ANAGX vs. GTRAX

Last updated Jun 5, 2026

ANAGX (AB Global Bond Fund) and GTRAX (PGIM Global Total Return Fund) are both Global Bonds funds. Over the past 10 years, ANAGX returned 1.35%/yr vs 1.48%/yr for GTRAX. At a 0.43 correlation, their price movements are largely independent. ANAGX charges 0.80%/yr vs 0.88%/yr for GTRAX.

Performance

ANAGX vs. GTRAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB Global Bond Fund (ANAGX) and PGIM Global Total Return Fund (GTRAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ANAGX achieves a 0.47% return, which is significantly higher than GTRAX's 0.03% return. Over the past 10 years, ANAGX has underperformed GTRAX with an annualized return of 1.35%, while GTRAX has yielded a comparatively higher 1.48% annualized return.

ANAGX

• 1D: -0.29%
• 1M: 0.47%
• YTD: 0.47%
• 6M: 0.63%
• 1Y: 3.07%
• 3Y*: 3.80%
• 5Y*: -0.14%
• 10Y*: 1.35%

GTRAX

• 1D: -0.38%
• 1M: 0.14%
• YTD: 0.03%
• 6M: 0.35%
• 1Y: 3.11%
• 3Y*: 5.27%
• 5Y*: -1.94%
• 10Y*: 1.48%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ANAGX vs. GTRAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ANAGX AB Global Bond Fund	0.47%	4.97%	1.73%	6.53%	-12.41%	-2.49%	4.72%	7.44%	0.09%	2.99%
GTRAX PGIM Global Total Return Fund	0.03%	10.63%	-0.37%	8.37%	-22.39%	-6.36%	9.79%	14.99%	-1.88%	13.25%

Correlation

The correlation between ANAGX and GTRAX is 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.67
Correlation (All Time) Calculated using the full available price history since Mar 30, 1992	0.43

Over the past year, ANAGX and GTRAX have become more correlated (0.76) than their long-term average of 0.43, meaning their price movements have been converging.

Return for Risk

ANAGX vs. GTRAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ANAGX

ANAGX Risk / Return Rank: 13
ANAGX Sharpe Ratio Rank: 13
ANAGX Sortino Ratio Rank: 13
ANAGX Omega Ratio Rank: 14
ANAGX Calmar Ratio Rank: 11
ANAGX Martin Ratio Rank: 12

GTRAX

GTRAX Risk / Return Rank: 9
GTRAX Sharpe Ratio Rank: 9
GTRAX Sortino Ratio Rank: 9
GTRAX Omega Ratio Rank: 8
GTRAX Calmar Ratio Rank: 9
GTRAX Martin Ratio Rank: 9

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ANAGX vs. GTRAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB Global Bond Fund (ANAGX) and PGIM Global Total Return Fund (GTRAX). 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.

	ANAGX	GTRAX	Difference
Sharpe ratio: Return per unit of total volatility	0.96	0.70	+0.27
Sortino ratio: Return per unit of downside risk	1.44	1.05	+0.39
Omega ratio: Gain probability vs. loss probability	1.19	1.13	+0.06
Calmar ratio: Return relative to maximum drawdown	1.04	0.81	+0.23
Martin ratio: Return relative to average drawdown	3.36	2.42	+0.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ANAGX vs. GTRAX - Sharpe Ratio Comparison

The current ANAGX Sharpe Ratio is 0.96, which is higher than the GTRAX Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of ANAGX and GTRAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ANAGX	GTRAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.96	0.70	+0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.03	-0.30	+0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.36	0.24	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.25	+0.46

Drawdowns

ANAGX vs. GTRAX - Drawdown Comparison

The maximum ANAGX drawdown since its inception was -44.21%, which is greater than GTRAX's maximum drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for ANAGX and GTRAX.

Drawdown Indicators

	ANAGX	GTRAX	Difference
Max Drawdown Largest peak-to-trough decline	-44.21%	-33.63%	-10.58%
Max Drawdown (1Y) Largest decline over 1 year	-3.12%	-4.60%	+1.48%
Max Drawdown (3Y) Largest decline over 3 years	-3.92%	-6.84%	+2.92%
Max Drawdown (5Y) Largest decline over 5 years	-17.60%	-31.81%	+14.21%
Max Drawdown (10Y) Largest decline over 10 years	-17.60%	-33.63%	+16.03%
Current Drawdown Current decline from peak	-2.56%	-13.28%	+10.72%
Average Drawdown Average peak-to-trough decline	-3.67%	-5.82%	+2.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.96%	1.53%	-0.57%

Volatility

ANAGX vs. GTRAX - Volatility Comparison

The current volatility for AB Global Bond Fund (ANAGX) is 1.49%, while PGIM Global Total Return Fund (GTRAX) has a volatility of 1.92%. This indicates that ANAGX experiences smaller price fluctuations and is considered to be less risky than GTRAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ANAGX	GTRAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.49%	1.92%	-0.43%
Volatility (6M) Calculated over the trailing 6-month period	2.81%	4.15%	-1.34%
Volatility (1Y) Calculated over the trailing 1-year period	3.35%	5.35%	-2.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.44%	6.48%	-2.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.74%	6.25%	-2.51%

ANAGX vs. GTRAX - Expense Ratio Comparison

ANAGX has a 0.80% expense ratio, which is lower than GTRAX's 0.88% expense ratio.

Dividends

ANAGX vs. GTRAX - Dividend Comparison

ANAGX's dividend yield for the trailing twelve months is around 3.49%, less than GTRAX's 3.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ANAGX AB Global Bond Fund	3.49%	3.40%	2.88%	2.87%	8.08%	2.37%	2.38%	3.22%	3.01%	2.23%	2.96%	3.69%
GTRAX PGIM Global Total Return Fund	3.67%	3.67%	3.82%	3.02%	3.22%	3.03%	3.63%	8.40%	3.40%	3.17%	3.70%	3.55%

Frequently Asked Questions

Can I hold both ANAGX and GTRAX in my portfolio?

ANAGX and GTRAX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ANAGX or GTRAX?

GTRAX has higher volatility (1.92%) compared to ANAGX (1.49%). In terms of maximum drawdown, ANAGX dropped -44.21% vs GTRAX's -33.63%.

Which has better risk-adjusted returns?

ANAGX currently has the higher Sharpe Ratio (0.96 vs 0.70), 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.