GHY vs. PJFAX
GHY (PGIM Global High Yield Fund) and PJFAX (PGIM Jennison Growth Fund) are both mutual funds - GHY is a High Yield Bonds fund managed by PGIM, while PJFAX is a Large Cap Growth Equities fund managed by PGIM. Over the past 10 years, GHY returned 6.78%/yr vs 19.36%/yr for PJFAX. Their 0.41 correlation means their historical movements had little consistent relationship. GHY charges 0.03%/yr vs 0.97%/yr for PJFAX.
Performance
GHY vs. PJFAX - Performance Comparison
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Returns By Period
In the year-to-date period, GHY achieves a -0.52% return, which is significantly lower than PJFAX's 3.75% return. Over the past 10 years, GHY has underperformed PJFAX with an annualized return of 6.78%, while PJFAX has yielded a comparatively higher 19.36% annualized return.
GHY
- 1D
- -0.09%
- 1M
- -2.38%
- 6M
- -4.54%
- YTD
- -0.52%
- 1Y
- -1.07%
- 3Y*
- 11.98%
- 5Y*
- 4.42%
- 10Y*
- 6.78%
- ALL TIME*
- 5.38%
PJFAX
- 1D
- 1.18%
- 1M
- -1.08%
- 6M
- 5.86%
- YTD
- 3.75%
- 1Y
- 10.65%
- 3Y*
- 24.18%
- 5Y*
- 11.34%
- 10Y*
- 19.36%
- ALL TIME*
- 11.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.61M | $1.64M | $1.60M | |
| $0.00 | $0.00 | $0.00 |
GHY vs. PJFAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GHY PGIM Global High Yield Fund | -0.52% | 10.46% | 20.25% | 17.29% | -20.04% | 12.73% | 6.33% | 26.51% | -3.54% | 4.38% |
PJFAX PGIM Jennison Growth Fund | 3.75% | 14.53% | 48.10% | 52.76% | -37.89% | 15.65% | 55.66% | 45.04% | -1.24% | 36.41% |
Correlation
The correlation between GHY and PJFAX is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (3Y) Balances recent behavior with more history. | 0.39 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.46 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.46 |
Correlation (All Time) Calculated using the full available price history since Dec 24, 2012 | 0.41 |
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Return for Risk
GHY vs. PJFAX — Risk / Return Rank
GHY
PJFAX
GHY vs. PJFAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Global High Yield Fund (GHY) and PGIM Jennison Growth Fund (PJFAX). 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 | PJFAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.09 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 0.47 | -0.56 |
| Martin ratioReturn relative to average drawdown | -0.23 | 1.41 | -1.64 |
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Drawdowns
GHY vs. PJFAX - Drawdown Comparison
The maximum GHY drawdown since its inception was -41.35%, smaller than the maximum PJFAX drawdown of -64.07%. Use the drawdown chart below to compare losses from any high point for GHY and PJFAX.
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Drawdown Indicators
| GHY | PJFAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.35% | -64.07% | +22.72% |
Max Drawdown (1Y)Largest decline over 1 year | -11.94% | -17.76% | +5.82% |
Max Drawdown (3Y)Largest decline over 3 years | -16.36% | -24.05% | +7.69% |
Max Drawdown (5Y)Largest decline over 5 years | -29.50% | -43.56% | +14.06% |
Max Drawdown (10Y)Largest decline over 10 years | -41.35% | -43.56% | +2.21% |
Current DrawdownCurrent decline from peak | -5.69% | -5.62% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -6.01% | -20.27% | +14.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.68% | 5.95% | -1.27% |
Volatility
GHY vs. PJFAX - Volatility Comparison
The current volatility for PGIM Global High Yield Fund (GHY) is 3.04%, while PGIM Jennison Growth Fund (PJFAX) has a volatility of 5.34%. This indicates that GHY experiences smaller price fluctuations and is considered to be less risky than PJFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GHY | PJFAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 5.34% | -2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 8.67% | 14.19% | -5.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.72% | 17.92% | -7.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.24% | 24.86% | -10.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.35% | 24.07% | -8.72% |
GHY vs. PJFAX - Expense Ratio Comparison
GHY has a 0.03% expense ratio, which is lower than PJFAX's 0.97% expense ratio.
Dividends
GHY vs. PJFAX - Dividend Comparison
GHY's dividend yield for the trailing twelve months is around 10.82%, less than PJFAX's 12.93% yield.
| Position | 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% |
PJFAX PGIM Jennison Growth Fund | 12.93% | 13.42% | 24.62% | 7.23% | 2.77% | 14.67% | 9.02% | 16.27% | 6.06% | 5.85% | 4.12% | 6.90% |
Frequently Asked Questions
GHY and PJFAX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PJFAX has higher volatility (5.34%) compared to GHY (3.04%). In terms of maximum drawdown, GHY dropped -41.35% vs PJFAX's -64.07%.
PJFAX currently has the higher Sharpe Ratio (0.47 vs -0.10), 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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