PHYZX vs. VWEAX
Compare and contrast key facts about PGIM High Yield Fund Class Z (PHYZX) and Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX).
PHYZX is an actively managed fund by PGIM. It was launched on Jan 22, 1990. VWEAX is managed by Vanguard. It was launched on Nov 12, 2001.
Performance
PHYZX vs. VWEAX - Performance Comparison
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PHYZX vs. VWEAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHYZX PGIM High Yield Fund Class Z | -1.41% | 9.04% | 8.37% | 12.23% | -12.31% | 5.83% | 7.73% | 16.14% | -1.25% | 7.79% |
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | -1.68% | 9.49% | 6.42% | 11.79% | -8.95% | 3.04% | 5.41% | 15.92% | -2.80% | 7.17% |
Returns By Period
In the year-to-date period, PHYZX achieves a -1.41% return, which is significantly higher than VWEAX's -1.68% return. Over the past 10 years, PHYZX has outperformed VWEAX with an annualized return of 6.07%, while VWEAX has yielded a comparatively lower 5.22% annualized 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%
VWEAX
- 1D
- 0.18%
- 1M
- -2.34%
- YTD
- -1.68%
- 6M
- 0.04%
- 1Y
- 5.98%
- 3Y*
- 7.45%
- 5Y*
- 3.91%
- 10Y*
- 5.22%
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PHYZX vs. VWEAX - Expense Ratio Comparison
PHYZX has a 0.51% expense ratio, which is higher than VWEAX's 0.13% expense ratio.
Return for Risk
PHYZX vs. VWEAX — Risk / Return Rank
PHYZX
VWEAX
PHYZX vs. VWEAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM High Yield Fund Class Z (PHYZX) and Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX). 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 | VWEAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.71 | 1.92 | -0.21 |
Sortino ratioReturn per unit of downside risk | 2.54 | 2.89 | -0.35 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.47 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.08 | 2.52 | -0.44 |
Martin ratioReturn relative to average drawdown | 8.46 | 10.45 | -1.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PHYZX | VWEAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 1.92 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.81 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.10 | 1.00 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.19 | 1.22 | -0.03 |
Correlation
The correlation between PHYZX and VWEAX is 0.74, 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. VWEAX - Dividend Comparison
PHYZX's dividend yield for the trailing twelve months is around 6.51%, more than VWEAX's 5.91% 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% |
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | 5.91% | 6.25% | 6.20% | 5.79% | 5.21% | 3.49% | 4.71% | 5.33% | 6.07% | 5.39% | 5.51% | 6.53% |
Drawdowns
PHYZX vs. VWEAX - Drawdown Comparison
The maximum PHYZX drawdown since its inception was -28.57%, roughly equal to the maximum VWEAX drawdown of -30.05%. Use the drawdown chart below to compare losses from any high point for PHYZX and VWEAX.
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Drawdown Indicators
| PHYZX | VWEAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.57% | -30.05% | +1.48% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -2.52% | -0.41% |
Max Drawdown (5Y)Largest decline over 5 years | -16.09% | -13.77% | -2.32% |
Max Drawdown (10Y)Largest decline over 10 years | -21.09% | -19.68% | -1.41% |
Current DrawdownCurrent decline from peak | -2.47% | -2.34% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -2.78% | -2.13% | -0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 0.61% | +0.11% |
Volatility
PHYZX vs. VWEAX - Volatility Comparison
PGIM High Yield Fund Class Z (PHYZX) and Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) have volatilities of 1.19% and 1.23%, 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.
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Volatility by Period
| PHYZX | VWEAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 1.23% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.34% | 2.25% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 3.43% | +0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.04% | 4.86% | +0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.52% | 5.27% | +0.25% |