MHCAX vs. PHYQX
Compare and contrast key facts about MainStay MacKay High Yield Corporate Bond Fund Class A (MHCAX) and PGIM High Yield Fund Class R6 (PHYQX).
MHCAX is managed by New York Life Investments. It was launched on May 1, 1986. PHYQX is managed by PGIM Funds (Prudential). It was launched on Oct 31, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MHCAX or PHYQX.
Correlation
The correlation between MHCAX and PHYQX is 0.42, 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
MHCAX vs. PHYQX - Performance Comparison
Key characteristics
MHCAX:
2.10
PHYQX:
2.34
MHCAX:
2.81
PHYQX:
3.56
MHCAX:
1.51
PHYQX:
1.56
MHCAX:
1.92
PHYQX:
2.11
MHCAX:
9.58
PHYQX:
9.18
MHCAX:
0.67%
PHYQX:
1.00%
MHCAX:
3.05%
PHYQX:
3.92%
MHCAX:
-29.56%
PHYQX:
-21.12%
MHCAX:
-1.22%
PHYQX:
-2.27%
Returns By Period
In the year-to-date period, MHCAX achieves a 0.49% return, which is significantly higher than PHYQX's 0.28% return. Over the past 10 years, MHCAX has underperformed PHYQX with an annualized return of 4.53%, while PHYQX has yielded a comparatively higher 4.99% annualized return.
MHCAX
0.49%
-1.04%
1.18%
6.19%
5.98%
4.53%
PHYQX
0.28%
-1.46%
1.21%
9.16%
6.34%
4.99%
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MHCAX vs. PHYQX - Expense Ratio Comparison
MHCAX has a 0.95% expense ratio, which is higher than PHYQX's 0.38% expense ratio.
Risk-Adjusted Performance
MHCAX vs. PHYQX — Risk-Adjusted Performance Rank
MHCAX
PHYQX
MHCAX vs. PHYQX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay MacKay High Yield Corporate Bond Fund Class A (MHCAX) and PGIM High Yield Fund Class R6 (PHYQX). 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
MHCAX vs. PHYQX - Dividend Comparison
MHCAX's dividend yield for the trailing twelve months is around 5.88%, less than PHYQX's 6.89% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MHCAX MainStay MacKay High Yield Corporate Bond Fund Class A | 5.88% | 5.92% | 5.56% | 5.17% | 4.91% | 5.44% | 5.49% | 5.85% | 6.26% | 6.27% | 6.79% | 6.90% |
PHYQX PGIM High Yield Fund Class R6 | 6.89% | 7.53% | 7.11% | 7.14% | 5.63% | 6.12% | 6.31% | 6.70% | 6.39% | 6.50% | 7.03% | 6.73% |
Drawdowns
MHCAX vs. PHYQX - Drawdown Comparison
The maximum MHCAX drawdown since its inception was -29.56%, which is greater than PHYQX's maximum drawdown of -21.12%. Use the drawdown chart below to compare losses from any high point for MHCAX and PHYQX. For additional features, visit the drawdowns tool.
Volatility
MHCAX vs. PHYQX - Volatility Comparison
MainStay MacKay High Yield Corporate Bond Fund Class A (MHCAX) and PGIM High Yield Fund Class R6 (PHYQX) have volatilities of 2.06% and 2.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.