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 Funds (Prudential). It was launched on Oct 31, 2011. FXNAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PHYQX or FXNAX.
Correlation
The correlation between PHYQX and FXNAX is -0.13. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
PHYQX vs. FXNAX - Performance Comparison
Key characteristics
PHYQX:
2.33
FXNAX:
1.32
PHYQX:
3.56
FXNAX:
1.98
PHYQX:
1.56
FXNAX:
1.23
PHYQX:
2.11
FXNAX:
0.50
PHYQX:
9.08
FXNAX:
3.25
PHYQX:
1.01%
FXNAX:
2.16%
PHYQX:
3.91%
FXNAX:
5.30%
PHYQX:
-21.12%
FXNAX:
-19.64%
PHYQX:
-2.07%
FXNAX:
-8.23%
Returns By Period
In the year-to-date period, PHYQX achieves a 0.50% return, which is significantly lower than FXNAX's 2.06% return. Over the past 10 years, PHYQX has outperformed FXNAX with an annualized return of 5.14%, while FXNAX has yielded a comparatively lower 1.26% annualized return.
PHYQX
0.50%
-1.04%
1.41%
9.61%
6.70%
5.14%
FXNAX
2.06%
0.29%
1.57%
7.33%
-1.17%
1.26%
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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.
Risk-Adjusted Performance
PHYQX vs. FXNAX — Risk-Adjusted Performance Rank
PHYQX
FXNAX
PHYQX vs. FXNAX - Risk-Adjusted Performance 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.
Dividends
PHYQX vs. FXNAX - Dividend Comparison
PHYQX's dividend yield for the trailing twelve months is around 6.86%, more than FXNAX's 3.12% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHYQX PGIM High Yield Fund Class R6 | 6.86% | 7.48% | 7.12% | 7.12% | 6.72% | 6.53% | 6.33% | 6.48% | 6.39% | 6.50% | 7.03% | 6.73% |
FXNAX Fidelity U.S. Bond Index Fund | 3.12% | 3.40% | 2.92% | 2.41% | 1.81% | 2.10% | 2.69% | 2.74% | 2.52% | 2.52% | 2.69% | 2.59% |
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 -19.64%. Use the drawdown chart below to compare losses from any high point for PHYQX and FXNAX. For additional features, visit the drawdowns tool.
Volatility
PHYQX vs. FXNAX - Volatility Comparison
PGIM High Yield Fund Class R6 (PHYQX) has a higher volatility of 2.16% compared to Fidelity U.S. Bond Index Fund (FXNAX) at 2.01%. This indicates that PHYQX's price experiences larger fluctuations and is considered to be riskier than FXNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.