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.
Key characteristics
| PBHAX | PHYQX | |
|---|---|---|
| YTD Return | 8.08% | 8.42% |
| 1Y Return | 15.43% | 15.84% |
| 3Y Return (Ann) | 2.05% | 2.43% |
| 5Y Return (Ann) | 3.86% | 4.26% |
| 10Y Return (Ann) | 4.75% | 5.14% |
| Sharpe Ratio | 3.77 | 3.97 |
| Sortino Ratio | 6.92 | 7.36 |
| Omega Ratio | 2.02 | 2.13 |
| Calmar Ratio | 1.83 | 2.04 |
| Martin Ratio | 24.43 | 25.69 |
| Ulcer Index | 0.63% | 0.62% |
| Daily Std Dev | 4.11% | 4.00% |
| Max Drawdown | -28.75% | -21.12% |
| Current Drawdown | -0.25% | -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.
Performance
PBHAX vs. PHYQX - Performance Comparison
The year-to-date returns for both investments are quite close, with PBHAX having a 8.08% return and PHYQX slightly higher at 8.42%. Over the past 10 years, PBHAX has underperformed PHYQX with an annualized return of 4.75%, while PHYQX has yielded a comparatively higher 5.14% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
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 7.11%, less than PHYQX's 7.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBHAX PGIM High Yield Fund | 7.11% | 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 | 7.45% | 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) and PGIM High Yield Fund Class R6 (PHYQX) have volatilities of 0.72% and 0.74%, 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.