PDBAX vs. AAIIX
PDBAX (PGIM Total Return Bond Fund) and AAIIX (Ancora Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, PDBAX returned 2.38%/yr vs 3.01%/yr for AAIIX. At a 0.24 correlation, their price movements are largely independent. PDBAX charges 0.76%/yr vs 2.20%/yr for AAIIX.
Performance
PDBAX vs. AAIIX - Performance Comparison
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Returns By Period
In the year-to-date period, PDBAX achieves a 0.20% return, which is significantly lower than AAIIX's 1.53% return. Over the past 10 years, PDBAX has underperformed AAIIX with an annualized return of 2.38%, while AAIIX has yielded a comparatively higher 3.01% annualized return.
PDBAX
- 1D
- -0.33%
- 1M
- 0.72%
- YTD
- 0.20%
- 6M
- 0.72%
- 1Y
- 4.72%
- 3Y*
- 4.36%
- 5Y*
- 0.08%
- 10Y*
- 2.38%
AAIIX
- 1D
- -0.42%
- 1M
- -0.49%
- YTD
- 1.53%
- 6M
- 1.60%
- 1Y
- 5.44%
- 3Y*
- 6.74%
- 5Y*
- 1.78%
- 10Y*
- 3.01%
PDBAX vs. AAIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PDBAX PGIM Total Return Bond Fund | 0.20% | 7.50% | 1.82% | 6.51% | -14.52% | -1.77% | 7.78% | 14.71% | -0.97% | 6.30% |
AAIIX Ancora Income Fund | 1.53% | 2.28% | 9.23% | 9.46% | -14.32% | 9.21% | 3.72% | 11.08% | -5.60% | 6.57% |
Correlation
The correlation between PDBAX and AAIIX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jan 8, 2004 | 0.24 |
The correlation between PDBAX and AAIIX shifts across timeframes, from 0.24 (all time) to 0.46 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
PDBAX vs. AAIIX — Risk / Return Rank
PDBAX
AAIIX
PDBAX vs. AAIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Total Return Bond Fund (PDBAX) and Ancora Income Fund (AAIIX). 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.
| PDBAX | AAIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.22 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 1.30 | +0.33 |
| Martin ratioReturn relative to average drawdown | 4.52 | 3.98 | +0.54 |
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Drawdowns
PDBAX vs. AAIIX - Drawdown Comparison
The maximum PDBAX drawdown since its inception was -21.24%, smaller than the maximum AAIIX drawdown of -98.01%. Use the drawdown chart below to compare losses from any high point for PDBAX and AAIIX.
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Drawdown Indicators
| PDBAX | AAIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.24% | -98.01% | +76.77% |
Max Drawdown (1Y)Largest decline over 1 year | -3.07% | -4.19% | +1.12% |
Max Drawdown (3Y)Largest decline over 3 years | -5.99% | -98.01% | +92.02% |
Max Drawdown (5Y)Largest decline over 5 years | -21.01% | -98.01% | +77.00% |
Max Drawdown (10Y)Largest decline over 10 years | -21.24% | -98.01% | +76.77% |
Current DrawdownCurrent decline from peak | -1.92% | -97.80% | +95.88% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -12.53% | +10.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 1.37% | -0.26% |
Volatility
PDBAX vs. AAIIX - Volatility Comparison
PGIM Total Return Bond Fund (PDBAX) has a higher volatility of 1.97% compared to Ancora Income Fund (AAIIX) at 1.26%. This indicates that PDBAX's price experiences larger fluctuations and is considered to be riskier than AAIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDBAX | AAIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.97% | 1.26% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 3.41% | 3.38% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 4.58% | -0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.05% | 2,046.08% | -2,040.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.36% | 1,446.22% | -1,440.86% |
PDBAX vs. AAIIX - Expense Ratio Comparison
PDBAX has a 0.76% expense ratio, which is lower than AAIIX's 2.20% expense ratio.
Dividends
PDBAX vs. AAIIX - Dividend Comparison
PDBAX's dividend yield for the trailing twelve months is around 4.32%, less than AAIIX's 5.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAIIX Ancora Income Fund | 5.24% | 4.09% | 4.57% | 4.77% | 4.52% | 4.46% | 5.68% | 3.96% | 4.36% | 5.69% | 6.40% | 6.99% |
PDBAX PGIM Total Return Bond Fund | 4.32% | 4.27% | 3.76% | 3.55% | 5.49% | 2.47% | 2.68% | 10.32% | 3.74% | 2.60% | 3.65% | 2.94% |
Frequently Asked Questions
PDBAX and AAIIX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDBAX has higher volatility (1.97%) compared to AAIIX (1.26%). In terms of maximum drawdown, PDBAX dropped -21.24% vs AAIIX's -98.01%.
AAIIX currently has the higher Sharpe Ratio (1.19 vs 1.15), 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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