GHY vs. RSIIX
GHY (PGIM Global High Yield Fund) and RSIIX (RiverPark Strategic Income Fund) are both High Yield Bonds funds. Over the past 10 years, GHY returned 7.03%/yr vs 5.12%/yr for RSIIX. At a 0.25 correlation, their price movements are largely independent. GHY charges 0.03%/yr vs 1.18%/yr for RSIIX.
Performance
GHY vs. RSIIX - Performance Comparison
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Returns By Period
In the year-to-date period, GHY achieves a 1.61% return, which is significantly lower than RSIIX's 2.65% return. Over the past 10 years, GHY has outperformed RSIIX with an annualized return of 7.03%, while RSIIX has yielded a comparatively lower 5.12% annualized 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%
RSIIX
- 1D
- 0.00%
- 1M
- 0.83%
- 6M
- 2.17%
- YTD
- 2.65%
- 1Y
- 5.34%
- 3Y*
- 7.29%
- 5Y*
- 5.39%
- 10Y*
- 5.12%
GHY vs. RSIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GHY PGIM Global High Yield Fund | 1.61% | 10.46% | 20.25% | 17.29% | -20.04% | 12.73% | 6.33% | 26.51% | -3.54% | 4.38% |
RSIIX RiverPark Strategic Income Fund | 2.65% | 6.04% | 8.44% | 9.59% | -3.31% | 11.60% | 3.42% | 3.50% | 1.36% | 4.84% |
Correlation
The correlation between GHY and RSIIX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.25 |
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Return for Risk
GHY vs. RSIIX — Risk / Return Rank
GHY
RSIIX
GHY vs. RSIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Global High Yield Fund (GHY) and RiverPark Strategic Income Fund (RSIIX). 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 | RSIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.92 | ||
| Sortino ratioReturn per unit of downside risk | -2.48 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.54 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 3.00 | -3.18 |
| Martin ratioReturn relative to average drawdown | -0.46 | 20.11 | -20.57 |
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Drawdowns
GHY vs. RSIIX - Drawdown Comparison
The maximum GHY drawdown since its inception was -41.35%, which is greater than RSIIX's maximum drawdown of -15.55%. Use the drawdown chart below to compare losses from any high point for GHY and RSIIX.
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Drawdown Indicators
| GHY | RSIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.35% | -15.55% | -25.80% |
Max Drawdown (1Y)Largest decline over 1 year | -11.94% | -1.79% | -10.15% |
Max Drawdown (3Y)Largest decline over 3 years | -16.36% | -1.79% | -14.57% |
Max Drawdown (5Y)Largest decline over 5 years | -29.50% | -5.61% | -23.89% |
Max Drawdown (10Y)Largest decline over 10 years | -41.35% | -15.55% | -25.80% |
Current DrawdownCurrent decline from peak | -3.66% | 0.00% | -3.66% |
Average DrawdownAverage peak-to-trough decline | -6.01% | -1.15% | -4.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.62% | 0.27% | +4.35% |
Volatility
GHY vs. RSIIX - Volatility Comparison
PGIM Global High Yield Fund (GHY) has a higher volatility of 3.35% compared to RiverPark Strategic Income Fund (RSIIX) at 0.60%. This indicates that GHY's price experiences larger fluctuations and is considered to be riskier than RSIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GHY | RSIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 0.60% | +2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 8.66% | 2.86% | +5.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.04% | 3.10% | +7.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.28% | 2.51% | +11.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.34% | 2.88% | +12.46% |
GHY vs. RSIIX - Expense Ratio Comparison
GHY has a 0.03% expense ratio, which is lower than RSIIX's 1.18% expense ratio.
Dividends
GHY vs. RSIIX - Dividend Comparison
GHY's dividend yield for the trailing twelve months is around 10.59%, more than RSIIX's 7.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
RSIIX RiverPark Strategic Income Fund | 7.25% | 7.75% | 7.67% | 7.61% | 6.58% | 5.12% | 5.77% | 4.84% | 4.59% | 4.98% | 5.10% | 6.57% |
Frequently Asked Questions
GHY and RSIIX have a correlation of 0.30, 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 RSIIX (0.60%). In terms of maximum drawdown, GHY dropped -41.35% vs RSIIX's -15.55%.
RSIIX currently has the higher Sharpe Ratio (1.73 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.
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