PDEJX vs. PHYQX

Last updated Jun 26, 2026

PDEJX (Prudential Day One 2025 Fund) and PHYQX (PGIM High Yield Fund Class R6) are both mutual funds - PDEJX is a Target Retirement Date fund managed by PGIM, while PHYQX is a High Yield Bonds fund managed by PGIM. Over the past 5 years, PDEJX returned 7.23%/yr vs 4.01%/yr for PHYQX. A 0.54 correlation means they provide meaningful diversification when combined. PDEJX charges 0.00%/yr vs 0.38%/yr for PHYQX.

Performance

PDEJX vs. PHYQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Prudential Day One 2025 Fund (PDEJX) and PGIM High Yield Fund Class R6 (PHYQX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PDEJX achieves a 5.44% return, which is significantly higher than PHYQX's 1.64% return.

PDEJX

• 1D: 0.18%
• 1M: -0.70%
• YTD: 5.44%
• 6M: 4.86%
• 1Y: 12.39%
• 3Y*: 13.59%
• 5Y*: 7.23%
• 10Y*: —

PHYQX

• 1D: 0.21%
• 1M: 0.39%
• YTD: 1.64%
• 6M: 2.22%
• 1Y: 6.42%
• 3Y*: 9.30%
• 5Y*: 4.01%
• 10Y*: 5.91%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PDEJX vs. PHYQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PDEJX Prudential Day One 2025 Fund	5.44%	11.91%	17.34%	11.21%	-12.30%	12.90%	9.30%	16.82%	-4.47%	12.48%
PHYQX PGIM High Yield Fund Class R6	1.64%	9.18%	8.55%	12.34%	-12.22%	5.99%	5.79%	16.29%	-1.18%	7.74%

Correlation

The correlation between PDEJX and PHYQX is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.54

The correlation between PDEJX and PHYQX has been stable across timeframes, ranging from 0.54 to 0.62 - a consistent structural relationship.

Return for Risk

PDEJX vs. PHYQX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PDEJX

PDEJX Risk / Return Rank: 74
PDEJX Sharpe Ratio Rank: 72
PDEJX Sortino Ratio Rank: 73
PDEJX Omega Ratio Rank: 72
PDEJX Calmar Ratio Rank: 69
PDEJX Martin Ratio Rank: 83

PHYQX

PHYQX Risk / Return Rank: 72
PHYQX Sharpe Ratio Rank: 57
PHYQX Sortino Ratio Rank: 81
PHYQX Omega Ratio Rank: 80
PHYQX Calmar Ratio Rank: 65
PHYQX Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PDEJX vs. PHYQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Prudential Day One 2025 Fund (PDEJX) and PGIM High Yield Fund Class R6 (PHYQX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PDEJX	PHYQX	Difference
Sharpe ratio: Return per unit of total volatility	2.06	1.84	+0.22
Sortino ratio: Return per unit of downside risk	2.95	3.26	-0.31
Omega ratio: Gain probability vs. loss probability	1.39	1.44	-0.05
Calmar ratio: Return relative to maximum drawdown	2.77	2.70	+0.08
Martin ratio: Return relative to average drawdown	12.93	11.86	+1.07

PDEJX vs. PHYQX - Sharpe Ratio Comparison

The current PDEJX Sharpe Ratio is 2.06, which is comparable to the PHYQX Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of PDEJX and PHYQX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PDEJX vs. PHYQX - Drawdown Comparison

The maximum PDEJX drawdown since its inception was -20.45%, roughly equal to the maximum PHYQX drawdown of -21.12%. Use the drawdown chart below to compare losses from any high point for PDEJX and PHYQX.

Drawdown Indicators

	PDEJX	PHYQX	Difference
Max Drawdown Largest peak-to-trough decline	-20.45%	-21.12%	+0.67%
Max Drawdown (1Y) Largest decline over 1 year	-4.45%	-2.47%	-1.98%
Max Drawdown (3Y) Largest decline over 3 years	-6.83%	-3.76%	-3.07%
Max Drawdown (5Y) Largest decline over 5 years	-16.83%	-16.05%	-0.78%
Max Drawdown (10Y) Largest decline over 10 years	—	-21.12%	—
Current Drawdown Current decline from peak	-1.04%	-0.42%	-0.62%
Average Drawdown Average peak-to-trough decline	-2.85%	-2.22%	-0.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.95%	0.56%	+0.39%

Volatility

PDEJX vs. PHYQX - Volatility Comparison

Prudential Day One 2025 Fund (PDEJX) has a higher volatility of 2.33% compared to PGIM High Yield Fund Class R6 (PHYQX) at 1.16%. This indicates that PDEJX's price experiences larger fluctuations and is considered to be riskier than PHYQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PDEJX	PHYQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.33%	1.16%	+1.17%
Volatility (6M) Calculated over the trailing 6-month period	4.96%	2.87%	+2.09%
Volatility (1Y) Calculated over the trailing 1-year period	6.00%	3.63%	+2.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.91%	5.11%	+3.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.82%	5.47%	+3.35%

PDEJX vs. PHYQX - Expense Ratio Comparison

PDEJX has a 0.00% expense ratio, which is lower than PHYQX's 0.38% expense ratio.

Dividends

PDEJX vs. PHYQX - Dividend Comparison

PDEJX's dividend yield for the trailing twelve months is around 5.34%, less than PHYQX's 7.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PDEJX Prudential Day One 2025 Fund	5.34%	5.63%	20.16%	3.66%	7.83%	10.79%	2.42%	5.03%	4.61%	1.68%	0.00%	0.00%
PHYQX PGIM High Yield Fund Class R6	7.11%	7.07%	7.53%	7.09%	6.29%	6.23%	6.56%	6.32%	6.64%	6.38%	4.88%	7.05%

Frequently Asked Questions

Can I hold both PDEJX and PHYQX in my portfolio?

PDEJX and PHYQX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PDEJX or PHYQX?

PDEJX has higher volatility (2.33%) compared to PHYQX (1.16%). In terms of maximum drawdown, PDEJX dropped -20.45% vs PHYQX's -21.12%.

Which has better risk-adjusted returns?

PDEJX currently has the higher Sharpe Ratio (2.06 vs 1.84), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.