PGVAX Alternatives & Similar Mutual Funds

PGIM Government Income Fund (PGVAX) belongs to the Government Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PGVAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to PGVAX

PGVAX charges 1.08% annually. There are 93 mutual funds in the Government Bonds category with lower expense ratios, going as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
GUSTX	GMO U.S. Treasury Fund	0.01%	—	Mar 2009	PGVAX vs GUSTX
FUTBX	Fidelity SAI U.S. Treasury Bond Index Fund	0.03%	—	Mar 2016	PGVAX vs FUTBX
FBLTX	Fidelity SAI Long-Term Treasury Bond Index Fund	0.03%	—	Oct 2015	PGVAX vs FBLTX
FNBGX	Fidelity Long-Term Treasury Bond Index Fund	0.03%	—	Dec 2005	PGVAX vs FNBGX
FUMBX	Fidelity Short-Term Treasury Bond Index Fund	0.03%	—	Dec 2005	PGVAX vs FUMBX

Best Risk-Adjusted Alternatives to PGVAX

PGVAX has a PortfoliosLab risk / return rank of 15. There are 70 mutual funds in the Government Bonds category with higher risk-adjusted ranks, going as high as 99.

Symbol	Name	Risk / Return Rank	AUM	Inception
FEUGX	Federated Hermes Adjustable Rate Fund	99	—	Dec 1985	PGVAX vs FEUGX
DFFGX	DFA Short-Term Government Portfolio	99	1.81B	May 1987	PGVAX vs DFFGX
GUSTX	GMO U.S. Treasury Fund	99	—	Mar 2009	PGVAX vs GUSTX
VSBIX	Vanguard Short-Term Treasury Index Fund Institutio...	94	—	Aug 2010	PGVAX vs VSBIX
VSBSX	Vanguard Short-Term Treasury Index Fund Admiral Sh...	93	33.80B	Dec 2009	PGVAX vs VSBSX

Top Performing PGVAX Alternatives (YTD)

PGVAX is at -0.90% YTD. There are 68 mutual funds in the Government Bonds category with higher YTD returns, going as high as 1.94%.

Symbol	Name	YTD Return	AUM	Inception
FEUGX	Federated Hermes Adjustable Rate Fund	1.94%	—	Dec 1985	PGVAX vs FEUGX
DFFGX	DFA Short-Term Government Portfolio	1.79%	1.81B	May 1987	PGVAX vs DFFGX
MDSIX	Integrity Short Term Government Fund	1.60%	—	Jun 2011	PGVAX vs MDSIX
GUSTX	GMO U.S. Treasury Fund	1.59%	—	Mar 2009	PGVAX vs GUSTX
RFBAX	Davis Government Bond Fund	1.14%	—	Nov 1994	PGVAX vs RFBAX

Lowest Volatility Alternatives to PGVAX

PGVAX has 3.92% 1-year volatility. There are 57 mutual funds in the Government Bonds category with lower 1-year volatility, going as low as 0.81%.

Symbol	Name	Volatility 1Y	AUM	Inception
DFFGX	DFA Short-Term Government Portfolio	0.81%	1.81B	May 1987	PGVAX vs DFFGX
GUSTX	GMO U.S. Treasury Fund	1.27%	—	Mar 2009	PGVAX vs GUSTX
VSBIX	Vanguard Short-Term Treasury Index Fund Institutio...	1.30%	—	Aug 2010	PGVAX vs VSBIX
VSBSX	Vanguard Short-Term Treasury Index Fund Admiral Sh...	1.30%	33.80B	Dec 2009	PGVAX vs VSBSX
FEUGX	Federated Hermes Adjustable Rate Fund	1.37%	—	Dec 1985	PGVAX vs FEUGX

Lowest Drawdown Alternatives to PGVAX

PGVAX has a 1-year max drawdown of -3.49%. There are 76 mutual funds in the Government Bonds category with shallower 1-year drawdowns, going as shallow as -0.20%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
GUSTX	GMO U.S. Treasury Fund	-0.20%	—	Mar 2009	PGVAX vs GUSTX
DFFGX	DFA Short-Term Government Portfolio	-0.30%	1.81B	May 1987	PGVAX vs DFFGX
FEUGX	Federated Hermes Adjustable Rate Fund	-0.32%	—	Dec 1985	PGVAX vs FEUGX
RFBAX	Davis Government Bond Fund	-0.77%	—	Nov 1994	PGVAX vs RFBAX
VSBIX	Vanguard Short-Term Treasury Index Fund Institutio...	-0.81%	—	Aug 2010	PGVAX vs VSBIX

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
PJFAX	PGIM Jennison Growth Fund	Large Cap Growth Equities	11	2.54%	—	Nov 1995	PGVAX vs PJFAX
PHYQX	PGIM High Yield Fund Class R6	High Yield Bonds	65	1.16%	—	Oct 2011	PGVAX vs PHYQX
PTRQX	PGIM Total Return Bond R6	Intermediate Core-Plus Bond	26	-0.45%	—	Dec 2010	PGVAX vs PTRQX
FRFZX	PGIM Floating Rate Income Fund	Bank Loan	97	2.71%	—	Mar 2011	PGVAX vs FRFZX
PDBZX	PGIM Total Return Bond Fund Class Z	Intermediate Core-Plus Bond	24	-0.50%	—	Jan 1997	PGVAX vs PDBZX
PALDX	PGIM 60/40 Allocation Fund	Diversified Portfolio	76	6.54%	—	Sep 2017	PGVAX vs PALDX
SDMZX	PGIM Short Duration Multi-Sector Bond Fund	Short-Term Bond	63	0.95%	—	Dec 2013	PGVAX vs SDMZX
PBHAX	PGIM High Yield Fund	High Yield Bonds	63	0.98%	—	Jan 1990	PGVAX vs PBHAX
HYSZX	PGIM Short Duration High Yield Income Fund	High Yield Bonds	67	1.05%	—	Oct 2012	PGVAX vs HYSZX
PWJZX	PGIM Jennison International Opportunities Fund	Foreign Large Cap Equities	7	2.22%	—	Jun 2012	PGVAX vs PWJZX

Often Compared With PGVAX

Investors most often compare PGVAX with PGOAX, VGIVX, FUAMX. These 7 comparison targets span 3 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
PGOAX	PGIM Jennison Small Company Fund	Small Cap Growth Equities	67	13.62%	—	Jan 1990	PGVAX vs PGOAX
VGIVX	Vanguard Emerging Markets Government Bond Index Fu...	Government Bonds	59	0.48%	6.80B	Feb 2015	PGVAX vs VGIVX
FUAMX	Fidelity Intermediate Treasury Bond Index Fund	Government Bonds	14	-1.10%	—	Dec 2005	PGVAX vs FUAMX
VGAVX	Vanguard Emerging Markets Government Bond Index Fu...	Government Bonds	59	0.37%	6.80B	May 2013	PGVAX vs VGAVX
PDMIX	PIMCO GNMA and Government Securities Fund	Government Bonds	31	0.08%	—	Jul 1997	PGVAX vs PDMIX
PRJZX	PGIM Jennison Global Opportunities Fund	Global Equities	5	-2.23%	—	Mar 2012	PGVAX vs PRJZX
PRGMX	T. Rowe Price GNMA Fund	Government Bonds	42	0.01%	—	Nov 1985	PGVAX vs PRGMX

Compare PGVAX with Any Fund or Stock

Compare PGVAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair PGVAX with funds that move differently

PGIM Government Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PGVAX.

Explore PGVAX Diversifiers

PGIM Government Income Fund (PGVAX) Alternatives