PSTQX vs. ^GSPC
Compare and contrast key facts about PGIM Short-Term Corporate Bond Fund - Class R6 (PSTQX) and S&P 500 (^GSPC).
PSTQX is managed by PGIM Funds (Prudential). It was launched on Mar 2, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSTQX or ^GSPC.
Key characteristics
| PSTQX | ^GSPC | |
|---|---|---|
| YTD Return | 4.51% | 25.45% |
| 1Y Return | 8.38% | 35.64% |
| 3Y Return (Ann) | 1.54% | 8.55% |
| 5Y Return (Ann) | 2.09% | 14.13% |
| 10Y Return (Ann) | 2.36% | 11.39% |
| Sharpe Ratio | 3.02 | 2.90 |
| Sortino Ratio | 4.93 | 3.87 |
| Omega Ratio | 1.68 | 1.54 |
| Calmar Ratio | 1.92 | 4.19 |
| Martin Ratio | 17.81 | 18.72 |
| Ulcer Index | 0.47% | 1.90% |
| Daily Std Dev | 2.78% | 12.27% |
| Max Drawdown | -10.08% | -56.78% |
| Current Drawdown | -1.15% | -0.29% |
Correlation
The correlation between PSTQX and ^GSPC is -0.02. 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.
Performance
PSTQX vs. ^GSPC - Performance Comparison
In the year-to-date period, PSTQX achieves a 4.51% return, which is significantly lower than ^GSPC's 25.45% return. Over the past 10 years, PSTQX has underperformed ^GSPC with an annualized return of 2.36%, while ^GSPC has yielded a comparatively higher 11.39% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
PSTQX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Short-Term Corporate Bond Fund - Class R6 (PSTQX) and S&P 500 (^GSPC). 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.
Drawdowns
PSTQX vs. ^GSPC - Drawdown Comparison
The maximum PSTQX drawdown since its inception was -10.08%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for PSTQX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
PSTQX vs. ^GSPC - Volatility Comparison
The current volatility for PGIM Short-Term Corporate Bond Fund - Class R6 (PSTQX) is 0.66%, while S&P 500 (^GSPC) has a volatility of 3.86%. This indicates that PSTQX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.