ABI vs. PSDM

Last updated Aug 5, 2026

ABI (VictoryShares Pioneer Asset-Based Income ETF) and PSDM (PGIM Short Duration Multi-Sector Bond ETF) are both Multisector Bonds funds. Both are actively managed. Over the past year, ABI returned 4.92% vs 4.07% for PSDM. Their 0.54 correlation means they have sometimes moved together and sometimes differently. ABI charges 0.65%/yr vs 0.40%/yr for PSDM.

Performance

ABI vs. PSDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares Pioneer Asset-Based Income ETF (ABI) and PGIM Short Duration Multi-Sector Bond ETF (PSDM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ABI achieves a 3.53% return, which is significantly higher than PSDM's 1.73% return.

ABI

• 1D: 0.10%
• 1M: 0.44%
• 6M: 2.45%
• YTD: 3.53%
• 1Y: 4.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.10%

PSDM

• 1D: 0.12%
• 1M: 0.18%
• 6M: 1.32%
• YTD: 1.73%
• 1Y: 4.07%
• 3Y*: 5.74%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.75%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ABI VictoryShares Pioneer Asset-Based Income ETF	$1.97K	$2.86K	$3.58K
PSDM PGIM Short Duration Multi-Sector Bond ETF	$2.19M	$1.48M	$1.33M

ABI vs. PSDM - Yearly Performance Comparison

	2026 (YTD)	2025
ABI VictoryShares Pioneer Asset-Based Income ETF	3.53%	2.05%
PSDM PGIM Short Duration Multi-Sector Bond ETF	1.73%	3.16%

Correlation

The correlation between ABI and PSDM is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.53
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.54

The correlation between ABI and PSDM has been stable across timeframes, ranging from 0.53 to 0.54 - a consistent structural relationship.

Return for Risk

ABI vs. PSDM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ABI

ABI Risk / Return Rank: 95
ABI Sharpe Ratio Rank: 98
ABI Sortino Ratio Rank: 98
ABI Omega Ratio Rank: 98
ABI Calmar Ratio Rank: 94
ABI Martin Ratio Rank: 90

PSDM

PSDM Risk / Return Rank: 89
PSDM Sharpe Ratio Rank: 88
PSDM Sortino Ratio Rank: 92
PSDM Omega Ratio Rank: 92
PSDM Calmar Ratio Rank: 83
PSDM Martin Ratio Rank: 89

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ABI vs. PSDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares Pioneer Asset-Based Income ETF (ABI) and PGIM Short Duration Multi-Sector Bond ETF (PSDM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ABI	PSDM	Difference
Sharpe ratio: Return per unit of total volatility	4.05	2.33	+1.72
Sortino ratio: Return per unit of downside risk	5.97	3.62	+2.35
Omega ratio: Gain probability vs. loss probability	1.97	1.48	+0.49
Calmar ratio: Return relative to maximum drawdown	5.20	3.43	+1.76
Martin ratio: Return relative to average drawdown	15.77	15.06	+0.71

ABI vs. PSDM - Sharpe Ratio Comparison

The current ABI Sharpe Ratio is 4.05, which is higher than the PSDM Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of ABI and PSDM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ABI vs. PSDM - Drawdown Comparison

The maximum ABI drawdown since its inception was -0.95%, smaller than the maximum PSDM drawdown of -1.19%. Use the drawdown chart below to compare losses from any high point for ABI and PSDM.

Drawdown Indicators

	ABI	PSDM	Difference
Max Drawdown Largest peak-to-trough decline	-0.95%	-1.19%	+0.24%
Max Drawdown (1Y) Largest decline over 1 year	-0.95%	-1.19%	+0.24%
Max Drawdown (3Y) Largest decline over 3 years	—	-1.19%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.16%	-0.17%	+0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.31%	0.27%	+0.04%

Volatility

ABI vs. PSDM - Volatility Comparison

The current volatility for VictoryShares Pioneer Asset-Based Income ETF (ABI) is 0.26%, while PGIM Short Duration Multi-Sector Bond ETF (PSDM) has a volatility of 0.68%. This indicates that ABI experiences smaller price fluctuations and is considered to be less risky than PSDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ABI	PSDM	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.26%	0.68%	-0.42%
Volatility (6M) Calculated over the trailing 6-month period	0.82%	1.49%	-0.67%
Volatility (1Y) Calculated over the trailing 1-year period	1.22%	1.75%	-0.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.24%	2.01%	-0.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.24%	2.01%	-0.77%

ABI vs. PSDM - Expense Ratio Comparison

ABI has a 0.65% expense ratio, which is higher than PSDM's 0.40% expense ratio.

Dividends

ABI vs. PSDM - Dividend Comparison

ABI's dividend yield for the trailing twelve months is around 6.18%, more than PSDM's 4.80% yield.

Position	TTM	2025	2024	2023
ABI VictoryShares Pioneer Asset-Based Income ETF	6.18%	3.01%	0.00%	0.00%
PSDM PGIM Short Duration Multi-Sector Bond ETF	4.80%	4.57%	5.17%	2.91%

Frequently Asked Questions

Can I hold both ABI and PSDM in my portfolio?

ABI and PSDM have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ABI or PSDM?

PSDM has higher volatility (0.68%) compared to ABI (0.26%). In terms of maximum drawdown, ABI dropped -0.95% vs PSDM's -1.19%.

Which ETF is better, ABI or PSDM?

On 1-year performance, ABI leads with 4.92% vs 4.07% for PSDM. On fees, PSDM is cheaper at 0.40% per year. On volatility, ABI has been the lower-risk option at 0.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ABI or PSDM?

Over the 1-year period, ABI has performed better with a 4.92% return vs 4.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ABI or PSDM?

PSDM is cheaper with a 0.40% expense ratio, compared with 0.65% for ABI.

Which ETF pays a higher dividend yield, ABI or PSDM?

ABI has the higher dividend yield at 6.18%, compared with 4.80% for PSDM.

What is the main difference between ABI and PSDM?

They also come from different issuers: VictoryShares and PGIM. Their fees differ too: 0.65% for ABI and 0.40% for PSDM.

Which has better risk-adjusted returns?

ABI currently has the higher Sharpe Ratio (4.05 vs 2.33), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.