PDBAX vs. FBNDX
Compare and contrast key facts about PGIM Total Return Bond Fund (PDBAX) and Fidelity Investment Grade Bond Fund (FBNDX).
PDBAX is managed by PGIM Investments. It was launched on Jan 10, 1995. FBNDX is managed by Fidelity. It was launched on Aug 6, 1971.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PDBAX or FBNDX.
Key characteristics
| PDBAX | FBNDX | |
|---|---|---|
| YTD Return | 3.37% | 2.94% |
| 1Y Return | 10.67% | 9.47% |
| 3Y Return (Ann) | -2.17% | -2.05% |
| 5Y Return (Ann) | -0.43% | 0.22% |
| 10Y Return (Ann) | 1.59% | 1.75% |
| Sharpe Ratio | 1.72 | 1.37 |
| Sortino Ratio | 2.50 | 2.04 |
| Omega Ratio | 1.31 | 1.25 |
| Calmar Ratio | 0.60 | 0.50 |
| Martin Ratio | 6.85 | 4.79 |
| Ulcer Index | 1.43% | 1.68% |
| Daily Std Dev | 5.70% | 5.98% |
| Max Drawdown | -20.62% | -20.16% |
| Current Drawdown | -7.27% | -8.80% |
Correlation
The correlation between PDBAX and FBNDX is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PDBAX vs. FBNDX - Performance Comparison
In the year-to-date period, PDBAX achieves a 3.37% return, which is significantly higher than FBNDX's 2.94% return. Over the past 10 years, PDBAX has underperformed FBNDX with an annualized return of 1.59%, while FBNDX has yielded a comparatively higher 1.75% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PDBAX vs. FBNDX - Expense Ratio Comparison
PDBAX has a 0.76% expense ratio, which is higher than FBNDX's 0.45% expense ratio.
Risk-Adjusted Performance
PDBAX vs. FBNDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Total Return Bond Fund (PDBAX) and Fidelity Investment Grade Bond Fund (FBNDX). 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.
Dividends
PDBAX vs. FBNDX - Dividend Comparison
PDBAX's dividend yield for the trailing twelve months is around 4.47%, more than FBNDX's 3.89% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDBAX PGIM Total Return Bond Fund | 4.47% | 4.32% | 4.83% | 2.69% | 2.69% | 3.34% | 3.75% | 2.63% | 2.60% | 2.93% | 3.33% | 3.50% |
FBNDX Fidelity Investment Grade Bond Fund | 3.89% | 3.56% | 2.67% | 1.53% | 1.88% | 2.77% | 2.84% | 2.17% | 2.50% | 2.90% | 2.59% | 2.36% |
Drawdowns
PDBAX vs. FBNDX - Drawdown Comparison
The maximum PDBAX drawdown since its inception was -20.62%, roughly equal to the maximum FBNDX drawdown of -20.16%. Use the drawdown chart below to compare losses from any high point for PDBAX and FBNDX. For additional features, visit the drawdowns tool.
Volatility
PDBAX vs. FBNDX - Volatility Comparison
The current volatility for PGIM Total Return Bond Fund (PDBAX) is 1.59%, while Fidelity Investment Grade Bond Fund (FBNDX) has a volatility of 1.76%. This indicates that PDBAX experiences smaller price fluctuations and is considered to be less risky than FBNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.