HYSZX vs. VWEHX
Compare and contrast key facts about PGIM Short Duration High Yield Income Fund (HYSZX) and Vanguard High-Yield Corporate Fund Investor Shares (VWEHX).
HYSZX is managed by PGIM. It was launched on Oct 26, 2012. VWEHX is managed by Vanguard. It was launched on Dec 27, 1978.
Performance
HYSZX vs. VWEHX - Performance Comparison
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HYSZX vs. VWEHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYSZX PGIM Short Duration High Yield Income Fund | -0.70% | 7.84% | 6.49% | 9.57% | -6.46% | 5.48% | 4.19% | 11.78% | 1.20% | 4.80% |
VWEHX Vanguard High-Yield Corporate Fund Investor Shares | -1.15% | 9.38% | 6.33% | 11.66% | -9.04% | 2.97% | 5.30% | 15.81% | -2.93% | 7.05% |
Returns By Period
In the year-to-date period, HYSZX achieves a -0.70% return, which is significantly higher than VWEHX's -1.15% return. Over the past 10 years, HYSZX has underperformed VWEHX with an annualized return of 4.90%, while VWEHX has yielded a comparatively higher 5.18% annualized 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%
VWEHX
- 1D
- 0.55%
- 1M
- -1.62%
- YTD
- -1.15%
- 6M
- 0.56%
- 1Y
- 6.47%
- 3Y*
- 7.55%
- 5Y*
- 3.89%
- 10Y*
- 5.18%
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HYSZX vs. VWEHX - Expense Ratio Comparison
HYSZX has a 0.75% expense ratio, which is higher than VWEHX's 0.23% expense ratio.
Return for Risk
HYSZX vs. VWEHX — Risk / Return Rank
HYSZX
VWEHX
HYSZX vs. VWEHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Short Duration High Yield Income Fund (HYSZX) and Vanguard High-Yield Corporate Fund Investor Shares (VWEHX). 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 | VWEHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.80 | 1.90 | -0.11 |
Sortino ratioReturn per unit of downside risk | 2.68 | 2.86 | -0.18 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.46 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.45 | 2.79 | -0.34 |
Martin ratioReturn relative to average drawdown | 10.13 | 11.37 | -1.24 |
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 | VWEHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 1.90 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | 0.80 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.17 | 0.99 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.87 | +0.27 |
Correlation
The correlation between HYSZX and VWEHX is 0.79, 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. VWEHX - Dividend Comparison
HYSZX's dividend yield for the trailing twelve months is around 5.93%, more than VWEHX's 5.78% 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% |
VWEHX Vanguard High-Yield Corporate Fund Investor Shares | 5.78% | 6.15% | 6.11% | 5.68% | 5.11% | 3.43% | 4.62% | 5.24% | 5.94% | 5.29% | 5.41% | 6.42% |
Drawdowns
HYSZX vs. VWEHX - Drawdown Comparison
The maximum HYSZX drawdown since its inception was -18.31%, smaller than the maximum VWEHX drawdown of -30.17%. Use the drawdown chart below to compare losses from any high point for HYSZX and VWEHX.
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Drawdown Indicators
| HYSZX | VWEHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.31% | -30.17% | +11.86% |
Max Drawdown (1Y)Largest decline over 1 year | -2.39% | -2.52% | +0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -9.77% | -13.83% | +4.06% |
Max Drawdown (10Y)Largest decline over 10 years | -18.31% | -19.69% | +1.38% |
Current DrawdownCurrent decline from peak | -1.42% | -1.80% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -1.20% | -4.30% | +3.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 0.62% | -0.04% |
Volatility
HYSZX vs. VWEHX - Volatility Comparison
The current volatility for PGIM Short Duration High Yield Income Fund (HYSZX) is 1.11%, while Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) has a volatility of 1.39%. This indicates that HYSZX experiences smaller price fluctuations and is considered to be less risky than VWEHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYSZX | VWEHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 1.39% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 1.94% | 2.29% | -0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.10% | 3.45% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.83% | 4.85% | -1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.21% | 5.26% | -1.05% |