EVSD vs. PSDM

Last updated Apr 1, 2026

Compare and contrast key facts about Eaton Vance Short Duration Income ETF (EVSD) and PGIM Short Duration Multi-Sector Bond ETF (PSDM).

EVSD and PSDM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EVSD is an actively managed fund by Eaton Vance. It was launched on Mar 31, 1992. PSDM is an actively managed fund by PGIM. It was launched on Jul 19, 2023.

Performance

EVSD vs. PSDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Short Duration Income ETF (EVSD) and PGIM Short Duration Multi-Sector Bond ETF (PSDM). The values are adjusted to include any dividend payments, if applicable.

EVSD vs. PSDM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EVSD Eaton Vance Short Duration Income ETF	0.10%	6.80%	3.87%
PSDM PGIM Short Duration Multi-Sector Bond ETF	0.48%	6.16%	3.60%

Returns By Period

In the year-to-date period, EVSD achieves a 0.10% return, which is significantly lower than PSDM's 0.48% return.

EVSD

• 1D: 0.20%
• 1M: -0.83%
• YTD: 0.10%
• 6M: 1.42%
• 1Y: 5.06%
• 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)

EVSD vs. PSDM - Expense Ratio Comparison

EVSD has a 0.24% expense ratio, which is lower than PSDM's 0.40% expense ratio.

PSDM

PGIM Short Duration Multi-Sector Bond ETF

EVSD

Eaton Vance Short Duration Income ETF

Return for Risk

EVSD vs. PSDM — Risk / Return Rank

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

EVSD

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

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.

EVSD vs. PSDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Short Duration Income ETF (EVSD) 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.

	EVSD	PSDM	Difference
Sharpe ratio Return per unit of total volatility	2.90	2.60	+0.30
Sortino ratio Return per unit of downside risk	4.50	4.17	+0.33
Omega ratio Gain probability vs. loss probability	1.62	1.55	+0.07
Calmar ratio Return relative to maximum drawdown	3.97	4.19	-0.22
Martin ratio Return relative to average drawdown	17.90	16.21	+1.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EVSD vs. PSDM - Sharpe Ratio Comparison

The current EVSD Sharpe Ratio is 2.90, which is comparable to the PSDM Sharpe Ratio of 2.60. The chart below compares the historical Sharpe Ratios of EVSD 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

	EVSD	PSDM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.90	2.60	+0.30
Sharpe Ratio (All Time) Calculated using the full available price history	3.10	2.99	+0.10

Correlation

The correlation between EVSD 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

EVSD vs. PSDM - Dividend Comparison

EVSD's dividend yield for the trailing twelve months is around 4.61%, less than PSDM's 5.32% yield.

	TTM	2025	2024	2023
EVSD Eaton Vance Short Duration Income ETF	4.61%	4.64%	2.91%	0.00%
PSDM PGIM Short Duration Multi-Sector Bond ETF	5.32%	4.57%	5.17%	2.91%

Drawdowns

EVSD vs. PSDM - Drawdown Comparison

The maximum EVSD drawdown since its inception was -1.26%, which is greater than PSDM's maximum drawdown of -1.19%. Use the drawdown chart below to compare losses from any high point for EVSD and PSDM.

Drawdown Indicators

	EVSD	PSDM	Difference
Max Drawdown Largest peak-to-trough decline	-1.26%	-1.19%	-0.07%
Max Drawdown (1Y) Largest decline over 1 year	-1.26%	-1.19%	-0.07%
Current Drawdown Current decline from peak	-0.83%	-0.45%	-0.38%
Average Drawdown Average peak-to-trough decline	-0.17%	-0.17%	0.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.28%	0.31%	-0.03%

Volatility

EVSD vs. PSDM - Volatility Comparison

The current volatility for Eaton Vance Short Duration Income ETF (EVSD) is 0.73%, while PGIM Short Duration Multi-Sector Bond ETF (PSDM) has a volatility of 0.91%. This indicates that EVSD experiences smaller price fluctuations and is considered to be less risky than PSDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EVSD	PSDM	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.73%	0.91%	-0.18%
Volatility (6M) Calculated over the trailing 6-month period	1.03%	1.18%	-0.15%
Volatility (1Y) Calculated over the trailing 1-year period	1.75%	1.96%	-0.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.97%	2.02%	-0.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.97%	2.02%	-0.05%