ISD vs. PTRQX
ISD (PGIM High Yield Bond Fund) and PTRQX (PGIM Total Return Bond R6) are both mutual funds - ISD is a High Yield Bonds fund managed by PGIM, while PTRQX is a Intermediate Core-Plus Bond fund managed by PGIM. Over the past 10 years, ISD returned 6.86%/yr vs 2.33%/yr for PTRQX. At a 0.15 correlation, their price movements are largely independent. ISD charges 0.02%/yr vs 0.39%/yr for PTRQX.
Performance
ISD vs. PTRQX - 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 PTRQX's 0.31% return. Over the past 10 years, ISD has outperformed PTRQX with an annualized return of 6.86%, while PTRQX has yielded a comparatively lower 2.33% annualized 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%
PTRQX
- 1D
- -0.08%
- 1M
- -0.29%
- 6M
- 0.31%
- YTD
- 0.31%
- 1Y
- 4.82%
- 3Y*
- 5.53%
- 5Y*
- 0.54%
- 10Y*
- 2.33%
ISD vs. PTRQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISD PGIM High Yield Bond Fund | -7.57% | 15.63% | 22.05% | 15.05% | -18.42% | 15.72% | 6.66% | 28.41% | -5.03% | 3.59% |
PTRQX PGIM Total Return Bond R6 | 0.31% | 7.81% | 3.06% | 7.80% | -14.30% | -1.37% | 8.13% | 10.85% | -0.73% | 6.67% |
Correlation
The correlation between ISD and PTRQX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
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 PTRQX have become more correlated (0.38) than their long-term average of 0.15, meaning their price movements have been converging.
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Return for Risk
ISD vs. PTRQX — Risk / Return Rank
ISD
PTRQX
ISD vs. PTRQX - 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 R6 (PTRQX). 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 | PTRQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.62 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.19 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 1.40 | -1.48 |
| Martin ratioReturn relative to average drawdown | -0.20 | 3.95 | -4.15 |
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Drawdowns
ISD vs. PTRQX - Drawdown Comparison
The maximum ISD drawdown since its inception was -38.88%, which is greater than PTRQX's maximum drawdown of -20.72%. Use the drawdown chart below to compare losses from any high point for ISD and PTRQX.
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Drawdown Indicators
| ISD | PTRQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.88% | -20.72% | -18.16% |
Max Drawdown (1Y)Largest decline over 1 year | -13.52% | -3.08% | -10.44% |
Max Drawdown (3Y)Largest decline over 3 years | -13.94% | -5.47% | -8.47% |
Max Drawdown (5Y)Largest decline over 5 years | -25.45% | -20.69% | -4.76% |
Max Drawdown (10Y)Largest decline over 10 years | -38.88% | -20.72% | -18.16% |
Current DrawdownCurrent decline from peak | -9.54% | -1.71% | -7.83% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -3.28% | -2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.40% | 1.09% | +4.31% |
Volatility
ISD vs. PTRQX - Volatility Comparison
PGIM High Yield Bond Fund (ISD) has a higher volatility of 2.84% compared to PGIM Total Return Bond R6 (PTRQX) at 1.02%. This indicates that ISD's price experiences larger fluctuations and is considered to be riskier than PTRQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISD | PTRQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.84% | 1.02% | +1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 9.76% | 3.31% | +6.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.27% | 4.15% | +7.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.37% | 6.02% | +7.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.59% | 5.25% | +9.34% |
ISD vs. PTRQX - Expense Ratio Comparison
ISD has a 0.02% expense ratio, which is lower than PTRQX's 0.39% expense ratio.
Dividends
ISD vs. PTRQX - Dividend Comparison
ISD's dividend yield for the trailing twelve months is around 9.87%, more than PTRQX's 4.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PTRQX PGIM Total Return Bond R6 | 4.69% | 4.63% | 4.89% | 4.70% | 5.83% | 2.82% | 3.05% | 6.95% | 3.99% | 2.93% | 4.01% | 3.11% |
Frequently Asked Questions
ISD and PTRQX have a correlation of 0.38, 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 PTRQX (1.02%). In terms of maximum drawdown, ISD dropped -38.88% vs PTRQX's -20.72%.
PTRQX currently has the higher Sharpe Ratio (1.04 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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