PSTQX vs. PIMIX
Compare and contrast key facts about PGIM Short-Term Corporate Bond Fund - Class R6 (PSTQX) and PIMCO Income Fund Institutional Class (PIMIX).
PSTQX is managed by PGIM Funds (Prudential). It was launched on Mar 2, 2012. PIMIX is managed by PIMCO. It was launched on Mar 30, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSTQX or PIMIX.
Key characteristics
| PSTQX | PIMIX | |
|---|---|---|
| YTD Return | 5.39% | 6.33% |
| 1Y Return | 10.01% | 11.90% |
| 3Y Return (Ann) | 1.58% | 2.60% |
| 5Y Return (Ann) | 2.41% | 3.80% |
| 10Y Return (Ann) | 2.48% | 4.44% |
| Sharpe Ratio | 3.39 | 2.37 |
| Daily Std Dev | 2.92% | 4.97% |
| Max Drawdown | -10.08% | -13.39% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between PSTQX and PIMIX is 0.60, 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.
Performance
PSTQX vs. PIMIX - Performance Comparison
In the year-to-date period, PSTQX achieves a 5.39% return, which is significantly lower than PIMIX's 6.33% return. Over the past 10 years, PSTQX has underperformed PIMIX with an annualized return of 2.48%, while PIMIX has yielded a comparatively higher 4.44% 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. PIMIX - Expense Ratio Comparison
PSTQX has a 0.38% expense ratio, which is lower than PIMIX's 0.62% expense ratio.
Risk-Adjusted Performance
PSTQX vs. PIMIX - 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 PIMCO Income Fund Institutional Class (PIMIX). 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. PIMIX - Dividend Comparison
PSTQX's dividend yield for the trailing twelve months is around 3.78%, less than PIMIX's 6.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSTQX PGIM Short-Term Corporate Bond Fund - Class R6 | 3.78% | 3.55% | 2.76% | 2.28% | 2.58% | 2.95% | 2.83% | 2.85% | 2.75% | 2.93% | 3.11% | 2.99% |
PIMIX PIMCO Income Fund Institutional Class | 6.09% | 6.73% | 6.39% | 4.02% | 4.84% | 5.80% | 5.62% | 5.39% | 5.57% | 7.92% | 6.51% | 5.60% |
Drawdowns
PSTQX vs. PIMIX - Drawdown Comparison
The maximum PSTQX drawdown since its inception was -10.08%, smaller than the maximum PIMIX drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for PSTQX and PIMIX. For additional features, visit the drawdowns tool.
Volatility
PSTQX vs. PIMIX - Volatility Comparison
The current volatility for PGIM Short-Term Corporate Bond Fund - Class R6 (PSTQX) is 0.46%, while PIMCO Income Fund Institutional Class (PIMIX) has a volatility of 0.76%. This indicates that PSTQX experiences smaller price fluctuations and is considered to be less risky than PIMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.