GHY vs. PTRQX
GHY (PGIM Global High Yield Fund) and PTRQX (PGIM Total Return Bond R6) are both mutual funds - GHY is a High Yield Bonds fund managed by PGIM, while PTRQX is a Intermediate Core-Plus Bond fund managed by PGIM. Over the past 10 years, GHY returned 6.78%/yr vs 2.20%/yr for PTRQX. Their 0.16 correlation means their historical movements had little consistent relationship. GHY charges 0.03%/yr vs 0.39%/yr for PTRQX.
Performance
GHY vs. PTRQX - Performance Comparison
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Returns By Period
In the year-to-date period, GHY achieves a -0.52% return, which is significantly higher than PTRQX's -0.78% return. Over the past 10 years, GHY has outperformed PTRQX with an annualized return of 6.78%, while PTRQX has yielded a comparatively lower 2.20% 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%
PTRQX
- 1D
- -0.34%
- 1M
- -1.58%
- 6M
- -0.92%
- YTD
- -0.78%
- 1Y
- 2.06%
- 3Y*
- 4.91%
- 5Y*
- 0.17%
- 10Y*
- 2.20%
- ALL TIME*
- 3.40%
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. PTRQX - 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% |
PTRQX PGIM Total Return Bond R6 | -0.78% | 7.81% | 3.06% | 7.80% | -14.30% | -1.37% | 8.13% | 10.85% | -0.73% | 6.67% |
Correlation
The correlation between GHY and PTRQX is 0.38, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.38 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.30 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.19 |
Correlation (All Time) Calculated using the full available price history since Dec 24, 2012 | 0.16 |
Over the past year, GHY and PTRQX have become more correlated (0.38) than their long-term average of 0.16, meaning their price movements have been converging.
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Return for Risk
GHY vs. PTRQX — Risk / Return Rank
GHY
PTRQX
GHY vs. PTRQX - 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 R6 (PTRQX). 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 | PTRQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.12 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 0.92 | -1.01 |
| Martin ratioReturn relative to average drawdown | -0.23 | 2.33 | -2.56 |
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Drawdowns
GHY vs. PTRQX - Drawdown Comparison
The maximum GHY drawdown since its inception was -41.35%, which is greater than PTRQX's maximum drawdown of -20.72%. Use the drawdown chart below to compare losses from any high point for GHY and PTRQX.
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Drawdown Indicators
| GHY | PTRQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.35% | -20.72% | -20.63% |
Max Drawdown (1Y)Largest decline over 1 year | -11.94% | -3.08% | -8.86% |
Max Drawdown (3Y)Largest decline over 3 years | -16.36% | -4.82% | -11.54% |
Max Drawdown (5Y)Largest decline over 5 years | -29.50% | -20.50% | -9.00% |
Max Drawdown (10Y)Largest decline over 10 years | -41.35% | -20.72% | -20.63% |
Current DrawdownCurrent decline from peak | -5.69% | -2.78% | -2.91% |
Average DrawdownAverage peak-to-trough decline | -6.01% | -3.27% | -2.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.68% | 1.21% | +3.47% |
Volatility
GHY vs. PTRQX - Volatility Comparison
PGIM Global High Yield Fund (GHY) has a higher volatility of 3.04% compared to PGIM Total Return Bond R6 (PTRQX) at 0.99%. This indicates that GHY's price experiences larger fluctuations and is considered to be riskier than PTRQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GHY | PTRQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 0.99% | +2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 8.67% | 3.36% | +5.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.72% | 4.13% | +6.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.24% | 6.01% | +8.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.35% | 5.25% | +10.10% |
GHY vs. PTRQX - Expense Ratio Comparison
GHY has a 0.03% expense ratio, which is lower than PTRQX's 0.39% expense ratio.
Dividends
GHY vs. PTRQX - Dividend Comparison
GHY's dividend yield for the trailing twelve months is around 10.82%, more than PTRQX's 4.33% 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% |
PTRQX PGIM Total Return Bond R6 | 4.33% | 4.63% | 4.89% | 4.70% | 5.83% | 2.82% | 3.05% | 6.95% | 3.99% | 2.93% | 4.01% | 3.11% |
Frequently Asked Questions
GHY and PTRQX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GHY has higher volatility (3.04%) compared to PTRQX (0.99%). In terms of maximum drawdown, GHY dropped -41.35% vs PTRQX's -20.72%.
PTRQX currently has the higher Sharpe Ratio (0.69 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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