NTBIX vs. PADZX
NTBIX (Navigator Tactical Fixed Income Fund) and PADZX (PGIM Absolute Return Bond Fund) are both Nontraditional Bonds funds. Over the past 10 years, NTBIX returned 4.41%/yr vs 4.31%/yr for PADZX. At a 0.10 correlation, their price movements are largely independent. NTBIX charges 0.95%/yr vs 0.72%/yr for PADZX.
Performance
NTBIX vs. PADZX - Performance Comparison
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Returns By Period
In the year-to-date period, NTBIX achieves a 1.48% return, which is significantly lower than PADZX's 2.18% return. Both investments have delivered pretty close results over the past 10 years, with NTBIX having a 4.41% annualized return and PADZX not far behind at 4.31%.
NTBIX
- 1D
- 0.10%
- 1M
- 0.10%
- YTD
- 1.48%
- 6M
- 1.48%
- 1Y
- 5.56%
- 3Y*
- 5.84%
- 5Y*
- 2.81%
- 10Y*
- 4.41%
PADZX
- 1D
- -0.11%
- 1M
- 0.29%
- YTD
- 2.18%
- 6M
- 2.67%
- 1Y
- 5.57%
- 3Y*
- 6.29%
- 5Y*
- 3.90%
- 10Y*
- 4.31%
NTBIX vs. PADZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NTBIX Navigator Tactical Fixed Income Fund | 1.48% | 2.98% | 7.67% | 10.57% | -8.71% | 4.28% | 8.96% | 7.82% | 0.15% | 3.29% |
PADZX PGIM Absolute Return Bond Fund | 2.18% | 5.10% | 7.48% | 6.11% | -1.55% | 1.87% | 0.59% | 11.10% | 0.71% | 6.67% |
Correlation
The correlation between NTBIX and PADZX is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.10 |
The correlation between NTBIX and PADZX shifts across timeframes, from -0.08 (5 years) to 0.27 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NTBIX vs. PADZX — Risk / Return Rank
NTBIX
PADZX
NTBIX vs. PADZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Navigator Tactical Fixed Income Fund (NTBIX) and PGIM Absolute Return Bond Fund (PADZX). 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.
| NTBIX | PADZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.97 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 2.65 | -1.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | 6.61 | -3.90 |
| Martin ratioReturn relative to average drawdown | 12.78 | 23.84 | -11.06 |
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Drawdowns
NTBIX vs. PADZX - Drawdown Comparison
The maximum NTBIX drawdown since its inception was -11.44%, smaller than the maximum PADZX drawdown of -17.99%. Use the drawdown chart below to compare losses from any high point for NTBIX and PADZX.
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Drawdown Indicators
| NTBIX | PADZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.44% | -17.99% | +6.55% |
Max Drawdown (1Y)Largest decline over 1 year | -2.06% | -0.86% | -1.20% |
Max Drawdown (3Y)Largest decline over 3 years | -5.39% | -0.98% | -4.41% |
Max Drawdown (5Y)Largest decline over 5 years | -11.44% | -4.05% | -7.39% |
Max Drawdown (10Y)Largest decline over 10 years | -11.44% | -17.99% | +6.55% |
Current DrawdownCurrent decline from peak | -0.31% | -0.86% | +0.55% |
Average DrawdownAverage peak-to-trough decline | -1.76% | -0.95% | -0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 0.24% | +0.20% |
Volatility
NTBIX vs. PADZX - Volatility Comparison
The current volatility for Navigator Tactical Fixed Income Fund (NTBIX) is 0.94%, while PGIM Absolute Return Bond Fund (PADZX) has a volatility of 1.44%. This indicates that NTBIX experiences smaller price fluctuations and is considered to be less risky than PADZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NTBIX | PADZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 1.44% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 2.31% | 1.80% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.84% | 2.11% | +0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.76% | 2.16% | +2.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.04% | 3.15% | +1.89% |
NTBIX vs. PADZX - Expense Ratio Comparison
NTBIX has a 0.95% expense ratio, which is higher than PADZX's 0.72% expense ratio.
Dividends
NTBIX vs. PADZX - Dividend Comparison
NTBIX's dividend yield for the trailing twelve months is around 4.54%, less than PADZX's 5.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NTBIX Navigator Tactical Fixed Income Fund | 4.54% | 5.02% | 6.33% | 5.49% | 2.37% | 6.72% | 5.68% | 2.36% | 3.01% | 4.35% | 6.20% | 2.61% |
PADZX PGIM Absolute Return Bond Fund | 5.08% | 5.07% | 5.18% | 4.09% | 2.89% | 2.40% | 3.41% | 10.79% | 5.02% | 2.75% | 2.36% | 2.38% |
Frequently Asked Questions
NTBIX and PADZX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PADZX has higher volatility (1.44%) compared to NTBIX (0.94%). In terms of maximum drawdown, NTBIX dropped -11.44% vs PADZX's -17.99%.
PADZX currently has the higher Sharpe Ratio (2.71 vs 1.98), 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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