PSIFX vs. HYSZX

Last updated Jun 4, 2026

PSIFX (PGIM Quant Solutions Stock Index Fund) and HYSZX (PGIM Short Duration High Yield Income Fund) are both mutual funds - PSIFX is a Large Cap Blend Equities fund managed by PGIM, while HYSZX is a High Yield Bonds fund managed by PGIM. Over the past 10 years, PSIFX returned 16.73%/yr vs 4.90%/yr for HYSZX. At a 0.39 correlation, their price movements are largely independent. PSIFX charges 0.24%/yr vs 0.75%/yr for HYSZX.

Performance

PSIFX vs. HYSZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Quant Solutions Stock Index Fund (PSIFX) and PGIM Short Duration High Yield Income Fund (HYSZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSIFX achieves a 11.59% return, which is significantly higher than HYSZX's 1.50% return. Over the past 10 years, PSIFX has outperformed HYSZX with an annualized return of 16.73%, while HYSZX has yielded a comparatively lower 4.90% annualized return.

PSIFX

• 1D: 0.13%
• 1M: 5.77%
• YTD: 11.59%
• 6M: 11.59%
• 1Y: 28.70%
• 3Y*: 23.83%
• 5Y*: 12.47%
• 10Y*: 16.73%

HYSZX

• 1D: 0.00%
• 1M: 0.42%
• YTD: 1.50%
• 6M: 2.02%
• 1Y: 6.04%
• 3Y*: 7.38%
• 5Y*: 4.07%
• 10Y*: 4.90%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PSIFX vs. HYSZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSIFX PGIM Quant Solutions Stock Index Fund	11.59%	17.59%	28.87%	26.03%	-18.45%	16.13%	18.30%	58.00%	-5.01%	21.61%
HYSZX PGIM Short Duration High Yield Income Fund	1.50%	7.84%	6.49%	9.57%	-6.46%	5.48%	4.19%	11.78%	1.20%	4.80%

Correlation

The correlation between PSIFX and HYSZX is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (10Y) Calculated over the trailing 10-year period	0.43
Correlation (All Time) Calculated using the full available price history since Jan 3, 2013	0.39

The correlation between PSIFX and HYSZX shifts across timeframes, from 0.39 (all time) to 0.55 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

PSIFX vs. HYSZX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PSIFX

PSIFX Risk / Return Rank: 72
PSIFX Sharpe Ratio Rank: 73
PSIFX Sortino Ratio Rank: 66
PSIFX Omega Ratio Rank: 66
PSIFX Calmar Ratio Rank: 72
PSIFX Martin Ratio Rank: 82

HYSZX

HYSZX Risk / Return Rank: 70
HYSZX Sharpe Ratio Rank: 52
HYSZX Sortino Ratio Rank: 83
HYSZX Omega Ratio Rank: 78
HYSZX Calmar Ratio Rank: 61
HYSZX Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PSIFX vs. HYSZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Quant Solutions Stock Index Fund (PSIFX) and PGIM Short Duration High Yield Income Fund (HYSZX). 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.

	PSIFX	HYSZX	Difference
Sharpe ratio: Return per unit of total volatility	2.49	2.13	+0.37
Sortino ratio: Return per unit of downside risk	3.39	3.92	-0.53
Omega ratio: Gain probability vs. loss probability	1.45	1.51	-0.06
Calmar ratio: Return relative to maximum drawdown	3.31	3.01	+0.30
Martin ratio: Return relative to average drawdown	15.49	14.59	+0.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSIFX vs. HYSZX - Sharpe Ratio Comparison

The current PSIFX Sharpe Ratio is 2.49, which is comparable to the HYSZX Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of PSIFX and HYSZX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PSIFX	HYSZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.49	2.13	+0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	1.06	-0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.86	1.16	-0.30
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	1.16	-0.57

Drawdowns

PSIFX vs. HYSZX - Drawdown Comparison

The maximum PSIFX drawdown since its inception was -55.36%, which is greater than HYSZX's maximum drawdown of -18.31%. Use the drawdown chart below to compare losses from any high point for PSIFX and HYSZX.

Drawdown Indicators

	PSIFX	HYSZX	Difference
Max Drawdown Largest peak-to-trough decline	-55.36%	-18.31%	-37.05%
Max Drawdown (1Y) Largest decline over 1 year	-8.93%	-2.01%	-6.92%
Max Drawdown (3Y) Largest decline over 3 years	-18.77%	-2.82%	-15.95%
Max Drawdown (5Y) Largest decline over 5 years	-30.56%	-9.77%	-20.79%
Max Drawdown (10Y) Largest decline over 10 years	-33.76%	-18.31%	-15.45%
Current Drawdown Current decline from peak	0.00%	-0.12%	+0.12%
Average Drawdown Average peak-to-trough decline	-9.53%	-1.19%	-8.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	0.41%	+1.50%

Volatility

PSIFX vs. HYSZX - Volatility Comparison

PGIM Quant Solutions Stock Index Fund (PSIFX) has a higher volatility of 2.82% compared to PGIM Short Duration High Yield Income Fund (HYSZX) at 0.98%. This indicates that PSIFX's price experiences larger fluctuations and is considered to be riskier than HYSZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSIFX	HYSZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.82%	0.98%	+1.84%
Volatility (6M) Calculated over the trailing 6-month period	8.98%	2.21%	+6.77%
Volatility (1Y) Calculated over the trailing 1-year period	11.87%	2.85%	+9.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.62%	3.88%	+13.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.59%	4.23%	+15.36%

PSIFX vs. HYSZX - Expense Ratio Comparison

PSIFX has a 0.24% expense ratio, which is lower than HYSZX's 0.75% expense ratio.

Dividends

PSIFX vs. HYSZX - Dividend Comparison

PSIFX's dividend yield for the trailing twelve months is around 7.69%, more than HYSZX's 6.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYSZX PGIM Short Duration High Yield Income Fund	6.38%	6.45%	6.27%	4.84%	5.01%	4.56%	5.00%	5.60%	5.94%	5.73%	6.33%	6.76%
PSIFX PGIM Quant Solutions Stock Index Fund	7.69%	8.58%	7.80%	13.52%	16.37%	1.12%	28.17%	34.50%	23.67%	6.19%	3.87%	3.85%

Frequently Asked Questions

Can I hold both PSIFX and HYSZX in my portfolio?

PSIFX and HYSZX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSIFX or HYSZX?

PSIFX has higher volatility (2.82%) compared to HYSZX (0.98%). In terms of maximum drawdown, PSIFX dropped -55.36% vs HYSZX's -18.31%.

Which has better risk-adjusted returns?

PSIFX currently has the higher Sharpe Ratio (2.49 vs 2.13), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.