AGZ vs. PGTQX
AGZ (iShares Agency Bond ETF) and PGTQX (PGIM Global Total Return Fund - Class R6) are both funds - AGZ is a Government Bonds fund tracking the Bloomberg U.S. Agency Bond Index (USD), while PGTQX is a Global Bonds fund managed by PGIM. Over the past 10 years, AGZ returned 1.83%/yr vs 1.75%/yr for PGTQX. A 0.52 correlation means they provide meaningful diversification when combined. AGZ charges 0.20%/yr vs 0.54%/yr for PGTQX.
Performance
AGZ vs. PGTQX - Performance Comparison
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Returns By Period
In the year-to-date period, AGZ achieves a 0.22% return, which is significantly higher than PGTQX's 0.01% return. Both investments have delivered pretty close results over the past 10 years, with AGZ having a 1.83% annualized return and PGTQX not far behind at 1.75%.
AGZ
- 1D
- 0.06%
- 1M
- -0.04%
- YTD
- 0.22%
- 6M
- 0.45%
- 1Y
- 3.66%
- 3Y*
- 4.11%
- 5Y*
- 1.16%
- 10Y*
- 1.83%
PGTQX
- 1D
- -0.37%
- 1M
- -0.02%
- YTD
- 0.01%
- 6M
- 0.54%
- 1Y
- 3.47%
- 3Y*
- 5.76%
- 5Y*
- -1.64%
- 10Y*
- 1.75%
AGZ vs. PGTQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGZ iShares Agency Bond ETF | 0.22% | 6.05% | 3.08% | 5.18% | -7.77% | -1.05% | 5.77% | 5.51% | 1.32% | 2.01% |
PGTQX PGIM Global Total Return Fund - Class R6 | 0.01% | 11.14% | 0.31% | 8.46% | -22.33% | -5.95% | 10.07% | 15.22% | -1.59% | 13.59% |
Correlation
The correlation between AGZ and PGTQX is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2012 | 0.52 |
The correlation between AGZ and PGTQX shifts across timeframes, from 0.52 (all time) to 0.66 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
AGZ vs. PGTQX — Risk / Return Rank
AGZ
PGTQX
AGZ vs. PGTQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Agency Bond ETF (AGZ) and PGIM Global Total Return Fund - Class R6 (PGTQX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AGZ | PGTQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.13 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 0.85 | +1.87 |
| Martin ratioReturn relative to average drawdown | 9.02 | 2.64 | +6.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AGZ | PGTQX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 0.73 | +0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | -0.25 | +0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.08 | +0.52 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.11 | +0.57 |
Drawdowns
AGZ vs. PGTQX - Drawdown Comparison
The maximum AGZ drawdown since its inception was -11.01%, smaller than the maximum PGTQX drawdown of -44.72%. Use the drawdown chart below to compare losses from any high point for AGZ and PGTQX.
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Drawdown Indicators
| AGZ | PGTQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.01% | -44.72% | +33.71% |
Max Drawdown (1Y)Largest decline over 1 year | -1.35% | -4.55% | +3.20% |
Max Drawdown (3Y)Largest decline over 3 years | -1.85% | -6.80% | +4.95% |
Max Drawdown (5Y)Largest decline over 5 years | -10.66% | -31.46% | +20.80% |
Max Drawdown (10Y)Largest decline over 10 years | -11.01% | -44.72% | +33.71% |
Current DrawdownCurrent decline from peak | -0.73% | -27.07% | +26.34% |
Average DrawdownAverage peak-to-trough decline | -1.61% | -20.18% | +18.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 1.47% | -1.06% |
Volatility
AGZ vs. PGTQX - Volatility Comparison
The current volatility for iShares Agency Bond ETF (AGZ) is 0.76%, while PGIM Global Total Return Fund - Class R6 (PGTQX) has a volatility of 1.94%. This indicates that AGZ experiences smaller price fluctuations and is considered to be less risky than PGTQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGZ | PGTQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 1.94% | -1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 1.93% | 4.06% | -2.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.58% | 5.30% | -2.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.54% | 6.55% | -3.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.03% | 21.51% | -18.48% |
AGZ vs. PGTQX - Expense Ratio Comparison
AGZ has a 0.20% expense ratio, which is lower than PGTQX's 0.54% expense ratio.
Dividends
AGZ vs. PGTQX - Dividend Comparison
AGZ's dividend yield for the trailing twelve months is around 3.72%, less than PGTQX's 4.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGZ iShares Agency Bond ETF | 3.72% | 3.75% | 3.48% | 3.14% | 1.56% | 0.96% | 2.25% | 2.32% | 2.15% | 1.58% | 1.52% | 1.30% |
PGTQX PGIM Global Total Return Fund - Class R6 | 4.02% | 4.00% | 4.47% | 2.96% | 3.53% | 3.36% | 3.94% | 8.65% | 3.63% | 3.41% | 4.02% | 3.85% |
Frequently Asked Questions
AGZ and PGTQX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PGTQX has higher volatility (1.94%) compared to AGZ (0.76%). In terms of maximum drawdown, AGZ dropped -11.01% vs PGTQX's -44.72%.
AGZ currently has the higher Sharpe Ratio (1.44 vs 0.73), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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