PHYQX vs. ARTFX

Last updated Apr 2, 2026

Compare and contrast key facts about PGIM High Yield Fund Class R6 (PHYQX) and Artisan High Income Fund (ARTFX).

PHYQX is managed by PGIM. It was launched on Oct 31, 2011. ARTFX is managed by Artisan. It was launched on Mar 19, 2014.

Performance

PHYQX vs. ARTFX - Performance Comparison

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

PHYQX vs. ARTFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PHYQX PGIM High Yield Fund Class R6	-0.77%	9.18%	8.55%	12.34%	-12.22%	5.99%	5.79%	16.29%	-1.18%	7.74%
ARTFX Artisan High Income Fund	-1.54%	8.02%	7.76%	13.61%	-10.66%	3.79%	9.45%	14.04%	-1.66%	8.84%

Returns By Period

In the year-to-date period, PHYQX achieves a -0.77% return, which is significantly higher than ARTFX's -1.54% return. Over the past 10 years, PHYQX has underperformed ARTFX with an annualized return of 5.88%, while ARTFX has yielded a comparatively higher 6.23% annualized return.

PHYQX

• 1D: 0.63%
• 1M: -1.65%
• YTD: -0.77%
• 6M: 0.27%
• 1Y: 6.48%
• 3Y*: 8.63%
• 5Y*: 3.93%
• 10Y*: 5.88%

ARTFX

• 1D: 0.34%
• 1M: -1.54%
• YTD: -1.54%
• 6M: -0.61%
• 1Y: 5.12%
• 3Y*: 7.45%
• 5Y*: 3.35%
• 10Y*: 6.23%

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

PHYQX vs. ARTFX - Expense Ratio Comparison

PHYQX has a 0.38% expense ratio, which is lower than ARTFX's 0.96% expense ratio.

ARTFX

Artisan High Income Fund

PHYQX

PGIM High Yield Fund Class R6

Return for Risk

PHYQX vs. ARTFX — Risk / Return Rank

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

PHYQX

PHYQX Risk / Return Rank: 89
PHYQX Sharpe Ratio Rank: 88
PHYQX Sortino Ratio Rank: 91
PHYQX Omega Ratio Rank: 91
PHYQX Calmar Ratio Rank: 89
PHYQX Martin Ratio Rank: 88

ARTFX

ARTFX Risk / Return Rank: 83
ARTFX Sharpe Ratio Rank: 83
ARTFX Sortino Ratio Rank: 87
ARTFX Omega Ratio Rank: 88
ARTFX Calmar Ratio Rank: 79
ARTFX Martin Ratio Rank: 77

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.

PHYQX vs. ARTFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM High Yield Fund Class R6 (PHYQX) and Artisan High Income Fund (ARTFX). 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.

	PHYQX	ARTFX	Difference
Sharpe ratio Return per unit of total volatility	1.79	1.61	+0.18
Sortino ratio Return per unit of downside risk	2.67	2.39	+0.28
Omega ratio Gain probability vs. loss probability	1.42	1.39	+0.04
Calmar ratio Return relative to maximum drawdown	2.43	1.97	+0.45
Martin ratio Return relative to average drawdown	9.84	7.75	+2.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PHYQX vs. ARTFX - Sharpe Ratio Comparison

The current PHYQX Sharpe Ratio is 1.79, which is comparable to the ARTFX Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of PHYQX and ARTFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PHYQX	ARTFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.79	1.61	+0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	0.70	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.08	1.20	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	1.12	1.03	+0.09

Correlation

The correlation between PHYQX and ARTFX is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

PHYQX vs. ARTFX - Dividend Comparison

PHYQX's dividend yield for the trailing twelve months is around 6.58%, more than ARTFX's 6.36% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PHYQX PGIM High Yield Fund Class R6	6.58%	7.07%	7.53%	7.09%	6.29%	6.23%	6.56%	6.32%	6.64%	6.38%	4.88%	7.05%
ARTFX Artisan High Income Fund	6.36%	6.71%	6.52%	5.43%	6.23%	5.21%	5.33%	6.15%	6.99%	7.75%	6.53%	7.28%

Drawdowns

PHYQX vs. ARTFX - Drawdown Comparison

The maximum PHYQX drawdown since its inception was -21.12%, roughly equal to the maximum ARTFX drawdown of -21.42%. Use the drawdown chart below to compare losses from any high point for PHYQX and ARTFX.

Drawdown Indicators

	PHYQX	ARTFX	Difference
Max Drawdown Largest peak-to-trough decline	-21.12%	-21.42%	+0.30%
Max Drawdown (1Y) Largest decline over 1 year	-2.94%	-2.76%	-0.18%
Max Drawdown (5Y) Largest decline over 5 years	-16.05%	-14.62%	-1.43%
Max Drawdown (10Y) Largest decline over 10 years	-21.12%	-21.42%	+0.30%
Current Drawdown Current decline from peak	-1.86%	-2.21%	+0.35%
Average Drawdown Average peak-to-trough decline	-2.25%	-2.24%	-0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.72%	0.70%	+0.02%

Volatility

PHYQX vs. ARTFX - Volatility Comparison

PGIM High Yield Fund Class R6 (PHYQX) has a higher volatility of 1.41% compared to Artisan High Income Fund (ARTFX) at 1.08%. This indicates that PHYQX's price experiences larger fluctuations and is considered to be riskier than ARTFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PHYQX	ARTFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.41%	1.08%	+0.33%
Volatility (6M) Calculated over the trailing 6-month period	2.46%	1.91%	+0.55%
Volatility (1Y) Calculated over the trailing 1-year period	3.78%	3.30%	+0.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.05%	4.81%	+0.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.47%	5.19%	+0.28%