PUCZX vs. FJTDX

Last updated Aug 1, 2026

PUCZX (PGIM Strategic Bond Fund Class Z) and FJTDX (Fidelity Flex Conservative Income Bond Fund) are both Total Bond Market funds. Over the past 5 years, PUCZX returned 1.34%/yr vs 3.74%/yr for FJTDX. Their 0.36 correlation means their historical movements had little consistent relationship. PUCZX charges 0.62%/yr vs 0.00%/yr for FJTDX.

Performance

PUCZX vs. FJTDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Strategic Bond Fund Class Z (PUCZX) and Fidelity Flex Conservative Income Bond Fund (FJTDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PUCZX achieves a 0.04% return, which is significantly lower than FJTDX's 1.93% return.

PUCZX

• 1D: 0.00%
• 1M: -1.06%
• 6M: -0.27%
• YTD: 0.04%
• 1Y: 3.27%
• 3Y*: 6.65%
• 5Y*: 1.34%
• 10Y*: 3.96%
• ALL TIME*: 4.49%

FJTDX

• 1D: 0.00%
• 1M: 0.00%
• 6M: 1.58%
• YTD: 1.93%
• 1Y: 3.91%
• 3Y*: 4.88%
• 5Y*: 3.74%
• 10Y*: —
• ALL TIME*: 3.05%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FJTDX Fidelity Flex Conservative Income Bond Fund	$0.00	$0.00	$0.00
PUCZX PGIM Strategic Bond Fund Class Z	$0.00	$0.00	$0.00

PUCZX vs. FJTDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
PUCZX PGIM Strategic Bond Fund Class Z	0.04%	8.47%	6.46%	8.20%	-13.74%	0.05%	6.28%	14.89%	-0.92%
FJTDX Fidelity Flex Conservative Income Bond Fund	1.93%	4.75%	5.69%	5.48%	1.00%	0.16%	1.57%	3.20%	0.50%

Correlation

The correlation between PUCZX and FJTDX is 0.40, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.40
Correlation (3Y) Balances recent behavior with more history.	0.36
Correlation (5Y) Shows whether the relationship held over a longer period.	0.36
Correlation (All Time) Calculated using the full available price history since Aug 31, 2018	0.36

Return for Risk

PUCZX vs. FJTDX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PUCZX

PUCZX Risk / Return Rank: 37
PUCZX Sharpe Ratio Rank: 39
PUCZX Sortino Ratio Rank: 41
PUCZX Omega Ratio Rank: 39
PUCZX Calmar Ratio Rank: 32
PUCZX Martin Ratio Rank: 32

FJTDX

FJTDX Risk / Return Rank: 100
FJTDX Sharpe Ratio Rank: 99
FJTDX Sortino Ratio Rank: 100
FJTDX Omega Ratio Rank: 100
FJTDX Calmar Ratio Rank: 100
FJTDX Martin Ratio Rank: 100

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PUCZX vs. FJTDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Strategic Bond Fund Class Z (PUCZX) and Fidelity Flex Conservative Income Bond Fund (FJTDX). 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.

	PUCZX	FJTDX	Difference
Sharpe ratio: Return per unit of total volatility	1.19	3.42	-2.23
Sortino ratio: Return per unit of downside risk	1.79	15.05	-13.26
Omega ratio: Gain probability vs. loss probability	1.22	6.18	-4.96
Calmar ratio: Return relative to maximum drawdown	1.44	43.63	-42.19
Martin ratio: Return relative to average drawdown	4.71	108.40	-103.70

PUCZX vs. FJTDX - Sharpe Ratio Comparison

The current PUCZX Sharpe Ratio is 1.19, which is lower than the FJTDX Sharpe Ratio of 3.42. The chart below compares the historical Sharpe Ratios of PUCZX and FJTDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PUCZX vs. FJTDX - Drawdown Comparison

The maximum PUCZX drawdown since its inception was -18.60%, which is greater than FJTDX's maximum drawdown of -1.90%. Use the drawdown chart below to compare losses from any high point for PUCZX and FJTDX.

Drawdown Indicators

	PUCZX	FJTDX	Difference
Max Drawdown Largest peak-to-trough decline	-18.60%	-1.90%	-16.70%
Max Drawdown (1Y) Largest decline over 1 year	-3.11%	-0.10%	-3.01%
Max Drawdown (3Y) Largest decline over 3 years	-3.58%	-0.90%	-2.68%
Max Drawdown (5Y) Largest decline over 5 years	-18.60%	-0.90%	-17.70%
Max Drawdown (10Y) Largest decline over 10 years	-18.60%	—	—
Current Drawdown Current decline from peak	-1.69%	0.00%	-1.69%
Average Drawdown Average peak-to-trough decline	-3.34%	-0.08%	-3.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.95%	0.04%	+0.91%

Volatility

PUCZX vs. FJTDX - Volatility Comparison

PGIM Strategic Bond Fund Class Z (PUCZX) has a higher volatility of 0.95% compared to Fidelity Flex Conservative Income Bond Fund (FJTDX) at 0.20%. This indicates that PUCZX's price experiences larger fluctuations and is considered to be riskier than FJTDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PUCZX	FJTDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.95%	0.20%	+0.75%
Volatility (6M) Calculated over the trailing 6-month period	3.12%	0.87%	+2.25%
Volatility (1Y) Calculated over the trailing 1-year period	3.76%	1.27%	+2.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.66%	1.45%	+3.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.70%	1.27%	+3.43%

PUCZX vs. FJTDX - Expense Ratio Comparison

PUCZX has a 0.62% expense ratio, which is higher than FJTDX's 0.00% expense ratio.

Dividends

PUCZX vs. FJTDX - Dividend Comparison

PUCZX's dividend yield for the trailing twelve months is around 4.72%, more than FJTDX's 3.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FJTDX Fidelity Flex Conservative Income Bond Fund	3.93%	4.63%	5.42%	4.70%	1.39%	0.36%	1.45%	2.65%	1.17%	0.00%	0.00%
PUCZX PGIM Strategic Bond Fund Class Z	4.72%	5.12%	6.40%	7.62%	5.17%	3.65%	5.06%	8.81%	4.56%	4.52%	6.49%

Frequently Asked Questions

Can I hold both PUCZX and FJTDX in my portfolio?

PUCZX and FJTDX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PUCZX or FJTDX?

PUCZX has higher volatility (0.95%) compared to FJTDX (0.20%). In terms of maximum drawdown, PUCZX dropped -18.60% vs FJTDX's -1.90%.

Which has better risk-adjusted returns?

FJTDX currently has the higher Sharpe Ratio (3.42 vs 1.19), 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.