Correlation
The correlation between PRNMX and BBMUX is -0.01. 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.
PRNMX vs. BBMUX
Compare and contrast key facts about PGIM National Muni Fund (PRNMX) and Bridge Builder Municipal Bond Fund (BBMUX).
PRNMX is managed by PGIM Investments. It was launched on Jan 21, 1990. BBMUX is managed by Bridge Builder. It was launched on Sep 13, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRNMX or BBMUX.
Performance
PRNMX vs. BBMUX - Performance Comparison
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Key characteristics
PRNMX:
0.57
BBMUX:
0.71
PRNMX:
0.68
BBMUX:
0.86
PRNMX:
1.14
BBMUX:
1.15
PRNMX:
0.45
BBMUX:
0.64
PRNMX:
2.01
BBMUX:
2.15
PRNMX:
1.09%
BBMUX:
1.19%
PRNMX:
4.37%
BBMUX:
4.10%
PRNMX:
-12.72%
BBMUX:
-12.15%
PRNMX:
-2.44%
BBMUX:
-1.91%
Returns By Period
In the year-to-date period, PRNMX achieves a -0.28% return, which is significantly higher than BBMUX's -0.36% return.
PRNMX
-0.28%
-0.07%
-1.22%
2.22%
2.06%
0.96%
1.93%
BBMUX
-0.36%
-0.21%
-1.27%
2.58%
2.24%
1.37%
N/A
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PRNMX vs. BBMUX - Expense Ratio Comparison
PRNMX has a 0.61% expense ratio, which is higher than BBMUX's 0.15% expense ratio.
Risk-Adjusted Performance
PRNMX vs. BBMUX — Risk-Adjusted Performance Rank
PRNMX
BBMUX
PRNMX vs. BBMUX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM National Muni Fund (PRNMX) and Bridge Builder Municipal Bond Fund (BBMUX). 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.
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Dividends
PRNMX vs. BBMUX - Dividend Comparison
PRNMX's dividend yield for the trailing twelve months is around 2.82%, less than BBMUX's 3.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRNMX PGIM National Muni Fund | 2.82% | 2.94% | 2.40% | 2.04% | 1.88% | 2.50% | 3.07% | 3.43% | 3.43% | 3.59% | 3.61% | 3.64% |
BBMUX Bridge Builder Municipal Bond Fund | 3.22% | 3.38% | 2.94% | 2.40% | 1.93% | 2.30% | 2.61% | 2.35% | 1.95% | 1.99% | 0.70% | 0.00% |
Drawdowns
PRNMX vs. BBMUX - Drawdown Comparison
The maximum PRNMX drawdown since its inception was -12.72%, roughly equal to the maximum BBMUX drawdown of -12.15%. Use the drawdown chart below to compare losses from any high point for PRNMX and BBMUX.
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Volatility
PRNMX vs. BBMUX - Volatility Comparison
The current volatility for PGIM National Muni Fund (PRNMX) is 0.38%, while Bridge Builder Municipal Bond Fund (BBMUX) has a volatility of 0.51%. This indicates that PRNMX experiences smaller price fluctuations and is considered to be less risky than BBMUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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