GMODX vs. PADZX
Compare and contrast key facts about GMO Opportunistic Income Fund (GMODX) and PGIM Absolute Return Bond Fund (PADZX).
GMODX is managed by GMO. It was launched on Oct 2, 2011. PADZX is managed by PGIM. It was launched on Mar 29, 2011.
Performance
GMODX vs. PADZX - Performance Comparison
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GMODX vs. PADZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GMODX GMO Opportunistic Income Fund | 0.74% | 6.47% | 6.11% | 7.07% | -2.09% | 2.83% | 3.34% | 3.83% | 4.01% | 6.41% |
PADZX PGIM Absolute Return Bond Fund | 0.36% | 5.10% | 7.48% | 6.11% | -1.55% | 1.87% | 0.59% | 11.10% | 0.71% | 6.67% |
Returns By Period
In the year-to-date period, GMODX achieves a 0.74% return, which is significantly higher than PADZX's 0.36% return. Both investments have delivered pretty close results over the past 10 years, with GMODX having a 4.36% annualized return and PADZX not far behind at 4.26%.
GMODX
- 1D
- -0.37%
- 1M
- -0.57%
- YTD
- 0.74%
- 6M
- 1.99%
- 1Y
- 4.96%
- 3Y*
- 6.18%
- 5Y*
- 3.87%
- 10Y*
- 4.36%
PADZX
- 1D
- 0.00%
- 1M
- -0.54%
- YTD
- 0.36%
- 6M
- 1.62%
- 1Y
- 4.44%
- 3Y*
- 6.11%
- 5Y*
- 3.89%
- 10Y*
- 4.26%
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GMODX vs. PADZX - Expense Ratio Comparison
GMODX has a 0.47% expense ratio, which is lower than PADZX's 0.72% expense ratio.
Return for Risk
GMODX vs. PADZX — Risk / Return Rank
GMODX
PADZX
GMODX vs. PADZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Opportunistic Income Fund (GMODX) 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.
| GMODX | PADZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.01 | 2.52 | +0.49 |
Sortino ratioReturn per unit of downside risk | 4.91 | 5.56 | -0.65 |
Omega ratioGain probability vs. loss probability | 1.69 | 2.25 | -0.57 |
Calmar ratioReturn relative to maximum drawdown | 5.16 | 4.98 | +0.18 |
Martin ratioReturn relative to average drawdown | 23.65 | 18.39 | +5.26 |
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
| GMODX | PADZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.01 | 2.52 | +0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | 1.89 | -0.88 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.44 | 1.37 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.38 | 1.17 | +0.20 |
Correlation
The correlation between GMODX and PADZX is -0.08. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
GMODX vs. PADZX - Dividend Comparison
GMODX's dividend yield for the trailing twelve months is around 5.03%, more than PADZX's 4.68% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMODX GMO Opportunistic Income Fund | 5.03% | 4.99% | 5.28% | 6.17% | 5.44% | 2.10% | 4.15% | 5.69% | 4.35% | 2.66% | 2.55% | 1.71% |
PADZX PGIM Absolute Return Bond Fund | 4.68% | 5.07% | 5.18% | 4.09% | 2.89% | 2.40% | 3.41% | 10.79% | 5.02% | 2.75% | 2.36% | 2.38% |
Drawdowns
GMODX vs. PADZX - Drawdown Comparison
The maximum GMODX drawdown since its inception was -8.79%, smaller than the maximum PADZX drawdown of -17.99%. Use the drawdown chart below to compare losses from any high point for GMODX and PADZX.
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Drawdown Indicators
| GMODX | PADZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.79% | -17.99% | +9.20% |
Max Drawdown (1Y)Largest decline over 1 year | -0.98% | -0.87% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -5.79% | -4.05% | -1.74% |
Max Drawdown (10Y)Largest decline over 10 years | -8.79% | -17.99% | +9.20% |
Current DrawdownCurrent decline from peak | -0.73% | -0.65% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -0.71% | -0.96% | +0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 0.27% | -0.06% |
Volatility
GMODX vs. PADZX - Volatility Comparison
GMO Opportunistic Income Fund (GMODX) has a higher volatility of 0.58% compared to PGIM Absolute Return Bond Fund (PADZX) at 0.35%. This indicates that GMODX'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
| GMODX | PADZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | 0.35% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 1.11% | 1.16% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.68% | 1.80% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.83% | 2.06% | +1.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.04% | 3.13% | -0.09% |