ISD vs SPY
ISD vs SPY
PGIM High Yield Bond Fund, Inc vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY delivered stronger 1-year returns. ISD offers more diversification with 609 holdings.
Side-by-Side Comparison
| Metric | ISD | SPY | Winner |
|---|---|---|---|
| Expense Ratio | - | 0.09% | |
| AUM | $468M | $789.1B | |
| Dividend Yield | 9.19% | 1.01% | |
| Holdings | 780 | 505 | |
| YTD Return | -8.72% | +13.28% | |
| 1Y Return | -4.39% | +23.94% | |
| 3Y Return (annualized) | +10.67% | +21.07% | |
| 5Y Return (annualized) | +4.36% | +13.27% | |
| Volatility (annualized) | 12.2% | 15.3% | |
| Max Drawdown | -54.3% | -56.5% | |
| Fund Family | PGIM Investments | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Apr 26, 2012 | Jan 22, 1993 |
ISD vs SPY Performance
PGIM High Yield Bond Fund, Inc (ISD) is a ETF from PGIM Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year ISD returned -4.39% while SPY returned +23.94%. Year to date, ISD is down 8.72% versus a gain of 13.28% for SPY.
Over three years, ISD compounded at +10.67% per year against +21.07% for SPY; over five years the annualized figures are +4.36% and +13.27% respectively. Across the full 14-year window we track, SPY has the edge at +8.84% annualized vs +0.35%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 12.2% for ISD. 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 -54.3% for ISD and -56.5% for SPY. 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 0.71. They usually move together, but the gap leaves some room for diversification.
Holdings Overlap
Frequently Asked Questions
Which performed better, ISD or SPY?
Over the past year ISD returned -4.39% vs +23.94% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (14 years), ISD annualized +0.35% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, ISD or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 12.2% for ISD. Worst drawdown: ISD -54.3% vs SPY -56.5%.
Should I hold both ISD and SPY?
ISD and SPY have a monthly-return correlation of 0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ISD and SPY?
ISD and SPY share 2 common holdings with a 0.1% weight overlap. Combined, they hold 1110 unique securities.
Which pays a higher dividend, ISD or SPY?
ISD yields 9.19% while SPY yields 1.01%, so ISD currently pays the higher dividend yield.
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