VTIBX vs. PGTQX

Last updated Jul 14, 2026

VTIBX (Vanguard Total International Bond Index Fund) and PGTQX (PGIM Global Total Return Fund - Class R6) are both Global Bonds funds. Over the past 10 years, VTIBX returned 1.51%/yr vs 1.53%/yr for PGTQX. A 0.56 correlation means they provide meaningful diversification when combined. VTIBX charges 0.13%/yr vs 0.54%/yr for PGTQX.

Performance

VTIBX vs. PGTQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Total International Bond Index Fund (VTIBX) and PGIM Global Total Return Fund - Class R6 (PGTQX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VTIBX achieves a 0.62% return, which is significantly higher than PGTQX's -0.43% return. Both investments have delivered pretty close results over the past 10 years, with VTIBX having a 1.51% annualized return and PGTQX not far ahead at 1.53%.

VTIBX

• 1D: 0.21%
• 1M: -0.09%
• 6M: 0.31%
• YTD: 0.62%
• 1Y: 2.25%
• 3Y*: 4.51%
• 5Y*: 0.24%
• 10Y*: 1.51%

PGTQX

• 1D: 0.19%
• 1M: -0.62%
• 6M: -0.25%
• YTD: -0.43%
• 1Y: 2.32%
• 3Y*: 5.27%
• 5Y*: -1.83%
• 10Y*: 1.53%

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

VTIBX vs. PGTQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VTIBX Vanguard Total International Bond Index Fund	0.62%	2.98%	3.84%	8.86%	-12.97%	-2.27%	4.56%	7.76%	3.00%	2.31%
PGTQX PGIM Global Total Return Fund - Class R6	-0.43%	11.14%	0.31%	8.46%	-22.33%	-5.95%	10.07%	15.22%	-1.59%	13.59%

Correlation

The correlation between VTIBX and PGTQX is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (10Y) Calculated over the trailing 10-year period	0.57
Correlation (All Time) Calculated using the full available price history since Jun 4, 2013	0.56

The correlation between VTIBX and PGTQX shifts across timeframes, from 0.56 (all time) to 0.72 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

VTIBX vs. PGTQX — Risk / Return Rank

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

VTIBX

VTIBX Risk / Return Rank: 11
VTIBX Sharpe Ratio Rank: 12
VTIBX Sortino Ratio Rank: 11
VTIBX Omega Ratio Rank: 11
VTIBX Calmar Ratio Rank: 11
VTIBX Martin Ratio Rank: 10

PGTQX

PGTQX Risk / Return Rank: 7
PGTQX Sharpe Ratio Rank: 7
PGTQX Sortino Ratio Rank: 7
PGTQX Omega Ratio Rank: 7
PGTQX Calmar Ratio Rank: 7
PGTQX Martin Ratio Rank: 7

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.

VTIBX vs. PGTQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Bond Index Fund (VTIBX) and PGIM Global Total Return Fund - Class R6 (PGTQX). 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.

	VTIBX	PGTQX	Difference
Sharpe ratio: Return per unit of total volatility	0.68	0.37	+0.30
Sortino ratio: Return per unit of downside risk	0.98	0.57	+0.41
Omega ratio: Gain probability vs. loss probability	1.12	1.07	+0.05
Calmar ratio: Return relative to maximum drawdown	0.73	0.43	+0.30
Martin ratio: Return relative to average drawdown	1.94	1.20	+0.74

VTIBX vs. PGTQX - Sharpe Ratio Comparison

The current VTIBX Sharpe Ratio is 0.68, which is higher than the PGTQX Sharpe Ratio of 0.37. The chart below compares the historical Sharpe Ratios of VTIBX and PGTQX, 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

VTIBX vs. PGTQX - Drawdown Comparison

The maximum VTIBX drawdown since its inception was -16.15%, smaller than the maximum PGTQX drawdown of -44.72%. Use the drawdown chart below to compare losses from any high point for VTIBX and PGTQX.

Drawdown Indicators

	VTIBX	PGTQX	Difference
Max Drawdown Largest peak-to-trough decline	-16.15%	-44.72%	+28.57%
Max Drawdown (1Y) Largest decline over 1 year	-2.95%	-4.55%	+1.60%
Max Drawdown (3Y) Largest decline over 3 years	-2.95%	-6.80%	+3.85%
Max Drawdown (5Y) Largest decline over 5 years	-15.81%	-31.46%	+15.65%
Max Drawdown (10Y) Largest decline over 10 years	-16.15%	-44.72%	+28.57%
Current Drawdown Current decline from peak	-1.24%	-27.39%	+26.15%
Average Drawdown Average peak-to-trough decline	-3.06%	-20.22%	+17.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.11%	1.63%	-0.52%

Volatility

VTIBX vs. PGTQX - Volatility Comparison

The current volatility for Vanguard Total International Bond Index Fund (VTIBX) is 0.94%, while PGIM Global Total Return Fund - Class R6 (PGTQX) has a volatility of 1.30%. This indicates that VTIBX experiences smaller price fluctuations and is considered to be less risky than PGTQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VTIBX	PGTQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.94%	1.30%	-0.36%
Volatility (6M) Calculated over the trailing 6-month period	2.73%	4.22%	-1.49%
Volatility (1Y) Calculated over the trailing 1-year period	3.20%	5.25%	-2.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.50%	6.56%	-2.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.66%	21.51%	-17.85%

VTIBX vs. PGTQX - Expense Ratio Comparison

VTIBX has a 0.13% expense ratio, which is lower than PGTQX's 0.54% expense ratio.

Dividends

VTIBX vs. PGTQX - Dividend Comparison

VTIBX's dividend yield for the trailing twelve months is around 4.45%, more than PGTQX's 4.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PGTQX PGIM Global Total Return Fund - Class R6	4.05%	4.00%	4.47%	2.96%	3.53%	3.36%	3.94%	8.65%	3.63%	3.41%	4.02%	3.85%
VTIBX Vanguard Total International Bond Index Fund	4.45%	4.33%	4.31%	4.37%	1.41%	3.68%	1.06%	3.36%	2.98%	2.21%	1.76%	1.61%

Frequently Asked Questions

Can I hold both VTIBX and PGTQX in my portfolio?

VTIBX and PGTQX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VTIBX or PGTQX?

PGTQX has higher volatility (1.30%) compared to VTIBX (0.94%). In terms of maximum drawdown, VTIBX dropped -16.15% vs PGTQX's -44.72%.

Which has better risk-adjusted returns?

VTIBX currently has the higher Sharpe Ratio (0.68 vs 0.37), 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.