PDBZX vs. TNUIX
PDBZX (PGIM Total Return Bond Fund Class Z) and TNUIX (1290 Diversified Bond Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, PDBZX returned 2.79%/yr vs 2.92%/yr for TNUIX. A 0.57 correlation means they provide meaningful diversification when combined. PDBZX charges 0.49%/yr vs 0.50%/yr for TNUIX.
Performance
PDBZX vs. TNUIX - Performance Comparison
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Returns By Period
In the year-to-date period, PDBZX achieves a 0.38% return, which is significantly lower than TNUIX's 2.68% return. Both investments have delivered pretty close results over the past 10 years, with PDBZX having a 2.79% annualized return and TNUIX not far ahead at 2.92%.
PDBZX
- 1D
- -0.33%
- 1M
- 0.74%
- YTD
- 0.38%
- 6M
- 0.85%
- 1Y
- 5.00%
- 3Y*
- 5.19%
- 5Y*
- 0.67%
- 10Y*
- 2.79%
TNUIX
- 1D
- -0.35%
- 1M
- 1.95%
- YTD
- 2.68%
- 6M
- 2.80%
- 1Y
- 6.50%
- 3Y*
- 3.78%
- 5Y*
- -1.11%
- 10Y*
- 2.92%
PDBZX vs. TNUIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PDBZX PGIM Total Return Bond Fund Class Z | 0.38% | 7.70% | 2.87% | 7.70% | -14.33% | -1.46% | 8.01% | 14.76% | -0.72% | 6.60% |
TNUIX 1290 Diversified Bond Fund | 2.68% | 10.61% | -3.72% | 3.21% | -12.54% | -2.46% | 17.14% | 10.28% | 2.30% | 3.47% |
Correlation
The correlation between PDBZX and TNUIX is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2015 | 0.57 |
The correlation between PDBZX and TNUIX shifts across timeframes, from 0.53 (1 year) to 0.78 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
PDBZX vs. TNUIX — Risk / Return Rank
PDBZX
TNUIX
PDBZX vs. TNUIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Total Return Bond Fund Class Z (PDBZX) and 1290 Diversified Bond Fund (TNUIX). 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 | TNUIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.22 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 2.46 | -0.70 |
| Martin ratioReturn relative to average drawdown | 4.96 | 6.32 | -1.36 |
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Drawdowns
PDBZX vs. TNUIX - Drawdown Comparison
The maximum PDBZX drawdown since its inception was -20.88%, smaller than the maximum TNUIX drawdown of -26.30%. Use the drawdown chart below to compare losses from any high point for PDBZX and TNUIX.
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Drawdown Indicators
| PDBZX | TNUIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.88% | -26.30% | +5.42% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -2.71% | -0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -5.51% | -14.40% | +8.89% |
Max Drawdown (5Y)Largest decline over 5 years | -20.81% | -26.17% | +5.36% |
Max Drawdown (10Y)Largest decline over 10 years | -20.88% | -26.30% | +5.42% |
Current DrawdownCurrent decline from peak | -1.62% | -6.09% | +4.47% |
Average DrawdownAverage peak-to-trough decline | -2.30% | -6.29% | +3.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 1.05% | +0.01% |
Volatility
PDBZX vs. TNUIX - Volatility Comparison
PGIM Total Return Bond Fund Class Z (PDBZX) has a higher volatility of 1.93% compared to 1290 Diversified Bond Fund (TNUIX) at 1.36%. This indicates that PDBZX's price experiences larger fluctuations and is considered to be riskier than TNUIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDBZX | TNUIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.93% | 1.36% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 3.36% | 4.12% | -0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.31% | 5.86% | -1.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.05% | 9.50% | -3.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.38% | 7.74% | -2.36% |
PDBZX vs. TNUIX - Expense Ratio Comparison
PDBZX has a 0.49% expense ratio, which is lower than TNUIX's 0.50% expense ratio.
Dividends
PDBZX vs. TNUIX - Dividend Comparison
PDBZX's dividend yield for the trailing twelve months is around 4.58%, more than TNUIX's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDBZX PGIM Total Return Bond Fund Class Z | 4.58% | 4.54% | 4.79% | 4.60% | 5.73% | 2.73% | 2.94% | 10.36% | 4.01% | 2.87% | 3.92% | 3.33% |
TNUIX 1290 Diversified Bond Fund | 3.28% | 7.28% | 6.39% | 3.71% | 3.51% | 4.61% | 2.68% | 8.07% | 3.67% | 2.94% | 0.12% | 0.00% |
Frequently Asked Questions
PDBZX and TNUIX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDBZX has higher volatility (1.93%) compared to TNUIX (1.36%). In terms of maximum drawdown, PDBZX dropped -20.88% vs TNUIX's -26.30%.
PDBZX currently has the higher Sharpe Ratio (1.23 vs 1.14), 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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