HYSZX vs. JNK
Compare and contrast key facts about PGIM Short Duration High Yield Income Fund (HYSZX) and SPDR Barclays High Yield Bond ETF (JNK).
HYSZX is managed by PGIM Investments. It was launched on Oct 26, 2012. JNK is a passively managed fund by State Street that tracks the performance of the Barclays Capital High Yield Very Liquid Index. It was launched on Nov 28, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYSZX or JNK.
Key characteristics
| HYSZX | JNK | |
|---|---|---|
| YTD Return | 6.74% | 7.83% |
| 1Y Return | 11.81% | 12.91% |
| 3Y Return (Ann) | 4.22% | 2.36% |
| 5Y Return (Ann) | 4.82% | 3.49% |
| 10Y Return (Ann) | 4.76% | 3.68% |
| Sharpe Ratio | 3.73 | 2.95 |
| Sortino Ratio | 7.26 | 4.58 |
| Omega Ratio | 2.05 | 1.58 |
| Calmar Ratio | 7.03 | 2.25 |
| Martin Ratio | 25.40 | 22.96 |
| Ulcer Index | 0.50% | 0.61% |
| Daily Std Dev | 3.39% | 4.77% |
| Max Drawdown | -18.31% | -38.48% |
| Current Drawdown | -0.28% | -0.47% |
Correlation
The correlation between HYSZX and JNK is 0.54, 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. JNK - Performance Comparison
In the year-to-date period, HYSZX achieves a 6.74% return, which is significantly lower than JNK's 7.83% return. Over the past 10 years, HYSZX has outperformed JNK with an annualized return of 4.76%, while JNK has yielded a comparatively lower 3.68% annualized return. 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. JNK - Expense Ratio Comparison
HYSZX has a 0.75% expense ratio, which is higher than JNK's 0.40% expense ratio.
Risk-Adjusted Performance
HYSZX vs. JNK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Short Duration High Yield Income Fund (HYSZX) and SPDR Barclays High Yield Bond ETF (JNK). 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. JNK - Dividend Comparison
HYSZX's dividend yield for the trailing twelve months is around 6.69%, more than JNK's 6.55% 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% |
JNK SPDR Barclays High Yield Bond ETF | 6.55% | 6.38% | 6.06% | 4.26% | 5.11% | 5.44% | 5.90% | 5.60% | 6.06% | 6.60% | 5.99% | 6.05% |
Drawdowns
HYSZX vs. JNK - Drawdown Comparison
The maximum HYSZX drawdown since its inception was -18.31%, smaller than the maximum JNK drawdown of -38.48%. Use the drawdown chart below to compare losses from any high point for HYSZX and JNK. For additional features, visit the drawdowns tool.
Volatility
HYSZX vs. JNK - Volatility Comparison
The current volatility for PGIM Short Duration High Yield Income Fund (HYSZX) is 0.67%, while SPDR Barclays High Yield Bond ETF (JNK) has a volatility of 1.22%. This indicates that HYSZX experiences smaller price fluctuations and is considered to be less risky than JNK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.