PHYQX vs. PBHAX
Compare and contrast key facts about PGIM High Yield Fund Class R6 (PHYQX) and PGIM High Yield Fund (PBHAX).
PHYQX is managed by PGIM Funds (Prudential). It was launched on Oct 31, 2011. PBHAX is managed by PGIM Investments. It was launched on Jan 22, 1990.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PHYQX or PBHAX.
Performance
PHYQX vs. PBHAX - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with PHYQX having a 8.20% return and PBHAX slightly lower at 7.86%. Over the past 10 years, PHYQX has outperformed PBHAX with an annualized return of 5.17%, while PBHAX has yielded a comparatively lower 4.78% annualized return.
PHYQX
8.20%
0.18%
6.24%
14.34%
4.29%
5.17%
PBHAX
7.86%
0.16%
6.05%
13.93%
3.93%
4.78%
Key characteristics
| PHYQX | PBHAX | |
|---|---|---|
| Sharpe Ratio | 3.73 | 3.53 |
| Sortino Ratio | 6.79 | 6.37 |
| Omega Ratio | 2.03 | 1.93 |
| Calmar Ratio | 2.17 | 1.91 |
| Martin Ratio | 23.48 | 22.27 |
| Ulcer Index | 0.62% | 0.64% |
| Daily Std Dev | 3.91% | 4.02% |
| Max Drawdown | -21.12% | -28.75% |
| Current Drawdown | -0.43% | -0.46% |
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PHYQX vs. PBHAX - Expense Ratio Comparison
PHYQX has a 0.38% expense ratio, which is lower than PBHAX's 0.75% expense ratio.
Correlation
The correlation between PHYQX and PBHAX is 0.89, 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.
Risk-Adjusted Performance
PHYQX vs. PBHAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM High Yield Fund Class R6 (PHYQX) and PGIM High Yield Fund (PBHAX). 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. PBHAX - Dividend Comparison
PHYQX's dividend yield for the trailing twelve months is around 7.47%, more than PBHAX's 7.12% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHYQX PGIM High Yield Fund Class R6 | 7.47% | 7.11% | 7.14% | 5.63% | 6.12% | 6.31% | 6.70% | 6.39% | 6.50% | 7.03% | 6.73% | 6.72% |
PBHAX PGIM High Yield Fund | 7.12% | 6.77% | 6.74% | 5.25% | 5.70% | 5.99% | 6.27% | 6.01% | 6.20% | 6.65% | 6.37% | 6.39% |
Drawdowns
PHYQX vs. PBHAX - Drawdown Comparison
The maximum PHYQX drawdown since its inception was -21.12%, smaller than the maximum PBHAX drawdown of -28.75%. Use the drawdown chart below to compare losses from any high point for PHYQX and PBHAX. For additional features, visit the drawdowns tool.
Volatility
PHYQX vs. PBHAX - Volatility Comparison
The current volatility for PGIM High Yield Fund Class R6 (PHYQX) is 0.72%, while PGIM High Yield Fund (PBHAX) has a volatility of 0.76%. This indicates that PHYQX experiences smaller price fluctuations and is considered to be less risky than PBHAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.