PRNMX vs. PDBZX
Compare and contrast key facts about PGIM National Muni Fund (PRNMX) and PGIM Total Return Bond Fund Class Z (PDBZX).
PRNMX is managed by PGIM. It was launched on Jan 21, 1990. PDBZX is managed by PGIM. It was launched on Jan 14, 1997.
Performance
PRNMX vs. PDBZX - Performance Comparison
Loading graphics...
PRNMX vs. PDBZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRNMX PGIM National Muni Fund | -0.54% | 5.76% | 1.77% | 5.10% | -8.55% | 0.97% | 4.08% | 7.13% | 0.55% | 4.66% |
PDBZX PGIM Total Return Bond Fund Class Z | -0.53% | 7.70% | 2.87% | 7.70% | -14.33% | -1.46% | 8.01% | 14.76% | -0.72% | 6.60% |
Returns By Period
The year-to-date returns for both investments are quite close, with PRNMX having a -0.54% return and PDBZX slightly higher at -0.53%. Over the past 10 years, PRNMX has underperformed PDBZX with an annualized return of 1.89%, while PDBZX has yielded a comparatively higher 2.93% annualized return.
PRNMX
- 1D
- 0.07%
- 1M
- -2.59%
- YTD
- -0.54%
- 6M
- 1.00%
- 1Y
- 4.11%
- 3Y*
- 3.31%
- 5Y*
- 0.84%
- 10Y*
- 1.89%
PDBZX
- 1D
- 0.50%
- 1M
- -2.52%
- YTD
- -0.53%
- 6M
- 0.58%
- 1Y
- 4.25%
- 3Y*
- 4.79%
- 5Y*
- 1.00%
- 10Y*
- 2.93%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PRNMX vs. PDBZX - Expense Ratio Comparison
PRNMX has a 0.61% expense ratio, which is higher than PDBZX's 0.49% expense ratio.
Return for Risk
PRNMX vs. PDBZX — Risk / Return Rank
PRNMX
PDBZX
PRNMX vs. PDBZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM National Muni Fund (PRNMX) and PGIM Total Return Bond Fund Class Z (PDBZX). 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.
| PRNMX | PDBZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.19 | 1.04 | +0.15 |
Sortino ratioReturn per unit of downside risk | 1.61 | 1.48 | +0.13 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.18 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 1.31 | 1.75 | -0.44 |
Martin ratioReturn relative to average drawdown | 5.31 | 5.12 | +0.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PRNMX | PDBZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 1.04 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.17 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.55 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.22 | 1.09 | +0.13 |
Correlation
The correlation between PRNMX and PDBZX is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
PRNMX vs. PDBZX - Dividend Comparison
PRNMX's dividend yield for the trailing twelve months is around 3.23%, less than PDBZX's 4.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRNMX PGIM National Muni Fund | 3.23% | 4.17% | 2.98% | 1.97% | 1.71% | 1.69% | 2.50% | 2.80% | 3.35% | 3.39% | 3.61% | 3.31% |
PDBZX PGIM Total Return Bond Fund Class Z | 4.19% | 4.54% | 4.79% | 4.60% | 5.73% | 2.73% | 2.94% | 10.36% | 4.01% | 2.87% | 3.92% | 3.33% |
Drawdowns
PRNMX vs. PDBZX - Drawdown Comparison
The maximum PRNMX drawdown since its inception was -12.72%, smaller than the maximum PDBZX drawdown of -20.88%. Use the drawdown chart below to compare losses from any high point for PRNMX and PDBZX.
Loading graphics...
Drawdown Indicators
| PRNMX | PDBZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.72% | -20.88% | +8.16% |
Max Drawdown (1Y)Largest decline over 1 year | -3.72% | -3.06% | -0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -12.61% | -20.81% | +8.20% |
Max Drawdown (10Y)Largest decline over 10 years | -12.72% | -20.88% | +8.16% |
Current DrawdownCurrent decline from peak | -2.59% | -2.52% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -1.97% | -2.31% | +0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 1.05% | -0.13% |
Volatility
PRNMX vs. PDBZX - Volatility Comparison
The current volatility for PGIM National Muni Fund (PRNMX) is 0.80%, while PGIM Total Return Bond Fund Class Z (PDBZX) has a volatility of 1.72%. This indicates that PRNMX experiences smaller price fluctuations and is considered to be less risky than PDBZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PRNMX | PDBZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.80% | 1.72% | -0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 1.38% | 2.71% | -1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | 4.59% | -0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.98% | 6.00% | -3.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.54% | 5.34% | -1.80% |