Prudential Day One 2045 Fund (PDIHX) belongs to the Target Retirement Date category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PDIHX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PDIHX
PDIHX charges 0.08% annually. There are 70 mutual funds in the Target Retirement Date category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Principal LifeTime 2045 Fund | 0.01% | — | Feb 2008 | PDIHX vs LTRIX | |
| Principal LifeTime 2055 Fund | 0.01% | — | Feb 2008 | PDIHX vs LTFIX | |
| Principal LifeTime 2040 Fund | 0.01% | — | Feb 2001 | PDIHX vs PTDIX | |
| John Hancock Funds Multi-Index 2060 Lifetime Portf... | 0.01% | — | Mar 2016 | PDIHX vs JIEHX | |
| American Funds 2065 Target Date Retirement Fund | 0.01% | — | Mar 2020 | PDIHX vs FCQTX |
Best Risk-Adjusted Alternatives to PDIHX
PDIHX has a PortfoliosLab risk / return rank of 69. There are 268 mutual funds in the Target Retirement Date category with higher risk-adjusted ranks, going as high as 87.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Putnam Retirement Advantage Maturity Fund | 87 | — | Dec 2019 | PDIHX vs PADLX | |
| Fidelity Managed Retirement 2020 Fund | 84 | — | Dec 2007 | PDIHX vs FIRVX | |
| Fidelity Managed Retirement Income Fund Class K | 84 | — | Aug 2019 | PDIHX vs FRKMX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 84 | — | Aug 2007 | PDIHX vs FRAMX | |
| Fidelity Managed Retirement Income Fund Class K6 | 84 | — | Aug 2019 | PDIHX vs FRHMX |
Top Performing PDIHX Alternatives (YTD)
PDIHX is at 11.15% YTD. There are 212 mutual funds in the Target Retirement Date category with higher YTD returns, going as high as 15,640,638.04%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Managed Retirement Income Fund Class K | 15,640,638.04% | — | Aug 2019 | PDIHX vs FRKMX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 1,644,791.35% | — | Aug 2007 | PDIHX vs FRAMX | |
| Fidelity Managed Retirement Income Fund Class K6 | 1,464,383.96% | — | Aug 2019 | PDIHX vs FRHMX | |
| Fidelity Managed Retirement 2020 Fund | 1,440,933.92% | — | Dec 2007 | PDIHX vs FIRVX | |
| Fidelity Freedom 2060 Fund Class K6 | 14.76% | — | Aug 2014 | PDIHX vs FVTKX |
Lowest Volatility Alternatives to PDIHX
PDIHX has 10.95% 1-year volatility. There are 369 mutual funds in the Target Retirement Date category with lower 1-year volatility, going as low as 3.58%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 3.58% | — | Nov 2015 | PDIHX vs TDIFX | |
| MFS Lifetime 2025 Fund | 4.18% | — | Nov 2012 | PDIHX vs LTTIX | |
| Fidelity Freedom Index Income Fund Investor Class | 4.31% | — | Oct 2009 | PDIHX vs FIKFX | |
| Fidelity Freedom Index Income Fund Institutional P... | 4.32% | — | Oct 2009 | PDIHX vs FFGZX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 4.36% | — | Aug 2019 | PDIHX vs FRQHX |
Lowest Drawdown Alternatives to PDIHX
PDIHX has a 1-year max drawdown of -8.08%. There are 373 mutual funds in the Target Retirement Date category with shallower 1-year drawdowns, going as shallow as -2.61%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | -2.61% | — | Nov 2015 | PDIHX vs TDIFX | |
| Fidelity Freedom Index Income Fund Investor Class | -3.32% | — | Oct 2009 | PDIHX vs FIKFX | |
| Fidelity Freedom Index Income Fund Institutional P... | -3.33% | — | Oct 2009 | PDIHX vs FFGZX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | -3.41% | — | Aug 2019 | PDIHX vs FRQHX | |
| Fidelity Managed Retirement Income Fund Class K | -3.42% | — | Aug 2019 | PDIHX vs FRKMX |
Other Mutual Funds from PGIM
The 10 most viewed PGIM mutual funds shown here include PJFAX, PHYQX, PTRQX and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| PGIM Jennison Growth Fund | Large Cap Growth Equities | 12 | 4.02% | — | Nov 1995 | PDIHX vs PJFAX | |
| PGIM High Yield Fund Class R6 | High Yield Bonds | 69 | 1.64% | — | Oct 2011 | PDIHX vs PHYQX | |
| PGIM Total Return Bond R6 | Intermediate Core-Plus Bond | 24 | 0.43% | — | Dec 2010 | PDIHX vs PTRQX | |
| PGIM Short Duration Multi-Sector Bond Fund | Short-Term Bond | 50 | 0.81% | — | Dec 2013 | PDIHX vs SDMZX | |
| PGIM Total Return Bond Fund Class Z | Intermediate Core-Plus Bond | 23 | 0.38% | — | Jan 1997 | PDIHX vs PDBZX | |
| PGIM Floating Rate Income Fund | Bank Loan | 96 | 2.29% | — | Mar 2011 | PDIHX vs FRFZX | |
| PGIM Short Duration High Yield Income Fund | High Yield Bonds | 68 | 1.37% | — | Oct 2012 | PDIHX vs HYSZX | |
| PGIM 60/40 Allocation Fund | Diversified Portfolio | 81 | 7.25% | — | Sep 2017 | PDIHX vs PALDX | |
| PGIM High Yield Fund | High Yield Bonds | 65 | 1.48% | — | Jan 1990 | PDIHX vs PBHAX | |
| PGIM Jennison International Opportunities Fund | Foreign Large Cap Equities | 17 | 19.37% | — | Jun 2012 | PDIHX vs PWJZX |
Often Compared With PDIHX
Investors most often compare PDIHX with LTIUX, FRQIX, LTSTX. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare PDIHX with Any Fund or Stock
Compare PDIHX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PDIHX with funds that move differently
Prudential Day One 2045 Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PDIHX.
Explore PDIHX Diversifiers