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

Correlation

The correlation between PRHYX and HYDB is 0.47, 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: 0.5

Performance

PRHYX vs. HYDB - Performance Comparison

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

35.00%40.00%45.00%50.00%NovemberDecember2025FebruaryMarchApril
35.97%
47.38%
PRHYX
HYDB

Key characteristics

Sharpe Ratio

PRHYX:

1.92

HYDB:

1.30

Sortino Ratio

PRHYX:

2.88

HYDB:

1.83

Omega Ratio

PRHYX:

1.45

HYDB:

1.28

Calmar Ratio

PRHYX:

2.03

HYDB:

1.41

Martin Ratio

PRHYX:

8.80

HYDB:

7.27

Ulcer Index

PRHYX:

0.89%

HYDB:

1.08%

Daily Std Dev

PRHYX:

4.07%

HYDB:

6.06%

Max Drawdown

PRHYX:

-30.81%

HYDB:

-21.58%

Current Drawdown

PRHYX:

-1.49%

HYDB:

-1.73%

Returns By Period

In the year-to-date period, PRHYX achieves a 0.46% return, which is significantly lower than HYDB's 0.53% return.


PRHYX

YTD

0.46%

1M

-0.32%

6M

1.64%

1Y

7.99%

5Y*

5.92%

10Y*

4.29%

HYDB

YTD

0.53%

1M

-0.80%

6M

1.33%

1Y

7.95%

5Y*

7.19%

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

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PRHYX vs. HYDB - Expense Ratio Comparison

PRHYX has a 0.70% expense ratio, which is higher than HYDB's 0.35% 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 HYDB: current value is 0.35%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
HYDB: 0.35%

Risk-Adjusted Performance

PRHYX vs. HYDB — 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 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

HYDB
The Risk-Adjusted Performance Rank of HYDB is 8888
Overall Rank
The Sharpe Ratio Rank of HYDB is 8787
Sharpe Ratio Rank
The Sortino Ratio Rank of HYDB is 8686
Sortino Ratio Rank
The Omega Ratio Rank of HYDB is 8989
Omega Ratio Rank
The Calmar Ratio Rank of HYDB is 8888
Calmar Ratio Rank
The Martin Ratio Rank of HYDB is 9090
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. HYDB - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price High Yield Fund (PRHYX) and iShares High Yield Bond Factor ETF (HYDB). 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
HYDB: 1.30
The chart of Sortino ratio for PRHYX, currently valued at 2.88, compared to the broader market-2.000.002.004.006.008.0010.00
PRHYX: 2.88
HYDB: 1.83
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
HYDB: 1.28
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
HYDB: 1.41
The chart of Martin ratio for PRHYX, currently valued at 8.80, compared to the broader market0.0010.0020.0030.0040.0050.00
PRHYX: 8.80
HYDB: 7.27

The current PRHYX Sharpe Ratio is 1.92, which is higher than the HYDB Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of PRHYX and HYDB, 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 Ratio0.501.001.502.002.503.003.504.00NovemberDecember2025FebruaryMarchApril
1.92
1.30
PRHYX
HYDB

Dividends

PRHYX vs. HYDB - Dividend Comparison

PRHYX's dividend yield for the trailing twelve months is around 6.71%, less than HYDB's 7.03% yield.


TTM20242023202220212020201920182017201620152014
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%
HYDB
iShares High Yield Bond Factor ETF
7.03%6.95%7.00%6.30%4.70%5.81%5.68%6.16%2.70%0.00%0.00%0.00%

Drawdowns

PRHYX vs. HYDB - Drawdown Comparison

The maximum PRHYX drawdown since its inception was -30.81%, which is greater than HYDB's maximum drawdown of -21.58%. Use the drawdown chart below to compare losses from any high point for PRHYX and HYDB. For additional features, visit the drawdowns tool.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%NovemberDecember2025FebruaryMarchApril
-1.49%
-1.73%
PRHYX
HYDB

Volatility

PRHYX vs. HYDB - Volatility Comparison

The current volatility for T. Rowe Price High Yield Fund (PRHYX) is 2.31%, while iShares High Yield Bond Factor ETF (HYDB) has a volatility of 4.59%. This indicates that PRHYX experiences smaller price fluctuations and is considered to be less risky than HYDB 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
2.31%
4.59%
PRHYX
HYDB