PDAHX vs. DRIQX
PDAHX (Prudential Day One Income Fund) and DRIQX (Dimensional 2015 Target Date Retirement Income Fund) are both Target Retirement Date funds. Over the past 5 years, PDAHX returned 4.27%/yr vs 1.90%/yr for DRIQX. Their correlation of 0.84 means they have usually moved in the same direction. PDAHX charges 0.16%/yr vs 0.17%/yr for DRIQX.
Performance
PDAHX vs. DRIQX - Performance Comparison
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Returns By Period
In the year-to-date period, PDAHX achieves a 5.23% return, which is significantly higher than DRIQX's 3.37% return.
PDAHX
- 1D
- 0.28%
- 1M
- 0.28%
- 6M
- 3.75%
- YTD
- 5.23%
- 1Y
- 9.46%
- 3Y*
- 9.33%
- 5Y*
- 4.27%
- 10Y*
- —
- ALL TIME*
- 5.69%
DRIQX
- 1D
- 0.26%
- 1M
- -0.09%
- 6M
- 2.19%
- YTD
- 3.37%
- 1Y
- 6.42%
- 3Y*
- 6.93%
- 5Y*
- 1.90%
- 10Y*
- 4.51%
- ALL TIME*
- 5.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PDAHX vs. DRIQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PDAHX Prudential Day One Income Fund | 5.23% | 10.37% | 8.27% | 8.89% | -11.69% | 9.21% | 8.22% | 13.58% | -3.26% | 8.25% |
DRIQX Dimensional 2015 Target Date Retirement Income Fund | 3.37% | 8.83% | 5.47% | 8.17% | -14.79% | 7.79% | 14.31% | 14.08% | -4.20% | 7.82% |
Correlation
The correlation between PDAHX and DRIQX is 0.92, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.92 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.84 |
The correlation between PDAHX and DRIQX has been stable across timeframes, ranging from 0.84 to 0.92 - a consistent structural relationship.
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Return for Risk
PDAHX vs. DRIQX — Risk / Return Rank
PDAHX
DRIQX
PDAHX vs. DRIQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Prudential Day One Income Fund (PDAHX) and Dimensional 2015 Target Date Retirement Income Fund (DRIQX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PDAHX | DRIQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.29 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.86 | 2.03 | +0.83 |
| Martin ratioReturn relative to average drawdown | 13.04 | 7.95 | +5.09 |
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Drawdowns
PDAHX vs. DRIQX - Drawdown Comparison
The maximum PDAHX drawdown since its inception was -15.65%, smaller than the maximum DRIQX drawdown of -19.86%. Use the drawdown chart below to compare losses from any high point for PDAHX and DRIQX.
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Drawdown Indicators
| PDAHX | DRIQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.65% | -19.86% | +4.21% |
Max Drawdown (1Y)Largest decline over 1 year | -3.51% | -3.47% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -5.08% | -5.12% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -15.65% | -19.86% | +4.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.86% | — |
Current DrawdownCurrent decline from peak | -0.18% | -0.96% | +0.78% |
Average DrawdownAverage peak-to-trough decline | -2.63% | -3.84% | +1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 0.88% | -0.11% |
Volatility
PDAHX vs. DRIQX - Volatility Comparison
Prudential Day One Income Fund (PDAHX) has a higher volatility of 1.17% compared to Dimensional 2015 Target Date Retirement Income Fund (DRIQX) at 1.11%. This indicates that PDAHX's price experiences larger fluctuations and is considered to be riskier than DRIQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDAHX | DRIQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 1.11% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.78% | 3.59% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.65% | 4.51% | +0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.58% | 7.07% | -0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.36% | 6.58% | -0.22% |
PDAHX vs. DRIQX - Expense Ratio Comparison
PDAHX has a 0.16% expense ratio, which is lower than DRIQX's 0.17% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
PDAHX vs. DRIQX - Dividend Comparison
PDAHX's dividend yield for the trailing twelve months is around 4.84%, less than DRIQX's 6.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DRIQX Dimensional 2015 Target Date Retirement Income Fund | 6.34% | 4.95% | 4.53% | 4.28% | 6.51% | 4.54% | 3.76% | 2.05% | 2.23% | 1.66% | 1.37% |
PDAHX Prudential Day One Income Fund | 4.84% | 4.92% | 7.35% | 3.54% | 7.78% | 7.72% | 2.22% | 4.25% | 3.70% | 1.88% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, PDAHX and DRIQX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
PDAHX has higher volatility (1.17%) compared to DRIQX (1.11%). In terms of maximum drawdown, PDAHX dropped -15.65% vs DRIQX's -19.86%.
PDAHX currently has the higher Sharpe Ratio (2.16 vs 1.56), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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