PRHYX vs. SPHIX
Compare and contrast key facts about T. Rowe Price High Yield Fund (PRHYX) and Fidelity High Income Fund (SPHIX).
PRHYX is managed by T. Rowe Price. It was launched on Dec 31, 1984. SPHIX is managed by Fidelity. It was launched on Aug 29, 1990.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRHYX or SPHIX.
Correlation
The correlation between PRHYX and SPHIX is 0.75, 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. SPHIX - Performance Comparison
Key characteristics
PRHYX:
3.60
SPHIX:
3.53
PRHYX:
6.30
SPHIX:
5.74
PRHYX:
1.94
SPHIX:
1.86
PRHYX:
6.63
SPHIX:
6.39
PRHYX:
24.21
SPHIX:
23.46
PRHYX:
0.56%
SPHIX:
0.50%
PRHYX:
3.75%
SPHIX:
3.30%
PRHYX:
-30.81%
SPHIX:
-31.35%
PRHYX:
0.00%
SPHIX:
0.00%
Returns By Period
The year-to-date returns for both investments are quite close, with PRHYX having a 0.85% return and SPHIX slightly higher at 0.89%. Over the past 10 years, PRHYX has outperformed SPHIX with an annualized return of 8.95%, while SPHIX has yielded a comparatively lower 4.82% annualized return.
PRHYX
0.85%
0.85%
5.75%
12.77%
9.29%
8.95%
SPHIX
0.89%
0.89%
5.46%
11.34%
3.82%
4.82%
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PRHYX vs. SPHIX - Expense Ratio Comparison
Both PRHYX and SPHIX have an expense ratio of 0.70%.
Risk-Adjusted Performance
PRHYX vs. SPHIX — Risk-Adjusted Performance Rank
PRHYX
SPHIX
PRHYX vs. SPHIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price High Yield Fund (PRHYX) and Fidelity High Income Fund (SPHIX). 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. SPHIX - Dividend Comparison
PRHYX's dividend yield for the trailing twelve months is around 10.85%, more than SPHIX's 7.00% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRHYX T. Rowe Price High Yield Fund | 10.85% | 11.98% | 12.55% | 12.27% | 8.31% | 10.38% | 10.56% | 11.00% | 9.60% | 5.73% | 6.46% | 6.39% |
SPHIX Fidelity High Income Fund | 7.00% | 7.52% | 6.80% | 6.45% | 4.74% | 4.71% | 5.11% | 6.96% | 5.40% | 5.45% | 6.26% | 6.97% |
Drawdowns
PRHYX vs. SPHIX - Drawdown Comparison
The maximum PRHYX drawdown since its inception was -30.81%, roughly equal to the maximum SPHIX drawdown of -31.35%. Use the drawdown chart below to compare losses from any high point for PRHYX and SPHIX. For additional features, visit the drawdowns tool.
Volatility
PRHYX vs. SPHIX - Volatility Comparison
T. Rowe Price High Yield Fund (PRHYX) and Fidelity High Income Fund (SPHIX) have volatilities of 0.96% and 1.01%, 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.