PBH vs. HYG

Last updated Jun 3, 2026

PBH (Prestige Consumer Healthcare Inc.) is a stock, while HYG (iShares iBoxx $ High Yield Corporate Bond ETF) is High Yield Bonds fund tracking the iBoxx $ Liquid High Yield Index. Over the past 10 years, PBH returned -1.56%/yr vs 4.97%/yr for HYG. At a 0.34 correlation, their price movements are largely independent.

Performance

PBH vs. HYG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Prestige Consumer Healthcare Inc. (PBH) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PBH achieves a -25.71% return, which is significantly lower than HYG's 1.60% return. Over the past 10 years, PBH has underperformed HYG with an annualized return of -1.56%, while HYG has yielded a comparatively higher 4.97% annualized return.

PBH

• 1D: -0.26%
• 1M: -16.81%
• YTD: -25.71%
• 6M: -23.22%
• 1Y: -46.39%
• 3Y*: -7.81%
• 5Y*: -1.87%
• 10Y*: -1.56%

HYG

• 1D: 0.08%
• 1M: 0.31%
• YTD: 1.60%
• 6M: 2.09%
• 1Y: 7.00%
• 3Y*: 8.58%
• 5Y*: 3.87%
• 10Y*: 4.97%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PBH vs. HYG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PBH Prestige Consumer Healthcare Inc.	-25.71%	-21.00%	27.56%	-2.20%	3.22%	73.93%	-13.90%	31.15%	-30.47%	-14.76%
HYG iShares iBoxx $ High Yield Corporate Bond ETF	1.60%	8.59%	7.97%	11.54%	-10.98%	3.76%	4.47%	14.09%	-2.02%	6.07%

Correlation

The correlation between PBH and HYG is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (10Y) Calculated over the trailing 10-year period	0.32
Correlation (All Time) Calculated using the full available price history since Apr 12, 2007	0.34

Return for Risk

PBH vs. HYG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PBH

PBH Risk / Return Rank: 1
PBH Sharpe Ratio Rank: 0
PBH Sortino Ratio Rank: 1
PBH Omega Ratio Rank: 1
PBH Calmar Ratio Rank: 2
PBH Martin Ratio Rank: 2

HYG

HYG Risk / Return Rank: 60
HYG Sharpe Ratio Rank: 53
HYG Sortino Ratio Rank: 59
HYG Omega Ratio Rank: 58
HYG Calmar Ratio Rank: 59
HYG Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PBH vs. HYG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Prestige Consumer Healthcare Inc. (PBH) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG). 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.

	PBH	HYG	Difference
Sharpe ratio Return per unit of total volatility	-1.60	1.85	-3.46
Sortino ratio Return per unit of downside risk	-2.32	2.80	-5.12
Omega ratio Gain probability vs. loss probability	0.69	1.36	-0.67
Calmar ratio Return relative to maximum drawdown	-0.99	2.99	-3.97
Martin ratio Return relative to average drawdown	-1.70	13.22	-14.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PBH vs. HYG - Sharpe Ratio Comparison

The current PBH Sharpe Ratio is -1.60, which is lower than the HYG Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of PBH and HYG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PBH	HYG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.60	1.85	-3.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.07	0.52	-0.59
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.05	0.60	-0.65
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.46	-0.34

Drawdowns

PBH vs. HYG - Drawdown Comparison

The maximum PBH drawdown since its inception was -80.60%, which is greater than HYG's maximum drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for PBH and HYG.

Drawdown Indicators

	PBH	HYG	Difference
Max Drawdown Largest peak-to-trough decline	-80.60%	-34.25%	-46.35%
Max Drawdown (1Y) Largest decline over 1 year	-47.10%	-2.34%	-44.76%
Max Drawdown (3Y) Largest decline over 3 years	-48.56%	-4.56%	-44.00%
Max Drawdown (5Y) Largest decline over 5 years	-48.56%	-15.79%	-32.77%
Max Drawdown (10Y) Largest decline over 10 years	-53.75%	-22.03%	-31.72%
Current Drawdown Current decline from peak	-48.56%	-0.00%	-48.56%
Average Drawdown Average peak-to-trough decline	-28.00%	-3.24%	-24.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.28%	0.53%	+26.75%

Volatility

PBH vs. HYG - Volatility Comparison

Prestige Consumer Healthcare Inc. (PBH) has a higher volatility of 14.47% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 1.22%. This indicates that PBH's price experiences larger fluctuations and is considered to be riskier than HYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PBH	HYG	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.47%	1.22%	+13.25%
Volatility (6M) Calculated over the trailing 6-month period	24.11%	3.00%	+21.11%
Volatility (1Y) Calculated over the trailing 1-year period	29.04%	3.79%	+25.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.96%	7.52%	+18.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.39%	8.29%	+21.10%

Dividends

PBH vs. HYG - Dividend Comparison

PBH has not paid dividends to shareholders, while HYG's dividend yield for the trailing twelve months is around 5.90%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYG iShares iBoxx $ High Yield Corporate Bond ETF	5.90%	5.71%	6.01%	5.74%	5.30%	4.02%	4.88%	4.99%	5.54%	5.12%	5.27%	5.90%
PBH Prestige Consumer Healthcare Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PBH and HYG in my portfolio?

PBH and HYG have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PBH or HYG?

PBH has higher volatility (14.47%) compared to HYG (1.22%). In terms of maximum drawdown, PBH dropped -80.60% vs HYG's -34.25%.

Which has better risk-adjusted returns?

HYG currently has the higher Sharpe Ratio (1.85 vs -1.60), 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.