PBHAX vs. AGDAX
Compare and contrast key facts about PGIM High Yield Fund (PBHAX) and AB High Income Fund (AGDAX).
PBHAX is managed by PGIM. It was launched on Jan 22, 1990. AGDAX is managed by AllianceBernstein. It was launched on Feb 25, 1994.
Performance
PBHAX vs. AGDAX - Performance Comparison
Loading graphics...
PBHAX vs. AGDAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PBHAX PGIM High Yield Fund | -0.83% | 8.79% | 6.89% | 10.75% | -12.51% | 5.63% | 4.87% | 15.86% | -1.53% | 7.50% |
AGDAX AB High Income Fund | -1.36% | 8.06% | 7.36% | 13.63% | -12.45% | 3.87% | 2.91% | 13.71% | -5.29% | 7.94% |
Returns By Period
In the year-to-date period, PBHAX achieves a -0.83% return, which is significantly higher than AGDAX's -1.36% return. Over the past 10 years, PBHAX has outperformed AGDAX with an annualized return of 5.22%, while AGDAX has yielded a comparatively lower 4.65% annualized return.
PBHAX
- 1D
- 0.63%
- 1M
- -1.65%
- YTD
- -0.83%
- 6M
- 0.32%
- 1Y
- 6.13%
- 3Y*
- 7.45%
- 5Y*
- 3.14%
- 10Y*
- 5.22%
AGDAX
- 1D
- 0.44%
- 1M
- -1.85%
- YTD
- -1.36%
- 6M
- -0.10%
- 1Y
- 5.65%
- 3Y*
- 8.09%
- 5Y*
- 3.56%
- 10Y*
- 4.65%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PBHAX vs. AGDAX - Expense Ratio Comparison
PBHAX has a 0.75% expense ratio, which is lower than AGDAX's 0.84% expense ratio.
Return for Risk
PBHAX vs. AGDAX — Risk / Return Rank
PBHAX
AGDAX
PBHAX vs. AGDAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM High Yield Fund (PBHAX) and AB High Income Fund (AGDAX). 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.
| PBHAX | AGDAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.68 | 1.54 | +0.14 |
Sortino ratioReturn per unit of downside risk | 2.48 | 2.18 | +0.30 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.34 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.30 | 1.99 | +0.31 |
Martin ratioReturn relative to average drawdown | 9.48 | 8.03 | +1.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PBHAX | AGDAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 1.54 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.73 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.96 | 0.83 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.34 | 0.87 | +0.47 |
Correlation
The correlation between PBHAX and AGDAX is 0.53, 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
PBHAX vs. AGDAX - Dividend Comparison
PBHAX's dividend yield for the trailing twelve months is around 6.24%, less than AGDAX's 6.33% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBHAX PGIM High Yield Fund | 6.24% | 6.71% | 6.01% | 5.73% | 5.94% | 5.88% | 5.70% | 5.96% | 6.26% | 5.98% | 4.61% | 6.64% |
AGDAX AB High Income Fund | 6.33% | 6.85% | 5.89% | 6.53% | 6.79% | 4.95% | 5.86% | 6.27% | 7.47% | 5.84% | 6.25% | 7.42% |
Drawdowns
PBHAX vs. AGDAX - Drawdown Comparison
The maximum PBHAX drawdown since its inception was -28.80%, smaller than the maximum AGDAX drawdown of -45.59%. Use the drawdown chart below to compare losses from any high point for PBHAX and AGDAX.
Loading graphics...
Drawdown Indicators
| PBHAX | AGDAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.80% | -45.59% | +16.79% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | -3.17% | +0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -16.22% | -16.96% | +0.74% |
Max Drawdown (10Y)Largest decline over 10 years | -21.14% | -25.82% | +4.68% |
Current DrawdownCurrent decline from peak | -1.65% | -2.19% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -2.88% | -4.49% | +1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 0.78% | -0.07% |
Volatility
PBHAX vs. AGDAX - Volatility Comparison
PGIM High Yield Fund (PBHAX) has a higher volatility of 1.41% compared to AB High Income Fund (AGDAX) at 1.31%. This indicates that PBHAX's price experiences larger fluctuations and is considered to be riskier than AGDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PBHAX | AGDAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 1.31% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 2.47% | 2.31% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 3.82% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.01% | 4.89% | +0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.48% | 5.65% | -0.17% |