PALDX vs. PDBZX
Compare and contrast key facts about PGIM 60/40 Allocation Fund (PALDX) and PGIM Total Return Bond Fund Class Z (PDBZX).
PALDX is managed by PGIM. It was launched on Sep 12, 2017. PDBZX is managed by PGIM. It was launched on Jan 14, 1997.
Performance
PALDX vs. PDBZX - Performance Comparison
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PALDX vs. PDBZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PALDX PGIM 60/40 Allocation Fund | -3.62% | 13.62% | 18.96% | 18.90% | -15.65% | 16.30% | 10.68% | 22.27% | -4.12% | 5.95% |
PDBZX PGIM Total Return Bond Fund Class Z | -0.53% | 7.70% | 2.87% | 7.70% | -14.33% | -1.46% | 8.01% | 14.76% | -0.72% | 1.09% |
Returns By Period
In the year-to-date period, PALDX achieves a -3.62% return, which is significantly lower than PDBZX's -0.53% return.
PALDX
- 1D
- -0.22%
- 1M
- -5.44%
- YTD
- -3.62%
- 6M
- -1.03%
- 1Y
- 12.43%
- 3Y*
- 13.72%
- 5Y*
- 7.99%
- 10Y*
- —
PDBZX
- 1D
- 0.50%
- 1M
- -2.52%
- YTD
- -0.53%
- 6M
- 0.58%
- 1Y
- 4.25%
- 3Y*
- 4.79%
- 5Y*
- 1.00%
- 10Y*
- 2.93%
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PALDX vs. PDBZX - Expense Ratio Comparison
PALDX has a 0.03% expense ratio, which is lower than PDBZX's 0.49% expense ratio.
Return for Risk
PALDX vs. PDBZX — Risk / Return Rank
PALDX
PDBZX
PALDX vs. PDBZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM 60/40 Allocation Fund (PALDX) and PGIM Total Return Bond Fund Class Z (PDBZX). 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.
| PALDX | PDBZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.12 | 1.04 | +0.08 |
Sortino ratioReturn per unit of downside risk | 1.65 | 1.48 | +0.17 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.18 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.42 | 1.75 | -0.33 |
Martin ratioReturn relative to average drawdown | 6.83 | 5.12 | +1.71 |
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
| PALDX | PDBZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 1.04 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.17 | +0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 1.09 | -0.38 |
Correlation
The correlation between PALDX and PDBZX is 0.19, 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
PALDX vs. PDBZX - Dividend Comparison
PALDX's dividend yield for the trailing twelve months is around 5.62%, more than PDBZX's 4.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PALDX PGIM 60/40 Allocation Fund | 5.62% | 5.42% | 10.40% | 2.94% | 6.19% | 6.87% | 2.58% | 4.58% | 3.65% | 1.48% | 0.00% | 0.00% |
PDBZX PGIM Total Return Bond Fund Class Z | 4.19% | 4.54% | 4.79% | 4.60% | 5.73% | 2.73% | 2.94% | 10.36% | 4.01% | 2.87% | 3.92% | 3.33% |
Drawdowns
PALDX vs. PDBZX - Drawdown Comparison
The maximum PALDX drawdown since its inception was -26.16%, which is greater than PDBZX's maximum drawdown of -20.88%. Use the drawdown chart below to compare losses from any high point for PALDX and PDBZX.
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Drawdown Indicators
| PALDX | PDBZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.16% | -20.88% | -5.28% |
Max Drawdown (1Y)Largest decline over 1 year | -8.20% | -3.06% | -5.14% |
Max Drawdown (5Y)Largest decline over 5 years | -20.47% | -20.81% | +0.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.88% | — |
Current DrawdownCurrent decline from peak | -5.96% | -2.52% | -3.44% |
Average DrawdownAverage peak-to-trough decline | -4.16% | -2.31% | -1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 1.05% | +0.65% |
Volatility
PALDX vs. PDBZX - Volatility Comparison
PGIM 60/40 Allocation Fund (PALDX) has a higher volatility of 3.05% compared to PGIM Total Return Bond Fund Class Z (PDBZX) at 1.72%. This indicates that PALDX's price experiences larger fluctuations and is considered to be riskier than PDBZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PALDX | PDBZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 1.72% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 5.86% | 2.71% | +3.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.52% | 4.59% | +6.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.08% | 6.00% | +6.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.75% | 5.34% | +7.41% |