ISD vs. DHF
Compare and contrast key facts about PGIM High Yield Bond Fund (ISD) and Dimensional High Yield Fund (DHF).
ISD is managed by PGIM. It was launched on Apr 30, 2012. DHF is managed by Dimensional Fund Advisors. It was launched on Jan 1, 2013.
Performance
ISD vs. DHF - Performance Comparison
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ISD vs. DHF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISD PGIM High Yield Bond Fund | -7.71% | 15.63% | 22.05% | 15.05% | -18.42% | 15.72% | 6.66% | 28.41% | -5.03% | 3.59% |
DHF Dimensional High Yield Fund | -0.19% | 5.67% | 21.12% | 15.00% | -22.70% | 10.35% | 6.46% | 24.68% | -11.11% | 8.43% |
Returns By Period
In the year-to-date period, ISD achieves a -7.71% return, which is significantly lower than DHF's -0.19% return. Over the past 10 years, ISD has outperformed DHF with an annualized return of 7.39%, while DHF has yielded a comparatively lower 6.48% annualized return.
ISD
- 1D
- 4.36%
- 1M
- -9.30%
- YTD
- -7.71%
- 6M
- -4.38%
- 1Y
- 0.94%
- 3Y*
- 12.75%
- 5Y*
- 5.94%
- 10Y*
- 7.39%
DHF
- 1D
- 4.27%
- 1M
- -1.28%
- YTD
- -0.19%
- 6M
- -1.76%
- 1Y
- 4.04%
- 3Y*
- 13.00%
- 5Y*
- 3.57%
- 10Y*
- 6.48%
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ISD vs. DHF - Expense Ratio Comparison
ISD has a 0.02% expense ratio, which is lower than DHF's 0.04% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
ISD vs. DHF — Risk / Return Rank
ISD
DHF
ISD vs. DHF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM High Yield Bond Fund (ISD) and Dimensional High Yield Fund (DHF). 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.
| ISD | DHF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.06 | 0.28 | -0.22 |
Sortino ratioReturn per unit of downside risk | 0.18 | 0.47 | -0.29 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.07 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.09 | 0.48 | -0.39 |
Martin ratioReturn relative to average drawdown | 0.34 | 1.60 | -1.26 |
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
| ISD | DHF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.06 | 0.28 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.23 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.37 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.14 | +0.29 |
Correlation
The correlation between ISD and DHF is 0.43, 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.
Dividends
ISD vs. DHF - Dividend Comparison
ISD's dividend yield for the trailing twelve months is around 9.57%, more than DHF's 8.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISD PGIM High Yield Bond Fund | 9.57% | 8.71% | 9.21% | 10.23% | 10.61% | 7.85% | 8.40% | 7.86% | 7.89% | 8.46% | 8.28% | 9.64% |
DHF Dimensional High Yield Fund | 8.61% | 8.47% | 8.14% | 7.86% | 10.12% | 8.24% | 8.60% | 8.52% | 10.41% | 8.98% | 9.76% | 11.30% |
Drawdowns
ISD vs. DHF - Drawdown Comparison
The maximum ISD drawdown since its inception was -38.88%, smaller than the maximum DHF drawdown of -71.32%. Use the drawdown chart below to compare losses from any high point for ISD and DHF.
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Drawdown Indicators
| ISD | DHF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.88% | -71.32% | +32.44% |
Max Drawdown (1Y)Largest decline over 1 year | -13.52% | -9.84% | -3.68% |
Max Drawdown (5Y)Largest decline over 5 years | -25.45% | -37.82% | +12.37% |
Max Drawdown (10Y)Largest decline over 10 years | -38.88% | -42.94% | +4.06% |
Current DrawdownCurrent decline from peak | -9.67% | -4.35% | -5.32% |
Average DrawdownAverage peak-to-trough decline | -5.56% | -23.15% | +17.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 3.04% | +0.54% |
Volatility
ISD vs. DHF - Volatility Comparison
PGIM High Yield Bond Fund (ISD) has a higher volatility of 7.95% compared to Dimensional High Yield Fund (DHF) at 6.29%. This indicates that ISD's price experiences larger fluctuations and is considered to be riskier than DHF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISD | DHF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.95% | 6.29% | +1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 9.69% | 9.45% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.57% | 14.65% | +0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.30% | 15.72% | -2.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.57% | 17.75% | -3.18% |