HYSZX vs. HYS
Compare and contrast key facts about PGIM Short Duration High Yield Income Fund (HYSZX) and PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS).
HYSZX is managed by PGIM Investments. It was launched on Oct 26, 2012. HYS is a passively managed fund by PIMCO that tracks the performance of the ICE BofA US High Yield Constrained (0-5 Y). It was launched on Jun 16, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYSZX or HYS.
Key characteristics
| HYSZX | HYS | |
|---|---|---|
| YTD Return | 6.99% | 8.47% |
| 1Y Return | 12.91% | 14.57% |
| 3Y Return (Ann) | 4.31% | 5.23% |
| 5Y Return (Ann) | 4.89% | 4.98% |
| 10Y Return (Ann) | 4.79% | 4.60% |
| Sharpe Ratio | 3.82 | 3.43 |
| Sortino Ratio | 7.48 | 5.45 |
| Omega Ratio | 2.09 | 1.68 |
| Calmar Ratio | 7.18 | 7.71 |
| Martin Ratio | 25.97 | 34.99 |
| Ulcer Index | 0.50% | 0.43% |
| Daily Std Dev | 3.39% | 4.37% |
| Max Drawdown | -18.31% | -20.91% |
| Current Drawdown | -0.05% | -0.22% |
Correlation
The correlation between HYSZX and HYS is 0.52, 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.
Performance
HYSZX vs. HYS - Performance Comparison
In the year-to-date period, HYSZX achieves a 6.99% return, which is significantly lower than HYS's 8.47% return. Both investments have delivered pretty close results over the past 10 years, with HYSZX having a 4.79% annualized return and HYS not far behind at 4.60%. 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. HYS - Expense Ratio Comparison
HYSZX has a 0.75% expense ratio, which is higher than HYS's 0.56% expense ratio.
Risk-Adjusted Performance
HYSZX vs. HYS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Short Duration High Yield Income Fund (HYSZX) and PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS). 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. HYS - Dividend Comparison
HYSZX's dividend yield for the trailing twelve months is around 6.68%, less than HYS's 8.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYSZX PGIM Short Duration High Yield Income Fund | 6.68% | 6.42% | 6.15% | 5.01% | 5.00% | 5.53% | 5.95% | 5.73% | 6.13% | 6.76% | 6.22% | 6.01% |
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | 8.32% | 7.58% | 5.01% | 3.74% | 4.52% | 4.98% | 4.97% | 5.00% | 5.13% | 5.22% | 5.42% | 4.59% |
Drawdowns
HYSZX vs. HYS - Drawdown Comparison
The maximum HYSZX drawdown since its inception was -18.31%, smaller than the maximum HYS drawdown of -20.91%. Use the drawdown chart below to compare losses from any high point for HYSZX and HYS. For additional features, visit the drawdowns tool.
Volatility
HYSZX vs. HYS - Volatility Comparison
The current volatility for PGIM Short Duration High Yield Income Fund (HYSZX) is 0.63%, while PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) has a volatility of 1.21%. This indicates that HYSZX experiences smaller price fluctuations and is considered to be less risky than HYS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.