PHYQX vs. FXAIX
Compare and contrast key facts about PGIM High Yield Fund Class R6 (PHYQX) and Fidelity 500 Index Fund (FXAIX).
PHYQX is managed by PGIM Funds (Prudential). It was launched on Oct 31, 2011. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PHYQX or FXAIX.
Key characteristics
| PHYQX | FXAIX | |
|---|---|---|
| YTD Return | 8.42% | 27.28% |
| 1Y Return | 15.84% | 37.86% |
| 3Y Return (Ann) | 2.43% | 10.36% |
| 5Y Return (Ann) | 4.26% | 16.05% |
| 10Y Return (Ann) | 5.14% | 13.34% |
| Sharpe Ratio | 3.97 | 3.24 |
| Sortino Ratio | 7.36 | 4.29 |
| Omega Ratio | 2.13 | 1.61 |
| Calmar Ratio | 2.04 | 4.74 |
| Martin Ratio | 25.69 | 21.47 |
| Ulcer Index | 0.62% | 1.86% |
| Daily Std Dev | 4.00% | 12.29% |
| Max Drawdown | -21.12% | -33.79% |
| Current Drawdown | -0.22% | 0.00% |
Correlation
The correlation between PHYQX and FXAIX is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PHYQX vs. FXAIX - Performance Comparison
In the year-to-date period, PHYQX achieves a 8.42% return, which is significantly lower than FXAIX's 27.28% return. Over the past 10 years, PHYQX has underperformed FXAIX with an annualized return of 5.14%, while FXAIX has yielded a comparatively higher 13.34% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PHYQX vs. FXAIX - Expense Ratio Comparison
PHYQX has a 0.38% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
PHYQX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM High Yield Fund Class R6 (PHYQX) and Fidelity 500 Index Fund (FXAIX). 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.
Dividends
PHYQX vs. FXAIX - Dividend Comparison
PHYQX's dividend yield for the trailing twelve months is around 7.45%, more than FXAIX's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHYQX PGIM High Yield Fund Class R6 | 7.45% | 7.11% | 7.14% | 5.63% | 6.12% | 6.31% | 6.70% | 6.39% | 6.50% | 7.03% | 6.73% | 6.72% |
FXAIX Fidelity 500 Index Fund | 1.21% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
Drawdowns
PHYQX vs. FXAIX - Drawdown Comparison
The maximum PHYQX drawdown since its inception was -21.12%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for PHYQX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
PHYQX vs. FXAIX - Volatility Comparison
The current volatility for PGIM High Yield Fund Class R6 (PHYQX) is 0.74%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.88%. This indicates that PHYQX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.