PGTQX vs. BSV

Last updated Jun 5, 2026

PGTQX (PGIM Global Total Return Fund - Class R6) and BSV (Vanguard Short-Term Bond Index Fund ETF Shares) are both funds - PGTQX is a Global Bonds fund managed by PGIM, while BSV is a Short-Term Bond fund tracking the Bloomberg U.S. 1–5 Year Government/Credit Float Adjusted Index. Over the past 10 years, PGTQX returned 1.75%/yr vs 1.96%/yr for BSV. A 0.60 correlation means they provide meaningful diversification when combined. PGTQX charges 0.54%/yr vs 0.03%/yr for BSV.

Performance

PGTQX vs. BSV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Global Total Return Fund - Class R6 (PGTQX) and Vanguard Short-Term Bond Index Fund ETF Shares (BSV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PGTQX achieves a 0.01% return, which is significantly lower than BSV's 0.37% return. Over the past 10 years, PGTQX has underperformed BSV with an annualized return of 1.75%, while BSV has yielded a comparatively higher 1.96% annualized return.

PGTQX

• 1D: -0.37%
• 1M: -0.02%
• YTD: 0.01%
• 6M: 0.54%
• 1Y: 3.47%
• 3Y*: 5.76%
• 5Y*: -1.64%
• 10Y*: 1.75%

BSV

• 1D: 0.08%
• 1M: 0.09%
• YTD: 0.37%
• 6M: 0.68%
• 1Y: 3.51%
• 3Y*: 4.41%
• 5Y*: 1.63%
• 10Y*: 1.96%

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

PGTQX vs. BSV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PGTQX PGIM Global Total Return Fund - Class R6	0.01%	11.14%	0.31%	8.46%	-22.33%	-5.95%	10.07%	15.22%	-1.59%	13.59%
BSV Vanguard Short-Term Bond Index Fund ETF Shares	0.37%	6.00%	3.78%	4.90%	-5.49%	-1.09%	4.70%	4.98%	1.34%	1.20%

Correlation

The correlation between PGTQX and BSV is 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.63
Correlation (All Time) Calculated using the full available price history since Feb 6, 2012	0.60

The correlation between PGTQX and BSV shifts across timeframes, from 0.60 (all time) to 0.71 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

PGTQX vs. BSV — Risk / Return Rank

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

PGTQX

PGTQX Risk / Return Rank: 9
PGTQX Sharpe Ratio Rank: 9
PGTQX Sortino Ratio Rank: 9
PGTQX Omega Ratio Rank: 9
PGTQX Calmar Ratio Rank: 9
PGTQX Martin Ratio Rank: 10

BSV

BSV Risk / Return Rank: 61
BSV Sharpe Ratio Rank: 60
BSV Sortino Ratio Rank: 70
BSV Omega Ratio Rank: 63
BSV Calmar Ratio Rank: 56
BSV Martin Ratio Rank: 56

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.

PGTQX vs. BSV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Global Total Return Fund - Class R6 (PGTQX) and Vanguard Short-Term Bond Index Fund ETF Shares (BSV). 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.

	PGTQX	BSV	Difference
Sharpe ratio: Return per unit of total volatility	0.73	1.97	-1.23
Sortino ratio: Return per unit of downside risk	1.11	3.14	-2.03
Omega ratio: Gain probability vs. loss probability	1.13	1.37	-0.24
Calmar ratio: Return relative to maximum drawdown	0.85	2.74	-1.88
Martin ratio: Return relative to average drawdown	2.64	9.60	-6.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PGTQX vs. BSV - Sharpe Ratio Comparison

The current PGTQX Sharpe Ratio is 0.73, which is lower than the BSV Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of PGTQX and BSV, 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

	PGTQX	BSV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.73	1.97	-1.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.25	0.60	-0.85
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.08	0.83	-0.75
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.85	-0.74

Drawdowns

PGTQX vs. BSV - Drawdown Comparison

The maximum PGTQX drawdown since its inception was -44.72%, which is greater than BSV's maximum drawdown of -8.54%. Use the drawdown chart below to compare losses from any high point for PGTQX and BSV.

Drawdown Indicators

	PGTQX	BSV	Difference
Max Drawdown Largest peak-to-trough decline	-44.72%	-8.54%	-36.18%
Max Drawdown (1Y) Largest decline over 1 year	-4.55%	-1.29%	-3.26%
Max Drawdown (3Y) Largest decline over 3 years	-6.80%	-1.53%	-5.27%
Max Drawdown (5Y) Largest decline over 5 years	-31.46%	-8.54%	-22.92%
Max Drawdown (10Y) Largest decline over 10 years	-44.72%	-8.54%	-36.18%
Current Drawdown Current decline from peak	-27.07%	-0.55%	-26.52%
Average Drawdown Average peak-to-trough decline	-20.18%	-0.97%	-19.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.47%	0.37%	+1.10%

Volatility

PGTQX vs. BSV - Volatility Comparison

PGIM Global Total Return Fund - Class R6 (PGTQX) has a higher volatility of 1.94% compared to Vanguard Short-Term Bond Index Fund ETF Shares (BSV) at 0.53%. This indicates that PGTQX's price experiences larger fluctuations and is considered to be riskier than BSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PGTQX	BSV	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.94%	0.53%	+1.41%
Volatility (6M) Calculated over the trailing 6-month period	4.06%	1.26%	+2.80%
Volatility (1Y) Calculated over the trailing 1-year period	5.30%	1.81%	+3.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.55%	2.72%	+3.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.51%	2.37%	+19.14%

PGTQX vs. BSV - Expense Ratio Comparison

PGTQX has a 0.54% expense ratio, which is higher than BSV's 0.03% expense ratio.

Dividends

PGTQX vs. BSV - Dividend Comparison

PGTQX's dividend yield for the trailing twelve months is around 4.02%, which matches BSV's 3.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BSV Vanguard Short-Term Bond Index Fund ETF Shares	3.99%	3.83%	3.38%	2.46%	1.50%	1.45%	1.79%	2.29%	1.99%	1.65%	1.48%	1.40%
PGTQX PGIM Global Total Return Fund - Class R6	4.02%	4.00%	4.47%	2.96%	3.53%	3.36%	3.94%	8.65%	3.63%	3.41%	4.02%	3.85%

Frequently Asked Questions

Can I hold both PGTQX and BSV in my portfolio?

PGTQX and BSV have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PGTQX or BSV?

PGTQX has higher volatility (1.94%) compared to BSV (0.53%). In terms of maximum drawdown, PGTQX dropped -44.72% vs BSV's -8.54%.

Which has better risk-adjusted returns?

BSV currently has the higher Sharpe Ratio (1.97 vs 0.73), 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.