PHYQX vs. PIMIX
Compare and contrast key facts about PGIM High Yield Fund Class R6 (PHYQX) and PIMCO Income Fund Institutional Class (PIMIX).
PHYQX is managed by PGIM Funds (Prudential). It was launched on Oct 31, 2011. PIMIX is managed by PIMCO. It was launched on Mar 30, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PHYQX or PIMIX.
Key characteristics
| PHYQX | PIMIX | |
|---|---|---|
| YTD Return | 8.20% | 4.75% |
| 1Y Return | 15.60% | 10.65% |
| 3Y Return (Ann) | 2.36% | 1.94% |
| 5Y Return (Ann) | 4.22% | 3.15% |
| 10Y Return (Ann) | 5.11% | 4.20% |
| Sharpe Ratio | 3.90 | 2.39 |
| Sortino Ratio | 7.22 | 3.69 |
| Omega Ratio | 2.09 | 1.48 |
| Calmar Ratio | 2.01 | 2.31 |
| Martin Ratio | 25.28 | 12.61 |
| Ulcer Index | 0.62% | 0.84% |
| Daily Std Dev | 4.00% | 4.46% |
| Max Drawdown | -21.12% | -13.39% |
| Current Drawdown | -0.43% | -1.80% |
Correlation
The correlation between PHYQX and PIMIX is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PHYQX vs. PIMIX - Performance Comparison
In the year-to-date period, PHYQX achieves a 8.20% return, which is significantly higher than PIMIX's 4.75% return. Over the past 10 years, PHYQX has outperformed PIMIX with an annualized return of 5.11%, while PIMIX has yielded a comparatively lower 4.20% 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. PIMIX - Expense Ratio Comparison
PHYQX has a 0.38% expense ratio, which is lower than PIMIX's 0.62% expense ratio.
Risk-Adjusted Performance
PHYQX vs. PIMIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM High Yield Fund Class R6 (PHYQX) and PIMCO Income Fund Institutional Class (PIMIX). 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. PIMIX - Dividend Comparison
PHYQX's dividend yield for the trailing twelve months is around 7.47%, more than PIMIX's 6.25% 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% |
PIMIX PIMCO Income Fund Institutional Class | 6.25% | 6.21% | 6.40% | 4.02% | 4.89% | 5.86% | 5.68% | 5.41% | 5.57% | 7.84% | 6.30% | 5.46% |
Drawdowns
PHYQX vs. PIMIX - Drawdown Comparison
The maximum PHYQX drawdown since its inception was -21.12%, which is greater than PIMIX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for PHYQX and PIMIX. For additional features, visit the drawdowns tool.
Volatility
PHYQX vs. PIMIX - Volatility Comparison
The current volatility for PGIM High Yield Fund Class R6 (PHYQX) is 0.77%, while PIMCO Income Fund Institutional Class (PIMIX) has a volatility of 1.11%. This indicates that PHYQX experiences smaller price fluctuations and is considered to be less risky than PIMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.