MCFIX vs. PDBZX
Compare and contrast key facts about Mercer Core Fixed Income Fund (MCFIX) and PGIM Total Return Bond Fund Class Z (PDBZX).
MCFIX is managed by Mercer Funds. It was launched on Aug 15, 2005. PDBZX is managed by PGIM. It was launched on Jan 14, 1997.
Performance
MCFIX vs. PDBZX - Performance Comparison
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MCFIX vs. PDBZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MCFIX Mercer Core Fixed Income Fund | -1.10% | 6.64% | 2.02% | 6.47% | -13.69% | -1.05% | 4.75% | 3.31% |
PDBZX PGIM Total Return Bond Fund Class Z | -0.53% | 7.70% | 2.87% | 7.70% | -14.33% | -1.46% | 8.01% | 10.81% |
Returns By Period
In the year-to-date period, MCFIX achieves a -1.10% return, which is significantly lower than PDBZX's -0.53% return.
MCFIX
- 1D
- 0.45%
- 1M
- -2.54%
- YTD
- -1.10%
- 6M
- -0.59%
- 1Y
- 2.65%
- 3Y*
- 3.54%
- 5Y*
- 0.20%
- 10Y*
- —
PDBZX
- 1D
- 0.50%
- 1M
- -2.52%
- YTD
- -0.53%
- 6M
- 0.58%
- 1Y
- 4.25%
- 3Y*
- 4.79%
- 5Y*
- 1.00%
- 10Y*
- 2.93%
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MCFIX vs. PDBZX - Expense Ratio Comparison
MCFIX has a 0.16% expense ratio, which is lower than PDBZX's 0.49% expense ratio.
Return for Risk
MCFIX vs. PDBZX — Risk / Return Rank
MCFIX
PDBZX
MCFIX vs. PDBZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mercer Core Fixed Income Fund (MCFIX) 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.
| MCFIX | PDBZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.82 | 1.04 | -0.22 |
Sortino ratioReturn per unit of downside risk | 1.20 | 1.48 | -0.28 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.18 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.46 | 1.75 | -0.29 |
Martin ratioReturn relative to average drawdown | 4.26 | 5.12 | -0.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MCFIX | PDBZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 1.04 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | 0.17 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 1.09 | -0.95 |
Correlation
The correlation between MCFIX and PDBZX is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MCFIX vs. PDBZX - Dividend Comparison
MCFIX's dividend yield for the trailing twelve months is around 4.31%, more than PDBZX's 4.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCFIX Mercer Core Fixed Income Fund | 4.31% | 3.89% | 4.54% | 3.68% | 3.31% | 2.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PDBZX PGIM Total Return Bond Fund Class Z | 4.19% | 4.54% | 4.79% | 4.60% | 5.73% | 2.73% | 2.94% | 10.36% | 4.01% | 2.87% | 3.92% | 3.33% |
Drawdowns
MCFIX vs. PDBZX - Drawdown Comparison
The maximum MCFIX drawdown since its inception was -21.68%, roughly equal to the maximum PDBZX drawdown of -20.88%. Use the drawdown chart below to compare losses from any high point for MCFIX and PDBZX.
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Drawdown Indicators
| MCFIX | PDBZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.68% | -20.88% | -0.80% |
Max Drawdown (1Y)Largest decline over 1 year | -3.09% | -3.06% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -18.72% | -20.81% | +2.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.88% | — |
Current DrawdownCurrent decline from peak | -6.08% | -2.52% | -3.56% |
Average DrawdownAverage peak-to-trough decline | -8.61% | -2.31% | -6.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 1.05% | +0.01% |
Volatility
MCFIX vs. PDBZX - Volatility Comparison
The current volatility for Mercer Core Fixed Income Fund (MCFIX) is 1.54%, while PGIM Total Return Bond Fund Class Z (PDBZX) has a volatility of 1.72%. This indicates that MCFIX experiences smaller price fluctuations and is considered to be less risky 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
| MCFIX | PDBZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 1.72% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 2.71% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.82% | 4.59% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.01% | 6.00% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.16% | 5.34% | +0.82% |