PHYL vs SPY

Comparison between PGIM ACTIVE HIGH YIELD BOND ETF (PHYL, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed PHYL, delivering a return of +13.3% compared to +4.1%

PHYL vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PHYL(ETF)	SPY(ETF)
Net Assets	$1.20B	$652B
Expense Ratio	0.39%	0.09%
Max Drawdown	23.54%	56.47%
Sharpe Ratio	1.60	2.07
5Y Beta	0.18	1.00
P/E Ratio	N/A	28.24
Forward P/E	N/A	21.85
5Y Dividends CAGR	-1.70%	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	N/A	22.35%
P/S Ratio	N/A	3.55
P/B Ratio	N/A	5.29

Net Assets

PHYL

$1.20B

Winner

SPY

$652B

Expense Ratio

PHYL

0.39%

Winner

SPY

0.09%

Max Drawdown

Winner

PHYL

23.54%

SPY

56.47%

Sharpe Ratio

PHYL

1.60

Winner

SPY

2.07

5Y Beta

Winner

PHYL

0.18

SPY

1.00

P/E Ratio

PHYL

N/A

SPY

28.24

Forward P/E

PHYL

N/A

SPY

21.85

5Y Dividends CAGR

PHYL

-1.70%

Winner

SPY

5.43%

5Y EPS CAGR

PHYL

N/A

SPY

25.79%

Debt to Equity

PHYL

N/A

SPY

22.35%

P/S Ratio

PHYL

N/A

SPY

3.55

P/B Ratio

PHYL

N/A

SPY

5.29

PHYL vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	PHYL	SPY
1 month	+0.83%	+9.11%
3 months	+0.50%	+6.59%
6 months	+2.95%	+10.56%
1 year	+9.40%	+32.04%
5 years(CAGR)	+4.09%	+13.35%
10 years(CAGR)	N/A	+15.49%
Max(CAGR)	+5.50%	+8.50%

PHYL

+0.83%

Winner

SPY

+9.11%

PHYL

+0.50%

Winner

SPY

+6.59%

PHYL

+2.95%

Winner

SPY

+10.56%

PHYL

+9.40%

Winner

SPY

+32.04%

5Y(CAGR)

PHYL

+4.09%

Winner

SPY

+13.35%

10Y(CAGR)

PHYL

N/A

SPY

+15.49%

Max(CAGR)

PHYL

+5.50%

Winner

SPY

+8.50%

PHYL vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	PHYL	SPY
2026	+1.36%	+8.27%
2025	+9.46%	+18.00%
2024	+8.70%	+25.59%
2023	+11.48%	+26.72%
2022	-11.63%	-18.64%
2021	+6.46%	+30.52%
2020	+6.06%	+17.28%
2019	+16.86%	+31.09%
2018	-4.15%	-5.24%
2017	N/A	+20.78%
2016	N/A	+13.59%
2015	N/A	+1.31%
2014	N/A	+14.56%
2013	N/A	+29.00%
2012	N/A	+14.17%
2011	N/A	+0.85%
2010	N/A	+13.14%
2009	N/A	+22.67%
2008	N/A	-36.25%
2007	N/A	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

PHYL vs SPY Drawdown Comparison

The maximum drawdown for PHYL was -22.07%, occurring on Mar 23, 2020. Recovery took 122 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current PHYL drawdown is -0.17%.

Rank	PHYL	SPY
#1	-22.07% Feb 12, 2020 - Aug 6, 2020	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-16.11% Dec 28, 2021 - Mar 20, 2024	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-5.83% Oct 3, 2018 - Jan 31, 2019	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-4.53% Feb 28, 2025 - May 13, 2025	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-2.67% Feb 20, 2026 - Apr 14, 2026	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-2.43% Mar 27, 2024 - Jun 3, 2024	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-2.24% Sep 2, 2020 - Oct 12, 2020	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-2.18% Nov 8, 2021 - Dec 27, 2021	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-1.61% Dec 6, 2024 - Jan 17, 2025	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-1.60% Jul 3, 2019 - Aug 28, 2019	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-1.60% Oct 12, 2020 - Nov 5, 2020	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-1.60% Feb 12, 2021 - Apr 7, 2021	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-1.59% May 6, 2019 - Jun 7, 2019	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-1.57% Sep 23, 2019 - Nov 15, 2019	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-1.54% Jan 16, 2020 - Feb 12, 2020	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between PHYL and SPY is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.

0.97

-101

Dividend Comparison (1999 - 2026)

PHYL vs SPY dividend yield comparison.

Year	PHYL	SPY
2026	2.32%	0.24%
2025	7.05%	1.07%
2024	8.28%	1.21%
2023	7.62%	1.40%
2022	6.55%	1.65%
2021	6.13%	1.20%
2020	7.51%	1.52%
2019	7.31%	1.75%
2018	1.79%	2.04%
2017	0.00%	1.80%
2016	0.00%	2.03%
2015	0.00%	2.06%
2014	0.00%	1.87%
2013	0.00%	1.81%
2012	0.00%	2.18%
2011	0.00%	2.05%
2010	0.00%	1.80%
2009	0.00%	1.95%
2008	0.00%	3.02%
2007	0.00%	1.85%
2006	0.00%	1.73%
2005	0.00%	1.73%
2004	0.00%	1.82%
2003	0.00%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%