PDHVX vs. GMOQX
PDHVX (PGIM Emerging Markets Debt Hard Currency Fund) and GMOQX (GMO Emerging Country Debt Fund Class VI) are both Emerging Markets Bonds funds. Over the past 3 years, PDHVX returned 9.40%/yr vs 17.18%/yr for GMOQX. Their correlation of 0.83 means they have usually moved in the same direction. PDHVX charges 0.75%/yr vs 0.51%/yr for GMOQX.
Performance
PDHVX vs. GMOQX - Performance Comparison
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Returns By Period
In the year-to-date period, PDHVX achieves a 1.99% return, which is significantly lower than GMOQX's 8.19% return.
PDHVX
- 1D
- -0.28%
- 1M
- -1.63%
- 6M
- 1.03%
- YTD
- 1.99%
- 1Y
- 9.45%
- 3Y*
- 9.40%
- 5Y*
- 2.34%
- 10Y*
- —
- ALL TIME*
- 2.74%
GMOQX
- 1D
- -0.37%
- 1M
- -1.02%
- 6M
- 4.16%
- YTD
- 8.19%
- 1Y
- 19.82%
- 3Y*
- 17.18%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.62%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PDHVX vs. GMOQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PDHVX PGIM Emerging Markets Debt Hard Currency Fund | 1.99% | 14.99% | 7.14% | 9.90% | -17.36% | -1.52% |
GMOQX GMO Emerging Country Debt Fund Class VI | 8.19% | 22.45% | 12.60% | 17.76% | -16.26% | -2.20% |
Correlation
The correlation between PDHVX and GMOQX is 0.88, 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. | 0.88 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (All Time) Calculated using the full available price history since Aug 16, 2021 | 0.83 |
The correlation between PDHVX and GMOQX has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.
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Return for Risk
PDHVX vs. GMOQX — Risk / Return Rank
PDHVX
GMOQX
PDHVX vs. GMOQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Emerging Markets Debt Hard Currency Fund (PDHVX) and GMO Emerging Country Debt Fund Class VI (GMOQX). 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.
| PDHVX | GMOQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -3.51 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.88 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 5.22 | -3.17 |
| Martin ratioReturn relative to average drawdown | 8.92 | 21.93 | -13.01 |
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Drawdowns
PDHVX vs. GMOQX - Drawdown Comparison
The maximum PDHVX drawdown since its inception was -29.66%, smaller than the maximum GMOQX drawdown of -31.41%. Use the drawdown chart below to compare losses from any high point for PDHVX and GMOQX.
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Drawdown Indicators
| PDHVX | GMOQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.66% | -31.41% | +1.75% |
Max Drawdown (1Y)Largest decline over 1 year | -4.99% | -3.82% | -1.17% |
Max Drawdown (3Y)Largest decline over 3 years | -6.09% | -9.02% | +2.93% |
Max Drawdown (5Y)Largest decline over 5 years | -29.66% | — | — |
Current DrawdownCurrent decline from peak | -1.90% | -1.42% | -0.48% |
Average DrawdownAverage peak-to-trough decline | -7.43% | -9.41% | +1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 0.91% | +0.24% |
Volatility
PDHVX vs. GMOQX - Volatility Comparison
PGIM Emerging Markets Debt Hard Currency Fund (PDHVX) has a higher volatility of 1.08% compared to GMO Emerging Country Debt Fund Class VI (GMOQX) at 0.99%. This indicates that PDHVX's price experiences larger fluctuations and is considered to be riskier than GMOQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDHVX | GMOQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 0.99% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 4.38% | 4.00% | +0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.22% | 5.31% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.91% | 10.72% | -3.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.77% | 10.72% | -2.95% |
PDHVX vs. GMOQX - Expense Ratio Comparison
PDHVX has a 0.75% expense ratio, which is higher than GMOQX's 0.51% expense ratio.
Dividends
PDHVX vs. GMOQX - Dividend Comparison
PDHVX's dividend yield for the trailing twelve months is around 6.41%, more than GMOQX's 4.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
GMOQX GMO Emerging Country Debt Fund Class VI | 4.57% | 6.37% | 6.23% | 10.36% | 13.87% | 7.44% | 0.00% | 0.00% | 0.00% | 0.00% |
PDHVX PGIM Emerging Markets Debt Hard Currency Fund | 6.41% | 6.95% | 8.80% | 5.93% | 8.88% | 5.14% | 4.76% | 5.90% | 5.96% | 0.26% |
Frequently Asked Questions
PDHVX and GMOQX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDHVX has higher volatility (1.08%) compared to GMOQX (0.99%). In terms of maximum drawdown, PDHVX dropped -29.66% vs GMOQX's -31.41%.
GMOQX currently has the higher Sharpe Ratio (3.76 vs 1.96), 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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