PBHAX vs. CWFIX
Compare and contrast key facts about PGIM High Yield Fund (PBHAX) and Chartwell Short Duration High Yield Fund (CWFIX).
PBHAX is managed by PGIM. It was launched on Jan 22, 1990. CWFIX is managed by Carillon Family of Funds. It was launched on Jul 15, 2014.
Performance
PBHAX vs. CWFIX - Performance Comparison
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PBHAX vs. CWFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PBHAX PGIM High Yield Fund | -1.45% | 8.79% | 6.89% | 10.75% | -12.51% | 5.63% | 4.87% | 15.86% | -1.53% | 7.50% |
CWFIX Chartwell Short Duration High Yield Fund | -0.40% | 6.99% | 5.78% | 7.80% | -3.17% | 2.40% | 4.38% | 7.33% | 0.36% | 3.06% |
Returns By Period
In the year-to-date period, PBHAX achieves a -1.45% return, which is significantly lower than CWFIX's -0.40% return. Over the past 10 years, PBHAX has outperformed CWFIX with an annualized return of 5.16%, while CWFIX has yielded a comparatively lower 4.00% annualized return.
PBHAX
- 1D
- 0.21%
- 1M
- -2.27%
- YTD
- -1.45%
- 6M
- -0.31%
- 1Y
- 5.68%
- 3Y*
- 7.23%
- 5Y*
- 3.05%
- 10Y*
- 5.16%
CWFIX
- 1D
- 0.11%
- 1M
- -1.03%
- YTD
- -0.40%
- 6M
- 1.21%
- 1Y
- 5.08%
- 3Y*
- 6.16%
- 5Y*
- 3.68%
- 10Y*
- 4.00%
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PBHAX vs. CWFIX - Expense Ratio Comparison
PBHAX has a 0.75% expense ratio, which is higher than CWFIX's 0.49% expense ratio.
Return for Risk
PBHAX vs. CWFIX — Risk / Return Rank
PBHAX
CWFIX
PBHAX vs. CWFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM High Yield Fund (PBHAX) and Chartwell Short Duration High Yield Fund (CWFIX). 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 | CWFIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.61 | 2.99 | -1.37 |
Sortino ratioReturn per unit of downside risk | 2.37 | 4.25 | -1.88 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.80 | -0.42 |
Calmar ratioReturn relative to maximum drawdown | 1.99 | 3.72 | -1.73 |
Martin ratioReturn relative to average drawdown | 8.31 | 17.45 | -9.14 |
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
| PBHAX | CWFIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 2.99 | -1.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 1.35 | -0.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.95 | 1.30 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.33 | 1.08 | +0.25 |
Correlation
The correlation between PBHAX and CWFIX is 0.68, 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. CWFIX - Dividend Comparison
PBHAX's dividend yield for the trailing twelve months is around 6.28%, more than CWFIX's 5.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBHAX PGIM High Yield Fund | 6.28% | 6.71% | 6.01% | 5.73% | 5.94% | 5.88% | 5.70% | 5.96% | 6.26% | 5.98% | 4.61% | 6.64% |
CWFIX Chartwell Short Duration High Yield Fund | 5.22% | 5.17% | 5.09% | 4.41% | 3.17% | 2.79% | 3.38% | 3.60% | 3.24% | 2.82% | 3.79% | 3.32% |
Drawdowns
PBHAX vs. CWFIX - Drawdown Comparison
The maximum PBHAX drawdown since its inception was -28.80%, which is greater than CWFIX's maximum drawdown of -12.41%. Use the drawdown chart below to compare losses from any high point for PBHAX and CWFIX.
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Drawdown Indicators
| PBHAX | CWFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.80% | -12.41% | -16.39% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | -1.37% | -1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -16.22% | -6.36% | -9.86% |
Max Drawdown (10Y)Largest decline over 10 years | -21.14% | -12.41% | -8.73% |
Current DrawdownCurrent decline from peak | -2.27% | -1.03% | -1.24% |
Average DrawdownAverage peak-to-trough decline | -2.88% | -0.87% | -2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 0.29% | +0.41% |
Volatility
PBHAX vs. CWFIX - Volatility Comparison
PGIM High Yield Fund (PBHAX) has a higher volatility of 1.20% compared to Chartwell Short Duration High Yield Fund (CWFIX) at 0.70%. This indicates that PBHAX's price experiences larger fluctuations and is considered to be riskier than CWFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PBHAX | CWFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 0.70% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 2.39% | 1.03% | +1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.78% | 1.71% | +2.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.01% | 2.75% | +2.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.48% | 3.09% | +2.39% |