ISD vs. PSHNX
ISD (PGIM High Yield Bond Fund) and PSHNX (Penn Capital Short Duration High Income Fund) are both High Yield Bonds funds. Over the past 5 years, ISD returned 4.59%/yr vs 4.83%/yr for PSHNX. At a 0.46 correlation, their price movements are largely independent. ISD charges 0.02%/yr vs 1.01%/yr for PSHNX.
Performance
ISD vs. PSHNX - Performance Comparison
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Returns By Period
In the year-to-date period, ISD achieves a -8.36% return, which is significantly lower than PSHNX's 2.22% return.
ISD
- 1D
- -0.71%
- 1M
- 0.27%
- 6M
- -8.24%
- YTD
- -8.36%
- 1Y
- -1.42%
- 3Y*
- 10.47%
- 5Y*
- 4.59%
- 10Y*
- 6.76%
PSHNX
- 1D
- 0.00%
- 1M
- 0.37%
- 6M
- 1.90%
- YTD
- 2.22%
- 1Y
- 5.77%
- 3Y*
- 7.16%
- 5Y*
- 4.83%
- 10Y*
- —
ISD vs. PSHNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISD PGIM High Yield Bond Fund | -8.36% | 15.63% | 22.05% | 15.05% | -18.42% | 15.72% | 6.66% | 28.41% | -5.03% | 0.12% |
PSHNX Penn Capital Short Duration High Income Fund | 2.22% | 7.72% | 7.19% | 8.72% | -2.26% | 3.43% | 0.88% | 7.40% | 0.61% | 0.65% |
Correlation
The correlation between ISD and PSHNX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2017 | 0.46 |
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Return for Risk
ISD vs. PSHNX — Risk / Return Rank
ISD
PSHNX
ISD vs. PSHNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM High Yield Bond Fund (ISD) and Penn Capital Short Duration High Income Fund (PSHNX). 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 | PSHNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.30 | ||
| Sortino ratioReturn per unit of downside risk | -5.27 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.78 | -0.79 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 5.16 | -5.27 |
| Martin ratioReturn relative to average drawdown | -0.26 | 26.42 | -26.68 |
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Drawdowns
ISD vs. PSHNX - Drawdown Comparison
The maximum ISD drawdown since its inception was -38.88%, which is greater than PSHNX's maximum drawdown of -14.53%. Use the drawdown chart below to compare losses from any high point for ISD and PSHNX.
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Drawdown Indicators
| ISD | PSHNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.88% | -14.53% | -24.35% |
Max Drawdown (1Y)Largest decline over 1 year | -13.52% | -1.14% | -12.38% |
Max Drawdown (3Y)Largest decline over 3 years | -13.94% | -2.83% | -11.11% |
Max Drawdown (5Y)Largest decline over 5 years | -25.45% | -6.02% | -19.43% |
Max Drawdown (10Y)Largest decline over 10 years | -38.88% | — | — |
Current DrawdownCurrent decline from peak | -10.32% | 0.00% | -10.32% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -0.87% | -4.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.54% | 0.22% | +5.32% |
Volatility
ISD vs. PSHNX - Volatility Comparison
PGIM High Yield Bond Fund (ISD) has a higher volatility of 2.97% compared to Penn Capital Short Duration High Income Fund (PSHNX) at 0.23%. This indicates that ISD's price experiences larger fluctuations and is considered to be riskier than PSHNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISD | PSHNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.97% | 0.23% | +2.74% |
Volatility (6M)Calculated over the trailing 6-month period | 9.78% | 1.47% | +8.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.27% | 1.86% | +9.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.36% | 2.65% | +10.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.58% | 3.14% | +11.44% |
ISD vs. PSHNX - Expense Ratio Comparison
ISD has a 0.02% expense ratio, which is lower than PSHNX's 1.01% expense ratio.
Dividends
ISD vs. PSHNX - Dividend Comparison
ISD's dividend yield for the trailing twelve months is around 9.96%, more than PSHNX's 6.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISD PGIM High Yield Bond Fund | 9.96% | 8.71% | 9.21% | 10.23% | 10.61% | 7.85% | 8.40% | 7.86% | 7.89% | 8.46% | 8.28% | 9.64% |
PSHNX Penn Capital Short Duration High Income Fund | 6.06% | 6.27% | 6.43% | 4.95% | 3.47% | 3.17% | 3.95% | 3.65% | 3.13% | 1.46% | 0.00% | 0.00% |
Frequently Asked Questions
ISD and PSHNX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISD has higher volatility (2.97%) compared to PSHNX (0.23%). In terms of maximum drawdown, ISD dropped -38.88% vs PSHNX's -14.53%.
PSHNX currently has the higher Sharpe Ratio (3.17 vs -0.13), 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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