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.
Correlation
The correlation between PBHAX and SPYD is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PBHAX vs. SPYD - Performance Comparison
Key characteristics
PBHAX:
2.35
SPYD:
0.72
PBHAX:
3.61
SPYD:
1.05
PBHAX:
1.57
SPYD:
1.15
PBHAX:
2.42
SPYD:
0.69
PBHAX:
10.24
SPYD:
2.41
PBHAX:
0.90%
SPYD:
4.60%
PBHAX:
3.92%
SPYD:
15.51%
PBHAX:
-28.75%
SPYD:
-46.42%
PBHAX:
-1.92%
SPYD:
-9.58%
Returns By Period
In the year-to-date period, PBHAX achieves a 0.60% return, which is significantly higher than SPYD's -2.31% return.
PBHAX
0.60%
-1.11%
1.40%
9.18%
6.02%
4.64%
SPYD
-2.31%
-4.01%
-6.42%
9.71%
15.16%
N/A
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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.
Risk-Adjusted Performance
PBHAX vs. SPYD — Risk-Adjusted Performance Rank
PBHAX
SPYD
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 4.57% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBHAX PGIM High Yield Fund | 7.14% | 7.13% | 6.77% | 6.74% | 5.25% | 5.70% | 5.99% | 6.27% | 6.01% | 6.20% | 6.65% | 6.37% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 4.57% | 4.31% | 4.66% | 5.01% | 3.69% | 4.96% | 4.42% | 4.75% | 4.64% | 4.34% | 1.13% | 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 2.12%, while SPDR Portfolio S&P 500 High Dividend ETF (SPYD) has a volatility of 10.55%. 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.