SDHY vs. HYI
Compare and contrast key facts about PGIM Short Duration High Yield Opportunities Fund (SDHY) and Western Asset High Yield Opportunity Fund Inc (HYI).
SDHY is managed by PGIM. HYI is managed by Franklin Templeton. It was launched on Jul 20, 2010.
Performance
SDHY vs. HYI - Performance Comparison
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SDHY vs. HYI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SDHY PGIM Short Duration High Yield Opportunities Fund | -1.39% | 10.37% | 16.68% | 11.40% | -13.33% | -3.05% | 2.35% |
HYI Western Asset High Yield Opportunity Fund Inc | -1.52% | 4.09% | 7.58% | 6.72% | -13.48% | 10.04% | 1.42% |
Returns By Period
In the year-to-date period, SDHY achieves a -1.39% return, which is significantly higher than HYI's -1.52% return.
SDHY
- 1D
- -0.06%
- 1M
- -3.77%
- YTD
- -1.39%
- 6M
- -0.77%
- 1Y
- 4.44%
- 3Y*
- 11.40%
- 5Y*
- 4.35%
- 10Y*
- —
HYI
- 1D
- 0.28%
- 1M
- -2.66%
- YTD
- -1.52%
- 6M
- -3.55%
- 1Y
- 0.11%
- 3Y*
- 6.21%
- 5Y*
- 1.99%
- 10Y*
- 6.01%
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SDHY vs. HYI - Expense Ratio Comparison
SDHY has a 0.70% expense ratio, which is higher than HYI's 0.02% expense ratio.
Return for Risk
SDHY vs. HYI — Risk / Return Rank
SDHY
HYI
SDHY vs. HYI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Short Duration High Yield Opportunities Fund (SDHY) and Western Asset High Yield Opportunity Fund Inc (HYI). 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.
| SDHY | HYI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.42 | 0.01 | +0.41 |
Sortino ratioReturn per unit of downside risk | 0.65 | 0.07 | +0.57 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.01 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.58 | -0.01 | +0.59 |
Martin ratioReturn relative to average drawdown | 2.20 | -0.02 | +2.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SDHY | HYI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.42 | 0.01 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.18 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.36 | -0.02 |
Correlation
The correlation between SDHY and HYI is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SDHY vs. HYI - Dividend Comparison
SDHY's dividend yield for the trailing twelve months is around 8.09%, less than HYI's 10.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SDHY PGIM Short Duration High Yield Opportunities Fund | 8.09% | 7.88% | 8.04% | 8.64% | 8.82% | 7.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYI Western Asset High Yield Opportunity Fund Inc | 10.64% | 10.22% | 9.64% | 9.40% | 9.09% | 7.19% | 7.35% | 6.87% | 8.10% | 7.81% | 8.73% | 9.36% |
Drawdowns
SDHY vs. HYI - Drawdown Comparison
The maximum SDHY drawdown since its inception was -22.65%, smaller than the maximum HYI drawdown of -36.06%. Use the drawdown chart below to compare losses from any high point for SDHY and HYI.
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Drawdown Indicators
| SDHY | HYI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.65% | -36.06% | +13.41% |
Max Drawdown (1Y)Largest decline over 1 year | -8.36% | -8.19% | -0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -22.28% | -26.35% | +4.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.06% | — |
Current DrawdownCurrent decline from peak | -3.89% | -6.00% | +2.11% |
Average DrawdownAverage peak-to-trough decline | -6.83% | -5.81% | -1.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 3.60% | -1.29% |
Volatility
SDHY vs. HYI - Volatility Comparison
PGIM Short Duration High Yield Opportunities Fund (SDHY) has a higher volatility of 4.16% compared to Western Asset High Yield Opportunity Fund Inc (HYI) at 3.77%. This indicates that SDHY's price experiences larger fluctuations and is considered to be riskier than HYI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDHY | HYI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.16% | 3.77% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 5.78% | 5.25% | +0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.55% | 8.37% | +2.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.69% | 11.26% | -0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.12% | 12.96% | -1.84% |