PBHAX vs. VHYAX
Compare and contrast key facts about PGIM High Yield Fund (PBHAX) and Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX).
PBHAX is managed by PGIM Investments. It was launched on Jan 22, 1990. VHYAX is managed by Vanguard. It was launched on Feb 7, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PBHAX or VHYAX.
Key characteristics
| PBHAX | VHYAX | |
|---|---|---|
| YTD Return | 7.86% | 20.56% |
| 1Y Return | 14.18% | 29.94% |
| 3Y Return (Ann) | 1.98% | 9.37% |
| 5Y Return (Ann) | 3.82% | 11.00% |
| Sharpe Ratio | 3.70 | 3.04 |
| Sortino Ratio | 6.79 | 4.29 |
| Omega Ratio | 1.99 | 1.56 |
| Calmar Ratio | 1.94 | 6.25 |
| Martin Ratio | 24.01 | 19.77 |
| Ulcer Index | 0.63% | 1.64% |
| Daily Std Dev | 4.11% | 10.70% |
| Max Drawdown | -28.75% | -35.14% |
| Current Drawdown | -0.46% | -0.72% |
Correlation
The correlation between PBHAX and VHYAX is 0.39, 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. VHYAX - Performance Comparison
In the year-to-date period, PBHAX achieves a 7.86% return, which is significantly lower than VHYAX's 20.56% 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. VHYAX - Expense Ratio Comparison
PBHAX has a 0.75% expense ratio, which is higher than VHYAX's 0.08% expense ratio.
Risk-Adjusted Performance
PBHAX vs. VHYAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM High Yield Fund (PBHAX) and Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX). 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. VHYAX - Dividend Comparison
PBHAX's dividend yield for the trailing twelve months is around 7.12%, more than VHYAX's 2.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBHAX PGIM High Yield Fund | 7.12% | 6.77% | 6.74% | 5.25% | 5.70% | 5.99% | 6.27% | 6.01% | 6.20% | 6.65% | 6.37% | 6.39% |
VHYAX Vanguard High Dividend Yield Index Fund Admiral Shares | 2.74% | 3.10% | 2.98% | 2.74% | 3.16% | 3.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PBHAX vs. VHYAX - Drawdown Comparison
The maximum PBHAX drawdown since its inception was -28.75%, smaller than the maximum VHYAX drawdown of -35.14%. Use the drawdown chart below to compare losses from any high point for PBHAX and VHYAX. For additional features, visit the drawdowns tool.
Volatility
PBHAX vs. VHYAX - Volatility Comparison
The current volatility for PGIM High Yield Fund (PBHAX) is 0.73%, while Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX) has a volatility of 3.83%. This indicates that PBHAX experiences smaller price fluctuations and is considered to be less risky than VHYAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.