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Prudential Day One Income Fund (PDAHX) Sharpe Ratio: 2.21

Mutual Fund · Currency in USD · Last updated Jun 25, 2026

The fund pursues its objective by investing in a diversified portfolio of other mutual funds within the PGIM fund family that represent various asset classes and sectors. It will invest in underlying funds that provide exposure to equity, fixed income and non-traditional asset classes. Approximately 65% of the fund's assets will be allocated to underlying funds that provide exposure to fixed income investments, with the remainder invested in underlying funds that provide exposure to equity and equity-related securities and non-traditional asset classes.

PDAHX's Sharpe Ratio of 2.21 indicates that for each unit of volatility, it generates 2.21 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 25, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

PDAHX Sharpe Ratio Rank

PDAHX Sharpe Ratio Rank: 70.370
Above Average

PDAHX ranks above 70.3% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

PDAHX Sharpe Ratio Market Positioning

The chart shows PDAHX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.20 or lower
  • Yellow zone (middle 50%): 1.20 to 2.16
  • Green zone (top 25%): 2.16 or higher
  • Top 1%: 4.05+
  • Median: 1.76 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Prudential Day One Income Fund's Sharpe Ratio with other mutual funds in the Target Retirement Date category across multiple time periods, showing how PDAHX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 25, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
PADLXPutnam Retirement Advantage Maturity Fund2.56
ISEIXVoya Index Solution 2035 Portfolio2.37
VISPXVoya Index Solution 2060 Portfolio2.36
SSFNXState Street Target Retirement Fund2.35
ISNQXVoya Solution 2050 Portfolio2.34
FHXDXFidelity Freedom Blend 2045 Fund Class K2.34
FHVDXFidelity Freedom Blend 2055 Fund Class K2.33
FULSXFidelity Flex Freedom Blend 2020 Fund2.33
ISQIXVoya Solution 2035 Portfolio2.31
JRLLXJohn Hancock Funds Multi-Index 2015 Lifetime Portfolio2.30
PDAHXPrudential Day One Income Fund2.21

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows PDAHX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when PDAHX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does PDAHX fit in your portfolio?

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