PDBAX vs. PRCIX
Compare and contrast key facts about PGIM Total Return Bond Fund (PDBAX) and T. Rowe Price New Income Fund (PRCIX).
PDBAX is managed by PGIM Investments. It was launched on Jan 10, 1995. PRCIX is managed by T. Rowe Price. It was launched on Aug 31, 1973.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PDBAX or PRCIX.
Key characteristics
| PDBAX | PRCIX | |
|---|---|---|
| YTD Return | 3.29% | 1.98% |
| 1Y Return | 10.39% | 8.58% |
| 3Y Return (Ann) | -1.87% | -3.26% |
| 5Y Return (Ann) | -0.52% | -1.00% |
| 10Y Return (Ann) | 1.56% | 0.98% |
| Sharpe Ratio | 1.88 | 1.46 |
| Sortino Ratio | 2.75 | 2.20 |
| Omega Ratio | 1.34 | 1.26 |
| Calmar Ratio | 0.66 | 0.50 |
| Martin Ratio | 7.35 | 5.52 |
| Ulcer Index | 1.44% | 1.58% |
| Daily Std Dev | 5.65% | 5.97% |
| Max Drawdown | -20.62% | -19.98% |
| Current Drawdown | -7.35% | -10.48% |
Correlation
The correlation between PDBAX and PRCIX 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. PRCIX - Performance Comparison
In the year-to-date period, PDBAX achieves a 3.29% return, which is significantly higher than PRCIX's 1.98% return. Over the past 10 years, PDBAX has outperformed PRCIX with an annualized return of 1.56%, while PRCIX has yielded a comparatively lower 0.98% 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. PRCIX - Expense Ratio Comparison
PDBAX has a 0.76% expense ratio, which is higher than PRCIX's 0.44% expense ratio.
Risk-Adjusted Performance
PDBAX vs. PRCIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Total Return Bond Fund (PDBAX) and T. Rowe Price New Income Fund (PRCIX). 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. PRCIX - Dividend Comparison
PDBAX's dividend yield for the trailing twelve months is around 4.47%, more than PRCIX's 4.38% 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% |
PRCIX T. Rowe Price New Income Fund | 4.38% | 3.82% | 2.45% | 1.59% | 2.41% | 2.87% | 3.04% | 2.66% | 2.56% | 2.56% | 2.60% | 2.78% |
Drawdowns
PDBAX vs. PRCIX - Drawdown Comparison
The maximum PDBAX drawdown since its inception was -20.62%, roughly equal to the maximum PRCIX drawdown of -19.98%. Use the drawdown chart below to compare losses from any high point for PDBAX and PRCIX. For additional features, visit the drawdowns tool.
Volatility
PDBAX vs. PRCIX - Volatility Comparison
The current volatility for PGIM Total Return Bond Fund (PDBAX) is 1.60%, while T. Rowe Price New Income Fund (PRCIX) has a volatility of 1.70%. This indicates that PDBAX experiences smaller price fluctuations and is considered to be less risky than PRCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.