PTRQX vs. VWEAX
PTRQX (PGIM Total Return Bond R6) and VWEAX (Vanguard High-Yield Corporate Fund Admiral Shares) are both mutual funds - PTRQX is a Intermediate Core-Plus Bond fund managed by PGIM, while VWEAX is a High Yield Bonds fund actively managed by Vanguard. Over the past 10 years, PTRQX returned 2.51%/yr vs 5.28%/yr for VWEAX. At a 0.36 correlation, their price movements are largely independent. PTRQX charges 0.39%/yr vs 0.12%/yr for VWEAX.
Performance
PTRQX vs. VWEAX - Performance Comparison
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Returns By Period
In the year-to-date period, PTRQX achieves a 0.43% return, which is significantly lower than VWEAX's 1.01% return. Over the past 10 years, PTRQX has underperformed VWEAX with an annualized return of 2.51%, while VWEAX has yielded a comparatively higher 5.28% annualized return.
PTRQX
- 1D
- -0.25%
- 1M
- 0.75%
- YTD
- 0.43%
- 6M
- 0.90%
- 1Y
- 5.11%
- 3Y*
- 5.32%
- 5Y*
- 0.77%
- 10Y*
- 2.51%
VWEAX
- 1D
- 0.00%
- 1M
- 0.72%
- YTD
- 1.01%
- 6M
- 1.72%
- 1Y
- 6.34%
- 3Y*
- 8.49%
- 5Y*
- 4.12%
- 10Y*
- 5.28%
PTRQX vs. VWEAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PTRQX PGIM Total Return Bond R6 | 0.43% | 7.81% | 3.06% | 7.80% | -14.30% | -1.37% | 8.13% | 10.85% | -0.73% | 6.67% |
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | 1.01% | 9.49% | 6.42% | 11.79% | -8.95% | 3.04% | 5.41% | 15.92% | -2.80% | 7.17% |
Correlation
The correlation between PTRQX and VWEAX is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2011 | 0.36 |
Over the past year, PTRQX and VWEAX have become more correlated (0.61) than their long-term average of 0.36, meaning their price movements have been converging.
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Return for Risk
PTRQX vs. VWEAX — Risk / Return Rank
PTRQX
VWEAX
PTRQX vs. VWEAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Total Return Bond R6 (PTRQX) and Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX). 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 | VWEAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.49 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 2.60 | -0.85 |
| Martin ratioReturn relative to average drawdown | 5.04 | 13.17 | -8.13 |
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Drawdowns
PTRQX vs. VWEAX - Drawdown Comparison
The maximum PTRQX drawdown since its inception was -20.72%, smaller than the maximum VWEAX drawdown of -30.05%. Use the drawdown chart below to compare losses from any high point for PTRQX and VWEAX.
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Drawdown Indicators
| PTRQX | VWEAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.72% | -30.05% | +9.33% |
Max Drawdown (1Y)Largest decline over 1 year | -3.08% | -2.52% | -0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -5.47% | -3.32% | -2.15% |
Max Drawdown (5Y)Largest decline over 5 years | -20.69% | -13.77% | -6.92% |
Max Drawdown (10Y)Largest decline over 10 years | -20.72% | -19.68% | -1.04% |
Current DrawdownCurrent decline from peak | -1.59% | -0.18% | -1.41% |
Average DrawdownAverage peak-to-trough decline | -3.28% | -2.12% | -1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 0.50% | +0.57% |
Volatility
PTRQX vs. VWEAX - Volatility Comparison
PGIM Total Return Bond R6 (PTRQX) has a higher volatility of 1.82% compared to Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) at 0.87%. This indicates that PTRQX's price experiences larger fluctuations and is considered to be riskier than VWEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PTRQX | VWEAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.82% | 0.87% | +0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 3.27% | 2.62% | +0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.21% | 3.29% | +0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.02% | 4.92% | +1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 5.27% | -0.01% |
PTRQX vs. VWEAX - Expense Ratio Comparison
PTRQX has a 0.39% expense ratio, which is higher than VWEAX's 0.12% expense ratio.
Dividends
PTRQX vs. VWEAX - Dividend Comparison
PTRQX's dividend yield for the trailing twelve months is around 4.68%, less than VWEAX's 6.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTRQX PGIM Total Return Bond R6 | 4.68% | 4.63% | 4.89% | 4.70% | 5.83% | 2.82% | 3.05% | 6.95% | 3.99% | 2.93% | 4.01% | 3.11% |
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | 6.37% | 6.25% | 6.20% | 5.79% | 5.21% | 3.49% | 4.71% | 5.33% | 6.07% | 5.39% | 5.51% | 6.53% |
Frequently Asked Questions
PTRQX and VWEAX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PTRQX has higher volatility (1.82%) compared to VWEAX (0.87%). In terms of maximum drawdown, PTRQX dropped -20.72% vs VWEAX's -30.05%.
VWEAX currently has the higher Sharpe Ratio (2.00 vs 1.28), 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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