PDDDX vs. QDSNX

Last updated Jun 26, 2026

PDDDX (Prudential Day One 2020 Fund) and QDSNX (AQR Diversifying Strategies Fund Class N) are both mutual funds - PDDDX is a Target Retirement Date fund managed by PGIM, while QDSNX is a Tactical Allocation fund actively managed by AQR Funds. Over the past 5 years, PDDDX returned 10.54%/yr vs 10.85%/yr for QDSNX. At a 0.19 correlation, their price movements are largely independent. PDDDX charges 0.76%/yr vs 3.30%/yr for QDSNX.

Performance

PDDDX vs. QDSNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Prudential Day One 2020 Fund (PDDDX) and AQR Diversifying Strategies Fund Class N (QDSNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PDDDX achieves a 4.61% return, which is significantly higher than QDSNX's 3.80% return.

PDDDX

• 1D: 0.18%
• 1M: -0.73%
• YTD: 4.61%
• 6M: 4.11%
• 1Y: 10.54%
• 3Y*: 12.06%
• 5Y*: 10.54%
• 10Y*: —

QDSNX

• 1D: -0.62%
• 1M: -1.29%
• YTD: 3.80%
• 6M: 3.86%
• 1Y: 11.88%
• 3Y*: 11.88%
• 5Y*: 10.85%
• 10Y*: —

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

PDDDX vs. QDSNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
PDDDX Prudential Day One 2020 Fund	4.61%	10.40%	15.97%	9.52%	-12.63%	36.80%	9.01%
QDSNX AQR Diversifying Strategies Fund Class N	3.80%	16.14%	9.56%	8.62%	14.48%	10.35%	5.40%

Correlation

The correlation between PDDDX and QDSNX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (All Time) Calculated using the full available price history since Jun 10, 2020	0.19

Over the past year, PDDDX and QDSNX have become more correlated (0.42) than their long-term average of 0.19, meaning their price movements have been converging.

Return for Risk

PDDDX vs. QDSNX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PDDDX

PDDDX Risk / Return Rank: 71
PDDDX Sharpe Ratio Rank: 70
PDDDX Sortino Ratio Rank: 71
PDDDX Omega Ratio Rank: 70
PDDDX Calmar Ratio Rank: 66
PDDDX Martin Ratio Rank: 78

QDSNX

QDSNX Risk / Return Rank: 86
QDSNX Sharpe Ratio Rank: 81
QDSNX Sortino Ratio Rank: 82
QDSNX Omega Ratio Rank: 79
QDSNX Calmar Ratio Rank: 95
QDSNX Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PDDDX vs. QDSNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Prudential Day One 2020 Fund (PDDDX) and AQR Diversifying Strategies Fund Class N (QDSNX). 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	QDSNX	Difference
Sharpe ratio: Return per unit of total volatility	2.01	2.30	-0.28
Sortino ratio: Return per unit of downside risk	2.88	3.34	-0.46
Omega ratio: Gain probability vs. loss probability	1.38	1.43	-0.05
Calmar ratio: Return relative to maximum drawdown	2.69	4.92	-2.24
Martin ratio: Return relative to average drawdown	12.14	15.94	-3.79

PDDDX vs. QDSNX - Sharpe Ratio Comparison

The current PDDDX Sharpe Ratio is 2.01, which is comparable to the QDSNX Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of PDDDX and QDSNX, 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. QDSNX - Drawdown Comparison

The maximum PDDDX drawdown since its inception was -18.88%, which is greater than QDSNX's maximum drawdown of -7.15%. Use the drawdown chart below to compare losses from any high point for PDDDX and QDSNX.

Drawdown Indicators

	PDDDX	QDSNX	Difference
Max Drawdown Largest peak-to-trough decline	-18.88%	-7.15%	-11.73%
Max Drawdown (1Y) Largest decline over 1 year	-3.90%	-2.42%	-1.48%
Max Drawdown (3Y) Largest decline over 3 years	-6.09%	-6.93%	+0.84%
Max Drawdown (5Y) Largest decline over 5 years	-16.64%	-7.15%	-9.49%
Current Drawdown Current decline from peak	-1.09%	-2.42%	+1.33%
Average Drawdown Average peak-to-trough decline	-2.99%	-1.45%	-1.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.86%	0.75%	+0.11%

Volatility

PDDDX vs. QDSNX - Volatility Comparison

Prudential Day One 2020 Fund (PDDDX) and AQR Diversifying Strategies Fund Class N (QDSNX) have volatilities of 2.05% and 2.11%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PDDDX	QDSNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.05%	2.11%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	4.28%	3.79%	+0.49%
Volatility (1Y) Calculated over the trailing 1-year period	5.21%	5.20%	+0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.77%	7.63%	+6.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.35%	7.30%	+4.05%

PDDDX vs. QDSNX - Expense Ratio Comparison

PDDDX has a 0.76% expense ratio, which is lower than QDSNX's 3.30% expense ratio.

Dividends

PDDDX vs. QDSNX - Dividend Comparison

PDDDX's dividend yield for the trailing twelve months is around 3.87%, more than QDSNX's 1.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
PDDDX Prudential Day One 2020 Fund	3.87%	4.05%	19.73%	3.22%	8.41%	28.05%	1.91%	3.76%	3.05%	0.86%
QDSNX AQR Diversifying Strategies Fund Class N	1.92%	1.99%	0.00%	11.18%	8.01%	5.99%	1.83%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PDDDX and QDSNX in my portfolio?

PDDDX and QDSNX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PDDDX or QDSNX?

QDSNX has higher volatility (2.11%) compared to PDDDX (2.05%). In terms of maximum drawdown, PDDDX dropped -18.88% vs QDSNX's -7.15%.

Which has better risk-adjusted returns?

QDSNX currently has the higher Sharpe Ratio (2.30 vs 2.01), 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.