GHY vs. PDBZX
Compare and contrast key facts about PGIM Global High Yield Fund (GHY) and PGIM Total Return Bond Fund Class Z (PDBZX).
GHY is managed by PGIM. It was launched on Dec 26, 2012. PDBZX is managed by PGIM. It was launched on Jan 14, 1997.
Performance
GHY vs. PDBZX - Performance Comparison
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GHY vs. PDBZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GHY PGIM Global High Yield Fund | -3.98% | 10.46% | 20.25% | 17.29% | -20.04% | 12.73% | 6.33% | 26.51% | -3.54% | 4.38% |
PDBZX PGIM Total Return Bond Fund Class Z | -0.53% | 7.70% | 2.87% | 7.70% | -14.33% | -1.46% | 8.01% | 14.76% | -0.72% | 6.60% |
Returns By Period
In the year-to-date period, GHY achieves a -3.98% return, which is significantly lower than PDBZX's -0.53% return. Over the past 10 years, GHY has outperformed PDBZX with an annualized return of 6.97%, while PDBZX has yielded a comparatively lower 2.93% annualized return.
GHY
- 1D
- 3.37%
- 1M
- -7.82%
- YTD
- -3.98%
- 6M
- -4.84%
- 1Y
- -4.16%
- 3Y*
- 13.21%
- 5Y*
- 5.20%
- 10Y*
- 6.97%
PDBZX
- 1D
- 0.50%
- 1M
- -2.52%
- YTD
- -0.53%
- 6M
- 0.58%
- 1Y
- 4.25%
- 3Y*
- 4.79%
- 5Y*
- 1.00%
- 10Y*
- 2.93%
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GHY vs. PDBZX - Expense Ratio Comparison
GHY has a 0.03% expense ratio, which is lower than PDBZX's 0.49% expense ratio.
Return for Risk
GHY vs. PDBZX — Risk / Return Rank
GHY
PDBZX
GHY vs. PDBZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Global High Yield Fund (GHY) and PGIM Total Return Bond Fund Class Z (PDBZX). 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.
| GHY | PDBZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.26 | 1.04 | -1.30 |
Sortino ratioReturn per unit of downside risk | -0.22 | 1.48 | -1.70 |
Omega ratioGain probability vs. loss probability | 0.96 | 1.18 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | -0.30 | 1.75 | -2.05 |
Martin ratioReturn relative to average drawdown | -0.93 | 5.12 | -6.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GHY | PDBZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.26 | 1.04 | -1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.17 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.55 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 1.09 | -0.73 |
Correlation
The correlation between GHY and PDBZX is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GHY vs. PDBZX - Dividend Comparison
GHY's dividend yield for the trailing twelve months is around 10.82%, more than PDBZX's 4.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GHY PGIM Global High Yield Fund | 10.82% | 10.21% | 10.23% | 11.09% | 11.62% | 8.35% | 8.67% | 8.04% | 7.72% | 7.77% | 8.53% | 10.07% |
PDBZX PGIM Total Return Bond Fund Class Z | 4.19% | 4.54% | 4.79% | 4.60% | 5.73% | 2.73% | 2.94% | 10.36% | 4.01% | 2.87% | 3.92% | 3.33% |
Drawdowns
GHY vs. PDBZX - Drawdown Comparison
The maximum GHY drawdown since its inception was -41.35%, which is greater than PDBZX's maximum drawdown of -20.88%. Use the drawdown chart below to compare losses from any high point for GHY and PDBZX.
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Drawdown Indicators
| GHY | PDBZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.35% | -20.88% | -20.47% |
Max Drawdown (1Y)Largest decline over 1 year | -15.62% | -3.06% | -12.56% |
Max Drawdown (5Y)Largest decline over 5 years | -29.50% | -20.81% | -8.69% |
Max Drawdown (10Y)Largest decline over 10 years | -41.35% | -20.88% | -20.47% |
Current DrawdownCurrent decline from peak | -8.97% | -2.52% | -6.45% |
Average DrawdownAverage peak-to-trough decline | -6.03% | -2.31% | -3.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.04% | 1.05% | +3.99% |
Volatility
GHY vs. PDBZX - Volatility Comparison
PGIM Global High Yield Fund (GHY) has a higher volatility of 5.35% compared to PGIM Total Return Bond Fund Class Z (PDBZX) at 1.72%. This indicates that GHY's price experiences larger fluctuations and is considered to be riskier than PDBZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GHY | PDBZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.35% | 1.72% | +3.63% |
Volatility (6M)Calculated over the trailing 6-month period | 7.81% | 2.71% | +5.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.19% | 4.59% | +11.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.17% | 6.00% | +8.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.29% | 5.34% | +9.95% |