HYSZX vs. DEM
Compare and contrast key facts about PGIM Short Duration High Yield Income Fund (HYSZX) and WisdomTree Emerging Markets Equity Income Fund (DEM).
HYSZX is managed by PGIM Investments. It was launched on Oct 26, 2012. DEM is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Emerging Markets Equity income Index. It was launched on Jul 13, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYSZX or DEM.
Key characteristics
| HYSZX | DEM | |
|---|---|---|
| YTD Return | 6.87% | 10.86% |
| 1Y Return | 12.50% | 21.18% |
| 3Y Return (Ann) | 4.14% | 6.78% |
| 5Y Return (Ann) | 4.86% | 5.54% |
| 10Y Return (Ann) | 4.75% | 4.59% |
| Sharpe Ratio | 3.72 | 1.39 |
| Sortino Ratio | 7.25 | 1.99 |
| Omega Ratio | 2.05 | 1.25 |
| Calmar Ratio | 7.03 | 2.03 |
| Martin Ratio | 25.39 | 7.16 |
| Ulcer Index | 0.50% | 2.82% |
| Daily Std Dev | 3.40% | 14.53% |
| Max Drawdown | -18.31% | -51.85% |
| Current Drawdown | -0.17% | -4.30% |
Correlation
The correlation between HYSZX and DEM is 0.34, 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.
Performance
HYSZX vs. DEM - Performance Comparison
In the year-to-date period, HYSZX achieves a 6.87% return, which is significantly lower than DEM's 10.86% return. Both investments have delivered pretty close results over the past 10 years, with HYSZX having a 4.75% annualized return and DEM not far behind at 4.59%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HYSZX vs. DEM - Expense Ratio Comparison
HYSZX has a 0.75% expense ratio, which is higher than DEM's 0.63% expense ratio.
Risk-Adjusted Performance
HYSZX vs. DEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Short Duration High Yield Income Fund (HYSZX) and WisdomTree Emerging Markets Equity Income Fund (DEM). 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.
Dividends
HYSZX vs. DEM - Dividend Comparison
HYSZX's dividend yield for the trailing twelve months is around 6.69%, more than DEM's 5.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYSZX PGIM Short Duration High Yield Income Fund | 6.69% | 6.42% | 6.15% | 5.01% | 5.00% | 5.53% | 5.95% | 5.73% | 6.13% | 6.76% | 6.22% | 6.01% |
DEM WisdomTree Emerging Markets Equity Income Fund | 5.18% | 5.49% | 8.62% | 5.87% | 4.21% | 4.78% | 4.47% | 3.67% | 3.63% | 5.21% | 5.51% | 4.10% |
Drawdowns
HYSZX vs. DEM - Drawdown Comparison
The maximum HYSZX drawdown since its inception was -18.31%, smaller than the maximum DEM drawdown of -51.85%. Use the drawdown chart below to compare losses from any high point for HYSZX and DEM. For additional features, visit the drawdowns tool.
Volatility
HYSZX vs. DEM - Volatility Comparison
The current volatility for PGIM Short Duration High Yield Income Fund (HYSZX) is 0.62%, while WisdomTree Emerging Markets Equity Income Fund (DEM) has a volatility of 4.08%. This indicates that HYSZX experiences smaller price fluctuations and is considered to be less risky than DEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.