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 1.26%/yr vs 6.88%/yr for ISD. At a 0.19 correlation, their price movements are largely independent. 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 -7.42% return. Over the past 10 years, GTRAX has underperformed ISD with an annualized return of 1.26%, while ISD has yielded a comparatively higher 6.88% annualized return.
GTRAX
- 1D
- 0.19%
- 1M
- -1.23%
- 6M
- -0.83%
- YTD
- -0.83%
- 1Y
- 2.13%
- 3Y*
- 4.16%
- 5Y*
- -2.24%
- 10Y*
- 1.26%
ISD
- 1D
- 0.39%
- 1M
- 0.59%
- 6M
- -7.87%
- YTD
- -7.42%
- 1Y
- -0.97%
- 3Y*
- 11.06%
- 5Y*
- 4.81%
- 10Y*
- 6.88%
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 | -7.42% | 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 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2012 | 0.19 |
Over the past year, GTRAX and ISD have become more correlated (0.43) than their long-term average of 0.19, 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 | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.99 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | -0.07 | +0.45 |
| Martin ratioReturn relative to average drawdown | 1.01 | -0.18 | +1.18 |
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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 | -31.81% | -25.45% | -6.36% |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | -38.88% | +5.25% |
Current DrawdownCurrent decline from peak | -14.02% | -9.40% | -4.62% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -5.63% | -0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 5.47% | -3.73% |
Volatility
GTRAX vs. ISD - Volatility Comparison
The current volatility for PGIM Global Total Return Fund (GTRAX) is 1.19%, while PGIM High Yield Bond Fund (ISD) has a volatility of 2.87%. 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 | 1.19% | 2.87% | -1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 4.26% | 9.76% | -5.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.29% | 11.25% | -5.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.48% | 13.37% | -6.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.24% | 14.58% | -8.34% |
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 3.72%, less than ISD's 9.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GTRAX PGIM Global Total Return Fund | 3.72% | 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 | 9.86% | 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 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISD has higher volatility (2.87%) compared to GTRAX (1.19%). In terms of maximum drawdown, GTRAX dropped -33.63% vs ISD's -38.88%.
GTRAX currently has the higher Sharpe Ratio (0.33 vs -0.09), 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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