OSTIX vs. HYSZX
Compare and contrast key facts about Osterweis Strategic Income Fund (OSTIX) and PGIM Short Duration High Yield Income Fund (HYSZX).
OSTIX is managed by Osterweis. It was launched on Aug 30, 2002. HYSZX is managed by PGIM. It was launched on Oct 26, 2012.
Performance
OSTIX vs. HYSZX - Performance Comparison
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OSTIX vs. HYSZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OSTIX Osterweis Strategic Income Fund | -0.71% | 4.04% | 8.03% | 12.29% | -5.94% | 5.48% | 9.01% | 5.36% | -0.66% | 6.00% |
HYSZX PGIM Short Duration High Yield Income Fund | -1.05% | 7.84% | 6.49% | 9.57% | -6.46% | 5.48% | 4.19% | 11.78% | 1.20% | 4.80% |
Returns By Period
In the year-to-date period, OSTIX achieves a -0.71% return, which is significantly higher than HYSZX's -1.05% return. Over the past 10 years, OSTIX has outperformed HYSZX with an annualized return of 5.19%, while HYSZX has yielded a comparatively lower 4.86% annualized return.
OSTIX
- 1D
- 0.09%
- 1M
- -1.08%
- YTD
- -0.71%
- 6M
- 0.01%
- 1Y
- 4.04%
- 3Y*
- 6.92%
- 5Y*
- 4.22%
- 10Y*
- 5.19%
HYSZX
- 1D
- 0.24%
- 1M
- -1.78%
- YTD
- -1.05%
- 6M
- 0.23%
- 1Y
- 5.13%
- 3Y*
- 6.59%
- 5Y*
- 3.81%
- 10Y*
- 4.86%
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OSTIX vs. HYSZX - Expense Ratio Comparison
OSTIX has a 0.84% expense ratio, which is higher than HYSZX's 0.75% expense ratio.
Return for Risk
OSTIX vs. HYSZX — Risk / Return Rank
OSTIX
HYSZX
OSTIX vs. HYSZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Osterweis Strategic Income Fund (OSTIX) and PGIM Short Duration High Yield Income Fund (HYSZX). 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.
| OSTIX | HYSZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.84 | 1.78 | +0.06 |
Sortino ratioReturn per unit of downside risk | 2.48 | 2.66 | -0.17 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.42 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.04 | 2.29 | -0.25 |
Martin ratioReturn relative to average drawdown | 9.46 | 9.59 | -0.12 |
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
| OSTIX | HYSZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 1.78 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.41 | 1.00 | +0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.76 | 1.16 | +0.60 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.32 | 1.13 | +1.20 |
Correlation
The correlation between OSTIX and HYSZX is 0.61, 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
OSTIX vs. HYSZX - Dividend Comparison
OSTIX's dividend yield for the trailing twelve months is around 4.95%, less than HYSZX's 5.95% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OSTIX Osterweis Strategic Income Fund | 4.95% | 3.96% | 5.25% | 5.72% | 4.72% | 4.03% | 3.85% | 4.74% | 4.66% | 4.58% | 5.23% | 5.98% |
HYSZX PGIM Short Duration High Yield Income Fund | 5.95% | 6.45% | 6.27% | 4.84% | 5.01% | 4.56% | 5.00% | 5.60% | 5.94% | 5.73% | 6.33% | 6.76% |
Drawdowns
OSTIX vs. HYSZX - Drawdown Comparison
The maximum OSTIX drawdown since its inception was -10.06%, smaller than the maximum HYSZX drawdown of -18.31%. Use the drawdown chart below to compare losses from any high point for OSTIX and HYSZX.
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Drawdown Indicators
| OSTIX | HYSZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.06% | -18.31% | +8.25% |
Max Drawdown (1Y)Largest decline over 1 year | -1.89% | -2.39% | +0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -9.75% | -9.77% | +0.02% |
Max Drawdown (10Y)Largest decline over 10 years | -10.06% | -18.31% | +8.25% |
Current DrawdownCurrent decline from peak | -1.33% | -1.78% | +0.45% |
Average DrawdownAverage peak-to-trough decline | -0.95% | -1.20% | +0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 0.57% | -0.16% |
Volatility
OSTIX vs. HYSZX - Volatility Comparison
The current volatility for Osterweis Strategic Income Fund (OSTIX) is 0.94%, while PGIM Short Duration High Yield Income Fund (HYSZX) has a volatility of 1.03%. This indicates that OSTIX experiences smaller price fluctuations and is considered to be less risky than HYSZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OSTIX | HYSZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 1.03% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 1.30% | 1.91% | -0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.21% | 3.08% | -0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.01% | 3.83% | -0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.96% | 4.21% | -1.25% |