AFIF vs. PSDM

Last updated Jun 4, 2026

AFIF (Anfield Universal Fixed Income ETF) and PSDM (PGIM Short Duration Multi-Sector Bond ETF) are both Multisector Bonds funds. Both are actively managed. Over the past year, AFIF returned 5.22% vs 5.16% for PSDM. At a 0.22 correlation, their price movements are largely independent. AFIF charges 1.08%/yr vs 0.40%/yr for PSDM.

Performance

AFIF vs. PSDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Anfield Universal Fixed Income ETF (AFIF) 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, AFIF achieves a 1.38% return, which is significantly higher than PSDM's 1.23% return.

AFIF

• 1D: -0.11%
• 1M: 0.43%
• YTD: 1.38%
• 6M: 1.69%
• 1Y: 5.22%
• 3Y*: 7.37%
• 5Y*: 3.54%
• 10Y*: —

PSDM

• 1D: -0.10%
• 1M: 0.20%
• YTD: 1.23%
• 6M: 1.61%
• 1Y: 5.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AFIF vs. PSDM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AFIF Anfield Universal Fixed Income ETF	1.38%	6.56%	7.06%	5.25%
PSDM PGIM Short Duration Multi-Sector Bond ETF	1.23%	6.16%	5.48%	3.96%

Correlation

The correlation between AFIF and PSDM is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (All Time) Calculated using the full available price history since Jul 27, 2023	0.22

The correlation between AFIF and PSDM shifts across timeframes, from 0.22 (all time) to 0.35 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

AFIF vs. PSDM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AFIF

AFIF Risk / Return Rank: 63
AFIF Sharpe Ratio Rank: 55
AFIF Sortino Ratio Rank: 57
AFIF Omega Ratio Rank: 64
AFIF Calmar Ratio Rank: 65
AFIF Martin Ratio Rank: 75

PSDM

PSDM Risk / Return Rank: 89
PSDM Sharpe Ratio Rank: 88
PSDM Sortino Ratio Rank: 94
PSDM Omega Ratio Rank: 93
PSDM Calmar Ratio Rank: 82
PSDM Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AFIF vs. PSDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Anfield Universal Fixed Income ETF (AFIF) 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.

	AFIF	PSDM	Difference
Sharpe ratio: Return per unit of total volatility	1.90	2.96	-1.06
Sortino ratio: Return per unit of downside risk	2.74	5.06	-2.32
Omega ratio: Gain probability vs. loss probability	1.39	1.64	-0.25
Calmar ratio: Return relative to maximum drawdown	3.22	4.35	-1.14
Martin ratio: Return relative to average drawdown	14.16	19.69	-5.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AFIF vs. PSDM - Sharpe Ratio Comparison

The current AFIF Sharpe Ratio is 1.90, which is lower than the PSDM Sharpe Ratio of 2.96. The chart below compares the historical Sharpe Ratios of AFIF 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.

Sharpe Ratios by Period

	AFIF	PSDM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.90	2.96	-1.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	2.97	-2.55

Drawdowns

AFIF vs. PSDM - Drawdown Comparison

The maximum AFIF drawdown since its inception was -10.29%, which is greater than PSDM's maximum drawdown of -1.19%. Use the drawdown chart below to compare losses from any high point for AFIF and PSDM.

Drawdown Indicators

	AFIF	PSDM	Difference
Max Drawdown Largest peak-to-trough decline	-10.29%	-1.19%	-9.10%
Max Drawdown (1Y) Largest decline over 1 year	-1.63%	-1.19%	-0.44%
Max Drawdown (3Y) Largest decline over 3 years	-1.79%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-8.85%	—	—
Current Drawdown Current decline from peak	-0.11%	-0.16%	+0.05%
Average Drawdown Average peak-to-trough decline	-2.23%	-0.17%	-2.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.37%	0.26%	+0.11%

Volatility

AFIF vs. PSDM - Volatility Comparison

Anfield Universal Fixed Income ETF (AFIF) has a higher volatility of 0.61% compared to PGIM Short Duration Multi-Sector Bond ETF (PSDM) at 0.53%. This indicates that AFIF's price experiences larger fluctuations and is considered to be riskier than PSDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AFIF	PSDM	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.61%	0.53%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	2.03%	1.28%	+0.75%
Volatility (1Y) Calculated over the trailing 1-year period	2.76%	1.75%	+1.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.44%	2.01%	+2.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.27%	2.01%	+4.26%

AFIF vs. PSDM - Expense Ratio Comparison

AFIF has a 1.08% expense ratio, which is higher than PSDM's 0.40% expense ratio.

Dividends

AFIF vs. PSDM - Dividend Comparison

AFIF's dividend yield for the trailing twelve months is around 3.58%, less than PSDM's 4.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AFIF Anfield Universal Fixed Income ETF	3.58%	3.52%	5.61%	5.91%	3.49%	1.73%	1.25%	2.54%	0.69%
PSDM PGIM Short Duration Multi-Sector Bond ETF	4.85%	4.57%	5.17%	2.91%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AFIF and PSDM in my portfolio?

AFIF and PSDM have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AFIF or PSDM?

AFIF has higher volatility (0.61%) compared to PSDM (0.53%). In terms of maximum drawdown, AFIF dropped -10.29% vs PSDM's -1.19%.

Which ETF is better, AFIF or PSDM?

On 1-year performance, AFIF leads with 5.22% vs 5.16% for PSDM. On fees, PSDM is cheaper at 0.40% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AFIF or PSDM?

Over the 1-year period, AFIF has performed better with a 5.22% return vs 5.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AFIF or PSDM?

PSDM is cheaper with a 0.40% expense ratio, compared with 1.08% for AFIF.

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

PSDM has the higher dividend yield at 4.85%, compared with 3.58% for AFIF.

What is the main difference between AFIF and PSDM?

They also come from different issuers: Regents Park Funds and PGIM. Their fees differ too: 1.08% for AFIF and 0.40% for PSDM.

Which has better risk-adjusted returns?

PSDM currently has the higher Sharpe Ratio (2.96 vs 1.90), 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.