TAIBX vs. HYSZX
Compare and contrast key facts about PGIM Core Bond Fund (TAIBX) and PGIM Short Duration High Yield Income Fund (HYSZX).
TAIBX is managed by PGIM. It was launched on Jan 5, 1993. HYSZX is managed by PGIM. It was launched on Oct 26, 2012.
Performance
TAIBX vs. HYSZX - Performance Comparison
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TAIBX vs. HYSZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TAIBX PGIM Core Bond Fund | -0.56% | 7.36% | 1.44% | 5.89% | -14.59% | -1.73% | 8.40% | 9.13% | -0.44% | 4.03% |
HYSZX PGIM Short Duration High Yield Income Fund | -1.05% | 7.84% | 6.49% | 9.57% | -6.46% | 5.48% | 4.19% | 11.78% | 1.20% | 4.80% |
Returns By Period
In the year-to-date period, TAIBX achieves a -0.56% return, which is significantly higher than HYSZX's -1.05% return. Over the past 10 years, TAIBX has underperformed HYSZX with an annualized return of 1.69%, while HYSZX has yielded a comparatively higher 4.86% annualized return.
TAIBX
- 1D
- 0.58%
- 1M
- -2.46%
- YTD
- -0.56%
- 6M
- 0.56%
- 1Y
- 4.02%
- 3Y*
- 3.62%
- 5Y*
- -0.02%
- 10Y*
- 1.69%
HYSZX
- 1D
- 0.24%
- 1M
- -1.78%
- YTD
- -1.05%
- 6M
- 0.23%
- 1Y
- 5.13%
- 3Y*
- 6.59%
- 5Y*
- 3.81%
- 10Y*
- 4.86%
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TAIBX vs. HYSZX - Expense Ratio Comparison
TAIBX has a 0.33% expense ratio, which is lower than HYSZX's 0.75% expense ratio.
Return for Risk
TAIBX vs. HYSZX — Risk / Return Rank
TAIBX
HYSZX
TAIBX vs. HYSZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Core Bond Fund (TAIBX) 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.
| TAIBX | HYSZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 1.78 | -0.76 |
Sortino ratioReturn per unit of downside risk | 1.47 | 2.66 | -1.19 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.42 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | 1.70 | 2.29 | -0.59 |
Martin ratioReturn relative to average drawdown | 4.95 | 9.59 | -4.63 |
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
| TAIBX | HYSZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 1.78 | -0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 1.00 | -1.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 1.16 | -0.82 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 1.13 | -0.10 |
Correlation
The correlation between TAIBX and HYSZX is 0.31, 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
TAIBX vs. HYSZX - Dividend Comparison
TAIBX's dividend yield for the trailing twelve months is around 4.08%, less than HYSZX's 5.95% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TAIBX PGIM Core Bond Fund | 4.08% | 4.41% | 3.77% | 3.47% | 2.48% | 1.98% | 3.14% | 3.03% | 3.03% | 2.53% | 2.55% | 2.49% |
HYSZX PGIM Short Duration High Yield Income Fund | 5.95% | 6.45% | 6.27% | 4.84% | 5.01% | 4.56% | 5.00% | 5.60% | 5.94% | 5.73% | 6.33% | 6.76% |
Drawdowns
TAIBX vs. HYSZX - Drawdown Comparison
The maximum TAIBX drawdown since its inception was -20.09%, which is greater than HYSZX's maximum drawdown of -18.31%. Use the drawdown chart below to compare losses from any high point for TAIBX and HYSZX.
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Drawdown Indicators
| TAIBX | HYSZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.09% | -18.31% | -1.78% |
Max Drawdown (1Y)Largest decline over 1 year | -3.02% | -2.39% | -0.63% |
Max Drawdown (5Y)Largest decline over 5 years | -19.91% | -9.77% | -10.14% |
Max Drawdown (10Y)Largest decline over 10 years | -20.09% | -18.31% | -1.78% |
Current DrawdownCurrent decline from peak | -3.75% | -1.78% | -1.97% |
Average DrawdownAverage peak-to-trough decline | -2.31% | -1.20% | -1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 0.57% | +0.47% |
Volatility
TAIBX vs. HYSZX - Volatility Comparison
PGIM Core Bond Fund (TAIBX) has a higher volatility of 1.62% compared to PGIM Short Duration High Yield Income Fund (HYSZX) at 1.03%. This indicates that TAIBX'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.
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Volatility by Period
| TAIBX | HYSZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 1.03% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 2.66% | 1.91% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.46% | 3.08% | +1.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.05% | 3.83% | +2.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.02% | 4.21% | +0.81% |