ISD vs. PRFRX
ISD (PGIM High Yield Bond Fund) and PRFRX (T. Rowe Price Floating Rate Fund) are both High Yield Bonds funds. Over the past 10 years, ISD returned 7.09%/yr vs 5.51%/yr for PRFRX. At a 0.26 correlation, their price movements are largely independent. ISD charges 0.02%/yr vs 0.75%/yr for PRFRX.
Performance
ISD vs. PRFRX - Performance Comparison
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Returns By Period
In the year-to-date period, ISD achieves a -8.15% return, which is significantly lower than PRFRX's 1.39% return. Over the past 10 years, ISD has outperformed PRFRX with an annualized return of 7.09%, while PRFRX has yielded a comparatively lower 5.51% annualized return.
ISD
- 1D
- -0.77%
- 1M
- -3.54%
- YTD
- -8.15%
- 6M
- -7.89%
- 1Y
- 2.43%
- 3Y*
- 11.85%
- 5Y*
- 4.73%
- 10Y*
- 7.09%
PRFRX
- 1D
- 0.00%
- 1M
- 0.45%
- YTD
- 1.39%
- 6M
- 2.68%
- 1Y
- 8.28%
- 3Y*
- 10.21%
- 5Y*
- 7.09%
- 10Y*
- 5.51%
ISD vs. PRFRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISD PGIM High Yield Bond Fund | -8.15% | 15.63% | 22.05% | 15.05% | -18.42% | 15.72% | 6.66% | 28.41% | -5.03% | 3.59% |
PRFRX T. Rowe Price Floating Rate Fund | 1.39% | 9.82% | 11.04% | 13.78% | -1.95% | 4.60% | 1.75% | 8.46% | -0.08% | 3.48% |
Correlation
The correlation between ISD and PRFRX is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2012 | 0.26 |
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Return for Risk
ISD vs. PRFRX — Risk / Return Rank
ISD
PRFRX
ISD vs. PRFRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM High Yield Bond Fund (ISD) and T. Rowe Price Floating Rate Fund (PRFRX). 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 | PRFRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.94 | ||
| Sortino ratioReturn per unit of downside risk | -7.72 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 2.31 | -1.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 5.54 | -5.36 |
| Martin ratioReturn relative to average drawdown | 0.55 | 20.99 | -20.44 |
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 | PRFRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.22 | 3.15 | -2.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 2.45 | -2.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 1.41 | -0.92 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 1.43 | -1.00 |
Drawdowns
ISD vs. PRFRX - Drawdown Comparison
The maximum ISD drawdown since its inception was -38.88%, which is greater than PRFRX's maximum drawdown of -20.05%. Use the drawdown chart below to compare losses from any high point for ISD and PRFRX.
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Drawdown Indicators
| ISD | PRFRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.88% | -20.05% | -18.83% |
Max Drawdown (1Y)Largest decline over 1 year | -13.52% | -1.50% | -12.02% |
Max Drawdown (3Y)Largest decline over 3 years | -13.94% | -2.35% | -11.59% |
Max Drawdown (5Y)Largest decline over 5 years | -25.45% | -5.94% | -19.51% |
Max Drawdown (10Y)Largest decline over 10 years | -38.88% | -20.05% | -18.83% |
Current DrawdownCurrent decline from peak | -10.10% | 0.00% | -10.10% |
Average DrawdownAverage peak-to-trough decline | -5.60% | -0.69% | -4.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.40% | 0.40% | +4.00% |
Volatility
ISD vs. PRFRX - Volatility Comparison
PGIM High Yield Bond Fund (ISD) has a higher volatility of 2.93% compared to T. Rowe Price Floating Rate Fund (PRFRX) at 0.61%. This indicates that ISD's price experiences larger fluctuations and is considered to be riskier than PRFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISD | PRFRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.93% | 0.61% | +2.32% |
Volatility (6M)Calculated over the trailing 6-month period | 9.55% | 1.84% | +7.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.25% | 2.63% | +8.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.35% | 2.91% | +10.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.58% | 3.92% | +10.66% |
ISD vs. PRFRX - Expense Ratio Comparison
ISD has a 0.02% expense ratio, which is lower than PRFRX's 0.75% expense ratio.
Dividends
ISD vs. PRFRX - Dividend Comparison
ISD's dividend yield for the trailing twelve months is around 9.78%, more than PRFRX's 9.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISD PGIM High Yield Bond Fund | 9.78% | 8.71% | 9.21% | 10.23% | 10.61% | 7.85% | 8.40% | 7.86% | 7.89% | 8.46% | 8.28% | 9.64% |
PRFRX T. Rowe Price Floating Rate Fund | 9.21% | 9.99% | 10.20% | 9.57% | 4.03% | 3.86% | 4.00% | 4.84% | 4.87% | 4.04% | 4.07% | 4.07% |
Frequently Asked Questions
ISD and PRFRX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISD has higher volatility (2.93%) compared to PRFRX (0.61%). In terms of maximum drawdown, ISD dropped -38.88% vs PRFRX's -20.05%.
PRFRX currently has the higher Sharpe Ratio (3.15 vs 0.22), 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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