PHYL vs. MYHA
PHYL (PGIM Active High Yield Bond ETF) and MYHA (State Street My2027 High Yield Corporate Bond ETF) are both High Yield Bonds funds. Both are actively managed. Their correlation of 0.86 means they have usually moved in the same direction. PHYL charges 0.53%/yr vs 0.39%/yr for MYHA.
Performance
PHYL vs. MYHA - Performance Comparison
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Returns By Period
PHYL
- 1D
- 0.00%
- 1M
- -0.10%
- 6M
- 1.55%
- YTD
- 2.08%
- 1Y
- 5.30%
- 3Y*
- 8.70%
- 5Y*
- 4.02%
- 10Y*
- —
- ALL TIME*
- 5.42%
MYHA
- 1D
- -0.03%
- 1M
- 0.23%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.79K | $1.22K | $4.49K | |
| $11.95M | $8.34M | $5.99M |
PHYL vs. MYHA - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
PHYL PGIM Active High Yield Bond ETF | 1.15% |
MYHA State Street My2027 High Yield Corporate Bond ETF | 1.80% |
Correlation
The correlation between PHYL and MYHA is 0.86, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 26, 2026 | 0.86 |
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Return for Risk
PHYL vs. MYHA — Risk / Return Rank
PHYL
MYHA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PHYL vs. MYHA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Active High Yield Bond ETF (PHYL) and State Street My2027 High Yield Corporate Bond ETF (MYHA). 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.
| PHYL | MYHA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.30 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | — | — |
| Martin ratioReturn relative to average drawdown | 8.75 | — | — |
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Drawdowns
PHYL vs. MYHA - Drawdown Comparison
The maximum PHYL drawdown since its inception was -22.07%, which is greater than MYHA's maximum drawdown of -0.69%. Use the drawdown chart below to compare losses from any high point for PHYL and MYHA.
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Drawdown Indicators
| PHYL | MYHA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.07% | -0.69% | -21.38% |
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 DrawdownCurrent decline from peak | -0.10% | -0.03% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -3.00% | -0.10% | -2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | — | — |
Volatility
PHYL vs. MYHA - Volatility Comparison
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Volatility by Period
| PHYL | MYHA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.39% | 1.71% | +1.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.70% | 1.71% | +3.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.59% | 1.71% | +5.88% |
PHYL vs. MYHA - Expense Ratio Comparison
PHYL has a 0.53% expense ratio, which is higher than MYHA's 0.39% expense ratio.
Dividends
PHYL vs. MYHA - Dividend Comparison
PHYL's dividend yield for the trailing twelve months is around 6.96%, more than MYHA's 2.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
MYHA State Street My2027 High Yield Corporate Bond ETF | 2.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PHYL PGIM Active High Yield Bond ETF | 6.96% | 7.05% | 8.28% | 7.62% | 6.55% | 6.13% | 7.51% | 7.31% | 1.79% |
Frequently Asked Questions
PHYL and MYHA have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MYHA is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MYHA is cheaper with a 0.39% expense ratio, compared with 0.53% for PHYL.
PHYL has the higher dividend yield at 6.96%, compared with 2.53% for MYHA.
They also come from different issuers: PGIM and State Street. Their fees differ too: 0.53% for PHYL and 0.39% for MYHA.
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