PQCMX vs. VCMDX

Last updated Jun 25, 2026

PQCMX (PGIM Quant Solutions Commodity Strategies Fund) and VCMDX (Vanguard Commodity Strategy Fund Admiral Shares) are both Commodities funds. Over the past 5 years, PQCMX returned 10.51%/yr vs 10.30%/yr for VCMDX. With a 0.97 correlation, they move nearly in lockstep. PQCMX charges 0.62%/yr vs 0.20%/yr for VCMDX.

Performance

PQCMX vs. VCMDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Quant Solutions Commodity Strategies Fund (PQCMX) and Vanguard Commodity Strategy Fund Admiral Shares (VCMDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PQCMX achieves a 19.88% return, which is significantly higher than VCMDX's 12.03% return.

PQCMX

• 1D: -1.07%
• 1M: -10.05%
• YTD: 19.88%
• 6M: 18.18%
• 1Y: 30.29%
• 3Y*: 12.50%
• 5Y*: 10.51%
• 10Y*: —

VCMDX

• 1D: -1.22%
• 1M: -8.79%
• YTD: 12.03%
• 6M: 10.67%
• 1Y: 22.55%
• 3Y*: 11.59%
• 5Y*: 10.30%
• 10Y*: —

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

PQCMX vs. VCMDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PQCMX PGIM Quant Solutions Commodity Strategies Fund	19.88%	13.62%	5.09%	-8.67%	19.10%	27.81%	-1.13%	2.74%
VCMDX Vanguard Commodity Strategy Fund Admiral Shares	12.03%	18.20%	5.27%	-7.45%	13.83%	34.82%	5.07%	2.74%

Correlation

The correlation between PQCMX and VCMDX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jun 26, 2019	0.97

The correlation between PQCMX and VCMDX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

Return for Risk

PQCMX vs. VCMDX — Risk / Return Rank

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

PQCMX

PQCMX Risk / Return Rank: 38
PQCMX Sharpe Ratio Rank: 37
PQCMX Sortino Ratio Rank: 32
PQCMX Omega Ratio Rank: 36
PQCMX Calmar Ratio Rank: 38
PQCMX Martin Ratio Rank: 47

VCMDX

VCMDX Risk / Return Rank: 26
VCMDX Sharpe Ratio Rank: 26
VCMDX Sortino Ratio Rank: 22
VCMDX Omega Ratio Rank: 25
VCMDX Calmar Ratio Rank: 24
VCMDX Martin Ratio Rank: 33

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.

PQCMX vs. VCMDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Quant Solutions Commodity Strategies Fund (PQCMX) and Vanguard Commodity Strategy Fund Admiral Shares (VCMDX). 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.

	PQCMX	VCMDX	Difference
Sharpe ratio: Return per unit of total volatility	1.57	1.33	+0.24
Sortino ratio: Return per unit of downside risk	2.08	1.79	+0.29
Omega ratio: Gain probability vs. loss probability	1.28	1.24	+0.05
Calmar ratio: Return relative to maximum drawdown	2.13	1.67	+0.46
Martin ratio: Return relative to average drawdown	8.88	7.06	+1.82

PQCMX vs. VCMDX - Sharpe Ratio Comparison

The current PQCMX Sharpe Ratio is 1.57, which is comparable to the VCMDX Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of PQCMX and VCMDX, 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

PQCMX vs. VCMDX - Drawdown Comparison

The maximum PQCMX drawdown since its inception was -33.00%, which is greater than VCMDX's maximum drawdown of -26.67%. Use the drawdown chart below to compare losses from any high point for PQCMX and VCMDX.

Drawdown Indicators

	PQCMX	VCMDX	Difference
Max Drawdown Largest peak-to-trough decline	-33.00%	-26.67%	-6.33%
Max Drawdown (1Y) Largest decline over 1 year	-12.70%	-11.94%	-0.76%
Max Drawdown (3Y) Largest decline over 3 years	-12.70%	-11.94%	-0.76%
Max Drawdown (5Y) Largest decline over 5 years	-26.78%	-25.45%	-1.33%
Current Drawdown Current decline from peak	-12.70%	-11.94%	-0.76%
Average Drawdown Average peak-to-trough decline	-11.79%	-10.83%	-0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.08%	2.85%	+0.23%

Volatility

PQCMX vs. VCMDX - Volatility Comparison

PGIM Quant Solutions Commodity Strategies Fund (PQCMX) has a higher volatility of 3.87% compared to Vanguard Commodity Strategy Fund Admiral Shares (VCMDX) at 3.60%. This indicates that PQCMX's price experiences larger fluctuations and is considered to be riskier than VCMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PQCMX	VCMDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.87%	3.60%	+0.27%
Volatility (6M) Calculated over the trailing 6-month period	15.33%	12.90%	+2.43%
Volatility (1Y) Calculated over the trailing 1-year period	17.37%	15.08%	+2.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.03%	15.84%	+1.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.18%	15.38%	-0.20%

PQCMX vs. VCMDX - Expense Ratio Comparison

PQCMX has a 0.62% expense ratio, which is higher than VCMDX's 0.20% expense ratio.

Dividends

PQCMX vs. VCMDX - Dividend Comparison

PQCMX's dividend yield for the trailing twelve months is around 6.74%, less than VCMDX's 13.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
PQCMX PGIM Quant Solutions Commodity Strategies Fund	6.74%	8.09%	4.14%	3.93%	31.36%	47.61%	0.00%	1.02%	3.02%	1.42%
VCMDX Vanguard Commodity Strategy Fund Admiral Shares	13.58%	15.21%	2.19%	2.50%	14.21%	30.56%	0.50%	0.60%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PQCMX and VCMDX in my portfolio?

With a correlation of 0.96, PQCMX and VCMDX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PQCMX or VCMDX?

PQCMX has higher volatility (3.87%) compared to VCMDX (3.60%). In terms of maximum drawdown, PQCMX dropped -33.00% vs VCMDX's -26.67%.

Which has better risk-adjusted returns?

PQCMX currently has the higher Sharpe Ratio (1.57 vs 1.33), 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.