PBHAX vs. SPYD
Compare and contrast key facts about PGIM High Yield Fund (PBHAX) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD).
PBHAX is managed by PGIM Investments. It was launched on Jan 22, 1990. SPYD is a passively managed fund by State Street that tracks the performance of the S&P 500 High Dividend Index. It was launched on Oct 21, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PBHAX or SPYD.
Performance
PBHAX vs. SPYD - Performance Comparison
Returns By Period
In the year-to-date period, PBHAX achieves a 7.64% return, which is significantly lower than SPYD's 20.15% return.
PBHAX
7.64%
-0.05%
6.06%
14.20%
3.77%
4.76%
SPYD
20.15%
-1.32%
12.60%
33.94%
8.08%
N/A
Key characteristics
| PBHAX | SPYD | |
|---|---|---|
| Sharpe Ratio | 3.53 | 2.55 |
| Sortino Ratio | 6.38 | 3.55 |
| Omega Ratio | 1.93 | 1.45 |
| Calmar Ratio | 1.81 | 2.07 |
| Martin Ratio | 22.37 | 16.91 |
| Ulcer Index | 0.63% | 1.96% |
| Daily Std Dev | 4.02% | 13.04% |
| Max Drawdown | -28.75% | -46.42% |
| Current Drawdown | -0.67% | -1.32% |
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PBHAX vs. SPYD - Expense Ratio Comparison
PBHAX has a 0.75% expense ratio, which is higher than SPYD's 0.07% expense ratio.
Correlation
The correlation between PBHAX and SPYD is 0.36, 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.
Risk-Adjusted Performance
PBHAX vs. SPYD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM High Yield Fund (PBHAX) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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. SPYD - Dividend Comparison
PBHAX's dividend yield for the trailing twelve months is around 7.14%, more than SPYD's 4.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBHAX PGIM High Yield Fund | 7.14% | 6.77% | 6.74% | 5.25% | 5.70% | 5.99% | 6.27% | 6.01% | 6.20% | 6.65% | 6.37% | 6.39% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 4.06% | 4.66% | 5.01% | 3.69% | 4.96% | 4.42% | 4.75% | 4.64% | 4.34% | 1.13% | 0.00% | 0.00% |
Drawdowns
PBHAX vs. SPYD - Drawdown Comparison
The maximum PBHAX drawdown since its inception was -28.75%, smaller than the maximum SPYD drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for PBHAX and SPYD. For additional features, visit the drawdowns tool.
Volatility
PBHAX vs. SPYD - Volatility Comparison
The current volatility for PGIM High Yield Fund (PBHAX) is 0.77%, while SPDR Portfolio S&P 500 High Dividend ETF (SPYD) has a volatility of 3.42%. This indicates that PBHAX experiences smaller price fluctuations and is considered to be less risky than SPYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.