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 6.95%/yr vs 1.40%/yr for GTRAX. At a 0.19 correlation, their price movements are largely independent. 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 -8.40% return, which is significantly lower than GTRAX's -0.54% return. Over the past 10 years, ISD has outperformed GTRAX with an annualized return of 6.95%, while GTRAX has yielded a comparatively lower 1.40% annualized return.
ISD
- 1D
- -0.08%
- 1M
- -0.66%
- YTD
- -8.40%
- 6M
- -8.30%
- 1Y
- 1.52%
- 3Y*
- 11.16%
- 5Y*
- 4.57%
- 10Y*
- 6.95%
GTRAX
- 1D
- -0.38%
- 1M
- 0.13%
- YTD
- -0.54%
- 6M
- -0.22%
- 1Y
- 2.14%
- 3Y*
- 4.93%
- 5Y*
- -1.93%
- 10Y*
- 1.40%
ISD vs. GTRAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISD PGIM High Yield Bond Fund | -8.40% | 15.63% | 22.05% | 15.05% | -18.42% | 15.72% | 6.66% | 28.41% | -5.03% | 3.59% |
GTRAX PGIM Global Total Return Fund | -0.54% | 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 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2012 | 0.19 |
Over the past year, ISD and GTRAX have become more correlated (0.42) than their long-term average of 0.19, 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 | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.09 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | 0.55 | -0.44 |
| Martin ratioReturn relative to average drawdown | 0.31 | 1.55 | -1.24 |
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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% | -31.81% | +6.36% |
Max Drawdown (10Y)Largest decline over 10 years | -38.88% | -33.63% | -5.25% |
Current DrawdownCurrent decline from peak | -10.35% | -13.77% | +3.42% |
Average DrawdownAverage peak-to-trough decline | -5.61% | -5.83% | +0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.98% | 1.63% | +3.35% |
Volatility
ISD vs. GTRAX - Volatility Comparison
PGIM High Yield Bond Fund (ISD) and PGIM Global Total Return Fund (GTRAX) have volatilities of 1.60% and 1.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. 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 | 1.60% | 1.54% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 9.56% | 4.23% | +5.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.15% | 5.38% | +5.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.35% | 6.49% | +6.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.58% | 6.25% | +8.33% |
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 9.88%, more than GTRAX's 3.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GTRAX PGIM Global Total Return Fund | 3.69% | 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 | 9.88% | 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 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISD has higher volatility (1.60%) compared to GTRAX (1.54%). In terms of maximum drawdown, ISD dropped -38.88% vs GTRAX's -33.63%.
GTRAX currently has the higher Sharpe Ratio (0.47 vs 0.14), 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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