PGIM Short Duration High Yield ETF (PSH)

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The chart shows the growth of an initial investment of $10,000 in PGIM Short Duration High Yield ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

PGIM Short Duration High Yield ETF (PSH) has returned 0.41% so far this year and 6.27% over the past 12 months.

Based on dividend-adjusted daily data since Dec 19, 2023, PSH's average daily return is +0.03%, while the average monthly return is +0.56%. At this rate, your investment would double in approximately 10.3 years.

Historically, 89% of months were positive and 11% were negative. The best month was Jul 2024 with a return of +1.5%, while the worst month was Oct 2024 at -0.3%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 1 months.

On a daily basis, PSH closed higher 59% of trading days. The best single day was Apr 9, 2025 with a return of +1.8%, while the worst single day was Apr 4, 2025 at -1.1%.

PGIM Short Duration High Yield ETF has an annualized alpha of 4.91%, beta of 0.14, and R² of 0.45 versus S&P 500 Index. Calculated based on daily prices since December 20, 2023.

• This ETF captured 24.81% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -2.56%) — a profile typical of hedging or uncorrelated assets.
• Beta of 0.14 may look defensive, but with R² of 0.45 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 0.45 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.

PSH has an expense ratio of 0.45%, placing it in the medium range.

PSH ranks 85 for risk / return — in the top 85% 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.

The table below present risk-adjusted performance metrics for PGIM Short Duration High Yield ETF (PSH) and compare them to a chosen benchmark (S&P 500 Index).

PGIM Short Duration High Yield ETF provided a 7.61% dividend yield over the last twelve months, with an annual payout of $3.78 per share.

The table displays the monthly dividend distributions for PGIM Short Duration High Yield ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the PGIM Short Duration High Yield 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 High Yield ETF was 3.06%, occurring on Apr 8, 2025. Recovery took 17 trading sessions.

The current PGIM Short Duration High Yield ETF drawdown is 0.30%.

The chart below shows the rolling one-month volatility.