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GTRAX vs. RNWGX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between GTRAX and RNWGX is 0.30, 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.


-0.50.00.51.00.3

Performance

GTRAX vs. RNWGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Global Total Return Fund (GTRAX) and American Funds New World Fund® Class R-6 (RNWGX). The values are adjusted to include any dividend payments, if applicable.

-6.00%-4.00%-2.00%0.00%2.00%4.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
1.93%
-0.32%
GTRAX
RNWGX

Key characteristics

Sharpe Ratio

GTRAX:

0.47

RNWGX:

0.82

Sortino Ratio

GTRAX:

0.69

RNWGX:

1.19

Omega Ratio

GTRAX:

1.09

RNWGX:

1.15

Calmar Ratio

GTRAX:

0.11

RNWGX:

0.57

Martin Ratio

GTRAX:

1.24

RNWGX:

3.52

Ulcer Index

GTRAX:

2.02%

RNWGX:

2.69%

Daily Std Dev

GTRAX:

5.32%

RNWGX:

11.52%

Max Drawdown

GTRAX:

-33.05%

RNWGX:

-33.40%

Current Drawdown

GTRAX:

-19.23%

RNWGX:

-7.83%

Returns By Period

In the year-to-date period, GTRAX achieves a 1.08% return, which is significantly lower than RNWGX's 7.55% return. Over the past 10 years, GTRAX has underperformed RNWGX with an annualized return of 0.73%, while RNWGX has yielded a comparatively higher 6.82% annualized return.


GTRAX

YTD

1.08%

1M

-0.19%

6M

1.53%

1Y

2.12%

5Y*

-2.19%

10Y*

0.73%

RNWGX

YTD

7.55%

1M

-0.12%

6M

-0.19%

1Y

8.83%

5Y*

5.29%

10Y*

6.82%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


GTRAX vs. RNWGX - Expense Ratio Comparison

GTRAX has a 0.88% expense ratio, which is higher than RNWGX's 0.57% expense ratio.


GTRAX
PGIM Global Total Return Fund
Expense ratio chart for GTRAX: current value at 0.88% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.88%
Expense ratio chart for RNWGX: current value at 0.57% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.57%

Risk-Adjusted Performance

GTRAX vs. RNWGX - Risk-Adjusted Performance 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.


Sharpe ratio
The chart of Sharpe ratio for GTRAX, currently valued at 0.47, compared to the broader market-1.000.001.002.003.004.000.470.82
The chart of Sortino ratio for GTRAX, currently valued at 0.69, compared to the broader market-2.000.002.004.006.008.0010.000.691.19
The chart of Omega ratio for GTRAX, currently valued at 1.09, compared to the broader market0.501.001.502.002.503.003.501.091.15
The chart of Calmar ratio for GTRAX, currently valued at 0.11, compared to the broader market0.005.0010.0015.000.110.57
The chart of Martin ratio for GTRAX, currently valued at 1.24, compared to the broader market0.0020.0040.0060.001.243.52
GTRAX
RNWGX

The current GTRAX Sharpe Ratio is 0.47, which is lower than the RNWGX Sharpe Ratio of 0.82. The chart below compares the historical Sharpe Ratios of GTRAX and RNWGX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.50JulyAugustSeptemberOctoberNovemberDecember
0.47
0.82
GTRAX
RNWGX

Dividends

GTRAX vs. RNWGX - Dividend Comparison

GTRAX's dividend yield for the trailing twelve months is around 3.08%, while RNWGX has not paid dividends to shareholders.


TTM20232022202120202019201820172016201520142013
GTRAX
PGIM Global Total Return Fund
3.08%3.68%3.88%3.29%3.62%3.38%3.42%3.18%3.73%3.55%4.26%4.34%
RNWGX
American Funds New World Fund® Class R-6
0.00%1.66%1.33%0.86%0.44%1.78%1.47%1.31%1.37%1.03%7.65%3.77%

Drawdowns

GTRAX vs. RNWGX - Drawdown Comparison

The maximum GTRAX drawdown since its inception was -33.05%, 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. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-19.23%
-7.83%
GTRAX
RNWGX

Volatility

GTRAX vs. RNWGX - Volatility Comparison

The current volatility for PGIM Global Total Return Fund (GTRAX) is 1.21%, while American Funds New World Fund® Class R-6 (RNWGX) has a volatility of 3.08%. 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.


1.00%2.00%3.00%4.00%5.00%JulyAugustSeptemberOctoberNovemberDecember
1.21%
3.08%
GTRAX
RNWGX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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