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PHYQX vs. PRHYX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PHYQX and PRHYX is 0.42, 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.


-0.50.00.51.0
Correlation: 0.4

Performance

PHYQX vs. PRHYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM High Yield Fund Class R6 (PHYQX) and T. Rowe Price High Yield Fund (PRHYX). The values are adjusted to include any dividend payments, if applicable.

95.00%100.00%105.00%110.00%115.00%120.00%NovemberDecember2025FebruaryMarchApril
116.67%
100.12%
PHYQX
PRHYX

Key characteristics

Sharpe Ratio

PHYQX:

2.33

PRHYX:

1.92

Sortino Ratio

PHYQX:

3.56

PRHYX:

2.88

Omega Ratio

PHYQX:

1.56

PRHYX:

1.45

Calmar Ratio

PHYQX:

2.11

PRHYX:

2.03

Martin Ratio

PHYQX:

9.08

PRHYX:

8.80

Ulcer Index

PHYQX:

1.01%

PRHYX:

0.89%

Daily Std Dev

PHYQX:

3.91%

PRHYX:

4.07%

Max Drawdown

PHYQX:

-21.12%

PRHYX:

-30.81%

Current Drawdown

PHYQX:

-2.07%

PRHYX:

-1.49%

Returns By Period

In the year-to-date period, PHYQX achieves a 0.50% return, which is significantly higher than PRHYX's 0.46% return. Over the past 10 years, PHYQX has outperformed PRHYX with an annualized return of 5.14%, while PRHYX has yielded a comparatively lower 4.27% annualized return.


PHYQX

YTD

0.50%

1M

-1.04%

6M

1.41%

1Y

9.61%

5Y*

6.70%

10Y*

5.14%

PRHYX

YTD

0.46%

1M

-0.49%

6M

1.64%

1Y

8.37%

5Y*

5.91%

10Y*

4.27%

*Annualized

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PHYQX vs. PRHYX - Expense Ratio Comparison

PHYQX has a 0.38% expense ratio, which is lower than PRHYX's 0.70% expense ratio.


Expense ratio chart for PRHYX: current value is 0.70%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
PRHYX: 0.70%
Expense ratio chart for PHYQX: current value is 0.38%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
PHYQX: 0.38%

Risk-Adjusted Performance

PHYQX vs. PRHYX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PHYQX
The Risk-Adjusted Performance Rank of PHYQX is 9494
Overall Rank
The Sharpe Ratio Rank of PHYQX is 9494
Sharpe Ratio Rank
The Sortino Ratio Rank of PHYQX is 9494
Sortino Ratio Rank
The Omega Ratio Rank of PHYQX is 9494
Omega Ratio Rank
The Calmar Ratio Rank of PHYQX is 9393
Calmar Ratio Rank
The Martin Ratio Rank of PHYQX is 9292
Martin Ratio Rank

PRHYX
The Risk-Adjusted Performance Rank of PRHYX is 9292
Overall Rank
The Sharpe Ratio Rank of PRHYX is 9191
Sharpe Ratio Rank
The Sortino Ratio Rank of PRHYX is 9292
Sortino Ratio Rank
The Omega Ratio Rank of PRHYX is 9292
Omega Ratio Rank
The Calmar Ratio Rank of PRHYX is 9393
Calmar Ratio Rank
The Martin Ratio Rank of PRHYX is 9292
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

PHYQX vs. PRHYX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM High Yield Fund Class R6 (PHYQX) and T. Rowe Price High Yield Fund (PRHYX). 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.


The chart of Sharpe ratio for PHYQX, currently valued at 2.33, compared to the broader market-1.000.001.002.003.00
PHYQX: 2.33
PRHYX: 1.92
The chart of Sortino ratio for PHYQX, currently valued at 3.56, compared to the broader market-2.000.002.004.006.008.00
PHYQX: 3.56
PRHYX: 2.88
The chart of Omega ratio for PHYQX, currently valued at 1.56, compared to the broader market0.501.001.502.002.503.00
PHYQX: 1.56
PRHYX: 1.45
The chart of Calmar ratio for PHYQX, currently valued at 2.11, compared to the broader market0.002.004.006.008.0010.00
PHYQX: 2.11
PRHYX: 2.03
The chart of Martin ratio for PHYQX, currently valued at 9.08, compared to the broader market0.0010.0020.0030.0040.0050.00
PHYQX: 9.08
PRHYX: 8.80

The current PHYQX Sharpe Ratio is 2.33, which is comparable to the PRHYX Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of PHYQX and PRHYX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.504.004.50NovemberDecember2025FebruaryMarchApril
2.33
1.92
PHYQX
PRHYX

Dividends

PHYQX vs. PRHYX - Dividend Comparison

PHYQX's dividend yield for the trailing twelve months is around 6.86%, more than PRHYX's 6.71% yield.


TTM20242023202220212020201920182017201620152014
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%
PRHYX
T. Rowe Price High Yield Fund
6.71%6.56%6.29%6.13%5.08%5.19%5.49%6.26%5.49%5.73%6.46%6.39%

Drawdowns

PHYQX vs. PRHYX - Drawdown Comparison

The maximum PHYQX drawdown since its inception was -21.12%, smaller than the maximum PRHYX drawdown of -30.81%. Use the drawdown chart below to compare losses from any high point for PHYQX and PRHYX. For additional features, visit the drawdowns tool.


-4.00%-3.00%-2.00%-1.00%0.00%NovemberDecember2025FebruaryMarchApril
-2.07%
-1.49%
PHYQX
PRHYX

Volatility

PHYQX vs. PRHYX - Volatility Comparison

The current volatility for PGIM High Yield Fund Class R6 (PHYQX) is 2.16%, while T. Rowe Price High Yield Fund (PRHYX) has a volatility of 2.31%. This indicates that PHYQX experiences smaller price fluctuations and is considered to be less risky than PRHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%1.50%2.00%NovemberDecember2025FebruaryMarchApril
2.16%
2.31%
PHYQX
PRHYX