PHYL vs. ESHY

Last updated Jun 5, 2026

PHYL (PGIM Active High Yield Bond ETF) and ESHY (Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF) are both High Yield Bonds funds. PHYL is actively managed, while ESHY is passively managed. PHYL charges 0.53%/yr vs 0.20%/yr for ESHY.

Performance

PHYL vs. ESHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Active High Yield Bond ETF (PHYL) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PHYL

• 1D: 0.17%
• 1M: 0.33%
• YTD: 1.53%
• 6M: 2.10%
• 1Y: 7.43%
• 3Y*: 9.20%
• 5Y*: 4.04%
• 10Y*: —

ESHY

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PHYL vs. ESHY - Yearly Performance Comparison

	2026 (YTD)
PHYL PGIM Active High Yield Bond ETF	0.75%
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	0.00%

PHYL vs. ESHY - Sectors Allocation Comparison

Sectors	PHYL	ESHY
Energy	59.0%	100.0%
Communication Services	41.1%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

PHYL vs. ESHY — Risk / Return Rank

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

PHYL

PHYL Risk / Return Rank: 71
PHYL Sharpe Ratio Rank: 72
PHYL Sortino Ratio Rank: 77
PHYL Omega Ratio Rank: 79
PHYL Calmar Ratio Rank: 57
PHYL Martin Ratio Rank: 69

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.

PHYL vs. ESHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Active High Yield Bond ETF (PHYL) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY). 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	ESHY	Difference
Sharpe ratio: Return per unit of total volatility	2.30	—	—
Sortino ratio: Return per unit of downside risk	3.40	—	—
Omega ratio: Gain probability vs. loss probability	1.47	—	—
Calmar ratio: Return relative to maximum drawdown	2.79	—	—
Martin ratio: Return relative to average drawdown	12.75	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PHYL	ESHY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	—	—

Drawdowns

PHYL vs. ESHY - Drawdown Comparison

The maximum PHYL drawdown since its inception was -22.07%, which is greater than ESHY's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for PHYL and ESHY.

Drawdown Indicators

	PHYL	ESHY	Difference
Max Drawdown Largest peak-to-trough decline	-22.07%	0.00%	-22.07%
Max Drawdown (1Y) Largest decline over 1 year	-2.68%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.53%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.11%	—	—
Current Drawdown Current decline from peak	-0.13%	0.00%	-0.13%
Average Drawdown Average peak-to-trough decline	-3.06%	0.00%	-3.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.58%	—	—

Volatility

Volatility by Period

	PHYL	ESHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.09%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.59%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.25%	0.00%	+3.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.68%	0.00%	+5.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.66%	0.00%	+7.66%

PHYL vs. ESHY - Expense Ratio Comparison

PHYL has a 0.53% expense ratio, which is higher than ESHY's 0.20% expense ratio.

Dividends

PHYL vs. ESHY - Dividend Comparison

PHYL's dividend yield for the trailing twelve months is around 6.99%, while ESHY has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PHYL PGIM Active High Yield Bond ETF	6.99%	7.05%	8.28%	7.62%	6.55%	6.13%	7.51%	7.31%	1.79%

Frequently Asked Questions

Which ETF is better, PHYL or ESHY?

On fees, ESHY is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PHYL or ESHY?

ESHY is cheaper with a 0.20% expense ratio, compared with 0.53% for PHYL.

Which ETF pays a higher dividend yield, PHYL or ESHY?

PHYL has the higher dividend yield at 6.99%, compared with 0.00% for ESHY.

What is the main difference between PHYL and ESHY?

They also come from different issuers: Prudential and Deutsche Bank. Their fees differ too: 0.53% for PHYL and 0.20% for ESHY.