SCFZX vs. NTIIX

Last updated Jun 4, 2026

SCFZX (PGIM Securitized Credit Fund) and NTIIX (Navigator Tactical Investment Grade Bond Fund) are both Nontraditional Bonds funds. Over the past 3 years, SCFZX returned 7.69%/yr vs 3.49%/yr for NTIIX. At a correlation of -0.04, they often move in opposite directions. SCFZX charges 0.65%/yr vs 1.01%/yr for NTIIX.

Performance

SCFZX vs. NTIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Securitized Credit Fund (SCFZX) and Navigator Tactical Investment Grade Bond Fund (NTIIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCFZX achieves a 2.28% return, which is significantly higher than NTIIX's -0.99% return.

SCFZX

• 1D: 0.00%
• 1M: 0.52%
• YTD: 2.28%
• 6M: 2.84%
• 1Y: 6.11%
• 3Y*: 7.69%
• 5Y*: 5.28%
• 10Y*: —

NTIIX

• 1D: 0.00%
• 1M: 0.23%
• YTD: -0.99%
• 6M: -1.06%
• 1Y: 4.18%
• 3Y*: 3.49%
• 5Y*: —
• 10Y*: —

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

SCFZX vs. NTIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SCFZX PGIM Securitized Credit Fund	2.28%	5.75%	9.41%	8.67%	-0.84%	0.52%
NTIIX Navigator Tactical Investment Grade Bond Fund	-0.99%	2.16%	-0.85%	9.79%	-6.51%	-2.29%

Correlation

The correlation between SCFZX and NTIIX is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.06
Correlation (3Y) Calculated over the trailing 3-year period	-0.10
Correlation (All Time) Calculated using the full available price history since Sep 1, 2021	-0.04

Return for Risk

SCFZX vs. NTIIX — Risk / Return Rank

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

SCFZX

SCFZX Risk / Return Rank: 99
SCFZX Sharpe Ratio Rank: 98
SCFZX Sortino Ratio Rank: 100
SCFZX Omega Ratio Rank: 100
SCFZX Calmar Ratio Rank: 100
SCFZX Martin Ratio Rank: 99

NTIIX

NTIIX Risk / Return Rank: 12
NTIIX Sharpe Ratio Rank: 13
NTIIX Sortino Ratio Rank: 13
NTIIX Omega Ratio Rank: 14
NTIIX Calmar Ratio Rank: 12
NTIIX Martin Ratio Rank: 9

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.

SCFZX vs. NTIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Securitized Credit Fund (SCFZX) and Navigator Tactical Investment Grade Bond Fund (NTIIX). 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.

	SCFZX	NTIIX	Difference
Sharpe ratio Return per unit of total volatility	4.09	0.99	+3.11
Sortino ratio Return per unit of downside risk	17.53	1.45	+16.08
Omega ratio Gain probability vs. loss probability	6.28	1.20	+5.08
Calmar ratio Return relative to maximum drawdown	20.02	1.18	+18.85
Martin ratio Return relative to average drawdown	69.95	2.91	+67.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCFZX vs. NTIIX - Sharpe Ratio Comparison

The current SCFZX Sharpe Ratio is 4.09, which is higher than the NTIIX Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of SCFZX and NTIIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SCFZX	NTIIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.09	0.99	+3.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	2.78	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.37	0.02	+1.34

Drawdowns

SCFZX vs. NTIIX - Drawdown Comparison

The maximum SCFZX drawdown since its inception was -17.20%, which is greater than NTIIX's maximum drawdown of -12.35%. Use the drawdown chart below to compare losses from any high point for SCFZX and NTIIX.

Drawdown Indicators

	SCFZX	NTIIX	Difference
Max Drawdown Largest peak-to-trough decline	-17.20%	-12.35%	-4.85%
Max Drawdown (1Y) Largest decline over 1 year	-0.31%	-3.35%	+3.04%
Max Drawdown (3Y) Largest decline over 3 years	-0.93%	-8.52%	+7.59%
Max Drawdown (5Y) Largest decline over 5 years	-4.13%	—	—
Current Drawdown Current decline from peak	0.00%	-3.59%	+3.59%
Average Drawdown Average peak-to-trough decline	-1.06%	-5.16%	+4.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.09%	1.35%	-1.26%

Volatility

SCFZX vs. NTIIX - Volatility Comparison

PGIM Securitized Credit Fund (SCFZX) has a higher volatility of 0.42% compared to Navigator Tactical Investment Grade Bond Fund (NTIIX) at 0.16%. This indicates that SCFZX's price experiences larger fluctuations and is considered to be riskier than NTIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCFZX	NTIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.42%	0.16%	+0.26%
Volatility (6M) Calculated over the trailing 6-month period	1.03%	2.55%	-1.52%
Volatility (1Y) Calculated over the trailing 1-year period	1.50%	4.02%	-2.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.91%	4.99%	-3.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.35%	4.99%	-1.64%

SCFZX vs. NTIIX - Expense Ratio Comparison

SCFZX has a 0.65% expense ratio, which is lower than NTIIX's 1.01% expense ratio.

Dividends

SCFZX vs. NTIIX - Dividend Comparison

SCFZX's dividend yield for the trailing twelve months is around 5.08%, more than NTIIX's 4.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
NTIIX Navigator Tactical Investment Grade Bond Fund	4.28%	4.07%	4.24%	3.85%	1.63%	0.22%	0.00%	0.00%
SCFZX PGIM Securitized Credit Fund	5.08%	5.25%	6.55%	5.58%	4.97%	2.56%	3.08%	2.43%

Frequently Asked Questions

Can I hold both SCFZX and NTIIX in my portfolio?

SCFZX and NTIIX have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCFZX or NTIIX?

SCFZX has higher volatility (0.42%) compared to NTIIX (0.16%). In terms of maximum drawdown, SCFZX dropped -17.20% vs NTIIX's -12.35%.

Which has better risk-adjusted returns?

SCFZX currently has the higher Sharpe Ratio (4.09 vs 0.99), 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.