PTRQX vs. PQCNX
PTRQX (PGIM Total Return Bond R6) and PQCNX (PGIM Core Conservative Bond Fund) are both mutual funds - PTRQX is a Intermediate Core-Plus Bond fund managed by PGIM, while PQCNX is a Intermediate Core Bond fund managed by PGIM. Over the past 5 years, PTRQX returned 0.93%/yr vs -0.27%/yr for PQCNX. Their correlation of 0.95 suggests significant overlap in exposure. PTRQX charges 0.39%/yr vs 0.50%/yr for PQCNX.
Performance
PTRQX vs. PQCNX - Performance Comparison
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Returns By Period
In the year-to-date period, PTRQX achieves a 0.93% return, which is significantly higher than PQCNX's 0.71% return.
PTRQX
- 1D
- 0.42%
- 1M
- 0.92%
- YTD
- 0.93%
- 6M
- 1.24%
- 1Y
- 5.28%
- 3Y*
- 5.50%
- 5Y*
- 0.93%
- 10Y*
- 2.56%
PQCNX
- 1D
- 0.47%
- 1M
- 0.82%
- YTD
- 0.71%
- 6M
- 0.84%
- 1Y
- 4.54%
- 3Y*
- 4.02%
- 5Y*
- -0.27%
- 10Y*
- —
PTRQX vs. PQCNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PTRQX PGIM Total Return Bond R6 | 0.93% | 7.81% | 3.06% | 7.80% | -14.30% | -1.37% | 8.13% | 10.85% | -0.73% | 6.67% |
PQCNX PGIM Core Conservative Bond Fund | 0.71% | 7.13% | 1.44% | 4.88% | -14.28% | -2.30% | 7.01% | 8.41% | -0.38% | 1.89% |
Correlation
The correlation between PTRQX and PQCNX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.95 |
The correlation between PTRQX and PQCNX has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
PTRQX vs. PQCNX — Risk / Return Rank
PTRQX
PQCNX
PTRQX vs. PQCNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Total Return Bond R6 (PTRQX) and PGIM Core Conservative Bond Fund (PQCNX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PTRQX | PQCNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.20 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 1.48 | +0.27 |
| Martin ratioReturn relative to average drawdown | 5.01 | 4.12 | +0.89 |
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Drawdowns
PTRQX vs. PQCNX - Drawdown Comparison
The maximum PTRQX drawdown since its inception was -20.72%, roughly equal to the maximum PQCNX drawdown of -20.33%. Use the drawdown chart below to compare losses from any high point for PTRQX and PQCNX.
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Drawdown Indicators
| PTRQX | PQCNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.72% | -20.33% | -0.39% |
Max Drawdown (1Y)Largest decline over 1 year | -3.08% | -3.17% | +0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -5.47% | -6.37% | +0.90% |
Max Drawdown (5Y)Largest decline over 5 years | -20.69% | -19.42% | -1.27% |
Max Drawdown (10Y)Largest decline over 10 years | -20.72% | — | — |
Current DrawdownCurrent decline from peak | -1.10% | -4.26% | +3.16% |
Average DrawdownAverage peak-to-trough decline | -3.28% | -6.06% | +2.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 1.13% | -0.06% |
Volatility
PTRQX vs. PQCNX - Volatility Comparison
PGIM Total Return Bond R6 (PTRQX) has a higher volatility of 1.86% compared to PGIM Core Conservative Bond Fund (PQCNX) at 1.26%. This indicates that PTRQX's price experiences larger fluctuations and is considered to be riskier than PQCNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PTRQX | PQCNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.86% | 1.26% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 3.28% | 3.05% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.22% | 4.09% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.03% | 6.12% | -0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.25% | 5.10% | +0.15% |
PTRQX vs. PQCNX - Expense Ratio Comparison
PTRQX has a 0.39% expense ratio, which is lower than PQCNX's 0.50% expense ratio.
Dividends
PTRQX vs. PQCNX - Dividend Comparison
PTRQX's dividend yield for the trailing twelve months is around 4.66%, more than PQCNX's 4.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PQCNX PGIM Core Conservative Bond Fund | 4.23% | 4.17% | 3.91% | 2.74% | 1.98% | 2.13% | 3.13% | 2.71% | 2.66% | 0.97% | 0.00% | 0.00% |
PTRQX PGIM Total Return Bond R6 | 4.66% | 4.63% | 4.89% | 4.70% | 5.83% | 2.82% | 3.05% | 6.95% | 3.99% | 2.93% | 4.01% | 3.11% |
Frequently Asked Questions
With a correlation of 0.95, PTRQX and PQCNX 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.
PTRQX has higher volatility (1.86%) compared to PQCNX (1.26%). In terms of maximum drawdown, PTRQX dropped -20.72% vs PQCNX's -20.33%.
PTRQX currently has the higher Sharpe Ratio (1.28 vs 1.15), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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