VGWAX vs. PUDZX

Last updated Apr 1, 2026

Compare and contrast key facts about Vanguard Global Wellington Fund Admiral Shares (VGWAX) and PGIM Real Assets Fund (PUDZX).

VGWAX is managed by Vanguard. It was launched on Nov 2, 2017. PUDZX is managed by PGIM. It was launched on Dec 29, 2010.

Performance

VGWAX vs. PUDZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Global Wellington Fund Admiral Shares (VGWAX) and PGIM Real Assets Fund (PUDZX). The values are adjusted to include any dividend payments, if applicable.

VGWAX vs. PUDZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
VGWAX Vanguard Global Wellington Fund Admiral Shares	1.04%	17.48%	6.27%	12.54%	-7.07%	13.51%	7.51%	22.16%	-5.05%
PUDZX PGIM Real Assets Fund	9.23%	13.40%	8.61%	3.26%	-2.76%	18.49%	4.84%	16.29%	-6.64%

Returns By Period

In the year-to-date period, VGWAX achieves a 1.04% return, which is significantly lower than PUDZX's 9.23% return.

VGWAX

• 1D: 0.23%
• 1M: -6.46%
• YTD: 1.04%
• 6M: 5.86%
• 1Y: 13.97%
• 3Y*: 11.30%
• 5Y*: 7.50%
• 10Y*: —

PUDZX

• 1D: 0.29%
• 1M: -1.98%
• YTD: 9.23%
• 6M: 11.45%
• 1Y: 18.68%
• 3Y*: 11.54%
• 5Y*: 9.22%
• 10Y*: 6.92%

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

VGWAX vs. PUDZX - Expense Ratio Comparison

VGWAX has a 0.29% expense ratio, which is higher than PUDZX's 0.25% expense ratio.

VGWAX

Vanguard Global Wellington Fund Admiral Shares

PUDZX

PGIM Real Assets Fund

Return for Risk

VGWAX vs. PUDZX — Risk / Return Rank

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

VGWAX

VGWAX Risk / Return Rank: 81
VGWAX Sharpe Ratio Rank: 81
VGWAX Sortino Ratio Rank: 81
VGWAX Omega Ratio Rank: 79
VGWAX Calmar Ratio Rank: 82
VGWAX Martin Ratio Rank: 80

PUDZX

PUDZX Risk / Return Rank: 91
PUDZX Sharpe Ratio Rank: 92
PUDZX Sortino Ratio Rank: 90
PUDZX Omega Ratio Rank: 90
PUDZX Calmar Ratio Rank: 88
PUDZX Martin Ratio Rank: 95

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.

VGWAX vs. PUDZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Wellington Fund Admiral Shares (VGWAX) and PGIM Real Assets Fund (PUDZX). 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.

	VGWAX	PUDZX	Difference
Sharpe ratio Return per unit of total volatility	1.50	1.98	-0.48
Sortino ratio Return per unit of downside risk	2.05	2.57	-0.52
Omega ratio Gain probability vs. loss probability	1.30	1.40	-0.09
Calmar ratio Return relative to maximum drawdown	1.95	2.35	-0.40
Martin ratio Return relative to average drawdown	7.80	13.15	-5.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VGWAX vs. PUDZX - Sharpe Ratio Comparison

The current VGWAX Sharpe Ratio is 1.50, which is comparable to the PUDZX Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of VGWAX and PUDZX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VGWAX	PUDZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.50	1.98	-0.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	0.88	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.72	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	0.52	+0.22

Correlation

The correlation between VGWAX and PUDZX is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

VGWAX vs. PUDZX - Dividend Comparison

VGWAX's dividend yield for the trailing twelve months is around 6.69%, less than PUDZX's 8.17% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VGWAX Vanguard Global Wellington Fund Admiral Shares	6.69%	6.78%	7.47%	2.66%	4.50%	3.36%	1.64%	2.08%	2.62%	0.00%	0.00%	0.00%
PUDZX PGIM Real Assets Fund	8.17%	8.93%	6.67%	3.66%	9.10%	13.00%	4.94%	3.40%	2.14%	2.10%	1.39%	1.72%

Drawdowns

VGWAX vs. PUDZX - Drawdown Comparison

The maximum VGWAX drawdown since its inception was -25.28%, which is greater than PUDZX's maximum drawdown of -21.53%. Use the drawdown chart below to compare losses from any high point for VGWAX and PUDZX.

Drawdown Indicators

	VGWAX	PUDZX	Difference
Max Drawdown Largest peak-to-trough decline	-25.28%	-21.53%	-3.75%
Max Drawdown (1Y) Largest decline over 1 year	-7.04%	-8.20%	+1.16%
Max Drawdown (5Y) Largest decline over 5 years	-17.46%	-17.98%	+0.52%
Max Drawdown (10Y) Largest decline over 10 years	—	-21.53%	—
Current Drawdown Current decline from peak	-6.46%	-2.44%	-4.02%
Average Drawdown Average peak-to-trough decline	-2.94%	-5.31%	+2.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.76%	1.47%	+0.29%

Volatility

VGWAX vs. PUDZX - Volatility Comparison

Vanguard Global Wellington Fund Admiral Shares (VGWAX) has a higher volatility of 3.38% compared to PGIM Real Assets Fund (PUDZX) at 2.60%. This indicates that VGWAX's price experiences larger fluctuations and is considered to be riskier than PUDZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VGWAX	PUDZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.38%	2.60%	+0.78%
Volatility (6M) Calculated over the trailing 6-month period	5.80%	6.24%	-0.44%
Volatility (1Y) Calculated over the trailing 1-year period	9.58%	9.70%	-0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.09%	10.58%	-1.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.99%	9.70%	+1.29%