ISD vs. PBSMX
ISD (PGIM High Yield Bond Fund) and PBSMX (PGIM Short-Term Corporate Bond Fund) are both mutual funds - ISD is a High Yield Bonds fund managed by PGIM, while PBSMX is a Short-Term Bond fund managed by PGIM. Over the past 10 years, ISD returned 6.60%/yr vs 2.14%/yr for PBSMX. Their 0.16 correlation means their historical movements had little consistent relationship. ISD charges 0.02%/yr vs 0.71%/yr for PBSMX.
Performance
ISD vs. PBSMX - Performance Comparison
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Returns By Period
In the year-to-date period, ISD achieves a -9.89% return, which is significantly lower than PBSMX's 0.34% return. Over the past 10 years, ISD has outperformed PBSMX with an annualized return of 6.60%, while PBSMX has yielded a comparatively lower 2.14% annualized return.
ISD
- 1D
- -0.08%
- 1M
- -3.37%
- 6M
- -10.69%
- YTD
- -9.89%
- 1Y
- -4.69%
- 3Y*
- 10.30%
- 5Y*
- 4.23%
- 10Y*
- 6.60%
- ALL TIME*
- 5.58%
PBSMX
- 1D
- 0.09%
- 1M
- -0.37%
- 6M
- 0.01%
- YTD
- 0.34%
- 1Y
- 2.53%
- 3Y*
- 4.75%
- 5Y*
- 1.67%
- 10Y*
- 2.14%
- ALL TIME*
- 4.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.80M | $1.56M | $1.41M | |
| $0.00 | $0.00 | $0.00 |
ISD vs. PBSMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISD PGIM High Yield Bond Fund | -9.89% | 15.63% | 22.05% | 15.05% | -18.42% | 15.72% | 6.66% | 28.41% | -5.03% | 3.59% |
PBSMX PGIM Short-Term Corporate Bond Fund | 0.34% | 6.41% | 4.25% | 5.98% | -7.06% | -0.71% | 5.16% | 6.47% | 0.35% | 1.86% |
Correlation
The correlation between ISD and PBSMX is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.29 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.30 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.20 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2012 | 0.16 |
Over the past year, ISD and PBSMX have become more correlated (0.37) than their long-term average of 0.16, meaning their price movements have been converging.
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Return for Risk
ISD vs. PBSMX — Risk / Return Rank
ISD
PBSMX
ISD vs. PBSMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM High Yield Bond Fund (ISD) and PGIM Short-Term Corporate Bond Fund (PBSMX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ISD | PBSMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.05 | ||
| Sortino ratioReturn per unit of downside risk | -3.16 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.33 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 2.03 | -2.40 |
| Martin ratioReturn relative to average drawdown | -0.84 | 6.63 | -7.47 |
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Drawdowns
ISD vs. PBSMX - Drawdown Comparison
The maximum ISD drawdown since its inception was -38.88%, which is greater than PBSMX's maximum drawdown of -10.70%. Use the drawdown chart below to compare losses from any high point for ISD and PBSMX.
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Drawdown Indicators
| ISD | PBSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.88% | -10.70% | -28.18% |
Max Drawdown (1Y)Largest decline over 1 year | -13.52% | -1.65% | -11.87% |
Max Drawdown (3Y)Largest decline over 3 years | -13.94% | -1.65% | -12.29% |
Max Drawdown (5Y)Largest decline over 5 years | -25.45% | -10.62% | -14.83% |
Max Drawdown (10Y)Largest decline over 10 years | -38.88% | -10.70% | -28.18% |
Current DrawdownCurrent decline from peak | -11.81% | -0.64% | -11.17% |
Average DrawdownAverage peak-to-trough decline | -5.65% | -0.88% | -4.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.96% | 0.51% | +5.45% |
Volatility
ISD vs. PBSMX - Volatility Comparison
PGIM High Yield Bond Fund (ISD) has a higher volatility of 3.08% compared to PGIM Short-Term Corporate Bond Fund (PBSMX) at 0.54%. This indicates that ISD's price experiences larger fluctuations and is considered to be riskier than PBSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISD | PBSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 0.54% | +2.54% |
Volatility (6M)Calculated over the trailing 6-month period | 9.94% | 1.65% | +8.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.41% | 2.09% | +9.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.36% | 2.91% | +10.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.59% | 2.64% | +11.95% |
ISD vs. PBSMX - Expense Ratio Comparison
ISD has a 0.02% expense ratio, which is lower than PBSMX's 0.71% expense ratio.
Dividends
ISD vs. PBSMX - Dividend Comparison
ISD's dividend yield for the trailing twelve months is around 10.13%, more than PBSMX's 3.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISD PGIM High Yield Bond Fund | 10.13% | 8.71% | 9.21% | 10.23% | 10.61% | 7.85% | 8.40% | 7.86% | 7.89% | 8.46% | 8.28% | 9.64% |
PBSMX PGIM Short-Term Corporate Bond Fund | 3.56% | 3.74% | 3.00% | 2.65% | 2.02% | 1.79% | 2.22% | 2.57% | 2.57% | 2.40% | 2.40% | 2.56% |
Frequently Asked Questions
ISD and PBSMX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISD has higher volatility (3.08%) compared to PBSMX (0.54%). In terms of maximum drawdown, ISD dropped -38.88% vs PBSMX's -10.70%.
PBSMX currently has the higher Sharpe Ratio (1.61 vs -0.44), 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.
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