DYFI vs. PSDM

Last updated Jun 4, 2026

DYFI (IDX Dynamic 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, DYFI returned 3.92% vs 5.16% for PSDM. A 0.58 correlation means they provide meaningful diversification when combined. DYFI charges 1.33%/yr vs 0.40%/yr for PSDM.

Performance

DYFI vs. PSDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in IDX Dynamic Fixed Income ETF (DYFI) 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, DYFI achieves a -0.13% return, which is significantly lower than PSDM's 1.23% return.

DYFI

• 1D: -0.11%
• 1M: 0.23%
• YTD: -0.13%
• 6M: 0.18%
• 1Y: 3.92%
• 3Y*: —
• 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)

DYFI vs. PSDM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DYFI IDX Dynamic Fixed Income ETF	-0.13%	3.76%	-1.37%
PSDM PGIM Short Duration Multi-Sector Bond ETF	1.23%	6.16%	5.50%

Correlation

The correlation between DYFI 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 Jan 11, 2024	0.58

The correlation between DYFI and PSDM shifts across timeframes, from 0.58 (all time) to 0.76 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

DYFI vs. PSDM — Risk / Return Rank

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

DYFI

DYFI Risk / Return Rank: 42
DYFI Sharpe Ratio Rank: 46
DYFI Sortino Ratio Rank: 45
DYFI Omega Ratio Rank: 49
DYFI Calmar Ratio Rank: 33
DYFI Martin Ratio Rank: 36

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.

DYFI vs. PSDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IDX Dynamic Fixed Income ETF (DYFI) 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.

	DYFI	PSDM	Difference
Sharpe ratio: Return per unit of total volatility	1.59	2.96	-1.37
Sortino ratio: Return per unit of downside risk	2.22	5.06	-2.84
Omega ratio: Gain probability vs. loss probability	1.31	1.64	-0.34
Calmar ratio: Return relative to maximum drawdown	1.58	4.35	-2.77
Martin ratio: Return relative to average drawdown	5.52	19.69	-14.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DYFI vs. PSDM - Sharpe Ratio Comparison

The current DYFI Sharpe Ratio is 1.59, which is lower than the PSDM Sharpe Ratio of 2.96. The chart below compares the historical Sharpe Ratios of DYFI 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

	DYFI	PSDM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	2.96	-1.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	2.97	-2.70

Drawdowns

DYFI vs. PSDM - Drawdown Comparison

The maximum DYFI drawdown since its inception was -4.54%, which is greater than PSDM's maximum drawdown of -1.19%. Use the drawdown chart below to compare losses from any high point for DYFI and PSDM.

Drawdown Indicators

	DYFI	PSDM	Difference
Max Drawdown Largest peak-to-trough decline	-4.54%	-1.19%	-3.35%
Max Drawdown (1Y) Largest decline over 1 year	-2.49%	-1.19%	-1.30%
Current Drawdown Current decline from peak	-1.07%	-0.16%	-0.91%
Average Drawdown Average peak-to-trough decline	-1.41%	-0.17%	-1.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.71%	0.26%	+0.45%

Volatility

DYFI vs. PSDM - Volatility Comparison

IDX Dynamic Fixed Income ETF (DYFI) has a higher volatility of 0.87% compared to PGIM Short Duration Multi-Sector Bond ETF (PSDM) at 0.53%. This indicates that DYFI'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

	DYFI	PSDM	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.87%	0.53%	+0.34%
Volatility (6M) Calculated over the trailing 6-month period	2.01%	1.28%	+0.73%
Volatility (1Y) Calculated over the trailing 1-year period	2.48%	1.75%	+0.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.38%	2.01%	+1.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.38%	2.01%	+1.37%

DYFI vs. PSDM - Expense Ratio Comparison

DYFI has a 1.33% expense ratio, which is higher than PSDM's 0.40% expense ratio.

Dividends

DYFI vs. PSDM - Dividend Comparison

DYFI's dividend yield for the trailing twelve months is around 4.62%, less than PSDM's 4.85% yield.

Position	TTM	2025	2024	2023
DYFI IDX Dynamic Fixed Income ETF	4.62%	4.63%	5.93%	0.00%
PSDM PGIM Short Duration Multi-Sector Bond ETF	4.85%	4.57%	5.17%	2.91%

Frequently Asked Questions

Can I hold both DYFI and PSDM in my portfolio?

DYFI 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, DYFI or PSDM?

DYFI has higher volatility (0.87%) compared to PSDM (0.53%). In terms of maximum drawdown, DYFI dropped -4.54% vs PSDM's -1.19%.

Which ETF is better, DYFI or PSDM?

On 1-year performance, PSDM leads with 5.16% vs 3.92% for DYFI. On fees, PSDM is cheaper at 0.40% per year. 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, DYFI or PSDM?

Over the 1-year period, PSDM has performed better with a 5.16% return vs 3.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DYFI or PSDM?

PSDM is cheaper with a 0.40% expense ratio, compared with 1.33% for DYFI.

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

PSDM has the higher dividend yield at 4.85%, compared with 4.62% for DYFI.

What is the main difference between DYFI and PSDM?

They also come from different issuers: IDX and PGIM. Their fees differ too: 1.33% for DYFI and 0.40% for PSDM.

Which has better risk-adjusted returns?

PSDM currently has the higher Sharpe Ratio (2.96 vs 1.59), 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.