GHY vs FEP

Comparison between PGIM Global High Yield Fund Inc (GHY, ETF) and FIRST TRUST EUROPE ALPHADEX FUND (FEP, ETF).

5-Year PerformanceFEP has outperformed GHY, delivering a return of +10.5% compared to +4.5%

GHY vs FEP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GHY(ETF)	FEP(ETF)
Net Assets	$522M	$523M
Expense Ratio	N/A	0.80%
Max Drawdown	55.57%	48.63%
Sharpe Ratio	-0.57	1.08
5Y Beta	0.44	0.72
5Y Dividends CAGR	0.00%	10.37%

Net Assets

GHY

$522M

Winner

FEP

$523M

Expense Ratio

GHY

N/A

FEP

0.80%

Max Drawdown

GHY

55.57%

Winner

FEP

48.63%

Sharpe Ratio

GHY

-0.57

Winner

FEP

1.08

5Y Beta

Winner

GHY

0.44

FEP

0.72

5Y Dividends CAGR

GHY

0.00%

Winner

FEP

10.37%

GHY vs FEP - Historical Returns

Returns include dividend reinvestment.

Period	GHY	FEP
1 month	+0.55%	+5.85%
3 months	-0.31%	+3.15%
6 months	-3.98%	+4.37%
1 year	-3.23%	+24.31%
5 years(CAGR)	+4.46%	+10.53%
10 years(CAGR)	+6.70%	+10.79%
Max(CAGR)	+5.43%	+7.34%

GHY

+0.55%

Winner

FEP

+5.85%

GHY

-0.31%

Winner

FEP

+3.15%

GHY

-3.98%

Winner

FEP

+4.37%

GHY

-3.23%

Winner

FEP

+24.31%

5Y(CAGR)

GHY

+4.46%

Winner

FEP

+10.53%

10Y(CAGR)

GHY

+6.70%

Winner

FEP

+10.79%

Max(CAGR)

GHY

+5.43%

Winner

FEP

+7.34%

GHY vs FEP - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

Year	GHY	FEP
2026	+0.18%	+13.81%
2025	+8.75%	+56.41%
2024	+18.99%	+4.29%
2023	+16.12%	+15.39%
2022	-19.80%	-23.82%
2021	+13.81%	+14.42%
2020	+6.26%	+2.99%
2019	+25.23%	+25.41%
2018	-4.14%	-19.85%
2017	+4.57%	+35.74%
2016	+14.99%	+2.35%
2015	-2.05%	+3.13%
2014	+1.79%	-8.86%
2013	-5.63%	+29.74%
2012	+0.20%	+23.47%
2011	N/A	-29.10%

GHY vs FEP Drawdown Comparison

The maximum drawdown for GHY was -41.30%, occurring on Mar 23, 2020. Recovery took 200 trading sessions.

The maximum drawdown for FEP was -46.03%, occurring on Mar 18, 2020. Recovery took 741 trading sessions.

The current GHY drawdown is -4.95%.

Rank	GHY	FEP
#1	-41.30% Feb 19, 2020 - Dec 2, 2020	-46.03% Jan 26, 2018 - Jan 6, 2021
#2	-29.44% Sep 13, 2021 - Jun 12, 2024	-39.01% Sep 2, 2021 - Feb 18, 2025
#3	-16.36% Mar 25, 2025 - Jun 12, 2025	-34.70% May 3, 2011 - Aug 2, 2013
#4	-14.81% Jun 17, 2014 - Jun 6, 2016	-26.29% Jun 6, 2014 - May 2, 2017
#5	-13.72% Jan 16, 2013 - Jun 13, 2014	-15.83% Mar 19, 2025 - Apr 29, 2025
#6	-11.93% Feb 13, 2026 - Mar 30, 2026	-12.13% Feb 25, 2026 - May 6, 2026
#7	-7.87% Jul 9, 2025 - Feb 12, 2026	-7.79% Jun 7, 2021 - Aug 13, 2021
#8	-7.75% Oct 11, 2017 - Jan 30, 2019	-7.41% Jan 15, 2014 - Feb 13, 2014
#9	-6.76% Aug 31, 2016 - Jan 11, 2017	-6.01% Apr 2, 2014 - Jun 6, 2014
#10	-4.13% Jun 30, 2021 - Aug 5, 2021	-5.42% Aug 9, 2013 - Sep 10, 2013
#11	-4.05% Nov 8, 2024 - Nov 22, 2024	-4.99% Oct 3, 2025 - Dec 4, 2025
#12	-3.80% Dec 6, 2024 - Jan 6, 2025	-4.71% May 26, 2026 - Jul 30, 2026
#13	-3.64% Jul 18, 2019 - Sep 12, 2019	-4.38% Aug 22, 2025 - Sep 30, 2025
#14	-3.46% Jan 27, 2025 - Feb 5, 2025	-4.36% Jan 8, 2021 - Feb 11, 2021
#15	-3.19% Jun 20, 2016 - Jul 14, 2016	-4.14% Mar 6, 2014 - Apr 2, 2014

Correlation

Correlation between GHY and FEP is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.

0.92

-101

Dividend Comparison (2011 - 2026)

GHY vs FEP dividend yield comparison.

Year	GHY	FEP
2026	6.31%	1.44%
2025	10.21%	3.33%
2024	10.23%	4.94%
2023	11.09%	3.27%
2022	11.62%	3.00%
2021	8.35%	3.49%
2020	8.67%	2.32%
2019	8.04%	2.63%
2018	7.72%	2.62%
2017	7.77%	1.65%
2016	8.53%	2.14%
2015	10.07%	2.20%
2014	11.02%	2.46%
2013	8.65%	1.55%
2012	0.00%	2.15%
2011	0.00%	2.23%