PDBAX vs. DBLTX
PDBAX (PGIM Total Return Bond Fund) and DBLTX (DoubleLine Total Return Bond Fund Class I) are both mutual funds - PDBAX is a Intermediate Core-Plus Bond fund managed by PGIM, while DBLTX is a Total Bond Market fund managed by DoubleLine. Over the past 10 years, PDBAX returned 2.43%/yr vs 1.78%/yr for DBLTX. Their correlation of 0.82 suggests significant overlap in exposure. PDBAX charges 0.76%/yr vs 0.50%/yr for DBLTX.
Performance
PDBAX vs. DBLTX - Performance Comparison
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Returns By Period
In the year-to-date period, PDBAX achieves a 0.53% return, which is significantly higher than DBLTX's 0.13% return. Over the past 10 years, PDBAX has outperformed DBLTX with an annualized return of 2.43%, while DBLTX has yielded a comparatively lower 1.78% annualized return.
PDBAX
- 1D
- 0.25%
- 1M
- 1.06%
- YTD
- 0.53%
- 6M
- 1.05%
- 1Y
- 5.33%
- 3Y*
- 4.50%
- 5Y*
- 0.07%
- 10Y*
- 2.43%
DBLTX
- 1D
- 0.23%
- 1M
- 0.74%
- YTD
- 0.13%
- 6M
- 0.34%
- 1Y
- 4.57%
- 3Y*
- 4.62%
- 5Y*
- 0.57%
- 10Y*
- 1.78%
PDBAX vs. DBLTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PDBAX PGIM Total Return Bond Fund | 0.53% | 7.50% | 1.82% | 6.51% | -14.52% | -1.77% | 7.78% | 14.71% | -0.97% | 6.30% |
DBLTX DoubleLine Total Return Bond Fund Class I | 0.13% | 8.05% | 3.08% | 5.34% | -12.56% | 0.24% | 4.13% | 5.81% | 1.76% | 3.80% |
Correlation
The correlation between PDBAX and DBLTX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2010 | 0.83 |
The correlation between PDBAX and DBLTX shifts across timeframes, from 0.82 (all time) to 0.93 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
PDBAX vs. DBLTX — Risk / Return Rank
PDBAX
DBLTX
PDBAX vs. DBLTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Total Return Bond Fund (PDBAX) and DoubleLine Total Return Bond Fund Class I (DBLTX). 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 | DBLTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.23 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 1.49 | +0.26 |
| Martin ratioReturn relative to average drawdown | 4.86 | 4.17 | +0.69 |
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Drawdowns
PDBAX vs. DBLTX - Drawdown Comparison
The maximum PDBAX drawdown since its inception was -21.24%, which is greater than DBLTX's maximum drawdown of -16.49%. Use the drawdown chart below to compare losses from any high point for PDBAX and DBLTX.
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Drawdown Indicators
| PDBAX | DBLTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.24% | -16.49% | -4.75% |
Max Drawdown (1Y)Largest decline over 1 year | -3.07% | -3.17% | +0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -5.99% | -6.59% | +0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -21.01% | -16.49% | -4.52% |
Max Drawdown (10Y)Largest decline over 10 years | -21.24% | -16.49% | -4.75% |
Current DrawdownCurrent decline from peak | -1.59% | -1.89% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -2.37% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 1.13% | -0.03% |
Volatility
PDBAX vs. DBLTX - Volatility Comparison
PGIM Total Return Bond Fund (PDBAX) has a higher volatility of 1.96% compared to DoubleLine Total Return Bond Fund Class I (DBLTX) at 1.18%. This indicates that PDBAX's price experiences larger fluctuations and is considered to be riskier than DBLTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDBAX | DBLTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 1.18% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 3.39% | 2.84% | +0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.35% | 3.79% | +0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.05% | 5.60% | +0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.36% | 4.41% | +0.95% |
PDBAX vs. DBLTX - Expense Ratio Comparison
PDBAX has a 0.76% expense ratio, which is higher than DBLTX's 0.50% expense ratio.
Dividends
PDBAX vs. DBLTX - Dividend Comparison
PDBAX's dividend yield for the trailing twelve months is around 4.31%, less than DBLTX's 4.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBLTX DoubleLine Total Return Bond Fund Class I | 4.88% | 4.86% | 5.03% | 4.35% | 3.86% | 3.12% | 3.39% | 3.66% | 3.74% | 3.65% | 3.72% | 4.11% |
PDBAX PGIM Total Return Bond Fund | 4.31% | 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 DBLTX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDBAX has higher volatility (1.96%) compared to DBLTX (1.18%). In terms of maximum drawdown, PDBAX dropped -21.24% vs DBLTX's -16.49%.
DBLTX currently has the higher Sharpe Ratio (1.24 vs 1.23), 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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