PHYL vs. CII
Compare and contrast key facts about PGIM Active High Yield Bond ETF (PHYL) and BlackRock Enhanced Large Cap Core Fund (CII).
PHYL is an actively managed fund by Prudential. It was launched on Sep 24, 2018. CII is an actively managed fund by BlackRock. It was launched on Apr 27, 2004.
Performance
PHYL vs. CII - Performance Comparison
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PHYL vs. CII - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PHYL PGIM Active High Yield Bond ETF | -0.69% | 9.65% | 8.45% | 11.91% | -11.80% | 6.20% | 6.31% | 16.77% | -4.15% |
CII BlackRock Enhanced Large Cap Core Fund | -8.35% | 37.78% | 12.70% | 18.47% | -13.21% | 34.26% | 8.11% | 30.46% | -16.28% |
Returns By Period
In the year-to-date period, PHYL achieves a -0.69% return, which is significantly higher than CII's -8.35% return.
PHYL
- 1D
- 0.78%
- 1M
- -1.59%
- YTD
- -0.69%
- 6M
- 0.68%
- 1Y
- 7.47%
- 3Y*
- 8.62%
- 5Y*
- 3.95%
- 10Y*
- —
CII
- 1D
- 2.24%
- 1M
- -6.83%
- YTD
- -8.35%
- 6M
- 3.68%
- 1Y
- 34.51%
- 3Y*
- 16.55%
- 5Y*
- 11.62%
- 10Y*
- 13.13%
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PHYL vs. CII - Expense Ratio Comparison
PHYL has a 0.53% expense ratio, which is lower than CII's 0.91% expense ratio.
Return for Risk
PHYL vs. CII — Risk / Return Rank
PHYL
CII
PHYL vs. CII - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Active High Yield Bond ETF (PHYL) and BlackRock Enhanced Large Cap Core Fund (CII). 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.
| PHYL | CII | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.68 | 1.73 | -0.05 |
Sortino ratioReturn per unit of downside risk | 2.35 | 2.41 | -0.06 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.36 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.95 | 2.92 | -0.97 |
Martin ratioReturn relative to average drawdown | 9.37 | 10.81 | -1.44 |
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
| PHYL | CII | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 1.73 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.69 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.71 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.49 | +0.20 |
Correlation
The correlation between PHYL and CII is 0.55, 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.
Dividends
PHYL vs. CII - Dividend Comparison
PHYL's dividend yield for the trailing twelve months is around 7.88%, less than CII's 18.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHYL PGIM Active High Yield Bond ETF | 7.88% | 7.05% | 8.28% | 7.62% | 6.55% | 6.13% | 7.51% | 7.31% | 1.79% | 0.00% | 0.00% | 0.00% |
CII BlackRock Enhanced Large Cap Core Fund | 18.51% | 16.65% | 6.15% | 6.28% | 12.27% | 4.98% | 6.03% | 5.79% | 7.06% | 6.07% | 8.38% | 8.49% |
Drawdowns
PHYL vs. CII - Drawdown Comparison
The maximum PHYL drawdown since its inception was -22.07%, smaller than the maximum CII drawdown of -56.43%. Use the drawdown chart below to compare losses from any high point for PHYL and CII.
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Drawdown Indicators
| PHYL | CII | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.07% | -56.43% | +34.36% |
Max Drawdown (1Y)Largest decline over 1 year | -3.80% | -11.76% | +7.96% |
Max Drawdown (5Y)Largest decline over 5 years | -16.11% | -22.32% | +6.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.56% | — |
Current DrawdownCurrent decline from peak | -1.76% | -9.51% | +7.75% |
Average DrawdownAverage peak-to-trough decline | -3.13% | -6.21% | +3.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 3.18% | -2.39% |
Volatility
PHYL vs. CII - Volatility Comparison
The current volatility for PGIM Active High Yield Bond ETF (PHYL) is 1.88%, while BlackRock Enhanced Large Cap Core Fund (CII) has a volatility of 7.33%. This indicates that PHYL experiences smaller price fluctuations and is considered to be less risky than CII based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PHYL | CII | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.88% | 7.33% | -5.45% |
Volatility (6M)Calculated over the trailing 6-month period | 2.50% | 12.67% | -10.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.46% | 20.00% | -15.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.66% | 16.99% | -11.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.73% | 18.45% | -10.72% |