GHY vs SCHD
GHY vs SCHD
PGIM Global High Yield Fund, Inc vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD delivered stronger 1-year returns. GHY offers more diversification with 545 holdings.
Side-by-Side Comparison
| Metric | GHY | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | - | 0.06% | |
| AUM | $543M | $103.7B | |
| Dividend Yield | 9.71% | 3.31% | |
| Holdings | 889 | 104 | |
| YTD Return | -0.52% | +22.69% | |
| 1Y Return | -1.51% | +30.94% | |
| 3Y Return (annualized) | +12.12% | +14.20% | |
| 5Y Return (annualized) | +4.60% | +9.59% | |
| Volatility (annualized) | 13.0% | 13.7% | |
| Max Drawdown | -55.6% | -33.4% | |
| Fund Family | PGIM Investments | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Dec 21, 2012 | Oct 20, 2011 |
GHY vs SCHD Performance
PGIM Global High Yield Fund, Inc (GHY) is a ETF from PGIM Investments and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year GHY returned -1.51% while SCHD returned +30.94%. Year to date, GHY is down 0.52% versus a gain of 22.69% for SCHD.
Over three years, GHY compounded at +12.12% per year against +14.20% for SCHD; over five years the annualized figures are +4.60% and +9.59% respectively. Across the full 14-year window we track, SCHD has the edge at +11.31% annualized vs +0.10%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 13.0% for GHY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -55.6% for GHY and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Holdings Overlap
GHY and SCHD share 0 holdings out of 645 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which performed better, GHY or SCHD?
Over the past year GHY returned -1.51% vs +30.94% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (14 years), GHY annualized +0.10% vs +11.31% for SCHD. Past performance does not guarantee future results.
Which is riskier, GHY or SCHD?
SCHD has been the more volatile fund at 13.7% annualized versus 13.0% for GHY. Worst drawdown: GHY -55.6% vs SCHD -33.4%.
Should I hold both GHY and SCHD?
GHY and SCHD have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GHY and SCHD?
GHY and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 645 unique securities.
Which pays a higher dividend, GHY or SCHD?
GHY yields 9.71% while SCHD yields 3.31%, so GHY currently pays the higher dividend yield.
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