PHYZX vs. FQTIX

Last updated Apr 1, 2026

Compare and contrast key facts about PGIM High Yield Fund Class Z (PHYZX) and Franklin Templeton SMACS: Series I (FQTIX).

PHYZX is an actively managed fund by PGIM. It was launched on Jan 22, 1990. FQTIX is managed by Franklin Templeton. It was launched on Jun 3, 2019.

Performance

PHYZX vs. FQTIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM High Yield Fund Class Z (PHYZX) and Franklin Templeton SMACS: Series I (FQTIX). The values are adjusted to include any dividend payments, if applicable.

PHYZX vs. FQTIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PHYZX PGIM High Yield Fund Class Z	-1.41%	9.04%	8.37%	12.23%	-12.31%	5.83%	7.73%	7.36%
FQTIX Franklin Templeton SMACS: Series I	0.52%	7.51%	8.03%	13.44%	-14.39%	8.51%	3.68%	4.11%

Returns By Period

In the year-to-date period, PHYZX achieves a -1.41% return, which is significantly lower than FQTIX's 0.52% return.

PHYZX

• 1D: 0.00%
• 1M: -2.47%
• YTD: -1.41%
• 6M: -0.20%
• 1Y: 5.91%
• 3Y*: 8.28%
• 5Y*: 3.71%
• 10Y*: 6.07%

FQTIX

• 1D: 0.25%
• 1M: -1.83%
• YTD: 0.52%
• 6M: 2.66%
• 1Y: 9.72%
• 3Y*: 7.86%
• 5Y*: 3.61%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PHYZX vs. FQTIX - Expense Ratio Comparison

PHYZX has a 0.51% expense ratio, which is higher than FQTIX's 0.00% expense ratio.

PHYZX

PGIM High Yield Fund Class Z

FQTIX

Franklin Templeton SMACS: Series I

Return for Risk

PHYZX vs. FQTIX — Risk / Return Rank

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

PHYZX

PHYZX Risk / Return Rank: 87
PHYZX Sharpe Ratio Rank: 87
PHYZX Sortino Ratio Rank: 90
PHYZX Omega Ratio Rank: 90
PHYZX Calmar Ratio Rank: 84
PHYZX Martin Ratio Rank: 84

FQTIX

FQTIX Risk / Return Rank: 97
FQTIX Sharpe Ratio Rank: 97
FQTIX Sortino Ratio Rank: 96
FQTIX Omega Ratio Rank: 97
FQTIX Calmar Ratio Rank: 97
FQTIX Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PHYZX vs. FQTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM High Yield Fund Class Z (PHYZX) and Franklin Templeton SMACS: Series I (FQTIX). 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.

	PHYZX	FQTIX	Difference
Sharpe ratio Return per unit of total volatility	1.71	2.55	-0.84
Sortino ratio Return per unit of downside risk	2.54	3.46	-0.92
Omega ratio Gain probability vs. loss probability	1.41	1.61	-0.20
Calmar ratio Return relative to maximum drawdown	2.08	3.85	-1.77
Martin ratio Return relative to average drawdown	8.46	17.15	-8.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PHYZX vs. FQTIX - Sharpe Ratio Comparison

The current PHYZX Sharpe Ratio is 1.71, which is lower than the FQTIX Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of PHYZX and FQTIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PHYZX	FQTIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.71	2.55	-0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.61	+0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.10	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.19	0.55	+0.64

Correlation

The correlation between PHYZX and FQTIX is 0.72, 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.

Dividends

PHYZX vs. FQTIX - Dividend Comparison

PHYZX's dividend yield for the trailing twelve months is around 6.51%, less than FQTIX's 7.03% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PHYZX PGIM High Yield Fund Class Z	6.51%	6.95%	7.37%	7.00%	6.15%	6.08%	8.35%	6.21%	6.55%	6.25%	6.36%	6.93%
FQTIX Franklin Templeton SMACS: Series I	7.03%	5.70%	7.86%	7.64%	8.10%	7.15%	6.89%	5.63%	0.00%	0.00%	0.00%	0.00%

Drawdowns

PHYZX vs. FQTIX - Drawdown Comparison

The maximum PHYZX drawdown since its inception was -28.57%, which is greater than FQTIX's maximum drawdown of -24.62%. Use the drawdown chart below to compare losses from any high point for PHYZX and FQTIX.

Drawdown Indicators

	PHYZX	FQTIX	Difference
Max Drawdown Largest peak-to-trough decline	-28.57%	-24.62%	-3.95%
Max Drawdown (1Y) Largest decline over 1 year	-2.93%	-2.41%	-0.52%
Max Drawdown (5Y) Largest decline over 5 years	-16.09%	-18.81%	+2.72%
Max Drawdown (10Y) Largest decline over 10 years	-21.09%	—	—
Current Drawdown Current decline from peak	-2.47%	-1.95%	-0.52%
Average Drawdown Average peak-to-trough decline	-2.78%	-4.42%	+1.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.72%	0.54%	+0.18%

Volatility

PHYZX vs. FQTIX - Volatility Comparison

The current volatility for PGIM High Yield Fund Class Z (PHYZX) is 1.19%, while Franklin Templeton SMACS: Series I (FQTIX) has a volatility of 1.57%. This indicates that PHYZX experiences smaller price fluctuations and is considered to be less risky than FQTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PHYZX	FQTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.19%	1.57%	-0.38%
Volatility (6M) Calculated over the trailing 6-month period	2.34%	2.38%	-0.04%
Volatility (1Y) Calculated over the trailing 1-year period	3.71%	3.85%	-0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.04%	5.92%	-0.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.52%	7.80%	-2.28%