PDDDX vs. DRIQX

Last updated Aug 4, 2026

PDDDX (Prudential Day One 2020 Fund) and DRIQX (Dimensional 2015 Target Date Retirement Income Fund) are both Target Retirement Date funds. Over the past 5 years, PDDDX returned 10.24%/yr vs 1.88%/yr for DRIQX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. PDDDX charges 0.76%/yr vs 0.17%/yr for DRIQX.

Performance

PDDDX vs. DRIQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Prudential Day One 2020 Fund (PDDDX) and Dimensional 2015 Target Date Retirement Income Fund (DRIQX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PDDDX achieves a 5.19% return, which is significantly higher than DRIQX's 3.10% return.

PDDDX

• 1D: -0.09%
• 1M: 0.00%
• 6M: 3.60%
• YTD: 5.19%
• 1Y: 10.18%
• 3Y*: 11.57%
• 5Y*: 10.24%
• 10Y*: —
• ALL TIME*: 9.11%

DRIQX

• 1D: 0.09%
• 1M: -0.35%
• 6M: 2.02%
• YTD: 3.10%
• 1Y: 6.70%
• 3Y*: 6.70%
• 5Y*: 1.88%
• 10Y*: 4.56%
• ALL TIME*: 5.07%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DRIQX Dimensional 2015 Target Date Retirement Income Fund	$0.00	$0.00	$0.00
PDDDX Prudential Day One 2020 Fund	$0.00	$0.00	$0.00

PDDDX vs. DRIQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PDDDX Prudential Day One 2020 Fund	5.19%	10.40%	15.97%	9.52%	-12.63%	36.80%	8.13%	14.99%	-4.65%	10.17%
DRIQX Dimensional 2015 Target Date Retirement Income Fund	3.10%	8.83%	5.47%	8.17%	-14.79%	7.79%	14.31%	14.08%	-4.20%	7.82%

Correlation

The correlation between PDDDX and DRIQX is 0.92, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.92
Correlation (3Y) Balances recent behavior with more history.	0.90
Correlation (5Y) Shows whether the relationship held over a longer period.	0.86
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.79

The correlation between PDDDX and DRIQX shifts across timeframes, from 0.79 (all time) to 0.92 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

PDDDX vs. DRIQX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PDDDX

PDDDX Risk / Return Rank: 80
PDDDX Sharpe Ratio Rank: 80
PDDDX Sortino Ratio Rank: 79
PDDDX Omega Ratio Rank: 78
PDDDX Calmar Ratio Rank: 77
PDDDX Martin Ratio Rank: 87

DRIQX

DRIQX Risk / Return Rank: 54
DRIQX Sharpe Ratio Rank: 55
DRIQX Sortino Ratio Rank: 55
DRIQX Omega Ratio Rank: 55
DRIQX Calmar Ratio Rank: 49
DRIQX Martin Ratio Rank: 54

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PDDDX vs. DRIQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Prudential Day One 2020 Fund (PDDDX) and Dimensional 2015 Target Date Retirement Income Fund (DRIQX). 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.

	PDDDX	DRIQX	Difference
Sharpe ratio: Return per unit of total volatility	1.95	1.54	+0.41
Sortino ratio: Return per unit of downside risk	2.80	2.22	+0.58
Omega ratio: Gain probability vs. loss probability	1.37	1.29	+0.08
Calmar ratio: Return relative to maximum drawdown	2.62	2.00	+0.62
Martin ratio: Return relative to average drawdown	11.66	7.86	+3.79

PDDDX vs. DRIQX - Sharpe Ratio Comparison

The current PDDDX Sharpe Ratio is 1.95, which is comparable to the DRIQX Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of PDDDX and DRIQX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PDDDX vs. DRIQX - Drawdown Comparison

The maximum PDDDX drawdown since its inception was -18.88%, roughly equal to the maximum DRIQX drawdown of -19.86%. Use the drawdown chart below to compare losses from any high point for PDDDX and DRIQX.

Drawdown Indicators

	PDDDX	DRIQX	Difference
Max Drawdown Largest peak-to-trough decline	-18.88%	-19.86%	+0.98%
Max Drawdown (1Y) Largest decline over 1 year	-3.90%	-3.47%	-0.43%
Max Drawdown (3Y) Largest decline over 3 years	-6.05%	-5.12%	-0.93%
Max Drawdown (5Y) Largest decline over 5 years	-16.64%	-19.86%	+3.22%
Max Drawdown (10Y) Largest decline over 10 years	—	-19.86%	—
Current Drawdown Current decline from peak	-0.54%	-1.22%	+0.68%
Average Drawdown Average peak-to-trough decline	-2.97%	-3.84%	+0.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.87%	0.88%	-0.01%

Volatility

PDDDX vs. DRIQX - Volatility Comparison

Prudential Day One 2020 Fund (PDDDX) has a higher volatility of 1.35% compared to Dimensional 2015 Target Date Retirement Income Fund (DRIQX) at 1.08%. This indicates that PDDDX's price experiences larger fluctuations and is considered to be riskier than DRIQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PDDDX	DRIQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.35%	1.08%	+0.27%
Volatility (6M) Calculated over the trailing 6-month period	4.30%	3.60%	+0.70%
Volatility (1Y) Calculated over the trailing 1-year period	5.26%	4.51%	+0.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.76%	7.06%	+6.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.30%	6.58%	+4.72%

PDDDX vs. DRIQX - Expense Ratio Comparison

PDDDX has a 0.76% expense ratio, which is higher than DRIQX's 0.17% expense ratio.

Dividends

PDDDX vs. DRIQX - Dividend Comparison

PDDDX's dividend yield for the trailing twelve months is around 3.85%, less than DRIQX's 6.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DRIQX Dimensional 2015 Target Date Retirement Income Fund	6.35%	4.95%	4.53%	4.28%	6.51%	4.54%	3.76%	2.05%	2.23%	1.66%	1.37%
PDDDX Prudential Day One 2020 Fund	3.85%	4.05%	19.73%	3.22%	8.41%	28.05%	1.91%	3.76%	3.05%	0.86%	0.00%

Frequently Asked Questions

Can I hold both PDDDX and DRIQX in my portfolio?

With a correlation of 0.92, PDDDX and DRIQX 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.

Which is riskier, PDDDX or DRIQX?

PDDDX has higher volatility (1.35%) compared to DRIQX (1.08%). In terms of maximum drawdown, PDDDX dropped -18.88% vs DRIQX's -19.86%.

Which has better risk-adjusted returns?

PDDDX currently has the higher Sharpe Ratio (1.95 vs 1.54), 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.