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 46 mutual funds in the Short-Term Bond category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Institutional Short-Term Bond Fund | 0.02% | — | Jun 2015 | SDMZX vs VISTX | |
| Vanguard Institutional Intermediate-Term Bond Fund | 0.02% | — | Jun 2015 | SDMZX vs VIITX | |
| Fidelity Short-Term Treasury Bond Index Fund | 0.03% | — | Dec 2005 | SDMZX vs FUMBX | |
| Vanguard Short-Term Bond Index Fund Admiral Shares | 0.06% | 69.90B | Nov 2001 | SDMZX vs VBIRX | |
| Vanguard Short-Term Corporate Bond Index Fund Admi... | 0.06% | 51.90B | Nov 2010 | SDMZX vs VSCSX |
Best Risk-Adjusted Alternatives to SDMZX
SDMZX has a PortfoliosLab risk / return rank of 63. There are 104 mutual funds in the Short-Term Bond category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Two-Year Fixed Income Portfolio | 100 | — | Jun 1996 | SDMZX vs DFCFX | |
| GuidepathConservative Income Fund | 99 | — | Apr 2018 | SDMZX vs GPICX | |
| Diamond Hill Short Duration Securitized Bond Fund ... | 99 | — | Jul 2016 | SDMZX vs DHEIX | |
| Diamond Hill Short Duration Securitized Bond Fund | 99 | — | Jul 2016 | SDMZX vs DHEAX | |
| Destinations Low Duration Fixed Income Fund | 98 | — | Mar 2017 | SDMZX vs DLDFX |
Top Performing SDMZX Alternatives (YTD)
SDMZX is at 0.95% YTD. There are 49 mutual funds in the Short-Term Bond category with higher YTD returns, going as high as 8.09%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| GuidePath Absolute Return Allocation Fund | 8.09% | — | Apr 2011 | SDMZX vs GPARX | |
| Leader Short Term High Yield Bond Fund | 3.65% | — | Jul 2005 | SDMZX vs LCCMX | |
| Diamond Hill Short Duration Securitized Bond Fund ... | 2.50% | — | Jul 2016 | SDMZX vs DHEIX | |
| DFA Short-Duration Real Return Portfolio | 2.38% | — | Nov 2013 | SDMZX vs DFAIX | |
| SEI Asset Allocation Trust Defensive Strategy Fund | 2.33% | — | Nov 2003 | SDMZX vs SNSAX |
Lowest Volatility Alternatives to SDMZX
SDMZX has 3.15% 1-year volatility. There are 128 mutual funds in the Short-Term Bond category with lower 1-year volatility, going as low as 0.72%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Two-Year Fixed Income Portfolio | 0.72% | — | Jun 1996 | SDMZX vs DFCFX | |
| GuidepathConservative Income Fund | 0.79% | — | Apr 2018 | SDMZX vs GPICX | |
| Diamond Hill Short Duration Securitized Bond Fund ... | 1.07% | — | Jul 2016 | SDMZX vs DHEIX | |
| DFA Short-Term Extended Quality Portfolio | 1.12% | — | Mar 2009 | SDMZX vs DFEQX | |
| Diamond Hill Short Duration Securitized Bond Fund | 1.12% | — | Jul 2016 | SDMZX vs DHEAX |
Lowest Drawdown Alternatives to SDMZX
SDMZX has a 1-year max drawdown of -1.85%. There are 118 mutual funds in the Short-Term Bond category with shallower 1-year drawdowns, going as shallow as -0.21%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Two-Year Fixed Income Portfolio | -0.21% | — | Jun 1996 | SDMZX vs DFCFX | |
| GuidepathConservative Income Fund | -0.25% | — | Apr 2018 | SDMZX vs GPICX | |
| DFA Short-Duration Real Return Portfolio | -0.47% | — | Nov 2013 | SDMZX vs DFAIX | |
| Diamond Hill Short Duration Securitized Bond Fund | -0.50% | — | Jul 2016 | SDMZX vs DHEAX | |
| Diamond Hill Short Duration Securitized Bond Fund ... | -0.50% | — | Jul 2016 | SDMZX vs DHEIX |
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 | |
|---|---|---|---|---|---|---|---|
| PGIM Jennison Growth Fund | Large Cap Growth Equities | 11 | 2.54% | — | Nov 1995 | SDMZX vs PJFAX | |
| PGIM High Yield Fund Class R6 | High Yield Bonds | 65 | 1.16% | — | Oct 2011 | SDMZX vs PHYQX | |
| PGIM Total Return Bond R6 | Intermediate Core-Plus Bond | 26 | -0.45% | — | Dec 2010 | SDMZX vs PTRQX | |
| PGIM Floating Rate Income Fund | Bank Loan | 97 | 2.71% | — | Mar 2011 | SDMZX vs FRFZX | |
| PGIM Total Return Bond Fund Class Z | Intermediate Core-Plus Bond | 24 | -0.50% | — | Jan 1997 | SDMZX vs PDBZX | |
| PGIM 60/40 Allocation Fund | Diversified Portfolio | 76 | 6.54% | — | Sep 2017 | SDMZX vs PALDX | |
| PGIM High Yield Fund | High Yield Bonds | 63 | 0.98% | — | Jan 1990 | SDMZX vs PBHAX | |
| PGIM Short Duration High Yield Income Fund | High Yield Bonds | 67 | 1.05% | — | Oct 2012 | SDMZX vs HYSZX | |
| PGIM Jennison International Opportunities Fund | Foreign Large Cap Equities | 7 | 2.22% | — | Jun 2012 | SDMZX vs PWJZX | |
| PGIM Jennison Small Company Fund | Small Cap Growth Equities | 67 | 13.62% | — | Jan 1990 | SDMZX vs PGOAX |
Often Compared With SDMZX
Investors most often compare SDMZX with LLDYX, DBLSX, SHY. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare SDMZX with Any Fund or Stock
Compare SDMZX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
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