HGLB vs. PDRDX
Compare and contrast key facts about Highland Global Allocation Fund (HGLB) and Principal Diversified Real Asset Fund (PDRDX).
HGLB is managed by Highland Funds. It was launched on Jan 5, 1998. PDRDX is managed by Principal. It was launched on Mar 15, 2010.
Performance
HGLB vs. PDRDX - Performance Comparison
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HGLB vs. PDRDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HGLB Highland Global Allocation Fund | -9.43% | 51.74% | -1.52% | -6.15% | 14.53% | 53.22% | -17.98% | -31.46% |
PDRDX Principal Diversified Real Asset Fund | 9.23% | 14.63% | 3.09% | 3.22% | -6.19% | 17.30% | 3.97% | 7.15% |
Returns By Period
In the year-to-date period, HGLB achieves a -9.43% return, which is significantly lower than PDRDX's 9.23% return.
HGLB
- 1D
- 2.55%
- 1M
- -10.65%
- YTD
- -9.43%
- 6M
- -6.44%
- 1Y
- 8.73%
- 3Y*
- 8.85%
- 5Y*
- 12.97%
- 10Y*
- —
PDRDX
- 1D
- 0.23%
- 1M
- -4.09%
- YTD
- 9.23%
- 6M
- 11.95%
- 1Y
- 21.29%
- 3Y*
- 9.59%
- 5Y*
- 7.08%
- 10Y*
- 6.54%
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HGLB vs. PDRDX - Expense Ratio Comparison
HGLB has a 0.02% expense ratio, which is lower than PDRDX's 0.83% expense ratio.
Return for Risk
HGLB vs. PDRDX — Risk / Return Rank
HGLB
PDRDX
HGLB vs. PDRDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Highland Global Allocation Fund (HGLB) and Principal Diversified Real Asset Fund (PDRDX). 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.
| HGLB | PDRDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.35 | 1.93 | -1.58 |
Sortino ratioReturn per unit of downside risk | 0.65 | 2.53 | -1.88 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.39 | -0.30 |
Calmar ratioReturn relative to maximum drawdown | 0.37 | 2.35 | -1.98 |
Martin ratioReturn relative to average drawdown | 0.98 | 12.85 | -11.87 |
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
| HGLB | PDRDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.35 | 1.93 | -1.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.65 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.49 | -0.38 |
Correlation
The correlation between HGLB and PDRDX is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
HGLB vs. PDRDX - Dividend Comparison
HGLB's dividend yield for the trailing twelve months is around 13.04%, more than PDRDX's 3.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HGLB Highland Global Allocation Fund | 13.04% | 11.57% | 14.27% | 12.82% | 10.32% | 9.39% | 15.44% | 11.35% | 0.00% | 0.00% | 0.00% | 0.00% |
PDRDX Principal Diversified Real Asset Fund | 3.93% | 4.19% | 2.43% | 2.52% | 12.88% | 6.56% | 0.52% | 2.36% | 3.47% | 2.21% | 2.61% | 0.99% |
Drawdowns
HGLB vs. PDRDX - Drawdown Comparison
The maximum HGLB drawdown since its inception was -70.40%, which is greater than PDRDX's maximum drawdown of -28.55%. Use the drawdown chart below to compare losses from any high point for HGLB and PDRDX.
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Drawdown Indicators
| HGLB | PDRDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.40% | -28.55% | -41.85% |
Max Drawdown (1Y)Largest decline over 1 year | -23.34% | -9.19% | -14.15% |
Max Drawdown (5Y)Largest decline over 5 years | -29.88% | -19.35% | -10.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.55% | — |
Current DrawdownCurrent decline from peak | -19.42% | -4.23% | -15.19% |
Average DrawdownAverage peak-to-trough decline | -18.21% | -6.03% | -12.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.77% | 1.68% | +7.09% |
Volatility
HGLB vs. PDRDX - Volatility Comparison
Highland Global Allocation Fund (HGLB) has a higher volatility of 8.17% compared to Principal Diversified Real Asset Fund (PDRDX) at 3.59%. This indicates that HGLB's price experiences larger fluctuations and is considered to be riskier than PDRDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HGLB | PDRDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.17% | 3.59% | +4.58% |
Volatility (6M)Calculated over the trailing 6-month period | 18.33% | 7.29% | +11.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.33% | 11.33% | +14.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.36% | 10.95% | +11.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.93% | 10.76% | +17.17% |