GTRAX vs. ISD
GTRAX (PGIM Global Total Return Fund) and ISD (PGIM High Yield Bond Fund) are both mutual funds - GTRAX is a Global Bonds fund managed by PGIM, while ISD is a High Yield Bonds fund managed by PGIM. Over the past 10 years, GTRAX returned 1.17%/yr vs 6.71%/yr for ISD. Their 0.20 correlation means their historical movements had little consistent relationship. GTRAX charges 0.88%/yr vs 0.02%/yr for ISD.
Performance
GTRAX vs. ISD - Performance Comparison
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Returns By Period
In the year-to-date period, GTRAX achieves a -0.83% return, which is significantly higher than ISD's -8.87% return. Over the past 10 years, GTRAX has underperformed ISD with an annualized return of 1.17%, while ISD has yielded a comparatively higher 6.71% 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%
ISD
- 1D
- 0.96%
- 1M
- -2.28%
- 6M
- -9.87%
- YTD
- -8.87%
- 1Y
- -4.35%
- 3Y*
- 10.84%
- 5Y*
- 4.31%
- 10Y*
- 6.71%
- ALL TIME*
- 5.66%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $1.88M | $1.60M | $1.47M |
GTRAX vs. ISD - 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% |
ISD PGIM High Yield Bond Fund | -8.87% | 15.63% | 22.05% | 15.05% | -18.42% | 15.72% | 6.66% | 28.41% | -5.03% | 3.59% |
Correlation
The correlation between GTRAX and ISD is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (3Y) Balances recent behavior with more history. | 0.33 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.37 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.25 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2012 | 0.20 |
Over the past year, GTRAX and ISD have become more correlated (0.45) than their long-term average of 0.20, meaning their price movements have been converging.
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Return for Risk
GTRAX vs. ISD — Risk / Return Rank
GTRAX
ISD
GTRAX vs. ISD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Global Total Return Fund (GTRAX) and PGIM High Yield Bond Fund (ISD). 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 | ISD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.94 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | -0.32 | +0.56 |
| Martin ratioReturn relative to average drawdown | 0.55 | -0.72 | +1.28 |
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Drawdowns
GTRAX vs. ISD - Drawdown Comparison
The maximum GTRAX drawdown since its inception was -33.63%, smaller than the maximum ISD drawdown of -38.88%. Use the drawdown chart below to compare losses from any high point for GTRAX and ISD.
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Drawdown Indicators
| GTRAX | ISD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -38.88% | +5.25% |
Max Drawdown (1Y)Largest decline over 1 year | -4.60% | -13.52% | +8.92% |
Max Drawdown (3Y)Largest decline over 3 years | -6.84% | -13.94% | +7.10% |
Max Drawdown (5Y)Largest decline over 5 years | -31.49% | -25.45% | -6.04% |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | -38.88% | +5.25% |
Current DrawdownCurrent decline from peak | -14.02% | -10.81% | -3.21% |
Average DrawdownAverage peak-to-trough decline | -5.86% | -5.65% | -0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 6.04% | -4.12% |
Volatility
GTRAX vs. ISD - Volatility Comparison
The current volatility for PGIM Global Total Return Fund (GTRAX) is 1.36%, while PGIM High Yield Bond Fund (ISD) has a volatility of 3.27%. This indicates that GTRAX experiences smaller price fluctuations and is considered to be less risky than ISD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GTRAX | ISD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 3.27% | -1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 4.27% | 9.99% | -5.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.18% | 11.45% | -6.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.49% | 13.37% | -6.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.23% | 14.60% | -8.37% |
GTRAX vs. ISD - Expense Ratio Comparison
GTRAX has a 0.88% expense ratio, which is higher than ISD's 0.02% expense ratio.
Dividends
GTRAX vs. ISD - Dividend Comparison
GTRAX's dividend yield for the trailing twelve months is around 3.41%, less than ISD's 10.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ISD PGIM High Yield Bond Fund | 10.02% | 8.71% | 9.21% | 10.23% | 10.61% | 7.85% | 8.40% | 7.86% | 7.89% | 8.46% | 8.28% | 9.64% |
Frequently Asked Questions
GTRAX and ISD have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISD has higher volatility (3.27%) compared to GTRAX (1.36%). In terms of maximum drawdown, GTRAX dropped -33.63% vs ISD's -38.88%.
GTRAX currently has the higher Sharpe Ratio (0.21 vs -0.38), 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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