GTRAX vs. TASVX

Last updated Jun 23, 2026

GTRAX (PGIM Global Total Return Fund) and TASVX (PGIM Quant Solutions Small-Cap Value Fund) are both mutual funds - GTRAX is a Global Bonds fund managed by PGIM, while TASVX is a Small Cap Value Equities fund managed by PGIM. Over the past 10 years, GTRAX returned 1.37%/yr vs 11.09%/yr for TASVX. At a 0.04 correlation, their price movements are largely independent. GTRAX charges 0.88%/yr vs 0.79%/yr for TASVX.

Performance

GTRAX vs. TASVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Global Total Return Fund (GTRAX) and PGIM Quant Solutions Small-Cap Value Fund (TASVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GTRAX achieves a -0.16% return, which is significantly lower than TASVX's 18.76% return. Over the past 10 years, GTRAX has underperformed TASVX with an annualized return of 1.37%, while TASVX has yielded a comparatively higher 11.09% annualized return.

GTRAX

• 1D: -0.19%
• 1M: 0.52%
• YTD: -0.16%
• 6M: 0.35%
• 1Y: 2.91%
• 3Y*: 4.92%
• 5Y*: -1.92%
• 10Y*: 1.37%

TASVX

• 1D: 1.53%
• 1M: 4.06%
• YTD: 18.76%
• 6M: 16.07%
• 1Y: 43.81%
• 3Y*: 23.80%
• 5Y*: 12.49%
• 10Y*: 11.09%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GTRAX vs. TASVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GTRAX PGIM Global Total Return Fund	-0.16%	10.63%	-0.37%	8.37%	-22.39%	-6.36%	9.79%	14.99%	-1.88%	13.25%
TASVX PGIM Quant Solutions Small-Cap Value Fund	18.76%	13.71%	18.76%	16.92%	-11.44%	41.68%	-3.08%	15.56%	-19.00%	6.21%

Correlation

The correlation between GTRAX and TASVX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (10Y) Calculated over the trailing 10-year period	0.08
Correlation (All Time) Calculated using the full available price history since Jan 5, 1993	0.04

Over the past year, GTRAX and TASVX have become more correlated (0.37) than their long-term average of 0.04, meaning their price movements have been converging.

Return for Risk

GTRAX vs. TASVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GTRAX

GTRAX Risk / Return Rank: 7
GTRAX Sharpe Ratio Rank: 7
GTRAX Sortino Ratio Rank: 7
GTRAX Omega Ratio Rank: 7
GTRAX Calmar Ratio Rank: 7
GTRAX Martin Ratio Rank: 7

TASVX

TASVX Risk / Return Rank: 85
TASVX Sharpe Ratio Rank: 84
TASVX Sortino Ratio Rank: 82
TASVX Omega Ratio Rank: 73
TASVX Calmar Ratio Rank: 94
TASVX Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GTRAX vs. TASVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Global Total Return Fund (GTRAX) and PGIM Quant Solutions Small-Cap Value Fund (TASVX). 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	TASVX	Difference
Sharpe ratio: Return per unit of total volatility	0.55	2.54	-1.99
Sortino ratio: Return per unit of downside risk	0.82	3.60	-2.77
Omega ratio: Gain probability vs. loss probability	1.10	1.44	-0.34
Calmar ratio: Return relative to maximum drawdown	0.64	5.03	-4.39
Martin ratio: Return relative to average drawdown	1.80	17.12	-15.32

GTRAX vs. TASVX - Sharpe Ratio Comparison

The current GTRAX Sharpe Ratio is 0.55, which is lower than the TASVX Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of GTRAX and TASVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GTRAX vs. TASVX - Drawdown Comparison

The maximum GTRAX drawdown since its inception was -33.63%, smaller than the maximum TASVX drawdown of -59.79%. Use the drawdown chart below to compare losses from any high point for GTRAX and TASVX.

Drawdown Indicators

	GTRAX	TASVX	Difference
Max Drawdown Largest peak-to-trough decline	-33.63%	-59.79%	+26.16%
Max Drawdown (1Y) Largest decline over 1 year	-4.60%	-8.75%	+4.15%
Max Drawdown (3Y) Largest decline over 3 years	-6.84%	-23.91%	+17.07%
Max Drawdown (5Y) Largest decline over 5 years	-31.81%	-24.62%	-7.19%
Max Drawdown (10Y) Largest decline over 10 years	-33.63%	-59.79%	+26.16%
Current Drawdown Current decline from peak	-13.44%	-0.04%	-13.40%
Average Drawdown Average peak-to-trough decline	-5.83%	-8.48%	+2.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.62%	2.57%	-0.95%

Volatility

GTRAX vs. TASVX - Volatility Comparison

The current volatility for PGIM Global Total Return Fund (GTRAX) is 1.57%, while PGIM Quant Solutions Small-Cap Value Fund (TASVX) has a volatility of 4.89%. This indicates that GTRAX experiences smaller price fluctuations and is considered to be less risky than TASVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GTRAX	TASVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.57%	4.89%	-3.32%
Volatility (6M) Calculated over the trailing 6-month period	4.22%	11.88%	-7.66%
Volatility (1Y) Calculated over the trailing 1-year period	5.36%	17.36%	-12.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.49%	22.60%	-16.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.25%	26.46%	-20.21%

GTRAX vs. TASVX - Expense Ratio Comparison

GTRAX has a 0.88% expense ratio, which is higher than TASVX's 0.79% expense ratio.

Dividends

GTRAX vs. TASVX - Dividend Comparison

GTRAX's dividend yield for the trailing twelve months is around 3.68%, more than TASVX's 1.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GTRAX PGIM Global Total Return Fund	3.68%	3.67%	3.82%	3.02%	3.22%	3.03%	3.63%	8.40%	3.40%	3.17%	3.70%	3.55%
TASVX PGIM Quant Solutions Small-Cap Value Fund	1.09%	1.29%	26.54%	3.43%	22.08%	1.46%	1.38%	2.81%	10.87%	13.42%	1.83%	45.04%

Frequently Asked Questions

Can I hold both GTRAX and TASVX in my portfolio?

GTRAX and TASVX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GTRAX or TASVX?

TASVX has higher volatility (4.89%) compared to GTRAX (1.57%). In terms of maximum drawdown, GTRAX dropped -33.63% vs TASVX's -59.79%.

Which has better risk-adjusted returns?

TASVX currently has the higher Sharpe Ratio (2.54 vs 0.55), 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.