ISD vs. GTRAX
ISD (PGIM High Yield Bond Fund) and GTRAX (PGIM Global Total Return Fund) are both mutual funds - ISD is a High Yield Bonds fund managed by PGIM, while GTRAX is a Global Bonds fund managed by PGIM. Over the past 10 years, ISD returned 6.60%/yr vs 1.12%/yr for GTRAX. Their 0.20 correlation means their historical movements had little consistent relationship. ISD charges 0.02%/yr vs 0.88%/yr for GTRAX.
Performance
ISD vs. GTRAX - Performance Comparison
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Returns By Period
In the year-to-date period, ISD achieves a -9.89% return, which is significantly lower than GTRAX's -0.83% return. Over the past 10 years, ISD has outperformed GTRAX with an annualized return of 6.60%, while GTRAX has yielded a comparatively lower 1.12% annualized return.
ISD
- 1D
- -0.08%
- 1M
- -3.37%
- 6M
- -10.69%
- YTD
- -9.89%
- 1Y
- -4.69%
- 3Y*
- 10.30%
- 5Y*
- 4.23%
- 10Y*
- 6.60%
- ALL TIME*
- 5.58%
GTRAX
- 1D
- 0.58%
- 1M
- -0.76%
- 6M
- -1.68%
- YTD
- -0.83%
- 1Y
- 1.06%
- 3Y*
- 4.26%
- 5Y*
- -2.37%
- 10Y*
- 1.12%
- ALL TIME*
- 3.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $1.80M | $1.56M | $1.41M |
ISD vs. GTRAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISD PGIM High Yield Bond Fund | -9.89% | 15.63% | 22.05% | 15.05% | -18.42% | 15.72% | 6.66% | 28.41% | -5.03% | 3.59% |
GTRAX PGIM Global Total Return Fund | -0.83% | 10.63% | -0.37% | 8.37% | -22.39% | -6.36% | 9.79% | 14.99% | -1.88% | 13.25% |
Correlation
The correlation between ISD and GTRAX is 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (3Y) Balances recent behavior with more history. | 0.33 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.37 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.25 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2012 | 0.20 |
Over the past year, ISD and GTRAX have become more correlated (0.44) than their long-term average of 0.20, meaning their price movements have been converging.
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Return for Risk
ISD vs. GTRAX — Risk / Return Rank
ISD
GTRAX
ISD vs. GTRAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM High Yield Bond Fund (ISD) and PGIM Global Total Return Fund (GTRAX). 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 | GTRAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.08 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 0.51 | -0.88 |
| Martin ratioReturn relative to average drawdown | -0.84 | 1.23 | -2.07 |
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Drawdowns
ISD vs. GTRAX - Drawdown Comparison
The maximum ISD drawdown since its inception was -38.88%, which is greater than GTRAX's maximum drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for ISD and GTRAX.
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Drawdown Indicators
| ISD | GTRAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.88% | -33.63% | -5.25% |
Max Drawdown (1Y)Largest decline over 1 year | -13.52% | -4.60% | -8.92% |
Max Drawdown (3Y)Largest decline over 3 years | -13.94% | -6.84% | -7.10% |
Max Drawdown (5Y)Largest decline over 5 years | -25.45% | -31.72% | +6.27% |
Max Drawdown (10Y)Largest decline over 10 years | -38.88% | -33.63% | -5.25% |
Current DrawdownCurrent decline from peak | -11.81% | -14.02% | +2.21% |
Average DrawdownAverage peak-to-trough decline | -5.65% | -5.86% | +0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.96% | 1.90% | +4.06% |
Volatility
ISD vs. GTRAX - Volatility Comparison
PGIM High Yield Bond Fund (ISD) has a higher volatility of 3.08% compared to PGIM Global Total Return Fund (GTRAX) at 1.36%. This indicates that ISD's price experiences larger fluctuations and is considered to be riskier than GTRAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISD | GTRAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 1.36% | +1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 9.94% | 4.27% | +5.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.41% | 5.31% | +6.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.36% | 6.49% | +6.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.59% | 6.23% | +8.36% |
ISD vs. GTRAX - Expense Ratio Comparison
ISD has a 0.02% expense ratio, which is lower than GTRAX's 0.88% expense ratio.
Dividends
ISD vs. GTRAX - Dividend Comparison
ISD's dividend yield for the trailing twelve months is around 10.13%, more than GTRAX's 3.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GTRAX PGIM Global Total Return Fund | 3.41% | 3.67% | 3.82% | 3.02% | 3.22% | 3.03% | 3.63% | 8.40% | 3.40% | 3.17% | 3.70% | 3.55% |
ISD PGIM High Yield Bond Fund | 10.13% | 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 GTRAX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISD has higher volatility (3.08%) compared to GTRAX (1.36%). In terms of maximum drawdown, ISD dropped -38.88% vs GTRAX's -33.63%.
GTRAX currently has the higher Sharpe Ratio (0.44 vs -0.44), 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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