- ISIN
- US69344A8421
- CUSIP
- 69344A842
- Issuer
- PGIM
- Inception Date
- Jul 19, 2023
- Category
- Multisector Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
PSDM Performance Chart
PGIM Short Duration Multi-Sector Bond ETF (PSDM) is up 1.1% since the beginning of the year. PSDM is currently trading at $51 per share.
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Returns By Period
PGIM Short Duration Multi-Sector Bond ETF (PSDM) has returned 1.08% so far this year and 5.07% over the past 12 months.
PGIM Short Duration Multi-Sector Bond ETF
- 1D
- -0.21%
- 1M
- -0.11%
- YTD
- 1.08%
- 6M
- 1.59%
- 1Y
- 5.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.64%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- 23.05%
- 3Y*
- 19.90%
- 5Y*
- 11.79%
- 10Y*
- 13.33%
PSDM Monthly Returns History
Based on dividend-adjusted daily data since Jul 26, 2023, PSDM's average daily return is +0.02%, while the average monthly return is +0.45%. At this rate, an investment would double in approximately 12.9 years.
Historically, 83% of months were positive and 17% 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% | 0.57% | 0.33% | -0.29% | 1.08% | ||||||
| 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 5.48%, beta of 0.02, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since July 27, 2023.
- This ETF captured 15.26% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -4.58%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.02 may look defensive, but with R2 of 0.03 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 0.03 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
- 5.48%
- Beta
- 0.02
- R²
- 0.03
- Upside Capture
- 15.26%
- Downside Capture
- -4.58%
Expense Ratio
PSDM has an expense ratio of 0.40%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PSDM ranks 91 for risk / return — in the top 91% 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 S&P 500 Index.
| PSDM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.36 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 4.16 | 2.69 | +1.48 |
| Martin ratioReturn relative to average drawdown | 18.82 | 12.34 | +6.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
PGIM Short Duration Multi-Sector Bond ETF provided a 4.85% dividend yield over the last twelve months, with an annual payout of $2.47 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $2.47 | $2.35 | $2.63 | $1.48 |
Dividend yield | 4.85% | 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 | $0.18 | $0.19 | $0.00 | $1.12 | ||||||
| 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. Recovery took 13 trading sessions.
The current PGIM Short Duration Multi-Sector Bond ETF drawdown is 0.30%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -1.19%Mar 2026 | 18d | 20d | 1mo 8dMar 2026 - Apr 2026 |
2025 selloff2025 | -1.18%Apr 2025 | 7d | 18d | 25dApr 2025 - Apr 2025 |
2024 pullback2024 | -0.84%Nov 2024 | 1mo 7d | 28d | 2mo 5dSep 2024 - Dec 2024 |
2024 pullback2024 | -0.69%Feb 2024 | 11d | 23d | 1mo 4dFeb 2024 - Mar 2024 |
2024 pullback2024 | -0.68%Apr 2024 | 19d | 17d | 1mo 6dMar 2024 - May 2024 |
Drawdown Indicators
| PSDM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.19% | -56.78% | +55.59% |
Max Drawdown (1Y)Largest decline over 1 year | -1.19% | -9.10% | +7.91% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.30% | -2.97% | +2.67% |
Average DrawdownAverage peak-to-trough decline | -0.17% | -10.72% | +10.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.26% | 1.97% | -1.71% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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