ISD vs. FQTIX
ISD (PGIM High Yield Bond Fund) and FQTIX (Franklin Templeton SMACS: Series I) are both High Yield Bonds funds. Over the past 5 years, ISD returned 4.81%/yr vs 3.62%/yr for FQTIX. At a 0.45 correlation, their price movements are largely independent. ISD charges 0.02%/yr vs 0.00%/yr for FQTIX.
Performance
ISD vs. FQTIX - Performance Comparison
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Returns By Period
In the year-to-date period, ISD achieves a -7.57% return, which is significantly lower than FQTIX's 3.84% return.
ISD
- 1D
- -0.85%
- 1M
- 0.67%
- 6M
- -7.82%
- YTD
- -7.57%
- 1Y
- -1.06%
- 3Y*
- 11.00%
- 5Y*
- 4.81%
- 10Y*
- 6.86%
FQTIX
- 1D
- 0.00%
- 1M
- 0.15%
- 6M
- 3.20%
- YTD
- 3.84%
- 1Y
- 8.50%
- 3Y*
- 8.60%
- 5Y*
- 3.62%
- 10Y*
- —
ISD vs. FQTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ISD PGIM High Yield Bond Fund | -7.57% | 15.63% | 22.05% | 15.05% | -18.42% | 15.72% | 6.66% | 16.92% |
FQTIX Franklin Templeton SMACS: Series I | 3.84% | 7.51% | 8.03% | 13.44% | -14.39% | 8.51% | 3.68% | 4.11% |
Correlation
The correlation between ISD and FQTIX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2019 | 0.45 |
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Return for Risk
ISD vs. FQTIX — Risk / Return Rank
ISD
FQTIX
ISD vs. FQTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM High Yield Bond Fund (ISD) and Franklin Templeton SMACS: Series I (FQTIX). 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.
| ISD | FQTIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.82 | ||
| Sortino ratioReturn per unit of downside risk | -4.16 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.61 | -0.61 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 3.84 | -3.92 |
| Martin ratioReturn relative to average drawdown | -0.20 | 20.13 | -20.33 |
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Drawdowns
ISD vs. FQTIX - Drawdown Comparison
The maximum ISD drawdown since its inception was -38.88%, which is greater than FQTIX's maximum drawdown of -24.62%. Use the drawdown chart below to compare losses from any high point for ISD and FQTIX.
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Drawdown Indicators
| ISD | FQTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.88% | -24.62% | -14.26% |
Max Drawdown (1Y)Largest decline over 1 year | -13.52% | -2.20% | -11.32% |
Max Drawdown (3Y)Largest decline over 3 years | -13.94% | -6.42% | -7.52% |
Max Drawdown (5Y)Largest decline over 5 years | -25.45% | -18.81% | -6.64% |
Max Drawdown (10Y)Largest decline over 10 years | -38.88% | — | — |
Current DrawdownCurrent decline from peak | -9.54% | -0.25% | -9.29% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -4.26% | -1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.40% | 0.42% | +4.98% |
Volatility
ISD vs. FQTIX - Volatility Comparison
PGIM High Yield Bond Fund (ISD) has a higher volatility of 2.84% compared to Franklin Templeton SMACS: Series I (FQTIX) at 0.71%. This indicates that ISD's price experiences larger fluctuations and is considered to be riskier than FQTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISD | FQTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.84% | 0.71% | +2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 9.76% | 2.43% | +7.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.27% | 3.09% | +8.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.37% | 5.94% | +7.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.59% | 7.67% | +6.92% |
ISD vs. FQTIX - Expense Ratio Comparison
ISD has a 0.02% expense ratio, which is higher than FQTIX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ISD vs. FQTIX - Dividend Comparison
ISD's dividend yield for the trailing twelve months is around 9.87%, more than FQTIX's 6.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FQTIX Franklin Templeton SMACS: Series I | 6.91% | 5.70% | 7.86% | 7.64% | 8.10% | 7.15% | 6.89% | 5.63% | 0.00% | 0.00% | 0.00% | 0.00% |
ISD PGIM High Yield Bond Fund | 9.87% | 8.71% | 9.21% | 10.23% | 10.61% | 7.85% | 8.40% | 7.86% | 7.89% | 8.46% | 8.28% | 9.64% |
Frequently Asked Questions
ISD and FQTIX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISD has higher volatility (2.84%) compared to FQTIX (0.71%). In terms of maximum drawdown, ISD dropped -38.88% vs FQTIX's -24.62%.
FQTIX currently has the higher Sharpe Ratio (2.73 vs -0.09), 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.
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