SDMZX Alternatives & Similar Mutual Funds

PGIM Short Duration Multi-Sector Bond Fund (SDMZX) belongs to the Short-Term Bond category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with SDMZX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to SDMZX

SDMZX charges 0.46% annually. There are 41 mutual funds in the Short-Term Bond category with lower expense ratios, going as low as 0.02%.

Symbol	Name	Expense Ratio	AUM	Inception
VISTX	Vanguard Institutional Short-Term Bond Fund	0.02%	—	Jun 2015	SDMZX vs VISTX
VIITX	Vanguard Institutional Intermediate-Term Bond Fund	0.02%	—	Jun 2015	SDMZX vs VIITX
SWSBX	Schwab Short-Term Bond Index Fund	0.06%	—	Feb 2017	SDMZX vs SWSBX
TNSHX	TIAA-CREF Short-Term Bond Index Fund	0.09%	—	Aug 2015	SDMZX vs TNSHX
VBISX	Vanguard Short-Term Bond Index Fund	0.15%	—	Mar 1994	SDMZX vs VBISX

Best Risk-Adjusted Alternatives to SDMZX

SDMZX has a PortfoliosLab risk / return rank of 65. There are 85 mutual funds in the Short-Term Bond category with higher risk-adjusted ranks, going as high as 99.

Symbol	Name	Risk / Return Rank	AUM	Inception
DHEIX	Diamond Hill Short Duration Securitized Bond Fund ...	99	—	Jul 2016	SDMZX vs DHEIX
GPICX	GuidepathConservative Income Fund	99	—	Apr 2018	SDMZX vs GPICX
DFAIX	DFA Short-Duration Real Return Portfolio	99	—	Nov 2013	SDMZX vs DFAIX
DHEAX	Diamond Hill Short Duration Securitized Bond Fund	99	—	Jul 2016	SDMZX vs DHEAX
DBLSX	DoubleLine Low Duration Bond Fund	97	—	Sep 2011	SDMZX vs DBLSX

Top Performing SDMZX Alternatives (YTD)

SDMZX is at 1.15% YTD. There are 24 mutual funds in the Short-Term Bond category with higher YTD returns, going as high as 9.96%.

Symbol	Name	YTD Return	AUM	Inception
GPARX	GuidePath Absolute Return Allocation Fund	9.96%	—	Apr 2011	SDMZX vs GPARX
LCCMX	Leader Short Term High Yield Bond Fund	3.89%	—	Jul 2005	SDMZX vs LCCMX
DFAIX	DFA Short-Duration Real Return Portfolio	2.57%	—	Nov 2013	SDMZX vs DFAIX
HOBEX	Holbrook Income Fund	2.12%	—	Jul 2016	SDMZX vs HOBEX
BATAX	BlackRock Allocation Target Shares Series A Portfo...	1.98%	—	Sep 2015	SDMZX vs BATAX

Lowest Volatility Alternatives to SDMZX

SDMZX has 3.13% 1-year volatility. There are 122 mutual funds in the Short-Term Bond category with lower 1-year volatility, going as low as 0.83%.

Symbol	Name	Volatility 1Y	AUM	Inception
GPICX	GuidepathConservative Income Fund	0.83%	—	Apr 2018	SDMZX vs GPICX
DHEIX	Diamond Hill Short Duration Securitized Bond Fund ...	1.05%	—	Jul 2016	SDMZX vs DHEIX
DFEQX	DFA Short-Term Extended Quality Portfolio	1.07%	—	Mar 2009	SDMZX vs DFEQX
DHEAX	Diamond Hill Short Duration Securitized Bond Fund	1.11%	—	Jul 2016	SDMZX vs DHEAX
DFAIX	DFA Short-Duration Real Return Portfolio	1.11%	—	Nov 2013	SDMZX vs DFAIX

Lowest Drawdown Alternatives to SDMZX

SDMZX has a 1-year max drawdown of -1.44%. There are 82 mutual funds in the Short-Term Bond category with shallower 1-year drawdowns, going as shallow as -0.25%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
GPICX	GuidepathConservative Income Fund	-0.25%	—	Apr 2018	SDMZX vs GPICX
DFAIX	DFA Short-Duration Real Return Portfolio	-0.47%	—	Nov 2013	SDMZX vs DFAIX
DHEAX	Diamond Hill Short Duration Securitized Bond Fund	-0.50%	—	Jul 2016	SDMZX vs DHEAX
DHEIX	Diamond Hill Short Duration Securitized Bond Fund ...	-0.50%	—	Jul 2016	SDMZX vs DHEIX
HOBEX	Holbrook Income Fund	-0.61%	—	Jul 2016	SDMZX vs HOBEX

