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 0.37, 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.
Performance
PBHAX vs. SPYD - Performance Comparison
Key characteristics
PBHAX:
1.60
SPYD:
0.39
PBHAX:
2.44
SPYD:
0.58
PBHAX:
1.36
SPYD:
1.08
PBHAX:
1.83
SPYD:
0.43
PBHAX:
9.10
SPYD:
1.43
PBHAX:
0.66%
SPYD:
3.79%
PBHAX:
3.77%
SPYD:
13.92%
PBHAX:
-28.75%
SPYD:
-46.42%
PBHAX:
-3.31%
SPYD:
-12.74%
Returns By Period
In the year-to-date period, PBHAX achieves a -0.82% return, which is significantly higher than SPYD's -5.72% return.
PBHAX
-0.82%
-3.11%
-0.65%
6.04%
6.70%
4.53%
SPYD
-5.72%
-7.76%
-8.60%
6.12%
17.25%
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 6.62%, more than SPYD's 4.73% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBHAX PGIM High Yield Fund | 6.62% | 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 | 4.73% | 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 1.57%, while SPDR Portfolio S&P 500 High Dividend ETF (SPYD) has a volatility of 7.63%. 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.