PADZX vs. AGZD
Compare and contrast key facts about PGIM Absolute Return Bond Fund (PADZX) and WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD).
PADZX is managed by PGIM Investments. It was launched on Mar 29, 2011. AGZD is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration. It was launched on Dec 18, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PADZX or AGZD.
Correlation
The correlation between PADZX and AGZD is 0.15, 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.
Performance
PADZX vs. AGZD - Performance Comparison
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Key characteristics
PADZX:
2.39
AGZD:
1.01
PADZX:
4.94
AGZD:
1.51
PADZX:
1.86
AGZD:
1.18
PADZX:
4.89
AGZD:
2.71
PADZX:
15.89
AGZD:
9.28
PADZX:
0.30%
AGZD:
0.50%
PADZX:
2.07%
AGZD:
4.63%
PADZX:
-19.36%
AGZD:
-8.45%
PADZX:
-0.65%
AGZD:
-0.46%
Returns By Period
In the year-to-date period, PADZX achieves a 0.44% return, which is significantly lower than AGZD's 0.47% return. Over the past 10 years, PADZX has outperformed AGZD with an annualized return of 3.26%, while AGZD has yielded a comparatively lower 2.61% annualized return.
PADZX
0.44%
0.33%
1.48%
4.80%
5.88%
3.26%
AGZD
0.47%
0.50%
1.12%
4.32%
3.76%
2.61%
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PADZX vs. AGZD - Expense Ratio Comparison
PADZX has a 0.72% expense ratio, which is higher than AGZD's 0.23% expense ratio.
Risk-Adjusted Performance
PADZX vs. AGZD — Risk-Adjusted Performance Rank
PADZX
AGZD
PADZX vs. AGZD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Absolute Return Bond Fund (PADZX) and WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD). 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. AGZD - Dividend Comparison
PADZX's dividend yield for the trailing twelve months is around 4.92%, more than AGZD's 4.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PADZX PGIM Absolute Return Bond Fund | 4.92% | 5.64% | 5.58% | 3.31% | 2.66% | 3.41% | 4.50% | 5.03% | 2.75% | 2.35% | 2.39% | 3.49% |
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 4.15% | 3.96% | 6.07% | 8.61% | 1.66% | 2.28% | 2.83% | 2.62% | 2.35% | 1.81% | 1.66% | 1.69% |
Drawdowns
PADZX vs. AGZD - Drawdown Comparison
The maximum PADZX drawdown since its inception was -19.36%, which is greater than AGZD's maximum drawdown of -8.45%. Use the drawdown chart below to compare losses from any high point for PADZX and AGZD. For additional features, visit the drawdowns tool.
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Volatility
PADZX vs. AGZD - Volatility Comparison
The current volatility for PGIM Absolute Return Bond Fund (PADZX) is 0.41%, while WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) has a volatility of 1.44%. This indicates that PADZX experiences smaller price fluctuations and is considered to be less risky than AGZD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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