Other Mutual Funds from PGIM

The 10 most viewed PGIM mutual funds shown here include PJFAX, PHYQX, PTRQX and span 7 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
PJFAX	PGIM Jennison Growth Fund	Large Cap Growth Equities	20	9.93%	—	Nov 1995	SDMZX vs PJFAX
PHYQX	PGIM High Yield Fund Class R6	High Yield Bonds	75	1.85%	—	Oct 2011	SDMZX vs PHYQX
PTRQX	PGIM Total Return Bond R6	Intermediate Core-Plus Bond	25	0.68%	—	Dec 2010	SDMZX vs PTRQX
PDBZX	PGIM Total Return Bond Fund Class Z	Intermediate Core-Plus Bond	24	0.64%	—	Jan 1997	SDMZX vs PDBZX
FRFZX	PGIM Floating Rate Income Fund	Bank Loan	94	2.29%	—	Mar 2011	SDMZX vs FRFZX
HYSZX	PGIM Short Duration High Yield Income Fund	High Yield Bonds	74	1.50%	—	Oct 2012	SDMZX vs HYSZX
PBHAX	PGIM High Yield Fund	High Yield Bonds	71	1.69%	—	Jan 1990	SDMZX vs PBHAX
PGOAX	PGIM Jennison Small Company Fund	Small Cap Growth Equities	37	10.34%	—	Jan 1990	SDMZX vs PGOAX
PWJZX	PGIM Jennison International Opportunities Fund	Foreign Large Cap Equities	9	13.36%	—	Jun 2012	SDMZX vs PWJZX
PBSMX	PGIM Short-Term Corporate Bond Fund	Short-Term Bond	56	0.50%	—	Sep 1989	SDMZX vs PBSMX

Often Compared With SDMZX

Investors most often compare SDMZX with LLDYX, SHY, FLTB. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
LLDYX	Lord Abbett Short Duration Income Fund	Total Bond Market	77	1.04%	—	Oct 2004	SDMZX vs LLDYX
SHY	iShares 1-3 Year Treasury Bond ETF	Government Bonds, Short-Term Bond	79	0.48%	25.43B	Jul 2002	SDMZX vs SHY
FLTB	Fidelity Limited Term Bond ETF	Short-Term Bond	68	0.84%	389.15M	Oct 2014	SDMZX vs FLTB
VCSH	Vanguard Short-Term Corporate Bond ETF	Corporate Bonds	76	0.72%	49.50B	Nov 2009	SDMZX vs VCSH
USIG	iShares Broad USD Investment Grade Corporate Bond ...	Corporate Bonds	43	0.79%	17.38B	Jan 2007	SDMZX vs USIG
PULS	PGIM Ultra Short Bond ETF	Ultrashort Bond	100	1.73%	16.31B	Apr 2018	SDMZX vs PULS
SCHO	Schwab Short-Term U.S. Treasury ETF	Government Bonds, Short-Term Bond	82	0.46%	13.24B	Aug 2010	SDMZX vs SCHO
FXNAX	Fidelity U.S. Bond Index Fund	Total Bond Market	20	0.40%	—	—	SDMZX vs FXNAX
MIIBX	Madison High Quality Bond Fund	Short-Term Bond	27	0.08%	—	May 2000	SDMZX vs MIIBX
PIMSX	Virtus Newfleet Multi-Sector S/T Bd I	Short-Term Bond	79	1.47%	—	Nov 2016	SDMZX vs PIMSX
EIBAX	Eaton Vance Total Return Bond Fund	Intermediate Core-Plus Bond	28	0.51%	—	Nov 2009	SDMZX vs EIBAX
SDHY	PGIM Short Duration High Yield Opportunities Fund	High Yield Bonds	13	0.64%	—	—	SDMZX vs SDHY
LCRYX	Lord Abbett Core Fixed Income Fund	Intermediate Core Bond	22	0.44%	—	Mar 1998	SDMZX vs LCRYX
FPNIX	FPA New Income Fund	Short-Term Bond	32	-0.02%	—	Jul 1984	SDMZX vs FPNIX
PIFZX	PGIM Short-Term Corporate Bond Fund Class Z	Short-Term Bond	59	0.70%	—	Dec 1996	SDMZX vs PIFZX
JPLD	J P Morgan Exchange-Traded Fund Trust - Limited Du...	Short-Term Bond	91	1.10%	3.83B	Feb 1993	SDMZX vs JPLD
CDSRX	Calvert Short Duration Income Fund Class R6	Short-Term Bond	74	0.82%	—	Feb 2019	SDMZX vs CDSRX
PURZX	PGIM Global Real Estate Fund	REIT	13	8.04%	—	May 1998	SDMZX vs PURZX
PSTQX	PGIM Short-Term Corporate Bond Fund - Class R6	Short-Term Bond	61	0.74%	—	Mar 2012	SDMZX vs PSTQX
JAAA	Janus Henderson AAA CLO ETF	CLO	98	1.89%	27.32B	Oct 2020	SDMZX vs JAAA

Compare SDMZX with Any Fund or Stock

Compare SDMZX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair SDMZX with funds that move differently

PGIM Short Duration Multi-Sector Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SDMZX.

Explore SDMZX Diversifiers

PGIM Short Duration Multi-Sector Bond Fund (SDMZX) Alternatives