- ISIN
- US74440E8701
- Issuer
- PGIM
- Inception Date
- Nov 14, 2016
- Category
- Inflation-Protected Bonds
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
PQTSX Performance Chart
PGIM TIPS Fund (PQTSX) is up 1.8% since the beginning of the year. PQTSX is currently trading at $8 per share. Investors who bought $1,000 worth of PQTSX shares 5 years ago would now be looking at an investment worth $1,044.
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Returns By Period
PGIM TIPS Fund (PQTSX) has returned 1.83% so far this year and 5.14% over the past 12 months.
PGIM TIPS Fund
- 1D
- 0.00%
- 1M
- 0.07%
- YTD
- 1.83%
- 6M
- 1.51%
- 1Y
- 5.14%
- 3Y*
- 3.72%
- 5Y*
- 0.86%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
PQTSX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2017, PQTSX's average daily return is +0.01%, while the average monthly return is +0.20%. At this rate, an investment would double in approximately 28.9 years.
Historically, 63% of months were positive and 37% were negative. The best month was Jul 2022 with a return of +3.2%, while the worst month was Sep 2022 at -6.6%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 4 months.
On a daily basis, PQTSX closed higher 43% of trading days. The best single day was Mar 20, 2020 with a return of +3.7%, while the worst single day was Mar 17, 2020 at -2.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.48% | 1.31% | -1.24% | 1.11% | 0.19% | 0.00% | 1.83% | ||||||
| 2025 | 1.19% | 2.23% | 0.59% | 0.13% | -0.57% | 0.94% | 0.00% | 1.57% | 0.41% | 0.32% | 0.28% | -0.67% | 6.58% |
| 2024 | 0.35% | -1.18% | 0.75% | -1.59% | 1.70% | 0.81% | 1.77% | 0.65% | 1.48% | -1.87% | 0.56% | -1.63% | 1.74% |
| 2023 | 2.11% | -1.49% | 2.95% | -0.57% | -1.17% | -0.44% | 0.13% | -0.96% | -1.83% | -1.46% | 2.74% | 2.50% | 2.34% |
| 2022 | -2.04% | 0.89% | -1.76% | -2.13% | -1.08% | -3.68% | 3.17% | -2.57% | -6.62% | 1.18% | 1.80% | -1.25% | -13.56% |
| 2021 | 0.28% | -1.54% | -0.19% | 1.36% | 1.11% | 0.65% | 2.70% | -0.20% | -0.78% | 1.04% | 0.99% | 2.30% | 7.91% |
Benchmark Metrics
PGIM TIPS Fund has an annualized alpha of 2.43%, beta of 0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 04, 2017.
- This fund participated in 19.06% of S&P 500 Index downside but only 14.02% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.01 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.43%
- Beta
- 0.01
- R²
- 0.00
- Upside Capture
- 14.02%
- Downside Capture
- 19.06%
Expense Ratio
PQTSX has an expense ratio of 0.39%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PQTSX ranks 25 for risk / return — below 25% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for PGIM TIPS Fund (PQTSX) and compare them to S&P 500 Index.
| PQTSX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.25 | 2.39 | -1.13 |
Sortino ratioReturn per unit of downside risk | 1.98 | 3.25 | -1.27 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.43 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 2.14 | 3.11 | -0.97 |
Martin ratioReturn relative to average drawdown | 7.03 | 14.38 | -7.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
PGIM TIPS Fund provided a 5.04% dividend yield over the last twelve months, with an annual payout of $0.42 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.42 | $0.41 | $0.36 | $0.28 | $0.56 | $1.00 | $0.28 | $0.25 | $0.31 | $0.11 |
Dividend yield | 5.04% | 4.95% | 4.39% | 3.25% | 6.51% | 9.54% | 2.60% | 2.48% | 3.26% | 1.11% |
Monthly Dividends
The table displays the monthly dividend distributions for PGIM TIPS Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.02 | $0.05 | $0.10 | $0.00 | $0.18 | ||||||
| 2025 | $0.01 | $0.02 | $0.07 | $0.05 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.41 |
| 2024 | $0.00 | $0.00 | $0.05 | $0.07 | $0.07 | $0.05 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.36 |
| 2023 | $0.00 | $0.00 | $0.05 | $0.00 | $0.04 | $0.05 | $0.03 | $0.04 | $0.03 | $0.00 | $0.03 | $0.01 | $0.28 |
| 2022 | $0.05 | $0.03 | $0.08 | $0.09 | $0.12 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.02 | $0.04 | $0.56 |
| 2021 | $0.00 | $0.00 | $0.04 | $0.05 | $0.07 | $0.08 | $0.08 | $0.09 | $0.05 | $0.02 | $0.03 | $0.50 | $1.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the PGIM TIPS Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the PGIM TIPS Fund was 16.40%, occurring on Oct 6, 2023. The portfolio has not yet recovered.
The current PGIM TIPS Fund drawdown is 2.67%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 correction2023 | -16.40%Oct 2023 | 1y 7mo | — | 4y 2moMar 2022 - now |
COVID crash2020 | -9.46%Mar 2020 | 9d | 3mo 3d | 3mo 12dMar 2020 - Jun 2020 |
Bear market2022 | -4.43%Feb 2022 | 1mo 8d | 26d | 2mo 4dJan 2022 - Mar 2022 |
Rate-hike selloffLate 2018 | -3.47%Nov 2018 | 1y 8mo | 4mo 13d | 2y 16dFeb 2017 - Mar 2019 |
2021 pullback2021 | -2.89%Feb 2021 | 27d | 2mo 9d | 3mo 6dJan 2021 - May 2021 |
Drawdown Indicators
| PQTSX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.40% | -56.78% | +40.38% |
Max Drawdown (1Y)Largest decline over 1 year | -2.23% | -9.10% | +6.87% |
Max Drawdown (3Y)Largest decline over 3 years | -4.53% | -18.90% | +14.37% |
Max Drawdown (5Y)Largest decline over 5 years | -16.40% | -25.43% | +9.03% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.67% | 0.00% | -2.67% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -10.72% | +5.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 1.97% | -1.29% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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