STYAX vs. PTRQX
STYAX (Allspring Core Plus Bond Fund) and PTRQX (PGIM Total Return Bond R6) are both Intermediate Core-Plus Bond funds. Over the past 10 years, STYAX returned 2.47%/yr vs 2.51%/yr for PTRQX. Their correlation of 0.89 suggests significant overlap in exposure. STYAX charges 0.69%/yr vs 0.39%/yr for PTRQX.
Performance
STYAX vs. PTRQX - Performance Comparison
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Returns By Period
In the year-to-date period, STYAX achieves a 0.54% return, which is significantly higher than PTRQX's 0.43% return. Both investments have delivered pretty close results over the past 10 years, with STYAX having a 2.47% annualized return and PTRQX not far ahead at 2.51%.
STYAX
- 1D
- 0.18%
- 1M
- 0.81%
- YTD
- 0.54%
- 6M
- 0.63%
- 1Y
- 4.77%
- 3Y*
- 4.42%
- 5Y*
- 0.07%
- 10Y*
- 2.47%
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%
STYAX vs. PTRQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STYAX Allspring Core Plus Bond Fund | 0.54% | 7.03% | 2.05% | 6.45% | -14.29% | -0.16% | 11.30% | 9.11% | -0.52% | 5.33% |
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% |
Correlation
The correlation between STYAX and PTRQX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2011 | 0.89 |
The correlation between STYAX and PTRQX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.
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Return for Risk
STYAX vs. PTRQX — Risk / Return Rank
STYAX
PTRQX
STYAX vs. PTRQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Core Plus Bond Fund (STYAX) and PGIM Total Return Bond R6 (PTRQX). 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.
| STYAX | PTRQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 1.75 | -0.03 |
| Martin ratioReturn relative to average drawdown | 4.87 | 5.04 | -0.17 |
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Drawdowns
STYAX vs. PTRQX - Drawdown Comparison
The maximum STYAX drawdown since its inception was -18.83%, smaller than the maximum PTRQX drawdown of -20.72%. Use the drawdown chart below to compare losses from any high point for STYAX and PTRQX.
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Drawdown Indicators
| STYAX | PTRQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.83% | -20.72% | +1.89% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -3.08% | +0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -6.13% | -5.47% | -0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -18.83% | -20.69% | +1.86% |
Max Drawdown (10Y)Largest decline over 10 years | -18.83% | -20.72% | +1.89% |
Current DrawdownCurrent decline from peak | -1.26% | -1.59% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -2.39% | -3.28% | +0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 1.07% | -0.07% |
Volatility
STYAX vs. PTRQX - Volatility Comparison
The current volatility for Allspring Core Plus Bond Fund (STYAX) is 1.11%, while PGIM Total Return Bond R6 (PTRQX) has a volatility of 1.82%. This indicates that STYAX experiences smaller price fluctuations and is considered to be less risky than PTRQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STYAX | PTRQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 1.82% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 2.75% | 3.27% | -0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.65% | 4.21% | -0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.67% | 6.02% | -0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.70% | 5.26% | -0.56% |
STYAX vs. PTRQX - Expense Ratio Comparison
STYAX has a 0.69% expense ratio, which is higher than PTRQX's 0.39% expense ratio.
Dividends
STYAX vs. PTRQX - Dividend Comparison
STYAX's dividend yield for the trailing twelve months is around 4.52%, less than PTRQX's 4.68% 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% |
STYAX Allspring Core Plus Bond Fund | 4.52% | 4.52% | 4.58% | 3.94% | 2.48% | 2.39% | 5.18% | 3.67% | 2.70% | 2.61% | 2.81% | 2.23% |
Frequently Asked Questions
With a correlation of 0.91, STYAX and PTRQX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
PTRQX has higher volatility (1.82%) compared to STYAX (1.11%). In terms of maximum drawdown, STYAX dropped -18.83% vs PTRQX's -20.72%.
STYAX currently has the higher Sharpe Ratio (1.34 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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