PUDZX vs. BIICX

Last updated Jun 25, 2026

PUDZX (PGIM Real Assets Fund) and BIICX (BlackRock Multi-Asset Income Portfolio) are both Diversified Portfolio funds. Over the past 10 years, PUDZX returned 6.61%/yr vs 5.52%/yr for BIICX. A 0.66 correlation means they provide meaningful diversification when combined. PUDZX charges 0.25%/yr vs 0.55%/yr for BIICX.

Performance

PUDZX vs. BIICX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Real Assets Fund (PUDZX) and BlackRock Multi-Asset Income Portfolio (BIICX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PUDZX achieves a 10.32% return, which is significantly higher than BIICX's 3.07% return. Over the past 10 years, PUDZX has outperformed BIICX with an annualized return of 6.61%, while BIICX has yielded a comparatively lower 5.52% annualized return.

PUDZX

• 1D: -0.29%
• 1M: -3.41%
• YTD: 10.32%
• 6M: 9.60%
• 1Y: 17.69%
• 3Y*: 12.63%
• 5Y*: 7.59%
• 10Y*: 6.61%

BIICX

• 1D: -0.38%
• 1M: 0.36%
• YTD: 3.07%
• 6M: 3.45%
• 1Y: 9.39%
• 3Y*: 9.65%
• 5Y*: 3.91%
• 10Y*: 5.52%

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

PUDZX vs. BIICX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PUDZX PGIM Real Assets Fund	10.32%	13.40%	8.61%	3.26%	-2.76%	18.49%	4.84%	16.29%	-9.20%	6.22%
BIICX BlackRock Multi-Asset Income Portfolio	3.07%	11.80%	7.64%	9.46%	-12.29%	6.94%	6.61%	13.89%	-3.55%	9.06%

Correlation

The correlation between PUDZX and BIICX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (10Y) Calculated over the trailing 10-year period	0.63
Correlation (All Time) Calculated using the full available price history since Jan 3, 2011	0.66

The correlation between PUDZX and BIICX shifts across timeframes, from 0.47 (1 year) to 0.66 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PUDZX vs. BIICX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PUDZX

PUDZX Risk / Return Rank: 76
PUDZX Sharpe Ratio Rank: 74
PUDZX Sortino Ratio Rank: 69
PUDZX Omega Ratio Rank: 69
PUDZX Calmar Ratio Rank: 87
PUDZX Martin Ratio Rank: 81

BIICX

BIICX Risk / Return Rank: 45
BIICX Sharpe Ratio Rank: 46
BIICX Sortino Ratio Rank: 50
BIICX Omega Ratio Rank: 49
BIICX Calmar Ratio Rank: 34
BIICX Martin Ratio Rank: 45

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PUDZX vs. BIICX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Real Assets Fund (PUDZX) and BlackRock Multi-Asset Income Portfolio (BIICX). 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.

	PUDZX	BIICX	Difference
Sharpe ratio: Return per unit of total volatility	2.27	1.78	+0.48
Sortino ratio: Return per unit of downside risk	3.08	2.65	+0.43
Omega ratio: Gain probability vs. loss probability	1.41	1.34	+0.07
Calmar ratio: Return relative to maximum drawdown	3.89	2.02	+1.88
Martin ratio: Return relative to average drawdown	13.67	8.76	+4.91

PUDZX vs. BIICX - Sharpe Ratio Comparison

The current PUDZX Sharpe Ratio is 2.27, which is comparable to the BIICX Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of PUDZX and BIICX, 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

PUDZX vs. BIICX - Drawdown Comparison

The maximum PUDZX drawdown since its inception was -21.53%, smaller than the maximum BIICX drawdown of -33.25%. Use the drawdown chart below to compare losses from any high point for PUDZX and BIICX.

Drawdown Indicators

	PUDZX	BIICX	Difference
Max Drawdown Largest peak-to-trough decline	-21.53%	-33.25%	+11.72%
Max Drawdown (1Y) Largest decline over 1 year	-4.47%	-4.99%	+0.52%
Max Drawdown (3Y) Largest decline over 3 years	-8.20%	-5.90%	-2.30%
Max Drawdown (5Y) Largest decline over 5 years	-17.98%	-17.51%	-0.47%
Max Drawdown (10Y) Largest decline over 10 years	-21.53%	-19.72%	-1.81%
Current Drawdown Current decline from peak	-4.47%	-1.03%	-3.44%
Average Drawdown Average peak-to-trough decline	-5.25%	-3.65%	-1.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.27%	1.15%	+0.12%

Volatility

PUDZX vs. BIICX - Volatility Comparison

PGIM Real Assets Fund (PUDZX) and BlackRock Multi-Asset Income Portfolio (BIICX) have volatilities of 2.01% and 2.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PUDZX	BIICX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.01%	2.03%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	6.19%	4.73%	+1.46%
Volatility (1Y) Calculated over the trailing 1-year period	7.68%	5.65%	+2.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.49%	6.37%	+4.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.69%	6.09%	+3.60%

PUDZX vs. BIICX - Expense Ratio Comparison

PUDZX has a 0.25% expense ratio, which is lower than BIICX's 0.55% expense ratio.

Dividends

PUDZX vs. BIICX - Dividend Comparison

PUDZX's dividend yield for the trailing twelve months is around 7.92%, more than BIICX's 6.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BIICX BlackRock Multi-Asset Income Portfolio	6.64%	6.50%	6.27%	4.40%	4.44%	5.13%	4.32%	4.94%	5.52%	4.85%	4.95%	5.61%
PUDZX PGIM Real Assets Fund	7.92%	8.93%	6.67%	3.66%	9.10%	13.00%	4.94%	3.40%	2.14%	2.10%	1.39%	1.72%

Frequently Asked Questions

Can I hold both PUDZX and BIICX in my portfolio?

PUDZX and BIICX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PUDZX or BIICX?

BIICX has higher volatility (2.03%) compared to PUDZX (2.01%). In terms of maximum drawdown, PUDZX dropped -21.53% vs BIICX's -33.25%.

Which has better risk-adjusted returns?

PUDZX currently has the higher Sharpe Ratio (2.27 vs 1.78), 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.