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

Correlation

The correlation between PRHYX and BLV is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.0
Correlation: 0.4

Performance

PRHYX vs. BLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price High Yield Fund (PRHYX) and Vanguard Long-Term Bond ETF (BLV). The values are adjusted to include any dividend payments, if applicable.

100.00%110.00%120.00%130.00%140.00%150.00%160.00%170.00%NovemberDecember2025FebruaryMarchApril
162.64%
107.85%
PRHYX
BLV

Key characteristics

Sharpe Ratio

PRHYX:

1.92

BLV:

0.40

Sortino Ratio

PRHYX:

2.88

BLV:

0.63

Omega Ratio

PRHYX:

1.45

BLV:

1.07

Calmar Ratio

PRHYX:

2.03

BLV:

0.15

Martin Ratio

PRHYX:

8.85

BLV:

0.86

Ulcer Index

PRHYX:

0.88%

BLV:

5.53%

Daily Std Dev

PRHYX:

4.06%

BLV:

11.77%

Max Drawdown

PRHYX:

-30.81%

BLV:

-38.29%

Current Drawdown

PRHYX:

-1.83%

BLV:

-28.14%

Returns By Period

In the year-to-date period, PRHYX achieves a 0.11% return, which is significantly lower than BLV's 1.50% return. Over the past 10 years, PRHYX has outperformed BLV with an annualized return of 4.23%, while BLV has yielded a comparatively lower 0.81% annualized return.


PRHYX

YTD

0.11%

1M

-1.16%

6M

1.29%

1Y

7.44%

5Y*

5.84%

10Y*

4.23%

BLV

YTD

1.50%

1M

-1.37%

6M

-1.89%

1Y

5.35%

5Y*

-5.21%

10Y*

0.81%

*Annualized

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PRHYX vs. BLV - Expense Ratio Comparison

PRHYX has a 0.70% expense ratio, which is higher than BLV's 0.04% 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 BLV: current value is 0.04%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
BLV: 0.04%

Risk-Adjusted Performance

PRHYX vs. BLV — Risk-Adjusted Performance Rank

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

PRHYX
The Risk-Adjusted Performance Rank of PRHYX is 9292
Overall Rank
The Sharpe Ratio Rank of PRHYX is 9292
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

BLV
The Risk-Adjusted Performance Rank of BLV is 4545
Overall Rank
The Sharpe Ratio Rank of BLV is 5353
Sharpe Ratio Rank
The Sortino Ratio Rank of BLV is 4949
Sortino Ratio Rank
The Omega Ratio Rank of BLV is 4646
Omega Ratio Rank
The Calmar Ratio Rank of BLV is 3737
Calmar Ratio Rank
The Martin Ratio Rank of BLV is 4242
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.

PRHYX vs. BLV - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price High Yield Fund (PRHYX) and Vanguard Long-Term Bond ETF (BLV). 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 PRHYX, currently valued at 1.92, compared to the broader market-1.000.001.002.003.00
PRHYX: 1.92
BLV: 0.40
The chart of Sortino ratio for PRHYX, currently valued at 2.88, compared to the broader market-2.000.002.004.006.008.00
PRHYX: 2.88
BLV: 0.63
The chart of Omega ratio for PRHYX, currently valued at 1.45, compared to the broader market0.501.001.502.002.503.00
PRHYX: 1.45
BLV: 1.07
The chart of Calmar ratio for PRHYX, currently valued at 2.03, compared to the broader market0.002.004.006.008.0010.00
PRHYX: 2.03
BLV: 0.15
The chart of Martin ratio for PRHYX, currently valued at 8.85, compared to the broader market0.0010.0020.0030.0040.0050.00
PRHYX: 8.85
BLV: 0.86

The current PRHYX Sharpe Ratio is 1.92, which is higher than the BLV Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of PRHYX and BLV, 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 Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
1.92
0.40
PRHYX
BLV

Dividends

PRHYX vs. BLV - Dividend Comparison

PRHYX's dividend yield for the trailing twelve months is around 6.74%, more than BLV's 4.65% yield.


TTM20242023202220212020201920182017201620152014
PRHYX
T. Rowe Price High Yield Fund
6.74%6.56%6.29%6.13%5.08%5.19%5.49%6.26%5.49%5.73%6.46%6.39%
BLV
Vanguard Long-Term Bond ETF
4.65%4.68%4.06%4.17%3.37%5.84%3.57%4.07%3.63%4.16%4.37%3.90%

Drawdowns

PRHYX vs. BLV - Drawdown Comparison

The maximum PRHYX drawdown since its inception was -30.81%, smaller than the maximum BLV drawdown of -38.29%. Use the drawdown chart below to compare losses from any high point for PRHYX and BLV. For additional features, visit the drawdowns tool.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-1.83%
-28.14%
PRHYX
BLV

Volatility

PRHYX vs. BLV - Volatility Comparison

The current volatility for T. Rowe Price High Yield Fund (PRHYX) is 2.30%, while Vanguard Long-Term Bond ETF (BLV) has a volatility of 5.49%. This indicates that PRHYX experiences smaller price fluctuations and is considered to be less risky than BLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%NovemberDecember2025FebruaryMarchApril
2.30%
5.49%
PRHYX
BLV