PBHAX vs. VWEAX
Compare and contrast key facts about PGIM High Yield Fund (PBHAX) and Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX).
PBHAX is managed by PGIM. It was launched on Jan 22, 1990. VWEAX is managed by Vanguard. It was launched on Nov 12, 2001.
Performance
PBHAX vs. VWEAX - Performance Comparison
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PBHAX vs. VWEAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PBHAX PGIM High Yield Fund | -1.45% | 8.79% | 6.89% | 10.75% | -12.51% | 5.63% | 4.87% | 15.86% | -1.53% | 7.50% |
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | -1.68% | 9.49% | 6.42% | 11.79% | -8.95% | 3.04% | 5.41% | 15.92% | -2.80% | 7.17% |
Returns By Period
In the year-to-date period, PBHAX achieves a -1.45% return, which is significantly higher than VWEAX's -1.68% return. Both investments have delivered pretty close results over the past 10 years, with PBHAX having a 5.16% annualized return and VWEAX not far ahead at 5.22%.
PBHAX
- 1D
- 0.21%
- 1M
- -2.27%
- YTD
- -1.45%
- 6M
- -0.31%
- 1Y
- 5.68%
- 3Y*
- 7.23%
- 5Y*
- 3.05%
- 10Y*
- 5.16%
VWEAX
- 1D
- 0.18%
- 1M
- -2.34%
- YTD
- -1.68%
- 6M
- 0.04%
- 1Y
- 5.98%
- 3Y*
- 7.45%
- 5Y*
- 3.91%
- 10Y*
- 5.22%
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PBHAX vs. VWEAX - Expense Ratio Comparison
PBHAX has a 0.75% expense ratio, which is higher than VWEAX's 0.13% expense ratio.
Return for Risk
PBHAX vs. VWEAX — Risk / Return Rank
PBHAX
VWEAX
PBHAX vs. VWEAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM High Yield Fund (PBHAX) and Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX). 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.
| PBHAX | VWEAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.61 | 1.92 | -0.31 |
Sortino ratioReturn per unit of downside risk | 2.37 | 2.89 | -0.52 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.47 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.99 | 2.52 | -0.53 |
Martin ratioReturn relative to average drawdown | 8.31 | 10.45 | -2.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PBHAX | VWEAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 1.92 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.81 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.95 | 1.00 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.33 | 1.22 | +0.12 |
Correlation
The correlation between PBHAX and VWEAX is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PBHAX vs. VWEAX - Dividend Comparison
PBHAX's dividend yield for the trailing twelve months is around 6.28%, more than VWEAX's 5.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBHAX PGIM High Yield Fund | 6.28% | 6.71% | 6.01% | 5.73% | 5.94% | 5.88% | 5.70% | 5.96% | 6.26% | 5.98% | 4.61% | 6.64% |
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | 5.91% | 6.25% | 6.20% | 5.79% | 5.21% | 3.49% | 4.71% | 5.33% | 6.07% | 5.39% | 5.51% | 6.53% |
Drawdowns
PBHAX vs. VWEAX - Drawdown Comparison
The maximum PBHAX drawdown since its inception was -28.80%, roughly equal to the maximum VWEAX drawdown of -30.05%. Use the drawdown chart below to compare losses from any high point for PBHAX and VWEAX.
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Drawdown Indicators
| PBHAX | VWEAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.80% | -30.05% | +1.25% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | -2.52% | -0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -16.22% | -13.77% | -2.45% |
Max Drawdown (10Y)Largest decline over 10 years | -21.14% | -19.68% | -1.46% |
Current DrawdownCurrent decline from peak | -2.27% | -2.34% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -2.88% | -2.13% | -0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 0.61% | +0.09% |
Volatility
PBHAX vs. VWEAX - Volatility Comparison
PGIM High Yield Fund (PBHAX) and Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) have volatilities of 1.20% and 1.23%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PBHAX | VWEAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 1.23% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.39% | 2.25% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.78% | 3.43% | +0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.01% | 4.86% | +0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.48% | 5.27% | +0.21% |