PBHAX vs. USHY
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.
Key characteristics
| PBHAX | USHY | |
|---|---|---|
| YTD Return | 8.08% | 8.90% |
| 1Y Return | 15.43% | 14.82% |
| 3Y Return (Ann) | 2.05% | 3.19% |
| 5Y Return (Ann) | 3.86% | 4.47% |
| Sharpe Ratio | 3.77 | 3.46 |
| Sortino Ratio | 6.92 | 5.57 |
| Omega Ratio | 2.02 | 1.71 |
| Calmar Ratio | 1.83 | 2.92 |
| Martin Ratio | 24.43 | 27.25 |
| Ulcer Index | 0.63% | 0.56% |
| Daily Std Dev | 4.11% | 4.42% |
| Max Drawdown | -28.75% | -22.44% |
| Current Drawdown | -0.25% | -0.03% |
Correlation
The correlation between PBHAX and USHY is 0.58, 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. USHY - Performance Comparison
In the year-to-date period, PBHAX achieves a 8.08% return, which is significantly lower than USHY's 8.90% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
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.
Dividends
PBHAX vs. USHY - Dividend Comparison
PBHAX's dividend yield for the trailing twelve months is around 7.11%, more than USHY's 6.66% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBHAX PGIM High Yield Fund | 7.11% | 6.77% | 6.74% | 5.25% | 5.70% | 5.99% | 6.27% | 6.01% | 6.20% | 6.65% | 6.37% | 6.39% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.66% | 6.62% | 6.08% | 5.07% | 5.31% | 5.91% | 6.30% | 0.73% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PBHAX vs. USHY - Drawdown Comparison
The maximum PBHAX drawdown since its inception was -28.75%, which is greater than USHY's maximum drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for PBHAX and USHY. For additional features, visit the drawdowns tool.
Volatility
PBHAX vs. USHY - Volatility Comparison
The current volatility for PGIM High Yield Fund (PBHAX) is 0.72%, while iShares Broad USD High Yield Corporate Bond ETF (USHY) has a volatility of 0.95%. This indicates that PBHAX experiences smaller price fluctuations and is considered to be less risky than USHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.