QFITX vs. PADZX
QFITX (Quantified Tactical Fixed Income Fund) and PADZX (PGIM Absolute Return Bond Fund) are both Nontraditional Bonds funds. Over the past 5 years, QFITX returned -1.30%/yr vs 3.90%/yr for PADZX. At a correlation of -0.03, they often move in opposite directions. QFITX charges 1.56%/yr vs 0.72%/yr for PADZX.
Performance
QFITX vs. PADZX - Performance Comparison
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Returns By Period
In the year-to-date period, QFITX achieves a -4.59% return, which is significantly lower than PADZX's 2.29% return.
QFITX
- 1D
- 0.00%
- 1M
- -0.51%
- YTD
- -4.59%
- 6M
- -4.52%
- 1Y
- -6.65%
- 3Y*
- -6.12%
- 5Y*
- -1.30%
- 10Y*
- —
PADZX
- 1D
- 0.00%
- 1M
- 0.40%
- YTD
- 2.29%
- 6M
- 2.78%
- 1Y
- 5.81%
- 3Y*
- 6.33%
- 5Y*
- 3.90%
- 10Y*
- 4.32%
QFITX vs. PADZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
QFITX Quantified Tactical Fixed Income Fund | -4.59% | -7.64% | -1.03% | -6.54% | -22.87% | 36.77% | 10.36% | 2.31% |
PADZX PGIM Absolute Return Bond Fund | 2.29% | 5.10% | 7.48% | 6.11% | -1.55% | 1.87% | 0.59% | 5.92% |
Correlation
The correlation between QFITX and PADZX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2019 | -0.03 |
The correlation between QFITX and PADZX shifts across timeframes, from -0.05 (3 years) to 0.13 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
QFITX vs. PADZX — Risk / Return Rank
QFITX
PADZX
QFITX vs. PADZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Quantified Tactical Fixed Income Fund (QFITX) and PGIM Absolute Return Bond Fund (PADZX). 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.
| QFITX | PADZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.89 | ||
| Sortino ratioReturn per unit of downside risk | -7.67 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 2.74 | -1.92 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | 6.75 | -7.45 |
| Martin ratioReturn relative to average drawdown | -1.46 | 25.52 | -26.98 |
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Drawdowns
QFITX vs. PADZX - Drawdown Comparison
The maximum QFITX drawdown since its inception was -38.03%, which is greater than PADZX's maximum drawdown of -17.99%. Use the drawdown chart below to compare losses from any high point for QFITX and PADZX.
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Drawdown Indicators
| QFITX | PADZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.03% | -17.99% | -20.04% |
Max Drawdown (1Y)Largest decline over 1 year | -8.67% | -0.86% | -7.81% |
Max Drawdown (3Y)Largest decline over 3 years | -20.64% | -0.98% | -19.66% |
Max Drawdown (5Y)Largest decline over 5 years | -38.03% | -4.05% | -33.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.99% | — |
Current DrawdownCurrent decline from peak | -37.67% | -0.76% | -36.91% |
Average DrawdownAverage peak-to-trough decline | -19.36% | -0.95% | -18.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.18% | 0.23% | +3.95% |
Volatility
QFITX vs. PADZX - Volatility Comparison
The current volatility for Quantified Tactical Fixed Income Fund (QFITX) is 1.10%, while PGIM Absolute Return Bond Fund (PADZX) has a volatility of 1.44%. This indicates that QFITX experiences smaller price fluctuations and is considered to be less risky than PADZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QFITX | PADZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 1.44% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 4.18% | 1.79% | +2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.45% | 2.11% | +3.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.20% | 2.16% | +19.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.20% | 3.16% | +17.04% |
QFITX vs. PADZX - Expense Ratio Comparison
QFITX has a 1.56% expense ratio, which is higher than PADZX's 0.72% expense ratio.
Dividends
QFITX vs. PADZX - Dividend Comparison
QFITX's dividend yield for the trailing twelve months is around 16.08%, more than PADZX's 5.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PADZX PGIM Absolute Return Bond Fund | 5.08% | 5.07% | 5.18% | 4.09% | 2.89% | 2.40% | 3.41% | 10.79% | 5.02% | 2.75% | 2.36% | 2.38% |
QFITX Quantified Tactical Fixed Income Fund | 16.08% | 12.72% | 3.70% | 0.08% | 0.15% | 29.15% | 2.12% | 4.28% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QFITX and PADZX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PADZX has higher volatility (1.44%) compared to QFITX (1.10%). In terms of maximum drawdown, QFITX dropped -38.03% vs PADZX's -17.99%.
PADZX currently has the higher Sharpe Ratio (2.77 vs -1.13), 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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