HYSZX vs. SDMZX
Compare and contrast key facts about PGIM Short Duration High Yield Income Fund (HYSZX) and PGIM Short Duration Multi-Sector Bond Fund (SDMZX).
HYSZX is managed by PGIM. It was launched on Oct 26, 2012. SDMZX is managed by PGIM. It was launched on Dec 23, 2013.
Performance
HYSZX vs. SDMZX - Performance Comparison
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HYSZX vs. SDMZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYSZX PGIM Short Duration High Yield Income Fund | -0.70% | 7.84% | 6.49% | 9.57% | -6.46% | 5.48% | 4.19% | 11.78% | 1.20% | 4.80% |
SDMZX PGIM Short Duration Multi-Sector Bond Fund | -0.15% | 6.18% | 5.64% | 6.25% | -4.82% | -0.19% | 3.97% | 7.92% | 0.95% | 3.96% |
Returns By Period
In the year-to-date period, HYSZX achieves a -0.70% return, which is significantly lower than SDMZX's -0.15% return. Over the past 10 years, HYSZX has outperformed SDMZX with an annualized return of 4.90%, while SDMZX has yielded a comparatively lower 3.14% annualized return.
HYSZX
- 1D
- 0.36%
- 1M
- -1.19%
- YTD
- -0.70%
- 6M
- 0.47%
- 1Y
- 5.26%
- 3Y*
- 6.72%
- 5Y*
- 3.86%
- 10Y*
- 4.90%
SDMZX
- 1D
- 0.11%
- 1M
- -0.89%
- YTD
- -0.15%
- 6M
- 1.04%
- 1Y
- 4.37%
- 3Y*
- 5.45%
- 5Y*
- 2.69%
- 10Y*
- 3.14%
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HYSZX vs. SDMZX - Expense Ratio Comparison
HYSZX has a 0.75% expense ratio, which is higher than SDMZX's 0.46% expense ratio.
Return for Risk
HYSZX vs. SDMZX — Risk / Return Rank
HYSZX
SDMZX
HYSZX vs. SDMZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Short Duration High Yield Income Fund (HYSZX) and PGIM Short Duration Multi-Sector Bond Fund (SDMZX). 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.
| HYSZX | SDMZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.80 | 2.11 | -0.31 |
Sortino ratioReturn per unit of downside risk | 2.68 | 3.67 | -0.99 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.51 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.45 | 3.30 | -0.85 |
Martin ratioReturn relative to average drawdown | 10.13 | 13.37 | -3.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HYSZX | SDMZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 2.11 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | 1.18 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.17 | 1.28 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 1.22 | -0.09 |
Correlation
The correlation between HYSZX and SDMZX is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
HYSZX vs. SDMZX - Dividend Comparison
HYSZX's dividend yield for the trailing twelve months is around 5.93%, more than SDMZX's 4.29% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYSZX PGIM Short Duration High Yield Income Fund | 5.93% | 6.45% | 6.27% | 4.84% | 5.01% | 4.56% | 5.00% | 5.60% | 5.94% | 5.73% | 6.33% | 6.76% |
SDMZX PGIM Short Duration Multi-Sector Bond Fund | 4.29% | 4.62% | 4.57% | 3.36% | 4.70% | 2.76% | 3.10% | 6.18% | 3.47% | 2.64% | 2.76% | 3.34% |
Drawdowns
HYSZX vs. SDMZX - Drawdown Comparison
The maximum HYSZX drawdown since its inception was -18.31%, which is greater than SDMZX's maximum drawdown of -9.76%. Use the drawdown chart below to compare losses from any high point for HYSZX and SDMZX.
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Drawdown Indicators
| HYSZX | SDMZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.31% | -9.76% | -8.55% |
Max Drawdown (1Y)Largest decline over 1 year | -2.39% | -1.44% | -0.95% |
Max Drawdown (5Y)Largest decline over 5 years | -9.77% | -8.51% | -1.26% |
Max Drawdown (10Y)Largest decline over 10 years | -18.31% | -9.76% | -8.55% |
Current DrawdownCurrent decline from peak | -1.42% | -1.11% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -1.20% | -1.00% | -0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 0.36% | +0.22% |
Volatility
HYSZX vs. SDMZX - Volatility Comparison
PGIM Short Duration High Yield Income Fund (HYSZX) has a higher volatility of 1.11% compared to PGIM Short Duration Multi-Sector Bond Fund (SDMZX) at 0.70%. This indicates that HYSZX's price experiences larger fluctuations and is considered to be riskier than SDMZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYSZX | SDMZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 0.70% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 1.94% | 1.41% | +0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.10% | 2.11% | +0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.83% | 2.30% | +1.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.21% | 2.46% | +1.75% |