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

Correlation

The correlation between PBHAX and VHYAX is 0.43, 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.


-0.50.00.51.0
Correlation: 0.4

Performance

PBHAX vs. VHYAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM High Yield Fund (PBHAX) and Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX). The values are adjusted to include any dividend payments, if applicable.

20.00%40.00%60.00%80.00%100.00%NovemberDecember2025FebruaryMarchApril
30.83%
80.44%
PBHAX
VHYAX

Key characteristics

Sharpe Ratio

PBHAX:

2.35

VHYAX:

0.55

Sortino Ratio

PBHAX:

3.61

VHYAX:

0.86

Omega Ratio

PBHAX:

1.57

VHYAX:

1.12

Calmar Ratio

PBHAX:

2.42

VHYAX:

0.60

Martin Ratio

PBHAX:

10.24

VHYAX:

2.57

Ulcer Index

PBHAX:

0.90%

VHYAX:

3.36%

Daily Std Dev

PBHAX:

3.92%

VHYAX:

15.86%

Max Drawdown

PBHAX:

-28.75%

VHYAX:

-35.14%

Current Drawdown

PBHAX:

-1.92%

VHYAX:

-8.02%

Returns By Period

In the year-to-date period, PBHAX achieves a 0.60% return, which is significantly higher than VHYAX's -2.64% return.


PBHAX

YTD

0.60%

1M

-1.11%

6M

1.40%

1Y

9.18%

5Y*

6.02%

10Y*

4.64%

VHYAX

YTD

-2.64%

1M

-4.44%

6M

-3.33%

1Y

7.72%

5Y*

13.49%

10Y*

N/A

*Annualized

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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.


Expense ratio chart for PBHAX: current value is 0.75%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
PBHAX: 0.75%
Expense ratio chart for VHYAX: current value is 0.08%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VHYAX: 0.08%

Risk-Adjusted Performance

PBHAX vs. VHYAX — 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 9494
Overall Rank
The Sharpe Ratio Rank of PBHAX is 9494
Sharpe Ratio Rank
The Sortino Ratio Rank of PBHAX is 9494
Sortino Ratio Rank
The Omega Ratio Rank of PBHAX is 9494
Omega Ratio Rank
The Calmar Ratio Rank of PBHAX is 9494
Calmar Ratio Rank
The Martin Ratio Rank of PBHAX is 9494
Martin Ratio Rank

VHYAX
The Risk-Adjusted Performance Rank of VHYAX is 6464
Overall Rank
The Sharpe Ratio Rank of VHYAX is 5959
Sharpe Ratio Rank
The Sortino Ratio Rank of VHYAX is 6060
Sortino Ratio Rank
The Omega Ratio Rank of VHYAX is 6060
Omega Ratio Rank
The Calmar Ratio Rank of VHYAX is 7373
Calmar Ratio Rank
The Martin Ratio Rank of VHYAX is 6767
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. 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.


The chart of Sharpe ratio for PBHAX, currently valued at 2.35, compared to the broader market-1.000.001.002.003.00
PBHAX: 2.35
VHYAX: 0.55
The chart of Sortino ratio for PBHAX, currently valued at 3.61, compared to the broader market-2.000.002.004.006.008.00
PBHAX: 3.61
VHYAX: 0.86
The chart of Omega ratio for PBHAX, currently valued at 1.57, compared to the broader market0.501.001.502.002.503.00
PBHAX: 1.57
VHYAX: 1.12
The chart of Calmar ratio for PBHAX, currently valued at 2.42, compared to the broader market0.002.004.006.008.0010.00
PBHAX: 2.42
VHYAX: 0.60
The chart of Martin ratio for PBHAX, currently valued at 10.24, compared to the broader market0.0010.0020.0030.0040.0050.00
PBHAX: 10.24
VHYAX: 2.57

The current PBHAX Sharpe Ratio is 2.35, which is higher than the VHYAX Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of PBHAX and VHYAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
2.35
0.55
PBHAX
VHYAX

Dividends

PBHAX vs. VHYAX - Dividend Comparison

PBHAX's dividend yield for the trailing twelve months is around 7.14%, more than VHYAX's 2.97% yield.


TTM20242023202220212020201920182017201620152014
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%
VHYAX
Vanguard High Dividend Yield Index Fund Admiral Shares
2.97%2.72%3.10%2.98%2.74%3.16%3.00%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.


-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-1.92%
-8.02%
PBHAX
VHYAX

Volatility

PBHAX vs. VHYAX - Volatility Comparison

The current volatility for PGIM High Yield Fund (PBHAX) is 2.12%, while Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX) has a volatility of 11.38%. 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.


0.00%2.00%4.00%6.00%8.00%10.00%12.00%NovemberDecember2025FebruaryMarchApril
2.12%
11.38%
PBHAX
VHYAX