PDBZX vs. SRBFX
PDBZX (PGIM Total Return Bond Fund Class Z) and SRBFX (Columbia Total Return Bond Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, PDBZX returned 2.84%/yr vs 2.30%/yr for SRBFX. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.49% expense ratio.
Performance
PDBZX vs. SRBFX - Performance Comparison
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Returns By Period
In the year-to-date period, PDBZX achieves a 0.72% return, which is significantly lower than SRBFX's 0.79% return. Over the past 10 years, PDBZX has outperformed SRBFX with an annualized return of 2.84%, while SRBFX has yielded a comparatively lower 2.30% annualized return.
PDBZX
- 1D
- 0.25%
- 1M
- 1.08%
- YTD
- 0.72%
- 6M
- 1.18%
- 1Y
- 5.61%
- 3Y*
- 5.34%
- 5Y*
- 0.65%
- 10Y*
- 2.84%
SRBFX
- 1D
- 0.26%
- 1M
- 1.28%
- YTD
- 0.79%
- 6M
- 1.28%
- 1Y
- 5.67%
- 3Y*
- 5.23%
- 5Y*
- -0.36%
- 10Y*
- 2.30%
PDBZX vs. SRBFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PDBZX PGIM Total Return Bond Fund Class Z | 0.72% | 7.70% | 2.87% | 7.70% | -14.33% | -1.46% | 8.01% | 14.76% | -0.72% | 6.60% |
SRBFX Columbia Total Return Bond Fund | 0.79% | 8.91% | 1.49% | 7.35% | -17.65% | 0.23% | 12.20% | 9.44% | 0.38% | 3.84% |
Correlation
The correlation between PDBZX and SRBFX is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 1996 | 0.86 |
The correlation between PDBZX and SRBFX shifts across timeframes, from 0.86 (all time) to 0.97 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
PDBZX vs. SRBFX — Risk / Return Rank
PDBZX
SRBFX
PDBZX vs. SRBFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Total Return Bond Fund Class Z (PDBZX) and Columbia Total Return Bond Fund (SRBFX). 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.
| PDBZX | SRBFX | 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 | 1.25 | 1.23 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 1.84 | +0.07 |
| Martin ratioReturn relative to average drawdown | 5.40 | 5.28 | +0.11 |
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Drawdowns
PDBZX vs. SRBFX - Drawdown Comparison
The maximum PDBZX drawdown since its inception was -20.88%, smaller than the maximum SRBFX drawdown of -24.34%. Use the drawdown chart below to compare losses from any high point for PDBZX and SRBFX.
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Drawdown Indicators
| PDBZX | SRBFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.88% | -24.34% | +3.46% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -3.13% | +0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -5.51% | -6.28% | +0.77% |
Max Drawdown (5Y)Largest decline over 5 years | -20.81% | -22.97% | +2.16% |
Max Drawdown (10Y)Largest decline over 10 years | -20.88% | -22.97% | +2.09% |
Current DrawdownCurrent decline from peak | -1.29% | -2.95% | +1.66% |
Average DrawdownAverage peak-to-trough decline | -2.30% | -4.55% | +2.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 1.09% | -0.03% |
Volatility
PDBZX vs. SRBFX - Volatility Comparison
PGIM Total Return Bond Fund Class Z (PDBZX) has a higher volatility of 1.94% compared to Columbia Total Return Bond Fund (SRBFX) at 1.24%. This indicates that PDBZX's price experiences larger fluctuations and is considered to be riskier than SRBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDBZX | SRBFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.94% | 1.24% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 3.34% | 3.22% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.29% | 4.37% | -0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.05% | 6.64% | -0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.38% | 5.45% | -0.07% |
PDBZX vs. SRBFX - Expense Ratio Comparison
Both PDBZX and SRBFX have an expense ratio of 0.49%.
Dividends
PDBZX vs. SRBFX - Dividend Comparison
PDBZX's dividend yield for the trailing twelve months is around 4.57%, less than SRBFX's 4.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDBZX PGIM Total Return Bond Fund Class Z | 4.57% | 4.54% | 4.79% | 4.60% | 5.73% | 2.73% | 2.94% | 10.36% | 4.01% | 2.87% | 3.92% | 3.33% |
SRBFX Columbia Total Return Bond Fund | 4.85% | 4.86% | 4.11% | 3.74% | 3.72% | 3.23% | 7.56% | 4.59% | 2.85% | 2.77% | 3.93% | 3.42% |
Frequently Asked Questions
With a correlation of 0.97, PDBZX and SRBFX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
PDBZX has higher volatility (1.94%) compared to SRBFX (1.24%). In terms of maximum drawdown, PDBZX dropped -20.88% vs SRBFX's -24.34%.
PDBZX currently has the higher Sharpe Ratio (1.33 vs 1.32), 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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