PIFZX vs. VFIDX

Last updated Aug 1, 2026

PIFZX (PGIM Short-Term Corporate Bond Fund Class Z) and VFIDX (Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares) are both mutual funds - PIFZX is a Short-Term Bond fund actively managed by PGIM, while VFIDX is a Total Bond Market fund tracking the Bloomberg U.S. 5-10 Year Credit Bond Index. PIFZX is actively managed, while VFIDX is passively managed. Over the past 10 years, PIFZX returned 2.40%/yr vs 2.48%/yr for VFIDX. Their correlation of 0.81 means they have usually moved in the same direction. PIFZX charges 0.47%/yr vs 0.09%/yr for VFIDX.

Performance

PIFZX vs. VFIDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Short-Term Corporate Bond Fund Class Z (PIFZX) and Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares (VFIDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PIFZX achieves a 0.57% return, which is significantly higher than VFIDX's -0.87% return. Both investments have delivered pretty close results over the past 10 years, with PIFZX having a 2.40% annualized return and VFIDX not far ahead at 2.48%.

PIFZX

• 1D: 0.09%
• 1M: -0.37%
• 6M: 0.12%
• YTD: 0.57%
• 1Y: 2.76%
• 3Y*: 4.97%
• 5Y*: 1.90%
• 10Y*: 2.40%
• ALL TIME*: 3.85%

VFIDX

• 1D: 0.12%
• 1M: -1.37%
• 6M: -0.95%
• YTD: -0.87%
• 1Y: 2.14%
• 3Y*: 5.55%
• 5Y*: 0.70%
• 10Y*: 2.48%
• ALL TIME*: 4.32%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PIFZX PGIM Short-Term Corporate Bond Fund Class Z	$0.00	$0.00	$0.00
VFIDX Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares	$0.00	$0.00	$0.00

PIFZX vs. VFIDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PIFZX PGIM Short-Term Corporate Bond Fund Class Z	0.57%	6.66%	4.47%	6.20%	-6.85%	-0.60%	5.44%	6.76%	0.62%	2.23%
VFIDX Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares	-0.87%	9.67%	3.29%	8.63%	-13.77%	-1.51%	10.44%	10.50%	-0.44%	4.28%

Correlation

The correlation between PIFZX and VFIDX is 0.85, 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.	0.85
Correlation (3Y) Balances recent behavior with more history.	0.87
Correlation (5Y) Shows whether the relationship held over a longer period.	0.88
Correlation (10Y) Provides a long-term view across more market conditions.	0.84
Correlation (All Time) Calculated using the full available price history since Feb 12, 2001	0.81

The correlation between PIFZX and VFIDX has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.

Return for Risk

PIFZX vs. VFIDX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PIFZX

PIFZX Risk / Return Rank: 66
PIFZX Sharpe Ratio Rank: 68
PIFZX Sortino Ratio Rank: 76
PIFZX Omega Ratio Rank: 76
PIFZX Calmar Ratio Rank: 59
PIFZX Martin Ratio Rank: 51

VFIDX

VFIDX Risk / Return Rank: 23
VFIDX Sharpe Ratio Rank: 24
VFIDX Sortino Ratio Rank: 24
VFIDX Omega Ratio Rank: 23
VFIDX Calmar Ratio Rank: 23
VFIDX Martin Ratio Rank: 22

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PIFZX vs. VFIDX - 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 Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares (VFIDX). 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.

	PIFZX	VFIDX	Difference
Sharpe ratio: Return per unit of total volatility	1.63	0.82	+0.81
Sortino ratio: Return per unit of downside risk	2.66	1.22	+1.45
Omega ratio: Gain probability vs. loss probability	1.34	1.15	+0.20
Calmar ratio: Return relative to maximum drawdown	2.08	1.02	+1.06
Martin ratio: Return relative to average drawdown	7.14	2.96	+4.18

PIFZX vs. VFIDX - Sharpe Ratio Comparison

The current PIFZX Sharpe Ratio is 1.63, which is higher than the VFIDX Sharpe Ratio of 0.82. The chart below compares the historical Sharpe Ratios of PIFZX and VFIDX, 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

PIFZX vs. VFIDX - Drawdown Comparison

The maximum PIFZX drawdown since its inception was -10.46%, smaller than the maximum VFIDX drawdown of -20.14%. Use the drawdown chart below to compare losses from any high point for PIFZX and VFIDX.

Drawdown Indicators

	PIFZX	VFIDX	Difference
Max Drawdown Largest peak-to-trough decline	-10.46%	-20.14%	+9.68%
Max Drawdown (1Y) Largest decline over 1 year	-1.74%	-3.34%	+1.60%
Max Drawdown (3Y) Largest decline over 3 years	-1.74%	-5.40%	+3.66%
Max Drawdown (5Y) Largest decline over 5 years	-10.38%	-20.06%	+9.68%
Max Drawdown (10Y) Largest decline over 10 years	-10.46%	-20.14%	+9.68%
Current Drawdown Current decline from peak	-0.56%	-2.34%	+1.78%
Average Drawdown Average peak-to-trough decline	-0.91%	-2.60%	+1.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.51%	1.15%	-0.64%

Volatility

PIFZX vs. VFIDX - Volatility Comparison

The current volatility for PGIM Short-Term Corporate Bond Fund Class Z (PIFZX) is 0.50%, while Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares (VFIDX) has a volatility of 1.01%. This indicates that PIFZX experiences smaller price fluctuations and is considered to be less risky than VFIDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PIFZX	VFIDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.50%	1.01%	-0.51%
Volatility (6M) Calculated over the trailing 6-month period	1.77%	3.34%	-1.57%
Volatility (1Y) Calculated over the trailing 1-year period	2.21%	4.15%	-1.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.95%	6.40%	-3.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.68%	5.20%	-2.52%

PIFZX vs. VFIDX - Expense Ratio Comparison

PIFZX has a 0.47% expense ratio, which is higher than VFIDX's 0.09% expense ratio.

Dividends

PIFZX vs. VFIDX - Dividend Comparison

PIFZX's dividend yield for the trailing twelve months is around 3.78%, less than VFIDX's 4.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PIFZX PGIM Short-Term Corporate Bond Fund Class Z	3.78%	3.99%	3.22%	2.85%	2.24%	1.99%	2.49%	2.85%	2.83%	2.77%	2.65%	2.82%
VFIDX Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares	4.76%	4.91%	4.65%	3.90%	3.20%	3.61%	5.80%	3.13%	3.32%	3.06%	3.94%	3.64%

Frequently Asked Questions

Can I hold both PIFZX and VFIDX in my portfolio?

PIFZX and VFIDX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PIFZX or VFIDX?

VFIDX has higher volatility (1.01%) compared to PIFZX (0.50%). In terms of maximum drawdown, PIFZX dropped -10.46% vs VFIDX's -20.14%.

Which has better risk-adjusted returns?

PIFZX currently has the higher Sharpe Ratio (1.63 vs 0.82), 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.