ISD vs. FSHGX
ISD (PGIM High Yield Bond Fund) and FSHGX (Fidelity SAI High Income Fund) are both High Yield Bonds funds. Over the past 5 years, ISD returned 4.81%/yr vs 4.35%/yr for FSHGX. A 0.53 correlation means they provide meaningful diversification when combined. ISD charges 0.02%/yr vs 0.60%/yr for FSHGX.
Performance
ISD vs. FSHGX - Performance Comparison
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Returns By Period
In the year-to-date period, ISD achieves a -7.57% return, which is significantly lower than FSHGX's 3.57% return.
ISD
- 1D
- -0.85%
- 1M
- 0.67%
- 6M
- -7.82%
- YTD
- -7.57%
- 1Y
- -1.06%
- 3Y*
- 11.00%
- 5Y*
- 4.81%
- 10Y*
- 6.86%
FSHGX
- 1D
- 0.00%
- 1M
- 0.08%
- 6M
- 3.03%
- YTD
- 3.57%
- 1Y
- 8.58%
- 3Y*
- 10.04%
- 5Y*
- 4.35%
- 10Y*
- —
ISD vs. FSHGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ISD PGIM High Yield Bond Fund | -7.57% | 15.63% | 22.05% | 15.05% | -18.42% | 7.17% |
FSHGX Fidelity SAI High Income Fund | 3.57% | 10.26% | 9.79% | 10.82% | -12.03% | 2.72% |
Correlation
The correlation between ISD and FSHGX is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since May 18, 2021 | 0.53 |
The correlation between ISD and FSHGX has been stable across timeframes, ranging from 0.44 to 0.53 - a consistent structural relationship.
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Return for Risk
ISD vs. FSHGX — Risk / Return Rank
ISD
FSHGX
ISD vs. FSHGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM High Yield Bond Fund (ISD) and Fidelity SAI High Income Fund (FSHGX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ISD | FSHGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.54 | ||
| Sortino ratioReturn per unit of downside risk | -4.14 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.55 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 3.63 | -3.71 |
| Martin ratioReturn relative to average drawdown | -0.20 | 17.31 | -17.51 |
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Drawdowns
ISD vs. FSHGX - Drawdown Comparison
The maximum ISD drawdown since its inception was -38.88%, which is greater than FSHGX's maximum drawdown of -15.77%. Use the drawdown chart below to compare losses from any high point for ISD and FSHGX.
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Drawdown Indicators
| ISD | FSHGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.88% | -15.77% | -23.11% |
Max Drawdown (1Y)Largest decline over 1 year | -13.52% | -2.31% | -11.21% |
Max Drawdown (3Y)Largest decline over 3 years | -13.94% | -3.93% | -10.01% |
Max Drawdown (5Y)Largest decline over 5 years | -25.45% | -15.77% | -9.68% |
Max Drawdown (10Y)Largest decline over 10 years | -38.88% | — | — |
Current DrawdownCurrent decline from peak | -9.54% | -0.23% | -9.31% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -3.75% | -1.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.40% | 0.48% | +4.92% |
Volatility
ISD vs. FSHGX - Volatility Comparison
PGIM High Yield Bond Fund (ISD) has a higher volatility of 2.84% compared to Fidelity SAI High Income Fund (FSHGX) at 0.89%. This indicates that ISD's price experiences larger fluctuations and is considered to be riskier than FSHGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISD | FSHGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.84% | 0.89% | +1.95% |
Volatility (6M)Calculated over the trailing 6-month period | 9.76% | 2.72% | +7.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.27% | 3.43% | +7.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.37% | 5.27% | +8.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.59% | 5.20% | +9.39% |
ISD vs. FSHGX - Expense Ratio Comparison
ISD has a 0.02% expense ratio, which is lower than FSHGX's 0.60% expense ratio.
Dividends
ISD vs. FSHGX - Dividend Comparison
ISD's dividend yield for the trailing twelve months is around 9.87%, more than FSHGX's 6.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSHGX Fidelity SAI High Income Fund | 6.38% | 6.34% | 6.15% | 5.47% | 3.99% | 2.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ISD PGIM High Yield Bond Fund | 9.87% | 8.71% | 9.21% | 10.23% | 10.61% | 7.85% | 8.40% | 7.86% | 7.89% | 8.46% | 8.28% | 9.64% |
Frequently Asked Questions
ISD and FSHGX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISD has higher volatility (2.84%) compared to FSHGX (0.89%). In terms of maximum drawdown, ISD dropped -38.88% vs FSHGX's -15.77%.
FSHGX currently has the higher Sharpe Ratio (2.44 vs -0.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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