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PBHAX vs. USHY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

PBHAX vs. USHY

Last updated May 12, 2025

Compare and contrast key facts about PGIM High Yield Fund (PBHAX) and iShares Broad USD High Yield Corporate Bond ETF (USHY).

PBHAX is managed by PGIM Investments. It was launched on Jan 22, 1990. USHY is a passively managed fund by iShares that tracks the performance of the ICE BofA US High Yield Constrained. It was launched on Oct 25, 2017.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PBHAX or USHY.

Correlation

The correlation between PBHAX and USHY is 0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Performance

PBHAX vs. USHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM High Yield Fund (PBHAX) and iShares Broad USD High Yield Corporate Bond ETF (USHY). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Returns By Period

PBHAX

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

USHY

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

*Annualized

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PBHAX vs. USHY - Expense Ratio Comparison

PBHAX has a 0.75% expense ratio, which is higher than USHY's 0.15% expense ratio.

PBHAX
PGIM High Yield Fund
USHY
iShares Broad USD High Yield Corporate Bond ETF

Risk-Adjusted Performance

PBHAX vs. USHY — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PBHAX
The Risk-Adjusted Performance Rank of PBHAX is 9393
Overall Rank
The Sharpe Ratio Rank of PBHAX is 9494
Sharpe Ratio Rank
The Sortino Ratio Rank of PBHAX is 9393
Sortino Ratio Rank
The Omega Ratio Rank of PBHAX is 9393
Omega Ratio Rank
The Calmar Ratio Rank of PBHAX is 9393
Calmar Ratio Rank
The Martin Ratio Rank of PBHAX is 9292
Martin Ratio Rank
USHY
The Risk-Adjusted Performance Rank of USHY is 9191
Overall Rank
The Sharpe Ratio Rank of USHY is 9090
Sharpe Ratio Rank
The Sortino Ratio Rank of USHY is 9090
Sortino Ratio Rank
The Omega Ratio Rank of USHY is 9191
Omega Ratio Rank
The Calmar Ratio Rank of USHY is 9191
Calmar Ratio Rank
The Martin Ratio Rank of USHY is 9292
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

PBHAX vs. USHY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM High Yield Fund (PBHAX) and iShares Broad USD High Yield Corporate Bond ETF (USHY). 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.

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Dividends

PBHAX vs. USHY - Dividend Comparison

PBHAX has not paid dividends to shareholders, while USHY's dividend yield for the trailing twelve months is around 6.84%.

TTM20242023202220212020201920182017201620152014
PBHAX
PGIM High Yield Fund		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
USHY
iShares Broad USD High Yield Corporate Bond ETF		6.84%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

PBHAX vs. USHY - Drawdown Comparison

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Volatility

PBHAX vs. USHY - Volatility Comparison

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