32%
- 5Y*
- -4.10%
- 10Y*
- 6.09%
- ALL TIME*
- 4.16%
PHYL
- 1D
- 0.30%
- 1M
- -0.29%
- 6M
- 1.13%
- YTD
- 1.74%
- 1Y
- 5.27%
- 3Y*
- 8.58%
- 5Y*
- 3.94%
- 10Y*
- —
- ALL TIME*
- 5.38%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $11.80M | $8.40M | $6.03M |
FNGZX vs. PHYL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FNGZX Franklin International Growth Fund | -2.00% | 10.54% | 0.66% | 15.24% | -31.87% | 0.45% | 32.90% | 37.18% | -20.05% |
PHYL PGIM Active High Yield Bond ETF | 1.74% | 9.65% | 8.45% | 11.91% | -11.80% | 6.20% | 6.31% | 16.77% | -4.17% |
Correlation
The correlation between FNGZX and PHYL is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.72 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2018 | 0.63 |
The correlation between FNGZX and PHYL has been stable across timeframes, ranging from 0.63 to 0.72 - a consistent structural relationship.
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Return for Risk
FNGZX vs. PHYL — Risk / Return Rank
FNGZX
PHYL
FNGZX vs. PHYL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin International Growth Fund (FNGZX) 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.
| FNGZX | PHYL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.44 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.30 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 1.98 | -2.16 |
| Martin ratioReturn relative to average drawdown | -0.49 | 8.70 | -9.20 |
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Drawdowns
FNGZX vs. PHYL - Drawdown Comparison
The maximum FNGZX drawdown since its inception was -53.35%, which is greater than PHYL's maximum drawdown of -22.07%. Use the drawdown chart below to compare losses from any high point for FNGZX and PHYL.
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Drawdown Indicators
| FNGZX | PHYL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.35% | -22.07% | -31.28% |
Max Drawdown (1Y)Largest decline over 1 year | -17.29% | -2.68% | -14.61% |
Max Drawdown (3Y)Largest decline over 3 years | -20.18% | -4.53% | -15.65% |
Max Drawdown (5Y)Largest decline over 5 years | -47.63% | -16.11% | -31.52% |
Max Drawdown (10Y)Largest decline over 10 years | -47.63% | — | — |
Current DrawdownCurrent decline from peak | -22.67% | -0.43% | -22.24% |
Average DrawdownAverage peak-to-trough decline | -14.23% | -3.01% | -11.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.46% | 0.61% | +5.85% |
Volatility
FNGZX vs. PHYL - Volatility Comparison
Franklin International Growth Fund (FNGZX) has a higher volatility of 4.89% compared to PGIM Active High Yield Bond ETF (PHYL) at 0.92%. This indicates that FNGZX'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
| FNGZX | PHYL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.89% | 0.92% | +3.97% |
Volatility (6M)Calculated over the trailing 6-month period | 14.80% | 2.84% | +11.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.19% | 3.40% | +14.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.49% | 5.70% | +15.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.10% | 7.59% | +12.51% |
FNGZX vs. PHYL - Expense Ratio Comparison
FNGZX has a 0.86% expense ratio, which is higher than PHYL's 0.53% expense ratio.
Dividends
FNGZX vs. PHYL - Dividend Comparison
FNGZX's dividend yield for the trailing twelve months is around 3.44%, less than PHYL's 6.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNGZX Franklin International Growth Fund | 3.44% | 3.37% | 2.07% | 0.00% | 1.74% | 1.11% | 2.23% | 0.30% | 2.04% | 1.31% | 0.90% | 0.36% |
PHYL PGIM Active High Yield Bond ETF | 6.98% | 7.05% | 8.28% | 7.62% | 6.55% | 6.13% | 7.51% | 7.31% | 1.79% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FNGZX and PHYL have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNGZX has higher volatility (4.89%) compared to PHYL (0.92%). In terms of maximum drawdown, FNGZX dropped -53.35% vs PHYL's -22.07%.
PHYL currently has the higher Sharpe Ratio (1.56 vs -0.18), 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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