GHY vs. VOO
Compare and contrast key facts about PGIM Global High Yield Fund (GHY) and Vanguard S&P 500 ETF (VOO).
GHY is managed by PGIM. It was launched on Dec 26, 2012. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
GHY vs. VOO - Performance Comparison
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GHY vs. VOO - 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% |
VOO Vanguard S&P 500 ETF | -4.42% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Returns By Period
In the year-to-date period, GHY achieves a -3.98% return, which is significantly higher than VOO's -4.42% return. Over the past 10 years, GHY has underperformed VOO with an annualized return of 6.97%, while VOO has yielded a comparatively higher 14.05% 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%
VOO
- 1D
- 2.86%
- 1M
- -5.01%
- YTD
- -4.42%
- 6M
- -1.84%
- 1Y
- 17.67%
- 3Y*
- 18.27%
- 5Y*
- 11.75%
- 10Y*
- 14.05%
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GHY vs. VOO - Expense Ratio Comparison
GHY has a 0.03% expense ratio, which is lower than VOO's 0.03% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
GHY vs. VOO — Risk / Return Rank
GHY
VOO
GHY vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Global High Yield Fund (GHY) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.26 | 0.98 | -1.24 |
Sortino ratioReturn per unit of downside risk | -0.22 | 1.50 | -1.72 |
Omega ratioGain probability vs. loss probability | 0.96 | 1.23 | -0.26 |
Calmar ratioReturn relative to maximum drawdown | -0.30 | 1.53 | -1.83 |
Martin ratioReturn relative to average drawdown | -0.93 | 7.29 | -8.22 |
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 | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.26 | 0.98 | -1.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.70 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.78 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.83 | -0.47 |
Correlation
The correlation between GHY and VOO is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
GHY vs. VOO - Dividend Comparison
GHY's dividend yield for the trailing twelve months is around 10.82%, more than VOO's 1.19% 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% |
VOO Vanguard S&P 500 ETF | 1.19% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
GHY vs. VOO - Drawdown Comparison
The maximum GHY drawdown since its inception was -41.35%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for GHY and VOO.
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Drawdown Indicators
| GHY | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.35% | -33.99% | -7.36% |
Max Drawdown (1Y)Largest decline over 1 year | -15.62% | -11.98% | -3.64% |
Max Drawdown (5Y)Largest decline over 5 years | -29.50% | -24.52% | -4.98% |
Max Drawdown (10Y)Largest decline over 10 years | -41.35% | -33.99% | -7.36% |
Current DrawdownCurrent decline from peak | -8.97% | -6.29% | -2.68% |
Average DrawdownAverage peak-to-trough decline | -6.03% | -3.72% | -2.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.04% | 2.52% | +2.52% |
Volatility
GHY vs. VOO - Volatility Comparison
PGIM Global High Yield Fund (GHY) and Vanguard S&P 500 ETF (VOO) have volatilities of 5.35% and 5.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GHY | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.35% | 5.29% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 7.81% | 9.44% | -1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.19% | 18.10% | -1.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.17% | 16.82% | -2.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.29% | 17.99% | -2.70% |