PADZX vs. GSY
Compare and contrast key facts about PGIM Absolute Return Bond Fund (PADZX) and Invesco Ultra Short Duration ETF (GSY).
PADZX is managed by PGIM. It was launched on Mar 29, 2011. GSY is an actively managed fund by Invesco. It was launched on Feb 12, 2008.
Performance
PADZX vs. GSY - Performance Comparison
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PADZX vs. GSY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PADZX PGIM Absolute Return Bond Fund | 0.36% | 5.10% | 7.48% | 6.11% | -1.55% | 1.87% | 0.59% | 11.10% | 0.71% | 6.67% |
GSY Invesco Ultra Short Duration ETF | 0.80% | 4.96% | 5.95% | 5.99% | 0.01% | 0.03% | 1.88% | 3.39% | 2.18% | 1.86% |
Returns By Period
In the year-to-date period, PADZX achieves a 0.36% return, which is significantly lower than GSY's 0.80% return. Over the past 10 years, PADZX has outperformed GSY with an annualized return of 4.26%, while GSY has yielded a comparatively lower 2.84% annualized return.
PADZX
- 1D
- 0.00%
- 1M
- -0.65%
- YTD
- 0.36%
- 6M
- 1.62%
- 1Y
- 4.33%
- 3Y*
- 6.11%
- 5Y*
- 3.89%
- 10Y*
- 4.26%
GSY
- 1D
- 0.04%
- 1M
- 0.08%
- YTD
- 0.80%
- 6M
- 1.92%
- 1Y
- 4.52%
- 3Y*
- 5.49%
- 5Y*
- 3.51%
- 10Y*
- 2.84%
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PADZX vs. GSY - Expense Ratio Comparison
PADZX has a 0.72% expense ratio, which is higher than GSY's 0.22% expense ratio.
Return for Risk
PADZX vs. GSY — Risk / Return Rank
PADZX
GSY
PADZX vs. GSY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Absolute Return Bond Fund (PADZX) and Invesco Ultra Short Duration ETF (GSY). 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.
| PADZX | GSY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.73 | 10.64 | -7.91 |
Sortino ratioReturn per unit of downside risk | 6.27 | 24.03 | -17.76 |
Omega ratioGain probability vs. loss probability | 2.41 | 6.27 | -3.86 |
Calmar ratioReturn relative to maximum drawdown | 4.87 | 25.29 | -20.43 |
Martin ratioReturn relative to average drawdown | 18.18 | 176.75 | -158.57 |
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
| PADZX | GSY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.73 | 10.64 | -7.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.89 | 6.07 | -4.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.37 | 2.33 | -0.96 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.18 | 0.45 | +0.72 |
Correlation
The correlation between PADZX and GSY is 0.00, 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.
Dividends
PADZX vs. GSY - Dividend Comparison
PADZX's dividend yield for the trailing twelve months is around 4.68%, more than GSY's 4.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PADZX PGIM Absolute Return Bond Fund | 4.68% | 5.07% | 5.18% | 4.09% | 2.89% | 2.40% | 3.41% | 10.79% | 5.02% | 2.75% | 2.36% | 2.38% |
GSY Invesco Ultra Short Duration ETF | 4.43% | 4.56% | 5.31% | 4.95% | 1.70% | 0.58% | 1.45% | 2.71% | 2.30% | 1.80% | 1.21% | 1.17% |
Drawdowns
PADZX vs. GSY - Drawdown Comparison
The maximum PADZX drawdown since its inception was -17.99%, which is greater than GSY's maximum drawdown of -12.14%. Use the drawdown chart below to compare losses from any high point for PADZX and GSY.
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Drawdown Indicators
| PADZX | GSY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.99% | -12.14% | -5.85% |
Max Drawdown (1Y)Largest decline over 1 year | -0.87% | -0.18% | -0.69% |
Max Drawdown (5Y)Largest decline over 5 years | -4.05% | -1.48% | -2.57% |
Max Drawdown (10Y)Largest decline over 10 years | -17.99% | -5.25% | -12.74% |
Current DrawdownCurrent decline from peak | -0.65% | 0.00% | -0.65% |
Average DrawdownAverage peak-to-trough decline | -0.96% | -2.41% | +1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.26% | 0.03% | +0.23% |
Volatility
PADZX vs. GSY - Volatility Comparison
PGIM Absolute Return Bond Fund (PADZX) has a higher volatility of 0.36% compared to Invesco Ultra Short Duration ETF (GSY) at 0.15%. This indicates that PADZX's price experiences larger fluctuations and is considered to be riskier than GSY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PADZX | GSY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.36% | 0.15% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 1.16% | 0.28% | +0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.80% | 0.43% | +1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.07% | 0.58% | +1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.13% | 1.22% | +1.91% |