EIXIX vs. PADZX
EIXIX (Catalyst Enhanced Income Strategy Fund) and PADZX (PGIM Absolute Return Bond Fund) are both Nontraditional Bonds funds. Over the past 5 years, EIXIX returned -4.85%/yr vs 3.88%/yr for PADZX. Their -0.07 correlation means they have often moved in opposite directions in the past. EIXIX charges 1.50%/yr vs 0.72%/yr for PADZX.
Performance
EIXIX vs. PADZX - Performance Comparison
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Returns By Period
In the year-to-date period, EIXIX achieves a -8.09% return, which is significantly lower than PADZX's 2.45% return.
EIXIX
- 1D
- -0.81%
- 1M
- 0.60%
- 6M
- -7.27%
- YTD
- -8.09%
- 1Y
- -14.17%
- 3Y*
- -5.71%
- 5Y*
- -4.85%
- 10Y*
- —
- ALL TIME*
- -0.12%
PADZX
- 1D
- 0.00%
- 1M
- -0.22%
- 6M
- 1.92%
- YTD
- 2.45%
- 1Y
- 4.84%
- 3Y*
- 5.76%
- 5Y*
- 3.88%
- 10Y*
- 4.14%
- ALL TIME*
- 3.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
EIXIX vs. PADZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EIXIX Catalyst Enhanced Income Strategy Fund | -8.09% | -8.86% | 0.88% | -2.09% | -6.82% | 4.55% | 6.18% | 15.84% |
PADZX PGIM Absolute Return Bond Fund | 2.45% | 5.10% | 7.48% | 6.11% | -1.55% | 1.87% | 0.59% | 10.53% |
Correlation
The correlation between EIXIX and PADZX is 0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.04 |
Correlation (3Y) Balances recent behavior with more history. | -0.15 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.17 |
Correlation (All Time) Calculated using the full available price history since Jan 9, 2019 | -0.07 |
The correlation between EIXIX and PADZX shifts across timeframes, from -0.17 (5 years) to 0.04 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EIXIX vs. PADZX — Risk / Return Rank
EIXIX
PADZX
EIXIX vs. PADZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Catalyst Enhanced Income Strategy Fund (EIXIX) and PGIM Absolute Return Bond Fund (PADZX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EIXIX | PADZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.96 | ||
| Sortino ratioReturn per unit of downside risk | -7.14 | ||
| Omega ratioGain probability vs. loss probability | 0.73 | 2.21 | -1.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 5.62 | -6.43 |
| Martin ratioReturn relative to average drawdown | -1.61 | 16.14 | -17.75 |
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Drawdowns
EIXIX vs. PADZX - Drawdown Comparison
The maximum EIXIX drawdown since its inception was -24.46%, which is greater than PADZX's maximum drawdown of -17.99%. Use the drawdown chart below to compare losses from any high point for EIXIX and PADZX.
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Drawdown Indicators
| EIXIX | PADZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.46% | -17.99% | -6.47% |
Max Drawdown (1Y)Largest decline over 1 year | -16.22% | -0.86% | -15.36% |
Max Drawdown (3Y)Largest decline over 3 years | -19.95% | -0.98% | -18.97% |
Max Drawdown (5Y)Largest decline over 5 years | -24.46% | -4.05% | -20.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.99% | — |
Current DrawdownCurrent decline from peak | -23.26% | -0.60% | -22.66% |
Average DrawdownAverage peak-to-trough decline | -5.74% | -0.95% | -4.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.10% | 0.30% | +7.80% |
Volatility
EIXIX vs. PADZX - Volatility Comparison
Catalyst Enhanced Income Strategy Fund (EIXIX) has a higher volatility of 3.79% compared to PGIM Absolute Return Bond Fund (PADZX) at 0.43%. This indicates that EIXIX's price experiences larger fluctuations and is considered to be riskier than PADZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EIXIX | PADZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.79% | 0.43% | +3.36% |
Volatility (6M)Calculated over the trailing 6-month period | 6.72% | 1.80% | +4.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.02% | 2.12% | +5.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.89% | 2.16% | +2.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.99% | 3.14% | +1.85% |
EIXIX vs. PADZX - Expense Ratio Comparison
EIXIX has a 1.50% expense ratio, which is higher than PADZX's 0.72% expense ratio.
Dividends
EIXIX vs. PADZX - Dividend Comparison
EIXIX's dividend yield for the trailing twelve months is around 4.02%, less than PADZX's 4.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIXIX Catalyst Enhanced Income Strategy Fund | 4.02% | 7.24% | 9.31% | 8.57% | 6.68% | 7.11% | 5.65% | 4.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PADZX PGIM Absolute Return Bond Fund | 4.61% | 5.07% | 5.18% | 4.09% | 2.89% | 2.40% | 3.41% | 10.79% | 5.02% | 2.75% | 2.36% | 2.38% |
Frequently Asked Questions
EIXIX and PADZX have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EIXIX has higher volatility (3.79%) compared to PADZX (0.43%). In terms of maximum drawdown, EIXIX dropped -24.46% vs PADZX's -17.99%.
PADZX currently has the higher Sharpe Ratio (2.33 vs -1.63), 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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