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 Funds (Prudential). It was launched on Oct 31, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRHYX or PHYQX.
Key characteristics
| PRHYX | PHYQX | |
|---|---|---|
| YTD Return | 5.75% | 7.14% |
| 1Y Return | 12.13% | 13.40% |
| 3Y Return (Ann) | 2.48% | 2.32% |
| 5Y Return (Ann) | 3.91% | 4.35% |
| 10Y Return (Ann) | 4.31% | 5.12% |
| Sharpe Ratio | 2.65 | 2.92 |
| Daily Std Dev | 4.59% | 4.60% |
| Max Drawdown | -30.81% | -21.12% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between PRHYX and PHYQX is 0.76, 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.
Performance
PRHYX vs. PHYQX - Performance Comparison
In the year-to-date period, PRHYX achieves a 5.75% return, which is significantly lower than PHYQX's 7.14% return. Over the past 10 years, PRHYX has underperformed PHYQX with an annualized return of 4.31%, while PHYQX has yielded a comparatively higher 5.12% annualized 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. PHYQX - Expense Ratio Comparison
PRHYX has a 0.70% expense ratio, which is higher than PHYQX's 0.38% expense ratio.
Risk-Adjusted Performance
PRHYX vs. PHYQX - Risk-Adjusted Performance 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.
Dividends
PRHYX vs. PHYQX - Dividend Comparison
PRHYX's dividend yield for the trailing twelve months is around 6.44%, less than PHYQX's 7.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRHYX T. Rowe Price High Yield Fund | 6.44% | 6.29% | 6.23% | 5.08% | 5.19% | 5.49% | 6.26% | 5.49% | 6.03% | 6.46% | 7.71% | 6.25% |
PHYQX PGIM High Yield Fund Class R6 | 7.22% | 7.12% | 7.12% | 6.72% | 6.53% | 6.33% | 6.48% | 6.39% | 6.50% | 7.03% | 6.73% | 6.72% |
Drawdowns
PRHYX vs. PHYQX - Drawdown Comparison
The maximum PRHYX drawdown since its inception was -30.81%, 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. For additional features, visit the drawdowns tool.
Volatility
PRHYX vs. PHYQX - Volatility Comparison
T. Rowe Price High Yield Fund (PRHYX) and PGIM High Yield Fund Class R6 (PHYQX) have volatilities of 0.73% and 0.74%, 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.