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HYSZX vs. BSJN
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between HYSZX and BSJN is 0.38, 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.


-0.50.00.51.00.4

Performance

HYSZX vs. BSJN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Short Duration High Yield Income Fund (HYSZX) and Invesco BulletShares 2023 High Yield Corporate Bond ETF (BSJN). The values are adjusted to include any dividend payments, if applicable.

0.00%1.00%2.00%3.00%4.00%5.00%JulyAugustSeptemberOctoberNovemberDecember
3.54%
0
HYSZX
BSJN

Key characteristics

Returns By Period


HYSZX

YTD

5.73%

1M

-0.59%

6M

3.54%

1Y

6.69%

5Y*

4.32%

10Y*

4.83%

BSJN

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

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HYSZX vs. BSJN - Expense Ratio Comparison

HYSZX has a 0.75% expense ratio, which is higher than BSJN's 0.42% expense ratio.


HYSZX
PGIM Short Duration High Yield Income Fund
Expense ratio chart for HYSZX: current value at 0.75% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.75%
Expense ratio chart for BSJN: current value at 0.42% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.42%

Risk-Adjusted Performance

HYSZX vs. BSJN - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Short Duration High Yield Income Fund (HYSZX) and Invesco BulletShares 2023 High Yield Corporate Bond ETF (BSJN). 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.


Sharpe ratio
The chart of Sharpe ratio for HYSZX, currently valued at 2.08, compared to the broader market-1.000.001.002.003.004.002.08
The chart of Sortino ratio for HYSZX, currently valued at 3.65, compared to the broader market-2.000.002.004.006.008.0010.003.65
The chart of Omega ratio for HYSZX, currently valued at 1.50, compared to the broader market0.501.001.502.002.503.003.501.50
The chart of Calmar ratio for HYSZX, currently valued at 3.58, compared to the broader market0.002.004.006.008.0010.0012.0014.003.58
The chart of Martin ratio for HYSZX, currently valued at 12.01, compared to the broader market0.0020.0040.0060.0012.01
HYSZX
BSJN


Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
2.08
-1.00
HYSZX
BSJN

Dividends

HYSZX vs. BSJN - Dividend Comparison

HYSZX's dividend yield for the trailing twelve months is around 5.95%, while BSJN has not paid dividends to shareholders.


TTM20232022202120202019201820172016201520142013
HYSZX
PGIM Short Duration High Yield Income Fund
5.95%6.42%6.15%5.01%5.00%5.53%5.95%5.73%6.13%6.76%6.22%6.01%
BSJN
Invesco BulletShares 2023 High Yield Corporate Bond ETF
0.00%4.80%4.16%3.60%4.67%5.38%5.58%4.97%4.72%1.05%0.00%0.00%

Drawdowns

HYSZX vs. BSJN - Drawdown Comparison


-1.40%-1.20%-1.00%-0.80%-0.60%-0.40%-0.20%0.00%JulyAugustSeptemberOctoberNovemberDecember
-1.23%
-0.19%
HYSZX
BSJN

Volatility

HYSZX vs. BSJN - Volatility Comparison

PGIM Short Duration High Yield Income Fund (HYSZX) has a higher volatility of 0.57% compared to Invesco BulletShares 2023 High Yield Corporate Bond ETF (BSJN) at 0.00%. This indicates that HYSZX's price experiences larger fluctuations and is considered to be riskier than BSJN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%0.20%0.40%0.60%0.80%1.00%JulyAugustSeptemberOctoberNovemberDecember
0.57%
0
HYSZX
BSJN
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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