PTRB vs. BNDP
PTRB (PGIM Total Return Bond ETF) and BNDP (Vanguard Core-Plus Bond Index ETF) are both Intermediate Core-Plus Bond funds. PTRB is actively managed, while BNDP is passively managed. Their correlation of 0.91 suggests significant overlap in exposure. PTRB charges 0.49%/yr vs 0.05%/yr for BNDP.
Performance
PTRB vs. BNDP - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with PTRB at 0.34% and BNDP at 0.34%.
PTRB
- 1D
- -0.19%
- 1M
- 0.28%
- YTD
- 0.34%
- 6M
- 0.41%
- 1Y
- 5.81%
- 3Y*
- 5.11%
- 5Y*
- —
- 10Y*
- —
BNDP
- 1D
- -0.08%
- 1M
- 0.41%
- YTD
- 0.34%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PTRB vs. BNDP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PTRB PGIM Total Return Bond ETF | 0.34% | 0.19% |
BNDP Vanguard Core-Plus Bond Index ETF | 0.34% | 0.10% |
Correlation
The correlation between PTRB and BNDP is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 5, 2025 | 0.91 |
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Return for Risk
PTRB vs. BNDP — Risk / Return Rank
PTRB
BNDP
PTRB vs. BNDP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Total Return Bond ETF (PTRB) and Vanguard Core-Plus Bond Index ETF (BNDP). 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.
| PTRB | BNDP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.26 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | — | — |
| Martin ratioReturn relative to average drawdown | 6.00 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PTRB | BNDP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 0.25 | -0.19 |
Drawdowns
PTRB vs. BNDP - Drawdown Comparison
The maximum PTRB drawdown since its inception was -19.17%, which is greater than BNDP's maximum drawdown of -2.60%. Use the drawdown chart below to compare losses from any high point for PTRB and BNDP.
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Drawdown Indicators
| PTRB | BNDP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.17% | -2.60% | -16.57% |
Max Drawdown (1Y)Largest decline over 1 year | -2.90% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -5.52% | — | — |
Current DrawdownCurrent decline from peak | -1.61% | -1.31% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -7.64% | -0.86% | -6.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | — | — |
Volatility
PTRB vs. BNDP - Volatility Comparison
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Volatility by Period
| PTRB | BNDP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.01% | 3.63% | +0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.25% | 3.63% | +2.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.25% | 3.63% | +2.62% |
PTRB vs. BNDP - Expense Ratio Comparison
PTRB has a 0.49% expense ratio, which is higher than BNDP's 0.05% expense ratio.
Dividends
PTRB vs. BNDP - Dividend Comparison
PTRB's dividend yield for the trailing twelve months is around 4.74%, more than BNDP's 2.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BNDP Vanguard Core-Plus Bond Index ETF | 2.08% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% |
PTRB PGIM Total Return Bond ETF | 4.74% | 4.73% | 5.10% | 4.62% | 4.07% | 0.12% |
Frequently Asked Questions
With a correlation of 0.91, PTRB and BNDP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, BNDP is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BNDP is cheaper with a 0.05% expense ratio, compared with 0.49% for PTRB.
PTRB has the higher dividend yield at 4.74%, compared with 2.08% for BNDP.
They also come from different issuers: PGIM and Vanguard. Their fees differ too: 0.49% for PTRB and 0.05% for BNDP.
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