PSTQX vs. FTBFX
Compare and contrast key facts about PGIM Short-Term Corporate Bond Fund - Class R6 (PSTQX) and Fidelity Total Bond Fund (FTBFX).
PSTQX is managed by PGIM Funds (Prudential). It was launched on Mar 2, 2012. FTBFX is managed by Fidelity. It was launched on Oct 15, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSTQX or FTBFX.
Key characteristics
| PSTQX | FTBFX | |
|---|---|---|
| YTD Return | 4.80% | 4.00% |
| 1Y Return | 8.69% | 10.64% |
| 3Y Return (Ann) | 1.48% | -1.29% |
| 5Y Return (Ann) | 2.20% | 0.81% |
| 10Y Return (Ann) | 2.40% | 2.09% |
| Sharpe Ratio | 3.01 | 1.65 |
| Sortino Ratio | 4.91 | 2.46 |
| Omega Ratio | 1.68 | 1.30 |
| Calmar Ratio | 1.92 | 0.69 |
| Martin Ratio | 18.13 | 6.66 |
| Ulcer Index | 0.46% | 1.38% |
| Daily Std Dev | 2.78% | 5.71% |
| Max Drawdown | -10.08% | -18.19% |
| Current Drawdown | -0.87% | -4.77% |
Correlation
The correlation between PSTQX and FTBFX is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PSTQX vs. FTBFX - Performance Comparison
In the year-to-date period, PSTQX achieves a 4.80% return, which is significantly higher than FTBFX's 4.00% return. Over the past 10 years, PSTQX has outperformed FTBFX with an annualized return of 2.40%, while FTBFX has yielded a comparatively lower 2.09% 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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PSTQX vs. FTBFX - Expense Ratio Comparison
PSTQX has a 0.38% expense ratio, which is lower than FTBFX's 0.45% expense ratio.
Risk-Adjusted Performance
PSTQX vs. FTBFX - 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 Fidelity Total Bond Fund (FTBFX). 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.
Dividends
PSTQX vs. FTBFX - Dividend Comparison
PSTQX's dividend yield for the trailing twelve months is around 3.86%, less than FTBFX's 4.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSTQX PGIM Short-Term Corporate Bond Fund - Class R6 | 3.86% | 3.54% | 2.75% | 2.28% | 2.58% | 2.97% | 2.96% | 2.85% | 2.75% | 2.93% | 3.11% | 3.27% |
FTBFX Fidelity Total Bond Fund | 4.58% | 4.15% | 3.34% | 2.19% | 2.53% | 2.95% | 3.19% | 2.74% | 2.95% | 3.71% | 2.99% | 3.91% |
Drawdowns
PSTQX vs. FTBFX - Drawdown Comparison
The maximum PSTQX drawdown since its inception was -10.08%, smaller than the maximum FTBFX drawdown of -18.19%. Use the drawdown chart below to compare losses from any high point for PSTQX and FTBFX. For additional features, visit the drawdowns tool.
Volatility
PSTQX vs. FTBFX - Volatility Comparison
The current volatility for PGIM Short-Term Corporate Bond Fund - Class R6 (PSTQX) is 0.60%, while Fidelity Total Bond Fund (FTBFX) has a volatility of 1.55%. This indicates that PSTQX experiences smaller price fluctuations and is considered to be less risky than FTBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.