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PQCNX vs. NMKBX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PQCNX vs. NMKBX

Last updated Jun 24, 2026

PQCNX (PGIM Core Conservative Bond Fund) and NMKBX (North Square McKee Bond Fund) are both Intermediate Core Bond funds. Over the past 5 years, PQCNX returned -0.42%/yr vs 0.90%/yr for NMKBX. Their correlation of 0.92 suggests significant overlap in exposure. PQCNX charges 0.50%/yr vs 0.28%/yr for NMKBX.

Performance

PQCNX vs. NMKBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Core Conservative Bond Fund (PQCNX) and North Square McKee Bond Fund (NMKBX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PQCNX achieves a 0.13% return, which is significantly lower than NMKBX's 0.38% return.

PQCNX

1D
-0.35%
1M
0.59%
YTD
0.13%
6M
0.48%
1Y
4.30%
3Y*
3.82%
5Y*
-0.42%
10Y*
—

NMKBX

1D
-0.34%
1M
0.47%
YTD
0.38%
6M
0.56%
1Y
4.36%
3Y*
4.38%
5Y*
0.90%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

PQCNX vs. NMKBX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
PQCNX
PGIM Core Conservative Bond Fund		0.13%7.13%1.44%4.88%-14.28%-2.30%0.31%
NMKBX
North Square McKee Bond Fund		0.38%7.26%1.78%5.96%-9.46%-1.24%0.10%

Correlation

The correlation between PQCNX and NMKBX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.89

Correlation (3Y)
Calculated over the trailing 3-year period

0.93

Correlation (5Y)
Calculated over the trailing 5-year period

0.93

Correlation (All Time)
Calculated using the full available price history since Dec 29, 2020

0.92

The correlation between PQCNX and NMKBX has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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PGIM Core Conservative Bond Fund

North Square McKee Bond Fund

Often compared with PQCNX:
PQCNX vs. IVVPQCNX vs. PCGTXPQCNX vs. PTRQXPQCNX vs. OWFIXPQCNX vs. DUTMXPQCNX vs. QDIBXPQCNX vs. FRFZX
Often compared with NMKBX:
NMKBX vs. ADVGXNMKBX vs. ORIGXNMKBX vs. ORILXNMKBX vs. ADVNXNMKBX vs. NSIVXNMKBX vs. ORSIXNMKBX vs. ORDNX

Return for Risk

PQCNX vs. NMKBX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PQCNX
PQCNX Risk / Return Rank: 1818
Overall Rank
PQCNX Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
PQCNX Sortino Ratio Rank: 1919
Sortino Ratio Rank
PQCNX Omega Ratio Rank: 1717
Omega Ratio Rank
PQCNX Calmar Ratio Rank: 1919
Calmar Ratio Rank
PQCNX Martin Ratio Rank: 1616
Martin Ratio Rank
NMKBX
NMKBX Risk / Return Rank: 2323
Overall Rank
NMKBX Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
NMKBX Sortino Ratio Rank: 2323
Sortino Ratio Rank
NMKBX Omega Ratio Rank: 2020
Omega Ratio Rank
NMKBX Calmar Ratio Rank: 2525
Calmar Ratio Rank
NMKBX Martin Ratio Rank: 2222
Martin Ratio Rank
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.

PQCNX vs. NMKBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Core Conservative Bond Fund (PQCNX) and North Square McKee Bond Fund (NMKBX). 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.

PQCNXNMKBXDifference
Sharpe ratioReturn per unit of total volatility
1.12
1.23

-0.11

Sortino ratioReturn per unit of downside risk
1.69
1.84

-0.15

Omega ratioGain probability vs. loss probability

1.19

1.21

-0.02

Calmar ratioReturn relative to maximum drawdown

1.44

1.71

-0.27

Martin ratioReturn relative to average drawdown

4.05

4.95

-0.90

PQCNX vs. NMKBX - Sharpe Ratio Comparison

The current PQCNX Sharpe Ratio is 1.12, which is comparable to the NMKBX Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of PQCNX and NMKBX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

PQCNX vs. NMKBX - Drawdown Comparison

The maximum PQCNX drawdown since its inception was -20.33%, which is greater than NMKBX's maximum drawdown of -14.25%. Use the drawdown chart below to compare losses from any high point for PQCNX and NMKBX.

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Drawdown Indicators

PQCNXNMKBXDifference

Max Drawdown

Largest peak-to-trough decline

-20.33%

-14.25%

-6.08%

Max Drawdown (1Y)

Largest decline over 1 year

-3.17%

-2.69%

-0.48%

Max Drawdown (3Y)

Largest decline over 3 years

-6.37%

-6.84%

+0.47%

Max Drawdown (5Y)

Largest decline over 5 years

-19.42%

-14.25%

-5.17%

Current Drawdown

Current decline from peak

-4.81%

-1.45%

-3.36%

Average Drawdown

Average peak-to-trough decline

-6.06%

-4.50%

-1.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.13%

0.93%

+0.20%

Volatility

PQCNX vs. NMKBX - Volatility Comparison

PGIM Core Conservative Bond Fund (PQCNX) and North Square McKee Bond Fund (NMKBX) have volatilities of 1.19% and 1.18%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PQCNXNMKBXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.19%

1.18%

+0.01%

Volatility (6M)

Calculated over the trailing 6-month period

3.02%

2.80%

+0.22%

Volatility (1Y)

Calculated over the trailing 1-year period

4.08%

3.75%

+0.33%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.12%

5.44%

+0.68%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.10%

5.23%

-0.13%

PQCNX vs. NMKBX - Expense Ratio Comparison

PQCNX has a 0.50% expense ratio, which is higher than NMKBX's 0.28% expense ratio.

Dividends

PQCNX vs. NMKBX - Dividend Comparison

PQCNX's dividend yield for the trailing twelve months is around 4.26%, more than NMKBX's 4.19% yield.

PositionTTM202520242023202220212020201920182017
NMKBX
North Square McKee Bond Fund		4.19%4.25%4.19%3.54%2.12%0.77%0.00%0.00%0.00%0.00%
PQCNX
PGIM Core Conservative Bond Fund		4.26%4.17%3.91%2.74%1.98%2.13%3.13%2.71%2.66%0.97%

Frequently Asked Questions

PQCNX and NMKBX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PQCNX has higher volatility (1.19%) compared to NMKBX (1.18%). In terms of maximum drawdown, PQCNX dropped -20.33% vs NMKBX's -14.25%.

NMKBX currently has the higher Sharpe Ratio (1.23 vs 1.12), 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.

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