NTIIX vs. SCFZX
NTIIX (Navigator Tactical Investment Grade Bond Fund) and SCFZX (PGIM Securitized Credit Fund) are both Nontraditional Bonds funds. Over the past 3 years, NTIIX returned 3.45%/yr vs 7.57%/yr for SCFZX. At a correlation of -0.04, they often move in opposite directions. NTIIX charges 1.01%/yr vs 0.65%/yr for SCFZX.
Performance
NTIIX vs. SCFZX - Performance Comparison
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Returns By Period
In the year-to-date period, NTIIX achieves a -0.88% return, which is significantly lower than SCFZX's 2.28% return.
NTIIX
- 1D
- 0.00%
- 1M
- 0.12%
- YTD
- -0.88%
- 6M
- -0.66%
- 1Y
- 2.88%
- 3Y*
- 3.45%
- 5Y*
- —
- 10Y*
- —
SCFZX
- 1D
- 0.00%
- 1M
- 0.42%
- YTD
- 2.28%
- 6M
- 2.73%
- 1Y
- 6.11%
- 3Y*
- 7.57%
- 5Y*
- 5.28%
- 10Y*
- —
NTIIX vs. SCFZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NTIIX Navigator Tactical Investment Grade Bond Fund | -0.88% | 2.16% | -0.85% | 9.79% | -6.51% | -2.29% |
SCFZX PGIM Securitized Credit Fund | 2.28% | 5.75% | 9.41% | 8.67% | -0.84% | 0.66% |
Correlation
The correlation between NTIIX and SCFZX is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2021 | -0.04 |
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Return for Risk
NTIIX vs. SCFZX — Risk / Return Rank
NTIIX
SCFZX
NTIIX vs. SCFZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Navigator Tactical Investment Grade Bond Fund (NTIIX) and PGIM Securitized Credit Fund (SCFZX). 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.
| NTIIX | SCFZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.21 | ||
| Sortino ratioReturn per unit of downside risk | -17.79 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 7.34 | -6.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 19.66 | -18.70 |
| Martin ratioReturn relative to average drawdown | 2.23 | 69.67 | -67.44 |
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Drawdowns
NTIIX vs. SCFZX - Drawdown Comparison
The maximum NTIIX drawdown since its inception was -12.35%, smaller than the maximum SCFZX drawdown of -17.20%. Use the drawdown chart below to compare losses from any high point for NTIIX and SCFZX.
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Drawdown Indicators
| NTIIX | SCFZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.35% | -17.20% | +4.85% |
Max Drawdown (1Y)Largest decline over 1 year | -3.35% | -0.31% | -3.04% |
Max Drawdown (3Y)Largest decline over 3 years | -8.52% | -0.93% | -7.59% |
Max Drawdown (5Y)Largest decline over 5 years | — | -4.13% | — |
Current DrawdownCurrent decline from peak | -3.48% | 0.00% | -3.48% |
Average DrawdownAverage peak-to-trough decline | -5.14% | -1.06% | -4.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.45% | 0.09% | +1.36% |
Volatility
NTIIX vs. SCFZX - Volatility Comparison
The current volatility for Navigator Tactical Investment Grade Bond Fund (NTIIX) is 0.16%, while PGIM Securitized Credit Fund (SCFZX) has a volatility of 0.42%. This indicates that NTIIX experiences smaller price fluctuations and is considered to be less risky than SCFZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NTIIX | SCFZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.16% | 0.42% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 2.44% | 1.03% | +1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.79% | 1.49% | +2.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.96% | 1.90% | +3.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.96% | 3.33% | +1.63% |
NTIIX vs. SCFZX - Expense Ratio Comparison
NTIIX has a 1.01% expense ratio, which is higher than SCFZX's 0.65% expense ratio.
Dividends
NTIIX vs. SCFZX - Dividend Comparison
NTIIX's dividend yield for the trailing twelve months is around 4.27%, less than SCFZX's 5.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
NTIIX Navigator Tactical Investment Grade Bond Fund | 4.27% | 4.07% | 4.24% | 3.85% | 1.63% | 0.22% | 0.00% | 0.00% |
SCFZX PGIM Securitized Credit Fund | 5.08% | 5.25% | 6.55% | 5.58% | 4.97% | 2.56% | 3.08% | 2.43% |
Frequently Asked Questions
NTIIX and SCFZX have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCFZX has higher volatility (0.42%) compared to NTIIX (0.16%). In terms of maximum drawdown, NTIIX dropped -12.35% vs SCFZX's -17.20%.
SCFZX currently has the higher Sharpe Ratio (4.07 vs 0.86), 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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