PRHYX vs. HYDB
Compare and contrast key facts about T. Rowe Price High Yield Fund (PRHYX) and iShares High Yield Bond Factor ETF (HYDB).
PRHYX is managed by T. Rowe Price. It was launched on Dec 31, 1984. HYDB is a passively managed fund by iShares that tracks the performance of the BlackRock High Yield Defensive Bond Index. It was launched on Jul 11, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRHYX or HYDB.
Key characteristics
| PRHYX | HYDB | |
|---|---|---|
| YTD Return | 6.52% | 9.70% |
| 1Y Return | 13.45% | 16.14% |
| 3Y Return (Ann) | 2.66% | 4.05% |
| 5Y Return (Ann) | 3.92% | 5.24% |
| Sharpe Ratio | 3.26 | 3.20 |
| Sortino Ratio | 5.90 | 5.08 |
| Omega Ratio | 1.89 | 1.64 |
| Calmar Ratio | 2.55 | 4.74 |
| Martin Ratio | 23.09 | 28.69 |
| Ulcer Index | 0.57% | 0.54% |
| Daily Std Dev | 4.07% | 4.84% |
| Max Drawdown | -30.82% | -21.58% |
| Current Drawdown | -0.11% | 0.00% |
Correlation
The correlation between PRHYX and HYDB is 0.57, 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.
Performance
PRHYX vs. HYDB - Performance Comparison
In the year-to-date period, PRHYX achieves a 6.52% return, which is significantly lower than HYDB's 9.70% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
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.
Dividends
PRHYX vs. HYDB - Dividend Comparison
PRHYX's dividend yield for the trailing twelve months is around 6.45%, less than HYDB's 6.95% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRHYX T. Rowe Price High Yield Fund | 6.45% | 6.29% | 6.13% | 5.08% | 5.19% | 5.49% | 6.26% | 5.49% | 5.73% | 6.46% | 6.39% | 6.11% |
HYDB iShares High Yield Bond Factor ETF | 6.95% | 7.00% | 6.30% | 4.70% | 5.81% | 5.68% | 6.17% | 2.70% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PRHYX vs. HYDB - Drawdown Comparison
The maximum PRHYX drawdown since its inception was -30.82%, 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.
Volatility
PRHYX vs. HYDB - Volatility Comparison
The current volatility for T. Rowe Price High Yield Fund (PRHYX) is 0.91%, while iShares High Yield Bond Factor ETF (HYDB) has a volatility of 1.13%. 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.