GTRAX vs. RNWGX
Compare and contrast key facts about PGIM Global Total Return Fund (GTRAX) and American Funds New World Fund® Class R-6 (RNWGX).
GTRAX is managed by PGIM. It was launched on Jul 6, 1986. RNWGX is managed by American Funds. It was launched on Aug 1, 2008.
Performance
GTRAX vs. RNWGX - Performance Comparison
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GTRAX vs. RNWGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GTRAX PGIM Global Total Return Fund | -1.12% | 10.63% | -0.37% | 8.37% | -22.39% | -6.36% | 9.79% | 14.99% | -1.88% | 13.25% |
RNWGX American Funds New World Fund® Class R-6 | 0.16% | 28.67% | 6.88% | 16.26% | -21.77% | 5.09% | 25.30% | 28.03% | -12.00% | 33.07% |
Returns By Period
In the year-to-date period, GTRAX achieves a -1.12% return, which is significantly lower than RNWGX's 0.16% return. Over the past 10 years, GTRAX has underperformed RNWGX with an annualized return of 1.57%, while RNWGX has yielded a comparatively higher 9.94% annualized return.
GTRAX
- 1D
- 0.38%
- 1M
- -2.05%
- YTD
- -1.12%
- 6M
- -0.96%
- 1Y
- 5.37%
- 3Y*
- 4.75%
- 5Y*
- -1.61%
- 10Y*
- 1.57%
RNWGX
- 1D
- 1.66%
- 1M
- -3.66%
- YTD
- 0.16%
- 6M
- 3.32%
- 1Y
- 25.73%
- 3Y*
- 14.50%
- 5Y*
- 5.13%
- 10Y*
- 9.94%
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GTRAX vs. RNWGX - Expense Ratio Comparison
GTRAX has a 0.88% expense ratio, which is higher than RNWGX's 0.57% expense ratio.
Return for Risk
GTRAX vs. RNWGX — Risk / Return Rank
GTRAX
RNWGX
GTRAX vs. RNWGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Global Total Return Fund (GTRAX) and American Funds New World Fund® Class R-6 (RNWGX). 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.
| GTRAX | RNWGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.05 | 1.67 | -0.62 |
Sortino ratioReturn per unit of downside risk | 1.52 | 2.30 | -0.78 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.33 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.26 | 2.06 | -0.80 |
Martin ratioReturn relative to average drawdown | 4.89 | 8.40 | -3.51 |
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
| GTRAX | RNWGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | 1.67 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.25 | 0.34 | -0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | 0.62 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.47 | -0.22 |
Correlation
The correlation between GTRAX and RNWGX is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GTRAX vs. RNWGX - Dividend Comparison
GTRAX's dividend yield for the trailing twelve months is around 3.36%, less than RNWGX's 6.08% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GTRAX PGIM Global Total Return Fund | 3.36% | 3.67% | 3.82% | 3.02% | 3.22% | 3.03% | 3.63% | 8.40% | 3.40% | 3.17% | 3.70% | 3.55% |
RNWGX American Funds New World Fund® Class R-6 | 6.08% | 6.09% | 4.11% | 2.88% | 1.33% | 7.32% | 0.44% | 4.05% | 2.71% | 2.26% | 1.37% | 1.04% |
Drawdowns
GTRAX vs. RNWGX - Drawdown Comparison
The maximum GTRAX drawdown since its inception was -33.63%, roughly equal to the maximum RNWGX drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for GTRAX and RNWGX.
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Drawdown Indicators
| GTRAX | RNWGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -33.40% | -0.23% |
Max Drawdown (1Y)Largest decline over 1 year | -4.60% | -13.00% | +8.40% |
Max Drawdown (5Y)Largest decline over 5 years | -31.81% | -33.40% | +1.59% |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | -33.40% | -0.23% |
Current DrawdownCurrent decline from peak | -14.27% | -9.25% | -5.02% |
Average DrawdownAverage peak-to-trough decline | -5.78% | -8.12% | +2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 3.18% | -2.00% |
Volatility
GTRAX vs. RNWGX - Volatility Comparison
The current volatility for PGIM Global Total Return Fund (GTRAX) is 2.20%, while American Funds New World Fund® Class R-6 (RNWGX) has a volatility of 6.56%. This indicates that GTRAX experiences smaller price fluctuations and is considered to be less risky than RNWGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GTRAX | RNWGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 6.56% | -4.36% |
Volatility (6M)Calculated over the trailing 6-month period | 3.38% | 11.13% | -7.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.33% | 15.69% | -10.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.42% | 15.17% | -8.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.24% | 15.99% | -9.75% |