PHEZX vs. VTHR

Last updated Jun 23, 2026

PHEZX (PGIM Global Total Return (USD Hedged) Fund) and VTHR (Vanguard Russell 3000 ETF) are both funds - PHEZX is a Global Bonds fund managed by PGIM, while VTHR is a Large Cap Blend Equities fund tracking the Russell 3000 Index. Over the past 5 years, PHEZX returned 0.80%/yr vs 12.31%/yr for VTHR. At a 0.16 correlation, their price movements are largely independent. PHEZX charges 0.63%/yr vs 0.06%/yr for VTHR.

Performance

PHEZX vs. VTHR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Global Total Return (USD Hedged) Fund (PHEZX) and Vanguard Russell 3000 ETF (VTHR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PHEZX achieves a 1.13% return, which is significantly lower than VTHR's 10.18% return.

PHEZX

• 1D: 0.11%
• 1M: 1.53%
• YTD: 1.13%
• 6M: 1.59%
• 1Y: 4.90%
• 3Y*: 6.29%
• 5Y*: 0.80%
• 10Y*: —

VTHR

• 1D: -0.36%
• 1M: 0.57%
• YTD: 10.18%
• 6M: 9.37%
• 1Y: 26.90%
• 3Y*: 21.03%
• 5Y*: 12.31%
• 10Y*: 15.22%

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

PHEZX vs. VTHR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PHEZX PGIM Global Total Return (USD Hedged) Fund	1.13%	7.27%	4.50%	10.63%	-16.87%	-3.69%	8.42%	13.14%	0.07%	-0.17%
VTHR Vanguard Russell 3000 ETF	10.18%	16.99%	23.57%	25.92%	-19.20%	25.49%	20.93%	30.82%	-5.65%	1.07%

Correlation

The correlation between PHEZX and VTHR 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	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (All Time) Calculated using the full available price history since Dec 12, 2017	0.16

The correlation between PHEZX and VTHR shifts across timeframes, from 0.16 (all time) to 0.35 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

PHEZX vs. VTHR — Risk / Return Rank

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

PHEZX

PHEZX Risk / Return Rank: 24
PHEZX Sharpe Ratio Rank: 27
PHEZX Sortino Ratio Rank: 29
PHEZX Omega Ratio Rank: 29
PHEZX Calmar Ratio Rank: 17
PHEZX Martin Ratio Rank: 17

VTHR

VTHR Risk / Return Rank: 67
VTHR Sharpe Ratio Rank: 67
VTHR Sortino Ratio Rank: 65
VTHR Omega Ratio Rank: 65
VTHR Calmar Ratio Rank: 63
VTHR Martin Ratio Rank: 74

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.

PHEZX vs. VTHR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Global Total Return (USD Hedged) Fund (PHEZX) and Vanguard Russell 3000 ETF (VTHR). 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.

	PHEZX	VTHR	Difference
Sharpe ratio: Return per unit of total volatility	1.39	2.11	-0.72
Sortino ratio: Return per unit of downside risk	2.11	2.89	-0.78
Omega ratio: Gain probability vs. loss probability	1.26	1.38	-0.11
Calmar ratio: Return relative to maximum drawdown	1.41	3.03	-1.62
Martin ratio: Return relative to average drawdown	4.23	13.55	-9.32

PHEZX vs. VTHR - Sharpe Ratio Comparison

The current PHEZX Sharpe Ratio is 1.39, which is lower than the VTHR Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of PHEZX and VTHR, 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

PHEZX vs. VTHR - Drawdown Comparison

The maximum PHEZX drawdown since its inception was -23.83%, smaller than the maximum VTHR drawdown of -34.61%. Use the drawdown chart below to compare losses from any high point for PHEZX and VTHR.

Drawdown Indicators

	PHEZX	VTHR	Difference
Max Drawdown Largest peak-to-trough decline	-23.83%	-34.61%	+10.78%
Max Drawdown (1Y) Largest decline over 1 year	-3.49%	-8.91%	+5.42%
Max Drawdown (3Y) Largest decline over 3 years	-3.49%	-19.36%	+15.87%
Max Drawdown (5Y) Largest decline over 5 years	-22.53%	-25.06%	+2.53%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.61%	—
Current Drawdown Current decline from peak	-0.98%	-1.38%	+0.40%
Average Drawdown Average peak-to-trough decline	-6.39%	-4.03%	-2.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.16%	1.99%	-0.83%

Volatility

PHEZX vs. VTHR - Volatility Comparison

The current volatility for PGIM Global Total Return (USD Hedged) Fund (PHEZX) is 1.18%, while Vanguard Russell 3000 ETF (VTHR) has a volatility of 4.58%. This indicates that PHEZX experiences smaller price fluctuations and is considered to be less risky than VTHR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PHEZX	VTHR	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.18%	4.58%	-3.40%
Volatility (6M) Calculated over the trailing 6-month period	2.95%	10.04%	-7.09%
Volatility (1Y) Calculated over the trailing 1-year period	3.54%	12.82%	-9.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.52%	17.38%	-12.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.45%	17.89%	-13.44%

PHEZX vs. VTHR - Expense Ratio Comparison

PHEZX has a 0.63% expense ratio, which is higher than VTHR's 0.06% expense ratio.

Dividends

PHEZX vs. VTHR - Dividend Comparison

PHEZX's dividend yield for the trailing twelve months is around 4.10%, more than VTHR's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PHEZX PGIM Global Total Return (USD Hedged) Fund	4.10%	4.09%	3.80%	3.62%	4.59%	3.06%	3.17%	4.44%	5.96%	0.13%	0.00%	0.00%
VTHR Vanguard Russell 3000 ETF	1.03%	1.08%	1.19%	1.47%	1.52%	1.16%	1.37%	1.65%	1.89%	1.63%	1.82%	1.84%

Frequently Asked Questions

Can I hold both PHEZX and VTHR in my portfolio?

PHEZX and VTHR 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, PHEZX or VTHR?

VTHR has higher volatility (4.58%) compared to PHEZX (1.18%). In terms of maximum drawdown, PHEZX dropped -23.83% vs VTHR's -34.61%.

Which has better risk-adjusted returns?

VTHR currently has the higher Sharpe Ratio (2.11 vs 1.39), 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.