PBHAX vs. VWEHX
Compare and contrast key facts about PGIM High Yield Fund (PBHAX) and Vanguard High-Yield Corporate Fund Investor Shares (VWEHX).
PBHAX is managed by PGIM Investments. It was launched on Jan 22, 1990. VWEHX is managed by Vanguard. It was launched on Dec 27, 1978.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PBHAX or VWEHX.
Key characteristics
| PBHAX | VWEHX | |
|---|---|---|
| YTD Return | 7.86% | 6.03% |
| 1Y Return | 14.18% | 11.41% |
| 3Y Return (Ann) | 1.98% | 2.74% |
| 5Y Return (Ann) | 3.82% | 3.70% |
| 10Y Return (Ann) | 4.72% | 4.41% |
| Sharpe Ratio | 3.70 | 3.44 |
| Sortino Ratio | 6.79 | 5.94 |
| Omega Ratio | 1.99 | 1.90 |
| Calmar Ratio | 1.94 | 3.54 |
| Martin Ratio | 24.01 | 22.19 |
| Ulcer Index | 0.63% | 0.56% |
| Daily Std Dev | 4.11% | 3.63% |
| Max Drawdown | -28.75% | -30.17% |
| Current Drawdown | -0.46% | -0.58% |
Correlation
The correlation between PBHAX and VWEHX is 0.66, 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. VWEHX - Performance Comparison
In the year-to-date period, PBHAX achieves a 7.86% return, which is significantly higher than VWEHX's 6.03% return. Over the past 10 years, PBHAX has outperformed VWEHX with an annualized return of 4.72%, while VWEHX has yielded a comparatively lower 4.41% annualized 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. VWEHX - Expense Ratio Comparison
PBHAX has a 0.75% expense ratio, which is higher than VWEHX's 0.23% expense ratio.
Risk-Adjusted Performance
PBHAX vs. VWEHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM High Yield Fund (PBHAX) and Vanguard High-Yield Corporate Fund Investor Shares (VWEHX). 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. VWEHX - Dividend Comparison
PBHAX's dividend yield for the trailing twelve months is around 7.12%, more than VWEHX's 6.03% 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% |
VWEHX Vanguard High-Yield Corporate Fund Investor Shares | 6.03% | 5.68% | 5.11% | 4.15% | 4.62% | 5.25% | 5.93% | 5.30% | 5.39% | 5.88% | 5.59% | 5.79% |
Drawdowns
PBHAX vs. VWEHX - Drawdown Comparison
The maximum PBHAX drawdown since its inception was -28.75%, roughly equal to the maximum VWEHX drawdown of -30.17%. Use the drawdown chart below to compare losses from any high point for PBHAX and VWEHX. For additional features, visit the drawdowns tool.
Volatility
PBHAX vs. VWEHX - Volatility Comparison
PGIM High Yield Fund (PBHAX) has a higher volatility of 0.73% compared to Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) at 0.68%. This indicates that PBHAX's price experiences larger fluctuations and is considered to be riskier than VWEHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.