HYSZX vs. HYZD
Compare and contrast key facts about PGIM Short Duration High Yield Income Fund (HYSZX) and WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD).
HYSZX is managed by PGIM Investments. It was launched on Oct 26, 2012. HYZD is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree U.S. High Yield Corporate Bond, Zero Duration Index. It was launched on Dec 18, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYSZX or HYZD.
Key characteristics
| HYSZX | HYZD | |
|---|---|---|
| YTD Return | 6.74% | 9.77% |
| 1Y Return | 12.65% | 13.16% |
| 3Y Return (Ann) | 4.22% | 6.31% |
| 5Y Return (Ann) | 4.82% | 5.12% |
| 10Y Return (Ann) | 4.76% | 4.59% |
| Sharpe Ratio | 3.73 | 2.99 |
| Sortino Ratio | 7.26 | 4.60 |
| Omega Ratio | 2.05 | 1.58 |
| Calmar Ratio | 7.03 | 5.02 |
| Martin Ratio | 25.42 | 28.79 |
| Ulcer Index | 0.50% | 0.47% |
| Daily Std Dev | 3.39% | 4.49% |
| Max Drawdown | -18.31% | -25.66% |
| Current Drawdown | -0.28% | -0.13% |
Correlation
The correlation between HYSZX and HYZD is 0.35, 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. HYZD - Performance Comparison
In the year-to-date period, HYSZX achieves a 6.74% return, which is significantly lower than HYZD's 9.77% return. Both investments have delivered pretty close results over the past 10 years, with HYSZX having a 4.76% annualized return and HYZD 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.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
HYSZX vs. HYZD - Expense Ratio Comparison
HYSZX has a 0.75% expense ratio, which is higher than HYZD's 0.43% expense ratio.
Risk-Adjusted Performance
HYSZX vs. HYZD - 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 Interest Rate Hedged High Yield Bond Fund (HYZD). 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. HYZD - Dividend Comparison
HYSZX's dividend yield for the trailing twelve months is around 6.69%, more than HYZD's 6.06% 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% |
HYZD WisdomTree Interest Rate Hedged High Yield Bond Fund | 6.06% | 5.94% | 5.14% | 4.02% | 5.14% | 5.51% | 5.58% | 4.95% | 5.07% | 4.38% | 3.82% | 0.10% |
Drawdowns
HYSZX vs. HYZD - Drawdown Comparison
The maximum HYSZX drawdown since its inception was -18.31%, smaller than the maximum HYZD drawdown of -25.66%. Use the drawdown chart below to compare losses from any high point for HYSZX and HYZD. For additional features, visit the drawdowns tool.
Volatility
HYSZX vs. HYZD - Volatility Comparison
The current volatility for PGIM Short Duration High Yield Income Fund (HYSZX) is 0.68%, while WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) has a volatility of 1.22%. This indicates that HYSZX experiences smaller price fluctuations and is considered to be less risky than HYZD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.