HYSZX vs. FQTIX
Compare and contrast key facts about PGIM Short Duration High Yield Income Fund (HYSZX) and Franklin Templeton SMACS: Series I (FQTIX).
HYSZX is managed by PGIM. It was launched on Oct 26, 2012. FQTIX is managed by Franklin Templeton. It was launched on Jun 3, 2019.
Performance
HYSZX vs. FQTIX - Performance Comparison
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HYSZX vs. FQTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HYSZX PGIM Short Duration High Yield Income Fund | -0.70% | 7.84% | 6.49% | 9.57% | -6.46% | 5.48% | 4.19% | 5.65% |
FQTIX Franklin Templeton SMACS: Series I | 1.02% | 7.51% | 8.03% | 13.44% | -14.39% | 8.51% | 3.68% | 4.11% |
Returns By Period
In the year-to-date period, HYSZX achieves a -0.70% return, which is significantly lower than FQTIX's 1.02% return.
HYSZX
- 1D
- 0.36%
- 1M
- -1.19%
- YTD
- -0.70%
- 6M
- 0.47%
- 1Y
- 5.26%
- 3Y*
- 6.72%
- 5Y*
- 3.86%
- 10Y*
- 4.90%
FQTIX
- 1D
- 0.50%
- 1M
- -1.34%
- YTD
- 1.02%
- 6M
- 3.05%
- 1Y
- 9.98%
- 3Y*
- 8.04%
- 5Y*
- 3.70%
- 10Y*
- —
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HYSZX vs. FQTIX - Expense Ratio Comparison
HYSZX has a 0.75% expense ratio, which is higher than FQTIX's 0.00% expense ratio.
Return for Risk
HYSZX vs. FQTIX — Risk / Return Rank
HYSZX
FQTIX
HYSZX vs. FQTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Short Duration High Yield Income Fund (HYSZX) and Franklin Templeton SMACS: Series I (FQTIX). 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.
| HYSZX | FQTIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.80 | 2.68 | -0.88 |
Sortino ratioReturn per unit of downside risk | 2.68 | 3.64 | -0.97 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.64 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 2.45 | 4.19 | -1.74 |
Martin ratioReturn relative to average drawdown | 10.13 | 18.41 | -8.28 |
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
| HYSZX | FQTIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 2.68 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | 0.63 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.17 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.56 | +0.58 |
Correlation
The correlation between HYSZX and FQTIX is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
HYSZX vs. FQTIX - Dividend Comparison
HYSZX's dividend yield for the trailing twelve months is around 5.93%, less than FQTIX's 7.00% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYSZX PGIM Short Duration High Yield Income Fund | 5.93% | 6.45% | 6.27% | 4.84% | 5.01% | 4.56% | 5.00% | 5.60% | 5.94% | 5.73% | 6.33% | 6.76% |
FQTIX Franklin Templeton SMACS: Series I | 7.00% | 5.70% | 7.86% | 7.64% | 8.10% | 7.15% | 6.89% | 5.63% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HYSZX vs. FQTIX - Drawdown Comparison
The maximum HYSZX drawdown since its inception was -18.31%, smaller than the maximum FQTIX drawdown of -24.62%. Use the drawdown chart below to compare losses from any high point for HYSZX and FQTIX.
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Drawdown Indicators
| HYSZX | FQTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.31% | -24.62% | +6.31% |
Max Drawdown (1Y)Largest decline over 1 year | -2.39% | -2.41% | +0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -9.77% | -18.81% | +9.04% |
Max Drawdown (10Y)Largest decline over 10 years | -18.31% | — | — |
Current DrawdownCurrent decline from peak | -1.42% | -1.47% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -1.20% | -4.42% | +3.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 0.55% | +0.03% |
Volatility
HYSZX vs. FQTIX - Volatility Comparison
The current volatility for PGIM Short Duration High Yield Income Fund (HYSZX) is 1.11%, while Franklin Templeton SMACS: Series I (FQTIX) has a volatility of 1.68%. This indicates that HYSZX experiences smaller price fluctuations and is considered to be less risky than FQTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYSZX | FQTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 1.68% | -0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 1.94% | 2.43% | -0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.10% | 3.87% | -0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.83% | 5.93% | -2.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.21% | 7.80% | -3.59% |