PDAHX vs. FAELX

Last updated Aug 5, 2026

PDAHX (Prudential Day One Income Fund) and FAELX (Connecticut Higher Education Trust 529 College Savings Plan - CT 529 Moderate Growth Portfolio Fund) are both Target Retirement Date funds. Over the past year, PDAHX returned 9.46% vs 15.73% for FAELX. Their 0.69 correlation means they have sometimes moved together and sometimes differently. PDAHX charges 0.16%/yr vs 0.50%/yr for FAELX.

Performance

PDAHX vs. FAELX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Prudential Day One Income Fund (PDAHX) and Connecticut Higher Education Trust 529 College Savings Plan - CT 529 Moderate Growth Portfolio Fund (FAELX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PDAHX achieves a 5.23% return, which is significantly lower than FAELX's 8.67% 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%

FAELX

• 1D: 0.96%
• 1M: 0.14%
• 6M: 5.64%
• YTD: 8.67%
• 1Y: 15.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.62%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FAELX Connecticut Higher Education Trust 529 College Savings Plan - CT 529 Moderate Growth Portfolio Fund	$0.00	$0.00	$0.00
PDAHX Prudential Day One Income Fund	$0.00	$0.00	$0.00

PDAHX vs. FAELX - Yearly Performance Comparison

	2026 (YTD)	2025
PDAHX Prudential Day One Income Fund	5.23%	10.48%
FAELX Connecticut Higher Education Trust 529 College Savings Plan - CT 529 Moderate Growth Portfolio Fund	8.67%	17.33%

Correlation

The correlation between PDAHX and FAELX is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.72
Correlation (All Time) Calculated using the full available price history since Jan 3, 2025	0.69

The correlation between PDAHX and FAELX has been stable across timeframes, ranging from 0.69 to 0.72 - a consistent structural relationship.

Return for Risk

PDAHX vs. FAELX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PDAHX

PDAHX Risk / Return Rank: 85
PDAHX Sharpe Ratio Rank: 87
PDAHX Sortino Ratio Rank: 85
PDAHX Omega Ratio Rank: 84
PDAHX Calmar Ratio Rank: 81
PDAHX Martin Ratio Rank: 90

FAELX

FAELX Risk / Return Rank: 59
FAELX Sharpe Ratio Rank: 56
FAELX Sortino Ratio Rank: 59
FAELX Omega Ratio Rank: 52
FAELX Calmar Ratio Rank: 61
FAELX Martin Ratio Rank: 68

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PDAHX vs. FAELX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Prudential Day One Income Fund (PDAHX) and Connecticut Higher Education Trust 529 College Savings Plan - CT 529 Moderate Growth Portfolio Fund (FAELX). 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	FAELX	Difference
Sharpe ratio: Return per unit of total volatility	2.16	1.67	+0.49
Sortino ratio: Return per unit of downside risk	3.10	2.44	+0.66
Omega ratio: Gain probability vs. loss probability	1.41	1.30	+0.11
Calmar ratio: Return relative to maximum drawdown	2.86	2.41	+0.45
Martin ratio: Return relative to average drawdown	13.04	9.89	+3.15

PDAHX vs. FAELX - Sharpe Ratio Comparison

The current PDAHX Sharpe Ratio is 2.16, which is comparable to the FAELX Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of PDAHX and FAELX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PDAHX vs. FAELX - Drawdown Comparison

The maximum PDAHX drawdown since its inception was -15.65%, which is greater than FAELX's maximum drawdown of -11.54%. Use the drawdown chart below to compare losses from any high point for PDAHX and FAELX.

Drawdown Indicators

	PDAHX	FAELX	Difference
Max Drawdown Largest peak-to-trough decline	-15.65%	-11.54%	-4.11%
Max Drawdown (1Y) Largest decline over 1 year	-3.51%	-7.76%	+4.25%
Max Drawdown (3Y) Largest decline over 3 years	-5.08%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.65%	—	—
Current Drawdown Current decline from peak	-0.18%	-0.94%	+0.76%
Average Drawdown Average peak-to-trough decline	-2.63%	-1.45%	-1.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.77%	1.78%	-1.01%

Volatility

PDAHX vs. FAELX - Volatility Comparison

The current volatility for Prudential Day One Income Fund (PDAHX) is 1.17%, while Connecticut Higher Education Trust 529 College Savings Plan - CT 529 Moderate Growth Portfolio Fund (FAELX) has a volatility of 3.40%. This indicates that PDAHX experiences smaller price fluctuations and is considered to be less risky than FAELX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PDAHX	FAELX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.17%	3.40%	-2.23%
Volatility (6M) Calculated over the trailing 6-month period	3.78%	9.39%	-5.61%
Volatility (1Y) Calculated over the trailing 1-year period	4.65%	11.24%	-6.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.58%	13.09%	-6.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.36%	13.09%	-6.73%

PDAHX vs. FAELX - Expense Ratio Comparison

PDAHX has a 0.16% expense ratio, which is lower than FAELX's 0.50% expense ratio.

Dividends

PDAHX vs. FAELX - Dividend Comparison

PDAHX's dividend yield for the trailing twelve months is around 4.84%, while FAELX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FAELX Connecticut Higher Education Trust 529 College Savings Plan - CT 529 Moderate Growth Portfolio Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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%

Frequently Asked Questions

Can I hold both PDAHX and FAELX in my portfolio?

PDAHX and FAELX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PDAHX or FAELX?

FAELX has higher volatility (3.40%) compared to PDAHX (1.17%). In terms of maximum drawdown, PDAHX dropped -15.65% vs FAELX's -11.54%.

Which has better risk-adjusted returns?

PDAHX currently has the higher Sharpe Ratio (2.16 vs 1.67), 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.