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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in PGIM Short Duration Multi-Sector Bond ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
PGIM Short Duration Multi-Sector Bond ETF (PSDM) has returned 0.48% so far this year and 5.07% over the past 12 months.
PGIM Short Duration Multi-Sector Bond ETF
- 1D
- 0.59%
- 1M
- -0.45%
- YTD
- 0.48%
- 6M
- 1.75%
- 1Y
- 5.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Jul 26, 2023, PSDM's average daily return is +0.02%, while the average monthly return is +0.48%. At this rate, your investment would double in approximately 12.1 years.
Historically, 85% of months were positive and 15% were negative. The best month was Nov 2023 with a return of +1.8%, while the worst month was Oct 2024 at -0.6%. The longest winning streak lasted 16 consecutive months, and the longest losing streak was 1 months.
On a daily basis, PSDM closed higher 58% of trading days. The best single day was Mar 31, 2026 with a return of +0.6%, while the worst single day was Apr 10, 2024 at -0.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.39% | 0.55% | -0.45% | 0.48% | |||||||||
| 2025 | 0.50% | 0.85% | 0.16% | 0.42% | 0.30% | 0.94% | 0.02% | 1.11% | 0.44% | 0.37% | 0.42% | 0.47% | 6.16% |
| 2024 | 0.55% | -0.20% | 0.56% | -0.39% | 0.97% | 0.43% | 1.27% | 1.06% | 0.94% | -0.58% | 0.54% | 0.21% | 5.48% |
| 2023 | 0.03% | 0.45% | -0.12% | 0.07% | 1.82% | 1.67% | 3.96% |
Benchmark Metrics
PGIM Short Duration Multi-Sector Bond ETF has an annualized alpha of 5.79%, beta of 0.02, and R² of 0.02 versus S&P 500 Index. Calculated based on daily prices since July 27, 2023.
- This ETF captured 18.00% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -6.09%) — a profile typical of hedging or uncorrelated assets.
- Beta of 0.02 may look defensive, but with R² of 0.02 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R² of 0.02 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 5.79%
- Beta
- 0.02
- R²
- 0.02
- Upside Capture
- 18.00%
- Downside Capture
- -6.09%
Expense Ratio
PSDM has an expense ratio of 0.40%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PSDM ranks 96 for risk / return — in the top 96% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for PGIM Short Duration Multi-Sector Bond ETF (PSDM) and compare them to a chosen benchmark (S&P 500 Index).
| PSDM | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.60 | 0.90 | +1.70 |
Sortino ratioReturn per unit of downside risk | 4.17 | 1.39 | +2.79 |
Omega ratioGain probability vs. loss probability | 1.55 | 1.21 | +0.34 |
Calmar ratioReturn relative to maximum drawdown | 4.19 | 1.40 | +2.80 |
Martin ratioReturn relative to average drawdown | 16.21 | 6.61 | +9.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore PSDM risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
PGIM Short Duration Multi-Sector Bond ETF provided a 5.32% dividend yield over the last twelve months, with an annual payout of $2.71 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $2.71 | $2.35 | $2.63 | $1.48 |
Dividend yield | 5.32% | 4.57% | 5.17% | 2.91% |
Monthly Dividends
The table displays the monthly dividend distributions for PGIM Short Duration Multi-Sector Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.19 | $0.55 | $0.74 | |||||||||
| 2025 | $0.00 | $0.20 | $0.19 | $0.21 | $0.20 | $0.21 | $0.20 | $0.21 | $0.20 | $0.18 | $0.19 | $0.38 | $2.35 |
| 2024 | $0.00 | $0.22 | $0.21 | $0.23 | $0.23 | $0.23 | $0.23 | $0.23 | $0.24 | $0.22 | $0.19 | $0.40 | $2.63 |
| 2023 | $0.28 | $0.23 | $0.24 | $0.73 | $1.48 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the PGIM Short Duration Multi-Sector Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the PGIM Short Duration Multi-Sector Bond ETF was 1.19%, occurring on Mar 20, 2026. The portfolio has not yet recovered.
The current PGIM Short Duration Multi-Sector Bond ETF drawdown is 0.45%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -1.19% | Mar 2, 2026 | 15 | Mar 20, 2026 | — | — | — |
| -1.18% | Apr 4, 2025 | 6 | Apr 11, 2025 | 11 | Apr 29, 2025 | 17 |
| -0.84% | Sep 30, 2024 | 28 | Nov 6, 2024 | 19 | Dec 4, 2024 | 47 |
| -0.69% | Feb 2, 2024 | 8 | Feb 13, 2024 | 16 | Mar 7, 2024 | 24 |
| -0.68% | Mar 28, 2024 | 13 | Apr 16, 2024 | 13 | May 3, 2024 | 26 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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