PADZX vs. PDINX
Compare and contrast key facts about PGIM Absolute Return Bond Fund (PADZX) and Putnam Diversified Income Trust (PDINX).
PADZX is managed by PGIM. It was launched on Mar 29, 2011. PDINX is managed by Putnam. It was launched on Oct 2, 1988.
Performance
PADZX vs. PDINX - Performance Comparison
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PADZX vs. PDINX - 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% |
PDINX Putnam Diversified Income Trust | -0.07% | 7.48% | 5.92% | 4.55% | -4.00% | -6.94% | -0.25% | 12.27% | -1.38% | 6.53% |
Returns By Period
In the year-to-date period, PADZX achieves a 0.36% return, which is significantly higher than PDINX's -0.07% return. Over the past 10 years, PADZX has outperformed PDINX with an annualized return of 4.26%, while PDINX has yielded a comparatively lower 3.26% annualized 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%
PDINX
- 1D
- 0.20%
- 1M
- -1.37%
- YTD
- -0.07%
- 6M
- -0.26%
- 1Y
- 4.59%
- 3Y*
- 5.91%
- 5Y*
- 1.11%
- 10Y*
- 3.26%
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PADZX vs. PDINX - Expense Ratio Comparison
PADZX has a 0.72% expense ratio, which is lower than PDINX's 1.01% expense ratio.
Return for Risk
PADZX vs. PDINX — Risk / Return Rank
PADZX
PDINX
PADZX vs. PDINX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Absolute Return Bond Fund (PADZX) and Putnam Diversified Income Trust (PDINX). 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 | PDINX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.52 | 1.68 | +0.84 |
Sortino ratioReturn per unit of downside risk | 5.56 | 2.50 | +3.06 |
Omega ratioGain probability vs. loss probability | 2.25 | 1.36 | +0.90 |
Calmar ratioReturn relative to maximum drawdown | 4.98 | 2.67 | +2.32 |
Martin ratioReturn relative to average drawdown | 18.39 | 10.06 | +8.33 |
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 | PDINX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.52 | 1.68 | +0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.89 | 0.14 | +1.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.37 | 0.49 | +0.88 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.17 | 0.89 | +0.29 |
Correlation
The correlation between PADZX and PDINX is 0.25, 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. PDINX - Dividend Comparison
PADZX's dividend yield for the trailing twelve months is around 4.68%, more than PDINX's 4.11% 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% |
PDINX Putnam Diversified Income Trust | 4.11% | 5.17% | 18.88% | 6.35% | 4.59% | 3.71% | 3.75% | 4.17% | 5.35% | 5.61% | 5.35% | 4.89% |
Drawdowns
PADZX vs. PDINX - Drawdown Comparison
The maximum PADZX drawdown since its inception was -17.99%, smaller than the maximum PDINX drawdown of -43.44%. Use the drawdown chart below to compare losses from any high point for PADZX and PDINX.
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Drawdown Indicators
| PADZX | PDINX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.99% | -43.44% | +25.45% |
Max Drawdown (1Y)Largest decline over 1 year | -0.87% | -1.96% | +1.09% |
Max Drawdown (5Y)Largest decline over 5 years | -4.05% | -14.57% | +10.52% |
Max Drawdown (10Y)Largest decline over 10 years | -17.99% | -18.27% | +0.28% |
Current DrawdownCurrent decline from peak | -0.65% | -4.10% | +3.45% |
Average DrawdownAverage peak-to-trough decline | -0.96% | -3.55% | +2.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.27% | 0.52% | -0.25% |
Volatility
PADZX vs. PDINX - Volatility Comparison
The current volatility for PGIM Absolute Return Bond Fund (PADZX) is 0.35%, while Putnam Diversified Income Trust (PDINX) has a volatility of 1.13%. This indicates that PADZX experiences smaller price fluctuations and is considered to be less risky than PDINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PADZX | PDINX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.35% | 1.13% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 1.16% | 1.97% | -0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.80% | 3.00% | -1.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.06% | 8.07% | -6.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.13% | 6.70% | -3.57% |