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 Investments. It was launched on Mar 29, 2011. GSY is an actively managed fund by Invesco. It was launched on Feb 12, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PADZX or GSY.
Performance
PADZX vs. GSY - Performance Comparison
Returns By Period
In the year-to-date period, PADZX achieves a 6.97% return, which is significantly higher than GSY's 5.33% return. Over the past 10 years, PADZX has outperformed GSY with an annualized return of 3.13%, while GSY has yielded a comparatively lower 2.41% annualized return.
PADZX
6.97%
0.77%
3.37%
8.73%
2.88%
3.13%
GSY
5.33%
0.39%
3.07%
6.50%
2.70%
2.41%
Key characteristics
| PADZX | GSY | |
|---|---|---|
| Sharpe Ratio | 4.11 | 10.84 |
| Sortino Ratio | 10.60 | 27.23 |
| Omega Ratio | 2.91 | 6.20 |
| Calmar Ratio | 13.30 | 65.05 |
| Martin Ratio | 59.78 | 335.05 |
| Ulcer Index | 0.15% | 0.02% |
| Daily Std Dev | 2.12% | 0.60% |
| Max Drawdown | -19.36% | -12.14% |
| Current Drawdown | 0.00% | 0.00% |
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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.
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.
Risk-Adjusted Performance
PADZX vs. GSY - Risk-Adjusted Performance 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.
Dividends
PADZX vs. GSY - Dividend Comparison
PADZX's dividend yield for the trailing twelve months is around 5.76%, more than GSY's 5.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PADZX PGIM Absolute Return Bond Fund | 5.76% | 5.58% | 3.31% | 2.66% | 3.41% | 4.50% | 5.03% | 2.75% | 2.35% | 2.39% | 3.49% | 3.18% |
GSY Invesco Ultra Short Duration ETF | 5.70% | 4.95% | 1.70% | 0.58% | 1.60% | 2.91% | 2.42% | 2.02% | 1.30% | 1.17% | 1.29% | 1.15% |
Drawdowns
PADZX vs. GSY - Drawdown Comparison
The maximum PADZX drawdown since its inception was -19.36%, 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. For additional features, visit the drawdowns tool.
Volatility
PADZX vs. GSY - Volatility Comparison
PGIM Absolute Return Bond Fund (PADZX) has a higher volatility of 0.49% compared to Invesco Ultra Short Duration ETF (GSY) at 0.13%. 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.