DOXLX vs. PSDM

Last updated Apr 1, 2026

Compare and contrast key facts about Dodge & Cox Global Bond Fund (DOXLX) and PGIM Short Duration Multi-Sector Bond ETF (PSDM).

DOXLX is an actively managed fund by Dodge & Cox. It was launched on May 1, 2014. PSDM is an actively managed fund by PGIM. It was launched on Jul 19, 2023.

Performance

DOXLX vs. PSDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dodge & Cox Global Bond Fund (DOXLX) and PGIM Short Duration Multi-Sector Bond ETF (PSDM). The values are adjusted to include any dividend payments, if applicable.

DOXLX vs. PSDM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DOXLX Dodge & Cox Global Bond Fund	-0.63%	11.60%	0.63%	5.32%
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, DOXLX achieves a -0.63% return, which is significantly lower than PSDM's 0.48% return.

DOXLX

• 1D: 0.36%
• 1M: -3.30%
• YTD: -0.63%
• 6M: 0.43%
• 1Y: 6.92%
• 3Y*: 6.61%
• 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)

DOXLX vs. PSDM - Expense Ratio Comparison

DOXLX has a 0.37% expense ratio, which is lower than PSDM's 0.40% expense ratio.

PSDM

PGIM Short Duration Multi-Sector Bond ETF

DOXLX

Dodge & Cox Global Bond Fund

Return for Risk

DOXLX vs. PSDM — Risk / Return Rank

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

DOXLX

DOXLX Risk / Return Rank: 81
DOXLX Sharpe Ratio Rank: 82
DOXLX Sortino Ratio Rank: 84
DOXLX Omega Ratio Rank: 75
DOXLX Calmar Ratio Rank: 83
DOXLX Martin Ratio Rank: 82

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.

DOXLX vs. PSDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dodge & Cox Global Bond Fund (DOXLX) 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.

	DOXLX	PSDM	Difference
Sharpe ratio Return per unit of total volatility	1.56	2.60	-1.04
Sortino ratio Return per unit of downside risk	2.24	4.17	-1.93
Omega ratio Gain probability vs. loss probability	1.29	1.55	-0.26
Calmar ratio Return relative to maximum drawdown	2.06	4.19	-2.13
Martin ratio Return relative to average drawdown	8.25	16.21	-7.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DOXLX vs. PSDM - Sharpe Ratio Comparison

The current DOXLX Sharpe Ratio is 1.56, which is lower than the PSDM Sharpe Ratio of 2.60. The chart below compares the historical Sharpe Ratios of DOXLX 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

	DOXLX	PSDM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.56	2.60	-1.04
Sharpe Ratio (All Time) Calculated using the full available price history	1.12	2.99	-1.87

Correlation

The correlation between DOXLX and PSDM is 0.78, 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

DOXLX vs. PSDM - Dividend Comparison

DOXLX's dividend yield for the trailing twelve months is around 4.19%, less than PSDM's 5.32% yield.

	TTM	2025	2024	2023	2022
DOXLX Dodge & Cox Global Bond Fund	4.19%	4.14%	4.81%	3.36%	4.58%
PSDM PGIM Short Duration Multi-Sector Bond ETF	5.32%	4.57%	5.17%	2.91%	0.00%

Drawdowns

DOXLX vs. PSDM - Drawdown Comparison

The maximum DOXLX drawdown since its inception was -8.14%, which is greater than PSDM's maximum drawdown of -1.19%. Use the drawdown chart below to compare losses from any high point for DOXLX and PSDM.

Drawdown Indicators

	DOXLX	PSDM	Difference
Max Drawdown Largest peak-to-trough decline	-8.14%	-1.19%	-6.95%
Max Drawdown (1Y) Largest decline over 1 year	-3.65%	-1.19%	-2.46%
Current Drawdown Current decline from peak	-3.30%	-0.45%	-2.85%
Average Drawdown Average peak-to-trough decline	-1.62%	-0.17%	-1.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.91%	0.31%	+0.60%

Volatility

DOXLX vs. PSDM - Volatility Comparison

Dodge & Cox Global Bond Fund (DOXLX) has a higher volatility of 1.99% compared to PGIM Short Duration Multi-Sector Bond ETF (PSDM) at 0.91%. This indicates that DOXLX'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

	DOXLX	PSDM	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.99%	0.91%	+1.08%
Volatility (6M) Calculated over the trailing 6-month period	2.79%	1.18%	+1.61%
Volatility (1Y) Calculated over the trailing 1-year period	4.53%	1.96%	+2.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.49%	2.02%	+3.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.49%	2.02%	+3.47%