ANAGX vs. PDBAX

Last updated Jun 5, 2026

ANAGX (AB Global Bond Fund) and PDBAX (PGIM Total Return Bond Fund) are both mutual funds - ANAGX is a Global Bonds fund managed by AllianceBernstein, while PDBAX is a Intermediate Core-Plus Bond fund managed by PGIM. Over the past 10 years, ANAGX returned 1.35%/yr vs 2.44%/yr for PDBAX. A 0.66 correlation means they provide meaningful diversification when combined. ANAGX charges 0.80%/yr vs 0.76%/yr for PDBAX.

Performance

ANAGX vs. PDBAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB Global Bond Fund (ANAGX) and PGIM Total Return Bond Fund (PDBAX). 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 PDBAX's 0.28% return. Over the past 10 years, ANAGX has underperformed PDBAX with an annualized return of 1.35%, while PDBAX has yielded a comparatively higher 2.44% 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%

PDBAX

• 1D: -0.25%
• 1M: 0.14%
• YTD: 0.28%
• 6M: 0.47%
• 1Y: 5.07%
• 3Y*: 4.45%
• 5Y*: 0.20%
• 10Y*: 2.44%

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

ANAGX vs. PDBAX - 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%
PDBAX PGIM Total Return Bond Fund	0.28%	7.50%	1.82%	6.51%	-14.52%	-1.77%	7.78%	14.71%	-0.97%	6.30%

Correlation

The correlation between ANAGX and PDBAX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jan 11, 1995	0.66

The correlation between ANAGX and PDBAX shifts across timeframes, from 0.66 (all time) to 0.87 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

ANAGX vs. PDBAX — 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

PDBAX

PDBAX Risk / Return Rank: 22
PDBAX Sharpe Ratio Rank: 20
PDBAX Sortino Ratio Rank: 22
PDBAX Omega Ratio Rank: 20
PDBAX Calmar Ratio Rank: 26
PDBAX Martin Ratio Rank: 22

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. PDBAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB Global Bond Fund (ANAGX) and PGIM Total Return Bond Fund (PDBAX). 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	PDBAX	Difference
Sharpe ratio: Return per unit of total volatility	0.96	1.30	-0.34
Sortino ratio: Return per unit of downside risk	1.44	1.96	-0.53
Omega ratio: Gain probability vs. loss probability	1.19	1.24	-0.05
Calmar ratio: Return relative to maximum drawdown	1.04	1.86	-0.82
Martin ratio: Return relative to average drawdown	3.36	5.45	-2.09
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. PDBAX - Sharpe Ratio Comparison

The current ANAGX Sharpe Ratio is 0.96, which is comparable to the PDBAX Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of ANAGX and PDBAX, 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	PDBAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.96	1.30	-0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.03	0.03	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.36	0.46	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	1.09	-0.37

Drawdowns

ANAGX vs. PDBAX - Drawdown Comparison

The maximum ANAGX drawdown since its inception was -44.21%, which is greater than PDBAX's maximum drawdown of -21.24%. Use the drawdown chart below to compare losses from any high point for ANAGX and PDBAX.

Drawdown Indicators

	ANAGX	PDBAX	Difference
Max Drawdown Largest peak-to-trough decline	-44.21%	-21.24%	-22.97%
Max Drawdown (1Y) Largest decline over 1 year	-3.12%	-3.07%	-0.05%
Max Drawdown (3Y) Largest decline over 3 years	-3.92%	-5.99%	+2.07%
Max Drawdown (5Y) Largest decline over 5 years	-17.60%	-21.01%	+3.41%
Max Drawdown (10Y) Largest decline over 10 years	-17.60%	-21.24%	+3.64%
Current Drawdown Current decline from peak	-2.56%	-1.84%	-0.72%
Average Drawdown Average peak-to-trough decline	-3.67%	-2.47%	-1.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.96%	1.05%	-0.09%

Volatility

ANAGX vs. PDBAX - Volatility Comparison

The current volatility for AB Global Bond Fund (ANAGX) is 1.49%, while PGIM Total Return Bond Fund (PDBAX) has a volatility of 2.06%. This indicates that ANAGX experiences smaller price fluctuations and is considered to be less risky than PDBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ANAGX	PDBAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.49%	2.06%	-0.57%
Volatility (6M) Calculated over the trailing 6-month period	2.81%	3.30%	-0.49%
Volatility (1Y) Calculated over the trailing 1-year period	3.35%	4.40%	-1.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.44%	6.04%	-1.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.74%	5.35%	-1.61%

ANAGX vs. PDBAX - Expense Ratio Comparison

ANAGX has a 0.80% expense ratio, which is higher than PDBAX's 0.76% expense ratio.

Dividends

ANAGX vs. PDBAX - Dividend Comparison

ANAGX's dividend yield for the trailing twelve months is around 3.49%, less than PDBAX's 4.32% 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%
PDBAX PGIM Total Return Bond Fund	4.32%	4.27%	3.76%	3.55%	5.49%	2.47%	2.68%	10.32%	3.74%	2.60%	3.65%	2.94%

Frequently Asked Questions

Can I hold both ANAGX and PDBAX in my portfolio?

ANAGX and PDBAX have a correlation of 0.82, 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 PDBAX?

PDBAX has higher volatility (2.06%) compared to ANAGX (1.49%). In terms of maximum drawdown, ANAGX dropped -44.21% vs PDBAX's -21.24%.

Which has better risk-adjusted returns?

PDBAX currently has the higher Sharpe Ratio (1.30 vs 0.96), 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.