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PBHAX vs. BND
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PBHAX and BND is -0.16. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0
Correlation: -0.2

Performance

PBHAX vs. BND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM High Yield Fund (PBHAX) and Vanguard Total Bond Market ETF (BND). The values are adjusted to include any dividend payments, if applicable.

60.00%80.00%100.00%120.00%140.00%160.00%180.00%NovemberDecember2025FebruaryMarchApril
178.42%
68.98%
PBHAX
BND

Key characteristics

Sharpe Ratio

PBHAX:

2.35

BND:

1.30

Sortino Ratio

PBHAX:

3.61

BND:

1.89

Omega Ratio

PBHAX:

1.57

BND:

1.23

Calmar Ratio

PBHAX:

2.42

BND:

0.51

Martin Ratio

PBHAX:

10.24

BND:

3.35

Ulcer Index

PBHAX:

0.90%

BND:

2.05%

Daily Std Dev

PBHAX:

3.92%

BND:

5.31%

Max Drawdown

PBHAX:

-28.75%

BND:

-18.84%

Current Drawdown

PBHAX:

-1.92%

BND:

-7.18%

Returns By Period

In the year-to-date period, PBHAX achieves a 0.60% return, which is significantly lower than BND's 2.40% return. Over the past 10 years, PBHAX has outperformed BND with an annualized return of 4.64%, while BND has yielded a comparatively lower 1.37% annualized return.


PBHAX

YTD

0.60%

1M

-1.11%

6M

1.40%

1Y

9.18%

5Y*

6.02%

10Y*

4.64%

BND

YTD

2.40%

1M

0.12%

6M

1.40%

1Y

6.96%

5Y*

-0.91%

10Y*

1.37%

*Annualized

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. BND - Expense Ratio Comparison

PBHAX has a 0.75% expense ratio, which is higher than BND's 0.03% expense ratio.


Expense ratio chart for PBHAX: current value is 0.75%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
PBHAX: 0.75%
Expense ratio chart for BND: current value is 0.03%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
BND: 0.03%

Risk-Adjusted Performance

PBHAX vs. BND — Risk-Adjusted Performance Rank

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

PBHAX
The Risk-Adjusted Performance Rank of PBHAX is 9494
Overall Rank
The Sharpe Ratio Rank of PBHAX is 9494
Sharpe Ratio Rank
The Sortino Ratio Rank of PBHAX is 9494
Sortino Ratio Rank
The Omega Ratio Rank of PBHAX is 9494
Omega Ratio Rank
The Calmar Ratio Rank of PBHAX is 9494
Calmar Ratio Rank
The Martin Ratio Rank of PBHAX is 9494
Martin Ratio Rank

BND
The Risk-Adjusted Performance Rank of BND is 8080
Overall Rank
The Sharpe Ratio Rank of BND is 8787
Sharpe Ratio Rank
The Sortino Ratio Rank of BND is 8888
Sortino Ratio Rank
The Omega Ratio Rank of BND is 8484
Omega Ratio Rank
The Calmar Ratio Rank of BND is 6565
Calmar Ratio Rank
The Martin Ratio Rank of BND is 7777
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

PBHAX vs. BND - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM High Yield Fund (PBHAX) and Vanguard Total Bond Market ETF (BND). 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.


The chart of Sharpe ratio for PBHAX, currently valued at 2.35, compared to the broader market-1.000.001.002.003.00
PBHAX: 2.35
BND: 1.30
The chart of Sortino ratio for PBHAX, currently valued at 3.61, compared to the broader market-2.000.002.004.006.008.00
PBHAX: 3.61
BND: 1.89
The chart of Omega ratio for PBHAX, currently valued at 1.57, compared to the broader market0.501.001.502.002.503.00
PBHAX: 1.57
BND: 1.23
The chart of Calmar ratio for PBHAX, currently valued at 2.42, compared to the broader market0.002.004.006.008.0010.00
PBHAX: 2.42
BND: 0.51
The chart of Martin ratio for PBHAX, currently valued at 10.24, compared to the broader market0.0010.0020.0030.0040.0050.00
PBHAX: 10.24
BND: 3.35

The current PBHAX Sharpe Ratio is 2.35, which is higher than the BND Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of PBHAX and BND, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
2.35
1.30
PBHAX
BND

Dividends

PBHAX vs. BND - Dividend Comparison

PBHAX's dividend yield for the trailing twelve months is around 7.14%, more than BND's 3.70% yield.


TTM20242023202220212020201920182017201620152014
PBHAX
PGIM High Yield Fund
7.14%7.13%6.77%6.74%5.25%5.70%5.99%6.27%6.01%6.20%6.65%6.37%
BND
Vanguard Total Bond Market ETF
3.70%3.67%3.09%2.60%1.97%2.22%2.72%2.81%2.54%2.51%2.57%2.79%

Drawdowns

PBHAX vs. BND - Drawdown Comparison

The maximum PBHAX drawdown since its inception was -28.75%, which is greater than BND's maximum drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for PBHAX and BND. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%NovemberDecember2025FebruaryMarchApril
-1.92%
-7.18%
PBHAX
BND

Volatility

PBHAX vs. BND - Volatility Comparison

PGIM High Yield Fund (PBHAX) and Vanguard Total Bond Market ETF (BND) have volatilities of 2.12% and 2.18%, 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.


1.00%1.50%2.00%NovemberDecember2025FebruaryMarchApril
2.12%
2.18%
PBHAX
BND