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.
Key characteristics
| PHYQX | PBHAX | |
|---|---|---|
| YTD Return | 8.42% | 8.08% |
| 1Y Return | 15.84% | 15.43% |
| 3Y Return (Ann) | 2.43% | 2.05% |
| 5Y Return (Ann) | 4.26% | 3.86% |
| 10Y Return (Ann) | 5.14% | 4.75% |
| Sharpe Ratio | 3.97 | 3.77 |
| Sortino Ratio | 7.36 | 6.92 |
| Omega Ratio | 2.13 | 2.02 |
| Calmar Ratio | 2.04 | 1.83 |
| Martin Ratio | 25.69 | 24.43 |
| Ulcer Index | 0.62% | 0.63% |
| Daily Std Dev | 4.00% | 4.11% |
| Max Drawdown | -21.12% | -28.75% |
| Current Drawdown | -0.22% | -0.25% |
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.
Performance
PHYQX vs. PBHAX - Performance Comparison
The year-to-date returns for both stocks are quite close, with PHYQX having a 8.42% return and PBHAX slightly lower at 8.08%. Over the past 10 years, PHYQX has outperformed PBHAX with an annualized return of 5.14%, while PBHAX has yielded a comparatively lower 4.75% 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. PBHAX - Expense Ratio Comparison
PHYQX has a 0.38% expense ratio, which is lower than PBHAX's 0.75% expense ratio.
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 7.45%, more than PBHAX's 7.11% 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% |
PBHAX PGIM High Yield Fund | 7.11% | 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
PGIM High Yield Fund Class R6 (PHYQX) and PGIM High Yield Fund (PBHAX) have volatilities of 0.74% and 0.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.