PIFZX vs. PDBZX
Compare and contrast key facts about PGIM Short-Term Corporate Bond Fund Class Z (PIFZX) and PGIM Total Return Bond Fund Class Z (PDBZX).
PIFZX is an actively managed fund by PGIM. It was launched on Dec 16, 1996. PDBZX is managed by PGIM. It was launched on Jan 14, 1997.
Performance
PIFZX vs. PDBZX - Performance Comparison
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PIFZX vs. PDBZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIFZX PGIM Short-Term Corporate Bond Fund Class Z | -0.35% | 6.66% | 4.47% | 6.20% | -6.85% | -0.60% | 5.44% | 6.76% | 0.62% | 2.23% |
PDBZX PGIM Total Return Bond Fund Class Z | -0.53% | 7.70% | 2.87% | 7.70% | -14.33% | -1.46% | 8.01% | 14.76% | -0.72% | 6.60% |
Returns By Period
In the year-to-date period, PIFZX achieves a -0.35% return, which is significantly higher than PDBZX's -0.53% return. Over the past 10 years, PIFZX has underperformed PDBZX with an annualized return of 2.49%, while PDBZX has yielded a comparatively higher 2.93% annualized return.
PIFZX
- 1D
- 0.19%
- 1M
- -1.47%
- YTD
- -0.35%
- 6M
- 0.85%
- 1Y
- 4.27%
- 3Y*
- 4.88%
- 5Y*
- 1.93%
- 10Y*
- 2.49%
PDBZX
- 1D
- 0.50%
- 1M
- -2.52%
- YTD
- -0.53%
- 6M
- 0.58%
- 1Y
- 4.25%
- 3Y*
- 4.79%
- 5Y*
- 1.00%
- 10Y*
- 2.93%
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PIFZX vs. PDBZX - Expense Ratio Comparison
PIFZX has a 0.47% expense ratio, which is lower than PDBZX's 0.49% expense ratio.
Return for Risk
PIFZX vs. PDBZX — Risk / Return Rank
PIFZX
PDBZX
PIFZX vs. PDBZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Short-Term Corporate Bond Fund Class Z (PIFZX) 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.
| PIFZX | PDBZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.91 | 1.04 | +0.88 |
Sortino ratioReturn per unit of downside risk | 3.01 | 1.48 | +1.53 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.18 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 2.77 | 1.75 | +1.02 |
Martin ratioReturn relative to average drawdown | 11.07 | 5.12 | +5.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PIFZX | PDBZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.91 | 1.04 | +0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.17 | +0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | 0.55 | +0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.43 | 1.09 | +0.35 |
Correlation
The correlation between PIFZX and PDBZX is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PIFZX vs. PDBZX - Dividend Comparison
PIFZX's dividend yield for the trailing twelve months is around 3.73%, less than PDBZX's 4.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIFZX PGIM Short-Term Corporate Bond Fund Class Z | 3.73% | 3.99% | 3.22% | 2.85% | 2.24% | 1.99% | 2.49% | 2.85% | 2.83% | 2.77% | 2.65% | 2.82% |
PDBZX PGIM Total Return Bond Fund Class Z | 4.19% | 4.54% | 4.79% | 4.60% | 5.73% | 2.73% | 2.94% | 10.36% | 4.01% | 2.87% | 3.92% | 3.33% |
Drawdowns
PIFZX vs. PDBZX - Drawdown Comparison
The maximum PIFZX drawdown since its inception was -10.46%, smaller than the maximum PDBZX drawdown of -20.88%. Use the drawdown chart below to compare losses from any high point for PIFZX and PDBZX.
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Drawdown Indicators
| PIFZX | PDBZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.46% | -20.88% | +10.42% |
Max Drawdown (1Y)Largest decline over 1 year | -1.74% | -3.06% | +1.32% |
Max Drawdown (5Y)Largest decline over 5 years | -10.46% | -20.81% | +10.35% |
Max Drawdown (10Y)Largest decline over 10 years | -10.46% | -20.88% | +10.42% |
Current DrawdownCurrent decline from peak | -1.47% | -2.52% | +1.05% |
Average DrawdownAverage peak-to-trough decline | -0.91% | -2.31% | +1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 1.05% | -0.62% |
Volatility
PIFZX vs. PDBZX - Volatility Comparison
The current volatility for PGIM Short-Term Corporate Bond Fund Class Z (PIFZX) is 0.79%, while PGIM Total Return Bond Fund Class Z (PDBZX) has a volatility of 1.72%. This indicates that PIFZX experiences smaller price fluctuations and is considered to be less risky than PDBZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIFZX | PDBZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 1.72% | -0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 1.49% | 2.71% | -1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.43% | 4.59% | -2.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.90% | 6.00% | -3.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.66% | 5.34% | -2.68% |