ISD vs. PDBZX
ISD (PGIM High Yield Bond Fund) and PDBZX (PGIM Total Return Bond Fund Class Z) are both mutual funds - ISD is a High Yield Bonds fund managed by PGIM, while PDBZX is a Intermediate Core-Plus Bond fund managed by PGIM. Over the past 10 years, ISD returned 6.82%/yr vs 2.65%/yr for PDBZX. At a 0.15 correlation, their price movements are largely independent. ISD charges 0.02%/yr vs 0.49%/yr for PDBZX.
Performance
ISD vs. PDBZX - Performance Comparison
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Returns By Period
In the year-to-date period, ISD achieves a -7.71% return, which is significantly lower than PDBZX's 0.34% return. Over the past 10 years, ISD has outperformed PDBZX with an annualized return of 6.82%, while PDBZX has yielded a comparatively lower 2.65% annualized return.
ISD
- 1D
- -0.31%
- 1M
- 0.12%
- 6M
- -7.84%
- YTD
- -7.71%
- 1Y
- -1.35%
- 3Y*
- 10.70%
- 5Y*
- 4.74%
- 10Y*
- 6.82%
PDBZX
- 1D
- 0.25%
- 1M
- -0.46%
- 6M
- 0.09%
- YTD
- 0.34%
- 1Y
- 4.89%
- 3Y*
- 5.10%
- 5Y*
- 0.41%
- 10Y*
- 2.65%
ISD vs. PDBZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISD PGIM High Yield Bond Fund | -7.71% | 15.63% | 22.05% | 15.05% | -18.42% | 15.72% | 6.66% | 28.41% | -5.03% | 3.59% |
PDBZX PGIM Total Return Bond Fund Class Z | 0.34% | 7.70% | 2.87% | 7.70% | -14.33% | -1.46% | 8.01% | 14.76% | -0.72% | 6.60% |
Correlation
The correlation between ISD and PDBZX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2012 | 0.15 |
Over the past year, ISD and PDBZX have become more correlated (0.39) than their long-term average of 0.15, meaning their price movements have been converging.
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Return for Risk
ISD vs. PDBZX — Risk / Return Rank
ISD
PDBZX
ISD vs. PDBZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM High Yield Bond Fund (ISD) 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.
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 | PDBZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.93 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.23 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 1.72 | -1.82 |
| Martin ratioReturn relative to average drawdown | -0.25 | 4.68 | -4.93 |
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Drawdowns
ISD vs. PDBZX - Drawdown Comparison
The maximum ISD drawdown since its inception was -38.88%, which is greater than PDBZX's maximum drawdown of -20.88%. Use the drawdown chart below to compare losses from any high point for ISD and PDBZX.
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Drawdown Indicators
| ISD | PDBZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.88% | -20.88% | -18.00% |
Max Drawdown (1Y)Largest decline over 1 year | -13.52% | -3.00% | -10.52% |
Max Drawdown (3Y)Largest decline over 3 years | -13.94% | -5.51% | -8.43% |
Max Drawdown (5Y)Largest decline over 5 years | -25.45% | -20.81% | -4.64% |
Max Drawdown (10Y)Largest decline over 10 years | -38.88% | -20.88% | -18.00% |
Current DrawdownCurrent decline from peak | -9.68% | -1.66% | -8.02% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -2.30% | -3.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.50% | 1.10% | +4.40% |
Volatility
ISD vs. PDBZX - Volatility Comparison
PGIM High Yield Bond Fund (ISD) has a higher volatility of 2.88% compared to PGIM Total Return Bond Fund Class Z (PDBZX) at 1.10%. This indicates that ISD's price experiences larger fluctuations and is considered to be riskier 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
| ISD | PDBZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.88% | 1.10% | +1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 9.76% | 3.43% | +6.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.25% | 4.24% | +7.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.36% | 6.05% | +7.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.58% | 5.38% | +9.20% |
ISD vs. PDBZX - Expense Ratio Comparison
ISD has a 0.02% expense ratio, which is lower than PDBZX's 0.49% expense ratio.
Dividends
ISD vs. PDBZX - Dividend Comparison
ISD's dividend yield for the trailing twelve months is around 9.89%, more than PDBZX's 4.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISD PGIM High Yield Bond Fund | 9.89% | 8.71% | 9.21% | 10.23% | 10.61% | 7.85% | 8.40% | 7.86% | 7.89% | 8.46% | 8.28% | 9.64% |
PDBZX PGIM Total Return Bond Fund Class Z | 4.58% | 4.54% | 4.79% | 4.60% | 5.73% | 2.73% | 2.94% | 10.36% | 4.01% | 2.87% | 3.92% | 3.33% |
Frequently Asked Questions
ISD and PDBZX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISD has higher volatility (2.88%) compared to PDBZX (1.10%). In terms of maximum drawdown, ISD dropped -38.88% vs PDBZX's -20.88%.
PDBZX currently has the higher Sharpe Ratio (1.22 vs -0.12), 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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