PBHAX vs. PTEZX

Last updated Apr 1, 2026

Compare and contrast key facts about PGIM High Yield Fund (PBHAX) and PGIM Quant Solutions Large-Cap Core Equity Fund (PTEZX).

PBHAX is managed by PGIM. It was launched on Jan 22, 1990. PTEZX is managed by PGIM. It was launched on Mar 3, 1999.

Performance

PBHAX vs. PTEZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM High Yield Fund (PBHAX) and PGIM Quant Solutions Large-Cap Core Equity Fund (PTEZX). The values are adjusted to include any dividend payments, if applicable.

PBHAX vs. PTEZX - 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%
PTEZX PGIM Quant Solutions Large-Cap Core Equity Fund	-5.83%	16.65%	39.29%	26.67%	-16.52%	29.12%	11.22%	33.36%	-7.50%	23.38%

Returns By Period

In the year-to-date period, PBHAX achieves a -1.45% return, which is significantly higher than PTEZX's -5.83% return. Over the past 10 years, PBHAX has underperformed PTEZX with an annualized return of 5.16%, while PTEZX has yielded a comparatively higher 14.44% 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%

PTEZX

• 1D: -0.60%
• 1M: -7.49%
• YTD: -5.83%
• 6M: -2.63%
• 1Y: 17.04%
• 3Y*: 22.05%
• 5Y*: 13.91%
• 10Y*: 14.44%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PBHAX vs. PTEZX - Expense Ratio Comparison

PBHAX has a 0.75% expense ratio, which is higher than PTEZX's 0.49% expense ratio.

PBHAX

PGIM High Yield Fund

PTEZX

PGIM Quant Solutions Large-Cap Core Equity Fund

Return for Risk

PBHAX vs. PTEZX — Risk / Return Rank

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

PBHAX

PBHAX Risk / Return Rank: 85
PBHAX Sharpe Ratio Rank: 85
PBHAX Sortino Ratio Rank: 88
PBHAX Omega Ratio Rank: 88
PBHAX Calmar Ratio Rank: 82
PBHAX Martin Ratio Rank: 83

PTEZX

PTEZX Risk / Return Rank: 53
PTEZX Sharpe Ratio Rank: 47
PTEZX Sortino Ratio Rank: 51
PTEZX Omega Ratio Rank: 56
PTEZX Calmar Ratio Rank: 48
PTEZX Martin Ratio Rank: 61

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PBHAX vs. PTEZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM High Yield Fund (PBHAX) and PGIM Quant Solutions Large-Cap Core Equity Fund (PTEZX). 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	PTEZX	Difference
Sharpe ratio Return per unit of total volatility	1.61	0.94	+0.67
Sortino ratio Return per unit of downside risk	2.37	1.44	+0.93
Omega ratio Gain probability vs. loss probability	1.38	1.22	+0.16
Calmar ratio Return relative to maximum drawdown	1.99	1.19	+0.80
Martin ratio Return relative to average drawdown	8.31	5.84	+2.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PBHAX vs. PTEZX - Sharpe Ratio Comparison

The current PBHAX Sharpe Ratio is 1.61, which is higher than the PTEZX Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of PBHAX and PTEZX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PBHAX	PTEZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.61	0.94	+0.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.70	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.95	0.73	+0.21
Sharpe Ratio (All Time) Calculated using the full available price history	1.33	0.39	+0.94

Correlation

The correlation between PBHAX and PTEZX is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

PBHAX vs. PTEZX - Dividend Comparison

PBHAX's dividend yield for the trailing twelve months is around 6.28%, less than PTEZX's 12.22% 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%
PTEZX PGIM Quant Solutions Large-Cap Core Equity Fund	12.22%	11.51%	20.91%	3.55%	2.72%	16.00%	2.38%	6.76%	23.24%	15.58%	5.37%	5.92%

Drawdowns

PBHAX vs. PTEZX - Drawdown Comparison

The maximum PBHAX drawdown since its inception was -28.80%, smaller than the maximum PTEZX drawdown of -55.81%. Use the drawdown chart below to compare losses from any high point for PBHAX and PTEZX.

Drawdown Indicators

	PBHAX	PTEZX	Difference
Max Drawdown Largest peak-to-trough decline	-28.80%	-55.81%	+27.01%
Max Drawdown (1Y) Largest decline over 1 year	-2.94%	-12.69%	+9.75%
Max Drawdown (5Y) Largest decline over 5 years	-16.22%	-26.20%	+9.98%
Max Drawdown (10Y) Largest decline over 10 years	-21.14%	-36.19%	+15.05%
Current Drawdown Current decline from peak	-2.27%	-8.66%	+6.39%
Average Drawdown Average peak-to-trough decline	-2.88%	-11.73%	+8.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.70%	2.58%	-1.88%

Volatility

PBHAX vs. PTEZX - Volatility Comparison

The current volatility for PGIM High Yield Fund (PBHAX) is 1.20%, while PGIM Quant Solutions Large-Cap Core Equity Fund (PTEZX) has a volatility of 4.40%. This indicates that PBHAX experiences smaller price fluctuations and is considered to be less risky than PTEZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PBHAX	PTEZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.20%	4.40%	-3.20%
Volatility (6M) Calculated over the trailing 6-month period	2.39%	9.47%	-7.08%
Volatility (1Y) Calculated over the trailing 1-year period	3.78%	18.84%	-15.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.01%	19.93%	-14.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.48%	19.84%	-14.36%