GHY vs. FQTIX
GHY (PGIM Global High Yield Fund) and FQTIX (Franklin Templeton SMACS: Series I) are both High Yield Bonds funds. Over the past 5 years, GHY returned 5.02%/yr vs 3.66%/yr for FQTIX. At a 0.46 correlation, their price movements are largely independent. GHY charges 0.03%/yr vs 0.00%/yr for FQTIX.
Performance
GHY vs. FQTIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GHY achieves a 1.61% return, which is significantly lower than FQTIX's 3.71% return.
GHY
- 1D
- 0.76%
- 1M
- 1.74%
- 6M
- -0.88%
- YTD
- 1.61%
- 1Y
- -2.10%
- 3Y*
- 13.18%
- 5Y*
- 5.02%
- 10Y*
- 7.03%
FQTIX
- 1D
- -0.12%
- 1M
- 0.03%
- 6M
- 2.95%
- YTD
- 3.71%
- 1Y
- 8.36%
- 3Y*
- 8.01%
- 5Y*
- 3.66%
- 10Y*
- —
GHY vs. FQTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GHY PGIM Global High Yield Fund | 1.61% | 10.46% | 20.25% | 17.29% | -20.04% | 12.73% | 6.33% | 16.01% |
FQTIX Franklin Templeton SMACS: Series I | 3.71% | 7.51% | 8.03% | 13.44% | -14.39% | 8.51% | 3.68% | 4.11% |
Correlation
The correlation between GHY and FQTIX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2019 | 0.46 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GHY vs. FQTIX — Risk / Return Rank
GHY
FQTIX
GHY vs. FQTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Global High Yield Fund (GHY) and Franklin Templeton SMACS: Series I (FQTIX). 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.
| GHY | FQTIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.92 | ||
| Sortino ratioReturn per unit of downside risk | -4.30 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.61 | -0.63 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 3.84 | -4.01 |
| Martin ratioReturn relative to average drawdown | -0.46 | 20.11 | -20.56 |
Loading charts...
Drawdowns
GHY vs. FQTIX - Drawdown Comparison
The maximum GHY drawdown since its inception was -41.35%, which is greater than FQTIX's maximum drawdown of -24.62%. Use the drawdown chart below to compare losses from any high point for GHY and FQTIX.
Loading charts...
Drawdown Indicators
| GHY | FQTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.35% | -24.62% | -16.73% |
Max Drawdown (1Y)Largest decline over 1 year | -11.94% | -2.20% | -9.74% |
Max Drawdown (3Y)Largest decline over 3 years | -16.36% | -6.42% | -9.94% |
Max Drawdown (5Y)Largest decline over 5 years | -29.50% | -18.81% | -10.69% |
Max Drawdown (10Y)Largest decline over 10 years | -41.35% | — | — |
Current DrawdownCurrent decline from peak | -3.66% | -0.37% | -3.29% |
Average DrawdownAverage peak-to-trough decline | -6.01% | -4.25% | -1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.62% | 0.42% | +4.20% |
Volatility
GHY vs. FQTIX - Volatility Comparison
PGIM Global High Yield Fund (GHY) has a higher volatility of 3.35% compared to Franklin Templeton SMACS: Series I (FQTIX) at 0.71%. This indicates that GHY's price experiences larger fluctuations and is considered to be riskier than FQTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GHY | FQTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 0.71% | +2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 8.66% | 2.44% | +6.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.04% | 3.09% | +7.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.28% | 5.94% | +8.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.34% | 7.67% | +7.67% |
GHY vs. FQTIX - Expense Ratio Comparison
GHY has a 0.03% expense ratio, which is higher than FQTIX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GHY vs. FQTIX - Dividend Comparison
GHY's dividend yield for the trailing twelve months is around 10.59%, more than FQTIX's 6.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FQTIX Franklin Templeton SMACS: Series I | 6.92% | 5.70% | 7.86% | 7.64% | 8.10% | 7.15% | 6.89% | 5.63% | 0.00% | 0.00% | 0.00% | 0.00% |
GHY PGIM Global High Yield Fund | 10.59% | 10.21% | 10.23% | 11.09% | 11.62% | 8.35% | 8.67% | 8.04% | 7.72% | 7.77% | 8.53% | 10.07% |
Frequently Asked Questions
GHY and FQTIX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GHY has higher volatility (3.35%) compared to FQTIX (0.71%). In terms of maximum drawdown, GHY dropped -41.35% vs FQTIX's -24.62%.
FQTIX currently has the higher Sharpe Ratio (2.73 vs -0.19), 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.
Find the right allocation for GHY and FQTIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer