BINC vs. PSDM

Last updated Jun 4, 2026

BINC (iShares Flexible Income Active ETF) and PSDM (PGIM Short Duration Multi-Sector Bond ETF) are both Multisector Bonds funds. Both are actively managed. Over the past year, BINC returned 5.80% vs 5.16% for PSDM. A 0.73 correlation means they provide meaningful diversification when combined. Both charge a 0.40% expense ratio.

Performance

BINC vs. PSDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Flexible Income Active ETF (BINC) 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, BINC achieves a 0.90% return, which is significantly lower than PSDM's 1.23% return.

BINC

• 1D: -0.12%
• 1M: 0.54%
• YTD: 0.90%
• 6M: 1.22%
• 1Y: 5.80%
• 3Y*: 7.02%
• 5Y*: —
• 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)

BINC vs. PSDM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BINC iShares Flexible Income Active ETF	0.90%	7.57%	5.76%	5.27%
PSDM PGIM Short Duration Multi-Sector Bond ETF	1.23%	6.16%	5.48%	3.96%

Correlation

The correlation between BINC and PSDM is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (All Time) Calculated using the full available price history since Jul 27, 2023	0.73

The correlation between BINC and PSDM has been stable across timeframes, ranging from 0.73 to 0.76 - a consistent structural relationship.

Return for Risk

BINC vs. PSDM — Risk / Return Rank

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

BINC

BINC Risk / Return Rank: 67
BINC Sharpe Ratio Rank: 77
BINC Sortino Ratio Rank: 82
BINC Omega Ratio Rank: 83
BINC Calmar Ratio Rank: 43
BINC Martin Ratio Rank: 50

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.

BINC vs. PSDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Flexible Income Active ETF (BINC) 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.

	BINC	PSDM	Difference
Sharpe ratio: Return per unit of total volatility	2.56	2.96	-0.40
Sortino ratio: Return per unit of downside risk	3.71	5.06	-1.34
Omega ratio: Gain probability vs. loss probability	1.51	1.64	-0.13
Calmar ratio: Return relative to maximum drawdown	2.17	4.35	-2.19
Martin ratio: Return relative to average drawdown	8.53	19.69	-11.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BINC vs. PSDM - Sharpe Ratio Comparison

The current BINC Sharpe Ratio is 2.56, which is comparable to the PSDM Sharpe Ratio of 2.96. The chart below compares the historical Sharpe Ratios of BINC 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

	BINC	PSDM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.56	2.96	-0.40
Sharpe Ratio (All Time) Calculated using the full available price history	2.36	2.97	-0.61

Drawdowns

BINC vs. PSDM - Drawdown Comparison

The maximum BINC drawdown since its inception was -2.69%, which is greater than PSDM's maximum drawdown of -1.19%. Use the drawdown chart below to compare losses from any high point for BINC and PSDM.

Drawdown Indicators

	BINC	PSDM	Difference
Max Drawdown Largest peak-to-trough decline	-2.69%	-1.19%	-1.50%
Max Drawdown (1Y) Largest decline over 1 year	-2.69%	-1.19%	-1.50%
Max Drawdown (3Y) Largest decline over 3 years	-2.69%	—	—
Current Drawdown Current decline from peak	-0.49%	-0.16%	-0.33%
Average Drawdown Average peak-to-trough decline	-0.36%	-0.17%	-0.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.68%	0.26%	+0.42%

Volatility

BINC vs. PSDM - Volatility Comparison

iShares Flexible Income Active ETF (BINC) has a higher volatility of 0.75% compared to PGIM Short Duration Multi-Sector Bond ETF (PSDM) at 0.53%. This indicates that BINC'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

	BINC	PSDM	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.75%	0.53%	+0.22%
Volatility (6M) Calculated over the trailing 6-month period	1.84%	1.28%	+0.56%
Volatility (1Y) Calculated over the trailing 1-year period	2.28%	1.75%	+0.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.00%	2.01%	+0.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.00%	2.01%	+0.99%

BINC vs. PSDM - Expense Ratio Comparison

Both BINC and PSDM have an expense ratio of 0.40%.

Dividends

BINC vs. PSDM - Dividend Comparison

BINC's dividend yield for the trailing twelve months is around 5.86%, more than PSDM's 4.85% yield.

Position	TTM	2025	2024	2023
BINC iShares Flexible Income Active ETF	5.86%	5.86%	6.14%	3.13%
PSDM PGIM Short Duration Multi-Sector Bond ETF	4.85%	4.57%	5.17%	2.91%

Frequently Asked Questions

Can I hold both BINC and PSDM in my portfolio?

BINC and PSDM have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BINC or PSDM?

BINC has higher volatility (0.75%) compared to PSDM (0.53%). In terms of maximum drawdown, BINC dropped -2.69% vs PSDM's -1.19%.

Which ETF is better, BINC or PSDM?

On 1-year performance, BINC leads with 5.80% vs 5.16% for PSDM. Both ETFs have the same 0.40% expense ratio. On volatility, PSDM has been the lower-risk option at 0.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BINC or PSDM?

Over the 1-year period, BINC has performed better with a 5.80% return vs 5.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BINC or PSDM?

BINC and PSDM have the same expense ratio: 0.40% per year.

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

BINC has the higher dividend yield at 5.86%, compared with 4.85% for PSDM.

What is the main difference between BINC and PSDM?

They also come from different issuers: iShares and PGIM.

Which has better risk-adjusted returns?

PSDM currently has the higher Sharpe Ratio (2.96 vs 2.56), 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.