PHYQX vs. FXNAX
Compare and contrast key facts about PGIM High Yield Fund Class R6 (PHYQX) and Fidelity U.S. Bond Index Fund (FXNAX).
PHYQX is managed by PGIM. It was launched on Oct 31, 2011. FXNAX is managed by Fidelity.
Performance
PHYQX vs. FXNAX - Performance Comparison
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PHYQX vs. FXNAX - 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% |
FXNAX Fidelity U.S. Bond Index Fund | -0.26% | 7.14% | 1.35% | 5.82% | -13.55% | -2.10% | 7.63% | 8.50% | 0.04% | 3.50% |
Returns By Period
In the year-to-date period, PHYQX achieves a -0.77% return, which is significantly lower than FXNAX's -0.26% return. Over the past 10 years, PHYQX has outperformed FXNAX with an annualized return of 5.88%, while FXNAX has yielded a comparatively lower 1.54% 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%
FXNAX
- 1D
- 0.19%
- 1M
- -1.60%
- YTD
- -0.26%
- 6M
- 0.47%
- 1Y
- 3.69%
- 3Y*
- 3.52%
- 5Y*
- 0.10%
- 10Y*
- 1.54%
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PHYQX vs. FXNAX - Expense Ratio Comparison
PHYQX has a 0.38% expense ratio, which is higher than FXNAX's 0.03% expense ratio.
Return for Risk
PHYQX vs. FXNAX — Risk / Return Rank
PHYQX
FXNAX
PHYQX vs. FXNAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM High Yield Fund Class R6 (PHYQX) and Fidelity U.S. Bond Index Fund (FXNAX). 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 | FXNAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.79 | 0.93 | +0.86 |
Sortino ratioReturn per unit of downside risk | 2.67 | 1.33 | +1.34 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.16 | +0.26 |
Calmar ratioReturn relative to maximum drawdown | 2.43 | 1.66 | +0.77 |
Martin ratioReturn relative to average drawdown | 9.84 | 4.68 | +5.16 |
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
| PHYQX | FXNAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 0.93 | +0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.02 | +0.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.08 | 0.31 | +0.77 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.45 | +0.67 |
Correlation
The correlation between PHYQX and FXNAX is 0.25, 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.
Dividends
PHYQX vs. FXNAX - Dividend Comparison
PHYQX's dividend yield for the trailing twelve months is around 6.58%, more than FXNAX's 3.34% 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% |
FXNAX Fidelity U.S. Bond Index Fund | 3.34% | 3.58% | 3.40% | 3.15% | 1.81% | 1.74% | 2.92% | 2.68% | 2.74% | 2.57% | 2.76% | 2.52% |
Drawdowns
PHYQX vs. FXNAX - Drawdown Comparison
The maximum PHYQX drawdown since its inception was -21.12%, which is greater than FXNAX's maximum drawdown of -19.51%. Use the drawdown chart below to compare losses from any high point for PHYQX and FXNAX.
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Drawdown Indicators
| PHYQX | FXNAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.12% | -19.51% | -1.61% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | -2.71% | -0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -16.05% | -18.54% | +2.49% |
Max Drawdown (10Y)Largest decline over 10 years | -21.12% | -19.51% | -1.61% |
Current DrawdownCurrent decline from peak | -1.86% | -3.53% | +1.67% |
Average DrawdownAverage peak-to-trough decline | -2.25% | -3.87% | +1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 0.96% | -0.24% |
Volatility
PHYQX vs. FXNAX - Volatility Comparison
The current volatility for PGIM High Yield Fund Class R6 (PHYQX) is 1.41%, while Fidelity U.S. Bond Index Fund (FXNAX) has a volatility of 1.55%. This indicates that PHYQX experiences smaller price fluctuations and is considered to be less risky than FXNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PHYQX | FXNAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 1.55% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.46% | 2.58% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.78% | 4.35% | -0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.05% | 6.04% | -0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.47% | 4.99% | +0.48% |