Correlation
The correlation between PADZX and AGG is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
PADZX vs. AGG
Compare and contrast key facts about PGIM Absolute Return Bond Fund (PADZX) and iShares Core U.S. Aggregate Bond ETF (AGG).
PADZX is managed by PGIM Investments. It was launched on Mar 29, 2011. AGG is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Sep 22, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PADZX or AGG.
Performance
PADZX vs. AGG - Performance Comparison
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Key characteristics
PADZX:
2.62
AGG:
1.11
PADZX:
5.65
AGG:
1.61
PADZX:
2.01
AGG:
1.19
PADZX:
5.55
AGG:
0.49
PADZX:
19.29
AGG:
2.78
PADZX:
0.28%
AGG:
2.15%
PADZX:
2.10%
AGG:
5.39%
PADZX:
-17.98%
AGG:
-18.43%
PADZX:
-0.04%
AGG:
-6.61%
Returns By Period
In the year-to-date period, PADZX achieves a 1.06% return, which is significantly lower than AGG's 2.55% return. Over the past 10 years, PADZX has outperformed AGG with an annualized return of 3.61%, while AGG has yielded a comparatively lower 1.57% annualized return.
PADZX
1.06%
0.11%
1.64%
4.82%
5.82%
5.30%
3.61%
AGG
2.55%
-0.34%
0.82%
5.56%
1.52%
-0.92%
1.57%
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PADZX vs. AGG - Expense Ratio Comparison
PADZX has a 0.72% expense ratio, which is higher than AGG's 0.05% expense ratio.
Risk-Adjusted Performance
PADZX vs. AGG — Risk-Adjusted Performance Rank
PADZX
AGG
PADZX vs. AGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Absolute Return Bond Fund (PADZX) and iShares Core U.S. Aggregate Bond ETF (AGG). 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.
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Dividends
PADZX vs. AGG - Dividend Comparison
PADZX's dividend yield for the trailing twelve months is around 4.82%, more than AGG's 3.81% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PADZX PGIM Absolute Return Bond Fund | 4.82% | 5.64% | 5.58% | 3.31% | 2.66% | 3.41% | 7.65% | 5.03% | 2.75% | 2.35% | 2.39% | 3.49% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.81% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% |
Drawdowns
PADZX vs. AGG - Drawdown Comparison
The maximum PADZX drawdown since its inception was -17.98%, roughly equal to the maximum AGG drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for PADZX and AGG.
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Volatility
PADZX vs. AGG - Volatility Comparison
The current volatility for PGIM Absolute Return Bond Fund (PADZX) is 0.27%, while iShares Core U.S. Aggregate Bond ETF (AGG) has a volatility of 1.53%. This indicates that PADZX experiences smaller price fluctuations and is considered to be less risky than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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