GTRAX vs. GOBSX
GTRAX (PGIM Global Total Return Fund) and GOBSX (BrandywineGLOBAL - Global Opportunities Bond Fund) are both Global Bonds funds. Over the past 10 years, GTRAX returned 1.17%/yr vs 0.99%/yr for GOBSX. Their 0.72 correlation means they have sometimes moved together and sometimes differently. GTRAX charges 0.88%/yr vs 0.56%/yr for GOBSX.
Performance
GTRAX vs. GOBSX - Performance Comparison
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Returns By Period
In the year-to-date period, GTRAX achieves a -0.83% return, which is significantly lower than GOBSX's 2.79% return. Over the past 10 years, GTRAX has outperformed GOBSX with an annualized return of 1.17%, while GOBSX has yielded a comparatively lower 0.99% annualized return.
GTRAX
- 1D
- 0.19%
- 1M
- -0.76%
- 6M
- -1.50%
- YTD
- -0.83%
- 1Y
- 0.87%
- 3Y*
- 4.54%
- 5Y*
- -2.42%
- 10Y*
- 1.17%
- ALL TIME*
- 3.31%
GOBSX
- 1D
- 0.22%
- 1M
- 1.25%
- 6M
- 0.43%
- YTD
- 2.79%
- 1Y
- 4.03%
- 3Y*
- 3.35%
- 5Y*
- -1.37%
- 10Y*
- 0.99%
- ALL TIME*
- 3.51%
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 |
GTRAX vs. GOBSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GTRAX PGIM Global Total Return Fund | -0.83% | 10.63% | -0.37% | 8.37% | -22.39% | -6.36% | 9.79% | 14.99% | -1.88% | 13.25% |
GOBSX BrandywineGLOBAL - Global Opportunities Bond Fund | 2.79% | 13.59% | -9.38% | 7.42% | -15.66% | -5.27% | 12.66% | 9.21% | -5.59% | 11.51% |
Correlation
The correlation between GTRAX and GOBSX is 0.83, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.83 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2007 | 0.72 |
The correlation between GTRAX and GOBSX shifts across timeframes, from 0.72 (all time) to 0.87 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
GTRAX vs. GOBSX — Risk / Return Rank
GTRAX
GOBSX
GTRAX vs. GOBSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Global Total Return Fund (GTRAX) and BrandywineGLOBAL - Global Opportunities Bond Fund (GOBSX). 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.
| GTRAX | GOBSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.12 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | 0.86 | -0.63 |
| Martin ratioReturn relative to average drawdown | 0.55 | 2.30 | -1.74 |
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Drawdowns
GTRAX vs. GOBSX - Drawdown Comparison
The maximum GTRAX drawdown since its inception was -33.63%, which is greater than GOBSX's maximum drawdown of -29.04%. Use the drawdown chart below to compare losses from any high point for GTRAX and GOBSX.
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Drawdown Indicators
| GTRAX | GOBSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -29.04% | -4.59% |
Max Drawdown (1Y)Largest decline over 1 year | -4.60% | -5.10% | +0.50% |
Max Drawdown (3Y)Largest decline over 3 years | -6.84% | -11.88% | +5.04% |
Max Drawdown (5Y)Largest decline over 5 years | -31.49% | -27.47% | -4.02% |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | -29.04% | -4.59% |
Current DrawdownCurrent decline from peak | -14.02% | -9.55% | -4.47% |
Average DrawdownAverage peak-to-trough decline | -5.86% | -6.74% | +0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 1.91% | +0.01% |
Volatility
GTRAX vs. GOBSX - Volatility Comparison
PGIM Global Total Return Fund (GTRAX) and BrandywineGLOBAL - Global Opportunities Bond Fund (GOBSX) have volatilities of 1.36% and 1.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GTRAX | GOBSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 1.43% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 4.27% | 5.50% | -1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.18% | 6.75% | -1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.49% | 9.30% | -2.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.23% | 8.45% | -2.22% |
GTRAX vs. GOBSX - Expense Ratio Comparison
GTRAX has a 0.88% expense ratio, which is higher than GOBSX's 0.56% expense ratio.
Dividends
GTRAX vs. GOBSX - Dividend Comparison
GTRAX's dividend yield for the trailing twelve months is around 3.41%, less than GOBSX's 5.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOBSX BrandywineGLOBAL - Global Opportunities Bond Fund | 5.16% | 4.28% | 3.80% | 0.09% | 6.70% | 2.30% | 0.31% | 1.56% | 3.15% | 3.68% | 1.87% | 2.61% |
GTRAX PGIM Global Total Return Fund | 3.41% | 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
GTRAX and GOBSX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOBSX has higher volatility (1.43%) compared to GTRAX (1.36%). In terms of maximum drawdown, GTRAX dropped -33.63% vs GOBSX's -29.04%.
GOBSX currently has the higher Sharpe Ratio (0.65 vs 0.21), 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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