PQCNX vs. FRFZX
Compare and contrast key facts about PGIM Core Conservative Bond Fund (PQCNX) and PGIM Floating Rate Income Fund (FRFZX).
PQCNX is managed by PGIM. It was launched on Nov 15, 2016. FRFZX is managed by PGIM. It was launched on Mar 29, 2011.
Performance
PQCNX vs. FRFZX - Performance Comparison
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PQCNX vs. FRFZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PQCNX PGIM Core Conservative Bond Fund | -0.47% | 7.13% | 1.44% | 4.88% | -14.28% | -2.30% | 7.01% | 8.41% | -0.38% | 1.89% |
FRFZX PGIM Floating Rate Income Fund | -0.61% | 5.66% | 9.45% | 14.11% | -3.56% | 5.46% | 4.62% | 7.47% | -0.13% | 4.48% |
Returns By Period
In the year-to-date period, PQCNX achieves a -0.47% return, which is significantly higher than FRFZX's -0.61% return.
PQCNX
- 1D
- 0.47%
- 1M
- -2.49%
- YTD
- -0.47%
- 6M
- 0.47%
- 1Y
- 3.81%
- 3Y*
- 3.23%
- 5Y*
- -0.26%
- 10Y*
- —
FRFZX
- 1D
- -0.11%
- 1M
- -0.34%
- YTD
- -0.61%
- 6M
- 0.74%
- 1Y
- 4.85%
- 3Y*
- 8.27%
- 5Y*
- 5.44%
- 10Y*
- 5.30%
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PQCNX vs. FRFZX - Expense Ratio Comparison
PQCNX has a 0.50% expense ratio, which is lower than FRFZX's 0.70% expense ratio.
Return for Risk
PQCNX vs. FRFZX — Risk / Return Rank
PQCNX
FRFZX
PQCNX vs. FRFZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Core Conservative Bond Fund (PQCNX) and PGIM Floating Rate Income Fund (FRFZX). 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.
| PQCNX | FRFZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 1.95 | -0.98 |
Sortino ratioReturn per unit of downside risk | 1.39 | 3.26 | -1.86 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.62 | -0.46 |
Calmar ratioReturn relative to maximum drawdown | 1.67 | 2.21 | -0.54 |
Martin ratioReturn relative to average drawdown | 4.81 | 9.23 | -4.43 |
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
| PQCNX | FRFZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 1.95 | -0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | 1.78 | -1.83 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.34 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 1.36 | -1.12 |
Correlation
The correlation between PQCNX and FRFZX is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PQCNX vs. FRFZX - Dividend Comparison
PQCNX's dividend yield for the trailing twelve months is around 3.88%, less than FRFZX's 7.00% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PQCNX PGIM Core Conservative Bond Fund | 3.88% | 4.17% | 3.91% | 2.74% | 1.98% | 2.13% | 3.13% | 2.71% | 2.66% | 0.97% | 0.00% | 0.00% |
FRFZX PGIM Floating Rate Income Fund | 7.00% | 7.65% | 8.76% | 8.87% | 6.41% | 3.33% | 5.35% | 5.42% | 5.06% | 4.90% | 4.34% | 3.97% |
Drawdowns
PQCNX vs. FRFZX - Drawdown Comparison
The maximum PQCNX drawdown since its inception was -20.33%, smaller than the maximum FRFZX drawdown of -21.95%. Use the drawdown chart below to compare losses from any high point for PQCNX and FRFZX.
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Drawdown Indicators
| PQCNX | FRFZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.33% | -21.95% | +1.62% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | -2.23% | -0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -19.42% | -7.85% | -11.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.95% | — |
Current DrawdownCurrent decline from peak | -5.38% | -0.85% | -4.53% |
Average DrawdownAverage peak-to-trough decline | -6.09% | -0.93% | -5.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 0.56% | +0.46% |
Volatility
PQCNX vs. FRFZX - Volatility Comparison
PGIM Core Conservative Bond Fund (PQCNX) has a higher volatility of 1.72% compared to PGIM Floating Rate Income Fund (FRFZX) at 0.60%. This indicates that PQCNX's price experiences larger fluctuations and is considered to be riskier than FRFZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PQCNX | FRFZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 0.60% | +1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 1.58% | +1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.58% | 2.72% | +1.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.09% | 3.07% | +3.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.12% | 3.96% | +1.16% |