PADZX vs. NTIIX
Compare and contrast key facts about PGIM Absolute Return Bond Fund (PADZX) and Navigator Tactical Investment Grade Bond Fund (NTIIX).
PADZX is managed by PGIM. It was launched on Mar 29, 2011. NTIIX is managed by Navigator Funds. It was launched on Aug 30, 2021.
Performance
PADZX vs. NTIIX - Performance Comparison
Loading graphics...
PADZX vs. NTIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PADZX PGIM Absolute Return Bond Fund | 0.36% | 5.10% | 7.48% | 6.11% | -1.55% | -0.06% |
NTIIX Navigator Tactical Investment Grade Bond Fund | -1.45% | 2.16% | -0.85% | 9.79% | -6.51% | -2.29% |
Returns By Period
In the year-to-date period, PADZX achieves a 0.36% return, which is significantly higher than NTIIX's -1.45% return.
PADZX
- 1D
- 0.00%
- 1M
- -0.54%
- YTD
- 0.36%
- 6M
- 1.62%
- 1Y
- 4.44%
- 3Y*
- 6.11%
- 5Y*
- 3.89%
- 10Y*
- 4.26%
NTIIX
- 1D
- 0.00%
- 1M
- -2.23%
- YTD
- -1.45%
- 6M
- -1.19%
- 1Y
- -0.10%
- 3Y*
- 2.83%
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PADZX vs. NTIIX - Expense Ratio Comparison
PADZX has a 0.72% expense ratio, which is lower than NTIIX's 1.01% expense ratio.
Return for Risk
PADZX vs. NTIIX — Risk / Return Rank
PADZX
NTIIX
PADZX vs. NTIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Absolute Return Bond Fund (PADZX) and Navigator Tactical Investment Grade Bond Fund (NTIIX). 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 | NTIIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.52 | 0.10 | +2.43 |
Sortino ratioReturn per unit of downside risk | 5.56 | 0.16 | +5.40 |
Omega ratioGain probability vs. loss probability | 2.25 | 1.02 | +1.23 |
Calmar ratioReturn relative to maximum drawdown | 4.98 | 0.10 | +4.89 |
Martin ratioReturn relative to average drawdown | 18.39 | 0.24 | +18.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PADZX | NTIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.52 | 0.10 | +2.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.89 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.37 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.17 | 0.01 | +1.17 |
Correlation
The correlation between PADZX and NTIIX is -0.11. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
PADZX vs. NTIIX - Dividend Comparison
PADZX's dividend yield for the trailing twelve months is around 4.68%, more than NTIIX's 4.30% 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% |
NTIIX Navigator Tactical Investment Grade Bond Fund | 4.30% | 4.07% | 4.24% | 3.85% | 1.63% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PADZX vs. NTIIX - Drawdown Comparison
The maximum PADZX drawdown since its inception was -17.99%, which is greater than NTIIX's maximum drawdown of -12.35%. Use the drawdown chart below to compare losses from any high point for PADZX and NTIIX.
Loading graphics...
Drawdown Indicators
| PADZX | NTIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.99% | -12.35% | -5.64% |
Max Drawdown (1Y)Largest decline over 1 year | -0.87% | -4.77% | +3.90% |
Max Drawdown (5Y)Largest decline over 5 years | -4.05% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -17.99% | — | — |
Current DrawdownCurrent decline from peak | -0.65% | -4.03% | +3.38% |
Average DrawdownAverage peak-to-trough decline | -0.96% | -5.21% | +4.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.27% | 1.91% | -1.64% |
Volatility
PADZX vs. NTIIX - Volatility Comparison
The current volatility for PGIM Absolute Return Bond Fund (PADZX) is 0.35%, while Navigator Tactical Investment Grade Bond Fund (NTIIX) has a volatility of 1.90%. This indicates that PADZX experiences smaller price fluctuations and is considered to be less risky than NTIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PADZX | NTIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.35% | 1.90% | -1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 1.16% | 2.88% | -1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.80% | 4.76% | -2.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.06% | 5.08% | -3.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.13% | 5.08% | -1.95% |