PRHYX vs. PHYQX
Compare and contrast key facts about T. Rowe Price High Yield Fund (PRHYX) and PGIM High Yield Fund Class R6 (PHYQX).
PRHYX is managed by T. Rowe Price. It was launched on Dec 31, 1984. PHYQX is managed by PGIM. It was launched on Oct 31, 2011.
Performance
PRHYX vs. PHYQX - Performance Comparison
Loading graphics...
PRHYX vs. PHYQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRHYX T. Rowe Price High Yield Fund | 0.26% | 14.35% | 7.24% | 13.68% | -12.48% | 5.22% | 4.99% | 14.69% | -3.30% | 7.40% |
PHYQX PGIM High Yield Fund Class R6 | -0.77% | 9.18% | 8.55% | 12.34% | -12.22% | 5.99% | 5.79% | 16.29% | -1.18% | 7.74% |
Returns By Period
In the year-to-date period, PRHYX achieves a 0.26% return, which is significantly higher than PHYQX's -0.77% return. Both investments have delivered pretty close results over the past 10 years, with PRHYX having a 6.01% annualized return and PHYQX not far behind at 5.88%.
PRHYX
- 1D
- 0.51%
- 1M
- -1.17%
- YTD
- 0.26%
- 6M
- 3.55%
- 1Y
- 13.54%
- 3Y*
- 10.49%
- 5Y*
- 4.97%
- 10Y*
- 6.01%
PHYQX
- 1D
- 0.63%
- 1M
- -1.65%
- YTD
- -0.77%
- 6M
- 0.27%
- 1Y
- 6.48%
- 3Y*
- 8.63%
- 5Y*
- 3.93%
- 10Y*
- 5.88%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PRHYX vs. PHYQX - Expense Ratio Comparison
PRHYX has a 0.70% expense ratio, which is higher than PHYQX's 0.38% expense ratio.
Return for Risk
PRHYX vs. PHYQX — Risk / Return Rank
PRHYX
PHYQX
PRHYX vs. PHYQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price High Yield Fund (PRHYX) and PGIM High Yield Fund Class R6 (PHYQX). 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.
| PRHYX | PHYQX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.34 | 1.79 | +1.55 |
Sortino ratioReturn per unit of downside risk | 5.25 | 2.67 | +2.58 |
Omega ratioGain probability vs. loss probability | 1.87 | 1.42 | +0.45 |
Calmar ratioReturn relative to maximum drawdown | 4.62 | 2.43 | +2.19 |
Martin ratioReturn relative to average drawdown | 21.42 | 9.84 | +11.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PRHYX | PHYQX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.34 | 1.79 | +1.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | 0.78 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.09 | 1.08 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.31 | 1.12 | +0.20 |
Correlation
The correlation between PRHYX and PHYQX is 0.80, 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
PRHYX vs. PHYQX - Dividend Comparison
PRHYX's dividend yield for the trailing twelve months is around 12.50%, more than PHYQX's 6.58% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRHYX T. Rowe Price High Yield Fund | 12.50% | 11.80% | 7.12% | 6.27% | 4.68% | 5.09% | 5.19% | 5.48% | 6.25% | 5.49% | 6.02% | 6.45% |
PHYQX PGIM High Yield Fund Class R6 | 6.58% | 7.07% | 7.53% | 7.09% | 6.29% | 6.23% | 6.56% | 6.32% | 6.64% | 6.38% | 4.88% | 7.05% |
Drawdowns
PRHYX vs. PHYQX - Drawdown Comparison
The maximum PRHYX drawdown since its inception was -30.79%, which is greater than PHYQX's maximum drawdown of -21.12%. Use the drawdown chart below to compare losses from any high point for PRHYX and PHYQX.
Loading graphics...
Drawdown Indicators
| PRHYX | PHYQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.79% | -21.12% | -9.67% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -2.94% | -0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -16.43% | -16.05% | -0.38% |
Max Drawdown (10Y)Largest decline over 10 years | -22.10% | -21.12% | -0.98% |
Current DrawdownCurrent decline from peak | -1.34% | -1.86% | +0.52% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -2.25% | -1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 0.72% | -0.06% |
Volatility
PRHYX vs. PHYQX - Volatility Comparison
The current volatility for T. Rowe Price High Yield Fund (PRHYX) is 1.31%, while PGIM High Yield Fund Class R6 (PHYQX) has a volatility of 1.41%. This indicates that PRHYX experiences smaller price fluctuations and is considered to be less risky than PHYQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PRHYX | PHYQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 1.41% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 2.62% | 2.46% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.14% | 3.78% | +0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.20% | 5.05% | +0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.54% | 5.47% | +0.07% |