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PRKZX vs. PBSMX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

PRKZX vs. PBSMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Real Estate Income Fund (PRKZX) and PGIM Short-Term Corporate Bond Fund (PBSMX). The values are adjusted to include any dividend payments, if applicable.

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PRKZX vs. PBSMX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
PRKZX
PGIM Real Estate Income Fund
0.93%3.74%17.55%10.54%-16.17%21.17%-8.68%30.19%-10.05%6.55%
PBSMX
PGIM Short-Term Corporate Bond Fund
-0.49%6.41%4.25%5.98%-7.06%-0.71%5.16%6.47%0.35%1.86%

Returns By Period

In the year-to-date period, PRKZX achieves a 0.93% return, which is significantly higher than PBSMX's -0.49% return. Over the past 10 years, PRKZX has outperformed PBSMX with an annualized return of 5.25%, while PBSMX has yielded a comparatively lower 2.23% annualized return.


PRKZX

1D
0.42%
1M
-7.29%
YTD
0.93%
6M
-2.48%
1Y
5.56%
3Y*
10.82%
5Y*
5.33%
10Y*
5.25%

PBSMX

1D
0.19%
1M
-1.47%
YTD
-0.49%
6M
0.65%
1Y
3.94%
3Y*
4.66%
5Y*
1.71%
10Y*
2.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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PRKZX vs. PBSMX - Expense Ratio Comparison

PRKZX has a 1.38% expense ratio, which is higher than PBSMX's 0.71% expense ratio.


Return for Risk

PRKZX vs. PBSMX — Risk / Return Rank

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

PRKZX
PRKZX Risk / Return Rank: 1717
Overall Rank
PRKZX Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
PRKZX Sortino Ratio Rank: 1616
Sortino Ratio Rank
PRKZX Omega Ratio Rank: 1515
Omega Ratio Rank
PRKZX Calmar Ratio Rank: 1919
Calmar Ratio Rank
PRKZX Martin Ratio Rank: 1818
Martin Ratio Rank

PBSMX
PBSMX Risk / Return Rank: 9292
Overall Rank
PBSMX Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
PBSMX Sortino Ratio Rank: 9494
Sortino Ratio Rank
PBSMX Omega Ratio Rank: 9191
Omega Ratio Rank
PBSMX Calmar Ratio Rank: 9292
Calmar Ratio Rank
PBSMX Martin Ratio Rank: 9292
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.

PRKZX vs. PBSMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Real Estate Income Fund (PRKZX) and PGIM Short-Term Corporate Bond Fund (PBSMX). 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.


PRKZXPBSMXDifference

Sharpe ratio

Return per unit of total volatility

0.47

1.92

-1.45

Sortino ratio

Return per unit of downside risk

0.73

3.03

-2.30

Omega ratio

Gain probability vs. loss probability

1.10

1.42

-0.32

Calmar ratio

Return relative to maximum drawdown

0.58

2.76

-2.18

Martin ratio

Return relative to average drawdown

1.84

10.84

-9.00

PRKZX vs. PBSMX - Sharpe Ratio Comparison

The current PRKZX Sharpe Ratio is 0.47, which is lower than the PBSMX Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of PRKZX and PBSMX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


PRKZXPBSMXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.47

1.92

-1.45

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.37

0.60

-0.23

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.31

0.86

-0.55

Sharpe Ratio (All Time)

Calculated using the full available price history

0.33

1.60

-1.27

Correlation

The correlation between PRKZX and PBSMX is 0.22, 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

PRKZX vs. PBSMX - Dividend Comparison

PRKZX's dividend yield for the trailing twelve months is around 7.28%, more than PBSMX's 3.51% yield.


TTM20252024202320222021202020192018201720162015
PRKZX
PGIM Real Estate Income Fund
7.28%7.09%8.63%4.25%5.53%29.71%4.27%4.53%5.65%5.18%4.96%0.00%
PBSMX
PGIM Short-Term Corporate Bond Fund
3.51%3.74%3.00%2.65%2.02%1.79%2.22%2.57%2.57%2.40%2.40%2.56%

Drawdowns

PRKZX vs. PBSMX - Drawdown Comparison

The maximum PRKZX drawdown since its inception was -46.95%, which is greater than PBSMX's maximum drawdown of -10.70%. Use the drawdown chart below to compare losses from any high point for PRKZX and PBSMX.


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Drawdown Indicators


PRKZXPBSMXDifference

Max Drawdown

Largest peak-to-trough decline

-46.95%

-10.70%

-36.25%

Max Drawdown (1Y)

Largest decline over 1 year

-10.11%

-1.65%

-8.46%

Max Drawdown (5Y)

Largest decline over 5 years

-25.96%

-10.70%

-15.26%

Max Drawdown (10Y)

Largest decline over 10 years

-46.95%

-10.70%

-36.25%

Current Drawdown

Current decline from peak

-7.88%

-1.47%

-6.41%

Average Drawdown

Average peak-to-trough decline

-7.61%

-0.88%

-6.73%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.18%

0.42%

+2.76%

Volatility

PRKZX vs. PBSMX - Volatility Comparison

PGIM Real Estate Income Fund (PRKZX) has a higher volatility of 4.38% compared to PGIM Short-Term Corporate Bond Fund (PBSMX) at 0.66%. This indicates that PRKZX's price experiences larger fluctuations and is considered to be riskier than PBSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


PRKZXPBSMXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.38%

0.66%

+3.72%

Volatility (6M)

Calculated over the trailing 6-month period

7.60%

1.32%

+6.28%

Volatility (1Y)

Calculated over the trailing 1-year period

13.11%

2.29%

+10.82%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.44%

2.86%

+11.58%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.15%

2.62%

+14.53%