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. It was launched on Jan 22, 1990. PHYQX is managed by PGIM. It was launched on Oct 31, 2011.
Performance
PBHAX vs. PHYQX - Performance Comparison
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PBHAX vs. PHYQX - 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% |
PHYQX PGIM High Yield Fund Class R6 | -0.77% | 9.18% | 8.55% | 12.34% | -12.22% | 5.99% | 5.79% | 16.29% | -1.18% | 7.74% |
Returns By Period
In the year-to-date period, PBHAX achieves a -0.83% return, which is significantly lower than PHYQX's -0.77% return. Over the past 10 years, PBHAX has underperformed PHYQX with an annualized return of 5.22%, while PHYQX has yielded a comparatively higher 5.88% 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%
PHYQX
- 1D
- 0.63%
- 1M
- -1.65%
- YTD
- -0.77%
- 6M
- 0.27%
- 1Y
- 6.48%
- 3Y*
- 8.63%
- 5Y*
- 3.93%
- 10Y*
- 5.88%
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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.
Return for Risk
PBHAX vs. PHYQX — Risk / Return Rank
PBHAX
PHYQX
PBHAX vs. PHYQX - Risk-Adjusted Trends 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.
| PBHAX | PHYQX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.68 | 1.79 | -0.11 |
Sortino ratioReturn per unit of downside risk | 2.48 | 2.67 | -0.19 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.42 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.30 | 2.43 | -0.13 |
Martin ratioReturn relative to average drawdown | 9.48 | 9.84 | -0.36 |
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 | PHYQX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 1.79 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.78 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.96 | 1.08 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.34 | 1.12 | +0.22 |
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.
Dividends
PBHAX vs. PHYQX - Dividend Comparison
PBHAX's dividend yield for the trailing twelve months is around 6.24%, less than PHYQX's 6.58% 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% |
PHYQX PGIM High Yield Fund Class R6 | 6.58% | 7.07% | 7.53% | 7.09% | 6.29% | 6.23% | 6.56% | 6.32% | 6.64% | 6.38% | 4.88% | 7.05% |
Drawdowns
PBHAX vs. PHYQX - Drawdown Comparison
The maximum PBHAX drawdown since its inception was -28.80%, 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.
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Drawdown Indicators
| PBHAX | PHYQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.80% | -21.12% | -7.68% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | -2.94% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -16.22% | -16.05% | -0.17% |
Max Drawdown (10Y)Largest decline over 10 years | -21.14% | -21.12% | -0.02% |
Current DrawdownCurrent decline from peak | -1.65% | -1.86% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -2.88% | -2.25% | -0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 0.72% | -0.01% |
Volatility
PBHAX vs. PHYQX - Volatility Comparison
PGIM High Yield Fund (PBHAX) and PGIM High Yield Fund Class R6 (PHYQX) have volatilities of 1.41% and 1.41%, 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.
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Volatility by Period
| PBHAX | PHYQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 1.41% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 2.47% | 2.46% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 3.78% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.01% | 5.05% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.48% | 5.47% | +0.01% |