PQTSX vs. ^TNX

Last updated Apr 2, 2026

Compare and contrast key facts about PGIM TIPS Fund (PQTSX) and Treasury Yield 10 Years (^TNX).

PQTSX is managed by PGIM. It was launched on Nov 14, 2016.

Performance

PQTSX vs. ^TNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM TIPS Fund (PQTSX) and Treasury Yield 10 Years (^TNX). The values are adjusted to include any dividend payments, if applicable.

PQTSX vs. ^TNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PQTSX PGIM TIPS Fund	0.24%	6.58%	1.74%	2.34%	-13.56%	7.91%	10.20%	8.19%	-1.64%	0.92%
^TNX Treasury Yield 10 Years	3.75%	-8.97%	18.29%	-0.34%	156.55%	64.89%	-52.21%	-28.56%	11.68%	-1.84%

Returns By Period

In the year-to-date period, PQTSX achieves a 0.24% return, which is significantly lower than ^TNX's 3.75% return.

PQTSX

• 1D: 0.12%
• 1M: -1.18%
• YTD: 0.24%
• 6M: 0.04%
• 1Y: 2.67%
• 3Y*: 2.42%
• 5Y*: 1.02%
• 10Y*: —

^TNX

• 1D: 0.19%
• 1M: 6.69%
• YTD: 3.75%
• 6M: 5.19%
• 1Y: 3.92%
• 3Y*: 7.32%
• 5Y*: 20.80%
• 10Y*: 9.20%

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

Return for Risk

PQTSX vs. ^TNX — Risk / Return Rank

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

PQTSX

PQTSX Risk / Return Rank: 26
PQTSX Sharpe Ratio Rank: 20
PQTSX Sortino Ratio Rank: 16
PQTSX Omega Ratio Rank: 15
PQTSX Calmar Ratio Rank: 47
PQTSX Martin Ratio Rank: 32

^TNX

^TNX Risk / Return Rank: 22
^TNX Sharpe Ratio Rank: 26
^TNX Sortino Ratio Rank: 23
^TNX Omega Ratio Rank: 22
^TNX Calmar Ratio Rank: 19
^TNX Martin Ratio Rank: 18

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.

PQTSX vs. ^TNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM TIPS Fund (PQTSX) and Treasury Yield 10 Years (^TNX). 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.

	PQTSX	^TNX	Difference
Sharpe ratio Return per unit of total volatility	0.63	0.22	+0.41
Sortino ratio Return per unit of downside risk	0.88	0.45	+0.43
Omega ratio Gain probability vs. loss probability	1.12	1.05	+0.07
Calmar ratio Return relative to maximum drawdown	1.38	0.12	+1.26
Martin ratio Return relative to average drawdown	4.09	0.21	+3.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PQTSX vs. ^TNX - Sharpe Ratio Comparison

The current PQTSX Sharpe Ratio is 0.63, which is higher than the ^TNX Sharpe Ratio of 0.22. The chart below compares the historical Sharpe Ratios of PQTSX and ^TNX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PQTSX	^TNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.63	0.22	+0.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	0.63	-0.47
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.19	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	-0.02	+0.42

Correlation

The correlation between PQTSX and ^TNX is -0.71. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Drawdowns

PQTSX vs. ^TNX - Drawdown Comparison

The maximum PQTSX drawdown since its inception was -16.40%, smaller than the maximum ^TNX drawdown of -93.78%. Use the drawdown chart below to compare losses from any high point for PQTSX and ^TNX.

Drawdown Indicators

	PQTSX	^TNX	Difference
Max Drawdown Largest peak-to-trough decline	-16.40%	-93.78%	+77.38%
Max Drawdown (1Y) Largest decline over 1 year	-2.81%	-13.99%	+11.18%
Max Drawdown (5Y) Largest decline over 5 years	-16.40%	-31.74%	+15.34%
Max Drawdown (10Y) Largest decline over 10 years	—	-84.57%	—
Current Drawdown Current decline from peak	-4.20%	-46.17%	+41.97%
Average Drawdown Average peak-to-trough decline	-4.90%	-51.38%	+46.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.95%	8.39%	-7.44%

Volatility

PQTSX vs. ^TNX - Volatility Comparison

The current volatility for PGIM TIPS Fund (PQTSX) is 1.42%, while Treasury Yield 10 Years (^TNX) has a volatility of 5.89%. This indicates that PQTSX experiences smaller price fluctuations and is considered to be less risky than ^TNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PQTSX	^TNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.42%	5.89%	-4.47%
Volatility (6M) Calculated over the trailing 6-month period	2.39%	10.58%	-8.19%
Volatility (1Y) Calculated over the trailing 1-year period	4.42%	17.89%	-13.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.32%	32.96%	-26.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.69%	48.18%	-42.49%