BINC vs. PSDM

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Flexible Income Active ETF (BINC) and PGIM Short Duration Multi-Sector Bond ETF (PSDM).

BINC and PSDM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BINC is an actively managed fund by iShares. It was launched on May 19, 2023. PSDM is an actively managed fund by PGIM. It was launched on Jul 19, 2023.

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.

BINC vs. PSDM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BINC iShares Flexible Income Active ETF	-0.78%	7.57%	5.76%	5.27%
PSDM PGIM Short Duration Multi-Sector Bond ETF	0.48%	6.16%	5.48%	3.96%

Returns By Period

In the year-to-date period, BINC achieves a -0.78% return, which is significantly lower than PSDM's 0.48% return.

BINC

• 1D: 0.33%
• 1M: -2.11%
• YTD: -0.78%
• 6M: 0.65%
• 1Y: 5.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PSDM

• 1D: 0.59%
• 1M: -0.45%
• YTD: 0.48%
• 6M: 1.75%
• 1Y: 5.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BINC vs. PSDM - Expense Ratio Comparison

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

BINC

iShares Flexible Income Active ETF

PSDM

PGIM Short Duration Multi-Sector Bond ETF

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: 84
BINC Sharpe Ratio Rank: 87
BINC Sortino Ratio Rank: 87
BINC Omega Ratio Rank: 91
BINC Calmar Ratio Rank: 76
BINC Martin Ratio Rank: 79

PSDM

PSDM Risk / Return Rank: 96
PSDM Sharpe Ratio Rank: 96
PSDM Sortino Ratio Rank: 98
PSDM Omega Ratio Rank: 97
PSDM Calmar Ratio Rank: 95
PSDM Martin Ratio Rank: 95

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	1.74	2.60	-0.86
Sortino ratio Return per unit of downside risk	2.29	4.17	-1.88
Omega ratio Gain probability vs. loss probability	1.38	1.55	-0.17
Calmar ratio Return relative to maximum drawdown	1.91	4.19	-2.28
Martin ratio Return relative to average drawdown	7.93	16.21	-8.27
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 1.74, which is lower than the PSDM Sharpe Ratio of 2.60. The chart below compares the historical Sharpe Ratios of BINC and PSDM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BINC	PSDM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.74	2.60	-0.86
Sharpe Ratio (All Time) Calculated using the full available price history	2.28	2.99	-0.71

Correlation

The correlation between BINC and PSDM is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

BINC vs. PSDM - Dividend Comparison

BINC's dividend yield for the trailing twelve months is around 5.91%, more than PSDM's 5.32% yield.

	TTM	2025	2024	2023
BINC iShares Flexible Income Active ETF	5.91%	5.86%	6.14%	3.13%
PSDM PGIM Short Duration Multi-Sector Bond ETF	5.32%	4.57%	5.17%	2.91%

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%
Current Drawdown Current decline from peak	-2.14%	-0.45%	-1.69%
Average Drawdown Average peak-to-trough decline	-0.33%	-0.17%	-0.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.65%	0.31%	+0.34%

Volatility

BINC vs. PSDM - Volatility Comparison

iShares Flexible Income Active ETF (BINC) has a higher volatility of 1.25% compared to PGIM Short Duration Multi-Sector Bond ETF (PSDM) at 0.91%. 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	1.25%	0.91%	+0.34%
Volatility (6M) Calculated over the trailing 6-month period	1.69%	1.18%	+0.51%
Volatility (1Y) Calculated over the trailing 1-year period	2.94%	1.96%	+0.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.03%	2.02%	+1.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.03%	2.02%	+1.01%