PBHAX vs. PHYQX
Compare and contrast key facts about PGIM High Yield Fund (PBHAX) and PGIM High Yield Fund Class R6 (PHYQX).
PBHAX is managed by PGIM Investments. It was launched on Jan 22, 1990. PHYQX is managed by PGIM Funds (Prudential). It was launched on Oct 31, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PBHAX or PHYQX.
Performance
PBHAX vs. PHYQX - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with PBHAX having a 7.86% return and PHYQX slightly higher at 8.20%. Over the past 10 years, PBHAX has underperformed PHYQX with an annualized return of 4.78%, while PHYQX has yielded a comparatively higher 5.17% annualized return.
PBHAX
7.86%
0.16%
6.05%
13.93%
3.93%
4.78%
PHYQX
8.20%
0.18%
6.24%
14.34%
4.29%
5.17%
Key characteristics
| PBHAX | PHYQX | |
|---|---|---|
| Sharpe Ratio | 3.53 | 3.73 |
| Sortino Ratio | 6.37 | 6.79 |
| Omega Ratio | 1.93 | 2.03 |
| Calmar Ratio | 1.91 | 2.17 |
| Martin Ratio | 22.27 | 23.48 |
| Ulcer Index | 0.64% | 0.62% |
| Daily Std Dev | 4.02% | 3.91% |
| Max Drawdown | -28.75% | -21.12% |
| Current Drawdown | -0.46% | -0.43% |
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PBHAX vs. PHYQX - Expense Ratio Comparison
PBHAX has a 0.75% expense ratio, which is higher than PHYQX's 0.38% expense ratio.
Correlation
The correlation between PBHAX and PHYQX is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
PBHAX vs. PHYQX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM High Yield Fund (PBHAX) and PGIM High Yield Fund Class R6 (PHYQX). 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.
Dividends
PBHAX vs. PHYQX - Dividend Comparison
PBHAX's dividend yield for the trailing twelve months is around 7.12%, less than PHYQX's 7.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBHAX PGIM High Yield Fund | 7.12% | 6.77% | 6.74% | 5.25% | 5.70% | 5.99% | 6.27% | 6.01% | 6.20% | 6.65% | 6.37% | 6.39% |
PHYQX PGIM High Yield Fund Class R6 | 7.47% | 7.11% | 7.14% | 5.63% | 6.12% | 6.31% | 6.70% | 6.39% | 6.50% | 7.03% | 6.73% | 6.72% |
Drawdowns
PBHAX vs. PHYQX - Drawdown Comparison
The maximum PBHAX drawdown since its inception was -28.75%, which is greater than PHYQX's maximum drawdown of -21.12%. Use the drawdown chart below to compare losses from any high point for PBHAX and PHYQX. For additional features, visit the drawdowns tool.
Volatility
PBHAX vs. PHYQX - Volatility Comparison
PGIM High Yield Fund (PBHAX) has a higher volatility of 0.76% compared to PGIM High Yield Fund Class R6 (PHYQX) at 0.72%. This indicates that PBHAX's price experiences larger fluctuations and is considered to be riskier than PHYQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.