PDJGX vs. PDBZX

Last updated Jun 4, 2026

PDJGX (Prudential Day One 2050 Fund) and PDBZX (PGIM Total Return Bond Fund Class Z) are both mutual funds - PDJGX is a Target Retirement Date fund managed by PGIM, while PDBZX is a Intermediate Core-Plus Bond fund managed by PGIM. Over the past 5 years, PDJGX returned 13.42%/yr vs 0.93%/yr for PDBZX. At a 0.08 correlation, their price movements are largely independent. PDJGX charges 0.18%/yr vs 0.49%/yr for PDBZX.

Performance

PDJGX vs. PDBZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Prudential Day One 2050 Fund (PDJGX) and PGIM Total Return Bond Fund Class Z (PDBZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PDJGX achieves a 12.20% return, which is significantly higher than PDBZX's 0.72% return.

PDJGX

• 1D: 0.33%
• 1M: 4.46%
• YTD: 12.20%
• 6M: 12.93%
• 1Y: 26.35%
• 3Y*: 24.87%
• 5Y*: 13.42%
• 10Y*: —

PDBZX

• 1D: 0.08%
• 1M: 0.58%
• YTD: 0.72%
• 6M: 0.68%
• 1Y: 6.24%
• 3Y*: 5.37%
• 5Y*: 0.93%
• 10Y*: 2.88%

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

PDJGX vs. PDBZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PDJGX Prudential Day One 2050 Fund	12.20%	18.35%	33.43%	17.95%	-15.32%	19.33%	11.29%	23.82%	-8.82%	19.59%
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%

Correlation

The correlation between PDJGX and PDBZX is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.08

Over the past year, PDJGX and PDBZX have become more correlated (0.35) than their long-term average of 0.08, meaning their price movements have been converging.

Return for Risk

PDJGX vs. PDBZX — Risk / Return Rank

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

PDJGX

PDJGX Risk / Return Rank: 67
PDJGX Sharpe Ratio Rank: 68
PDJGX Sortino Ratio Rank: 65
PDJGX Omega Ratio Rank: 64
PDJGX Calmar Ratio Rank: 64
PDJGX Martin Ratio Rank: 72

PDBZX

PDBZX Risk / Return Rank: 27
PDBZX Sharpe Ratio Rank: 26
PDBZX Sortino Ratio Rank: 28
PDBZX Omega Ratio Rank: 27
PDBZX Calmar Ratio Rank: 31
PDBZX Martin Ratio Rank: 25

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.

PDJGX vs. PDBZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Prudential Day One 2050 Fund (PDJGX) and PGIM Total Return Bond Fund Class Z (PDBZX). 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.

	PDJGX	PDBZX	Difference
Sharpe ratio: Return per unit of total volatility	2.42	1.44	+0.97
Sortino ratio: Return per unit of downside risk	3.38	2.18	+1.20
Omega ratio: Gain probability vs. loss probability	1.45	1.27	+0.18
Calmar ratio: Return relative to maximum drawdown	3.08	2.09	+1.00
Martin ratio: Return relative to average drawdown	13.86	6.21	+7.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PDJGX vs. PDBZX - Sharpe Ratio Comparison

The current PDJGX Sharpe Ratio is 2.42, which is higher than the PDBZX Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of PDJGX and PDBZX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PDJGX	PDBZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.42	1.44	+0.97
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	0.15	+0.62
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	1.09	-0.31

Drawdowns

PDJGX vs. PDBZX - Drawdown Comparison

The maximum PDJGX drawdown since its inception was -33.11%, which is greater than PDBZX's maximum drawdown of -20.88%. Use the drawdown chart below to compare losses from any high point for PDJGX and PDBZX.

Drawdown Indicators

	PDJGX	PDBZX	Difference
Max Drawdown Largest peak-to-trough decline	-33.11%	-20.88%	-12.23%
Max Drawdown (1Y) Largest decline over 1 year	-8.68%	-3.00%	-5.68%
Max Drawdown (3Y) Largest decline over 3 years	-14.42%	-5.51%	-8.91%
Max Drawdown (5Y) Largest decline over 5 years	-29.62%	-20.81%	-8.81%
Max Drawdown (10Y) Largest decline over 10 years	—	-20.88%	—
Current Drawdown Current decline from peak	0.00%	-1.29%	+1.29%
Average Drawdown Average peak-to-trough decline	-6.23%	-2.31%	-3.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	1.01%	+0.92%

Volatility

PDJGX vs. PDBZX - Volatility Comparison

Prudential Day One 2050 Fund (PDJGX) has a higher volatility of 3.41% compared to PGIM Total Return Bond Fund Class Z (PDBZX) at 2.08%. This indicates that PDJGX's price experiences larger fluctuations and is considered to be riskier than PDBZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PDJGX	PDBZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.41%	2.08%	+1.33%
Volatility (6M) Calculated over the trailing 6-month period	8.98%	3.30%	+5.68%
Volatility (1Y) Calculated over the trailing 1-year period	11.09%	4.35%	+6.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.45%	6.05%	+11.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.78%	5.37%	+11.41%

PDJGX vs. PDBZX - Expense Ratio Comparison

PDJGX has a 0.18% expense ratio, which is lower than PDBZX's 0.49% expense ratio.

Dividends

PDJGX vs. PDBZX - Dividend Comparison

PDJGX's dividend yield for the trailing twelve months is around 3.81%, less than PDBZX's 4.57% 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%
PDJGX Prudential Day One 2050 Fund	3.81%	4.27%	34.20%	3.81%	8.60%	11.14%	1.96%	4.52%	4.89%	2.18%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PDJGX and PDBZX in my portfolio?

PDJGX and PDBZX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PDJGX or PDBZX?

PDJGX has higher volatility (3.41%) compared to PDBZX (2.08%). In terms of maximum drawdown, PDJGX dropped -33.11% vs PDBZX's -20.88%.

Which has better risk-adjusted returns?

PDJGX currently has the higher Sharpe Ratio (2.42 vs 1.44), 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.