GUGAX vs. PDBZX
Compare and contrast key facts about GMO Multi-Sector Fixed Income Fund (GUGAX) and PGIM Total Return Bond Fund Class Z (PDBZX).
GUGAX is managed by GMO. It was launched on Apr 30, 1997. PDBZX is managed by PGIM. It was launched on Jan 14, 1997.
Performance
GUGAX vs. PDBZX - Performance Comparison
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GUGAX vs. PDBZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GUGAX GMO Multi-Sector Fixed Income Fund | 0.96% | 7.29% | 0.96% | 6.02% | -14.52% | -3.17% | 4.91% | 9.66% | 2.13% | 4.44% |
PDBZX PGIM Total Return Bond Fund Class Z | -0.53% | 7.70% | 2.87% | 7.70% | -14.33% | -1.46% | 8.01% | 14.76% | -0.72% | 6.60% |
Returns By Period
In the year-to-date period, GUGAX achieves a 0.96% return, which is significantly higher than PDBZX's -0.53% return. Over the past 10 years, GUGAX has underperformed PDBZX with an annualized return of 1.60%, while PDBZX has yielded a comparatively higher 2.93% annualized return.
GUGAX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.96%
- 6M
- 1.90%
- 1Y
- 5.20%
- 3Y*
- 4.05%
- 5Y*
- 0.13%
- 10Y*
- 1.60%
PDBZX
- 1D
- 0.50%
- 1M
- -2.52%
- YTD
- -0.53%
- 6M
- 0.58%
- 1Y
- 4.25%
- 3Y*
- 4.79%
- 5Y*
- 1.00%
- 10Y*
- 2.93%
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GUGAX vs. PDBZX - Expense Ratio Comparison
GUGAX has a 0.45% expense ratio, which is lower than PDBZX's 0.49% expense ratio.
Return for Risk
GUGAX vs. PDBZX — Risk / Return Rank
GUGAX
PDBZX
GUGAX vs. PDBZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Multi-Sector Fixed Income Fund (GUGAX) and PGIM Total Return Bond Fund Class Z (PDBZX). 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.
| GUGAX | PDBZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.36 | 1.04 | +0.32 |
Sortino ratioReturn per unit of downside risk | 1.98 | 1.48 | +0.49 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.18 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.80 | 1.75 | +0.05 |
Martin ratioReturn relative to average drawdown | 6.66 | 5.12 | +1.54 |
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
| GUGAX | PDBZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 1.04 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.17 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.55 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 1.09 | -1.01 |
Correlation
The correlation between GUGAX and PDBZX is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GUGAX vs. PDBZX - Dividend Comparison
GUGAX's dividend yield for the trailing twelve months is around 4.52%, more than PDBZX's 4.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GUGAX GMO Multi-Sector Fixed Income Fund | 4.52% | 3.69% | 4.34% | 0.00% | 1.94% | 2.90% | 7.96% | 5.74% | 5.08% | 2.43% | 3.29% | 1.76% |
PDBZX PGIM Total Return Bond Fund Class Z | 4.19% | 4.54% | 4.79% | 4.60% | 5.73% | 2.73% | 2.94% | 10.36% | 4.01% | 2.87% | 3.92% | 3.33% |
Drawdowns
GUGAX vs. PDBZX - Drawdown Comparison
The maximum GUGAX drawdown since its inception was -38.57%, which is greater than PDBZX's maximum drawdown of -20.88%. Use the drawdown chart below to compare losses from any high point for GUGAX and PDBZX.
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Drawdown Indicators
| GUGAX | PDBZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.57% | -20.88% | -17.69% |
Max Drawdown (1Y)Largest decline over 1 year | -3.08% | -3.06% | -0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -20.53% | -20.81% | +0.28% |
Max Drawdown (10Y)Largest decline over 10 years | -23.06% | -20.88% | -2.18% |
Current DrawdownCurrent decline from peak | -6.72% | -2.52% | -4.20% |
Average DrawdownAverage peak-to-trough decline | -11.29% | -2.31% | -8.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 1.05% | -0.21% |
Volatility
GUGAX vs. PDBZX - Volatility Comparison
The current volatility for GMO Multi-Sector Fixed Income Fund (GUGAX) is 0.00%, while PGIM Total Return Bond Fund Class Z (PDBZX) has a volatility of 1.72%. This indicates that GUGAX experiences smaller price fluctuations and is considered to be less risky than PDBZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GUGAX | PDBZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 1.72% | -1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 1.84% | 2.71% | -0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.03% | 4.59% | -0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.57% | 6.00% | +0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.44% | 5.34% | +0.10% |