PADZX vs. SDVY

Last updated Apr 2, 2026

Compare and contrast key facts about PGIM Absolute Return Bond Fund (PADZX) and First Trust SMID Cap Rising Dividend Achievers ETF (SDVY).

PADZX is managed by PGIM. It was launched on Mar 29, 2011. SDVY is a passively managed fund by First Trust that tracks the performance of the NASDAQ US Small Mid Cap Rising Dividend Achievers™ Index. It was launched on Nov 1, 2017.

Performance

PADZX vs. SDVY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Absolute Return Bond Fund (PADZX) and First Trust SMID Cap Rising Dividend Achievers ETF (SDVY). The values are adjusted to include any dividend payments, if applicable.

PADZX vs. SDVY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PADZX PGIM Absolute Return Bond Fund	0.36%	5.10%	7.48%	6.11%	-1.55%	1.87%	0.59%	11.10%	0.71%	0.84%
SDVY First Trust SMID Cap Rising Dividend Achievers ETF	3.99%	8.83%	11.19%	28.58%	-11.98%	29.13%	11.72%	25.62%	-15.26%	5.78%

Returns By Period

In the year-to-date period, PADZX achieves a 0.36% return, which is significantly lower than SDVY's 3.99% return.

PADZX

• 1D: 0.00%
• 1M: -0.54%
• YTD: 0.36%
• 6M: 1.62%
• 1Y: 4.44%
• 3Y*: 6.11%
• 5Y*: 3.89%
• 10Y*: 4.26%

SDVY

• 1D: 0.81%
• 1M: -5.42%
• YTD: 3.99%
• 6M: 5.35%
• 1Y: 19.48%
• 3Y*: 16.30%
• 5Y*: 8.64%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PADZX vs. SDVY - Expense Ratio Comparison

PADZX has a 0.72% expense ratio, which is higher than SDVY's 0.60% expense ratio.

PADZX

PGIM Absolute Return Bond Fund

SDVY

First Trust SMID Cap Rising Dividend Achievers ETF

Return for Risk

PADZX vs. SDVY — Risk / Return Rank

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

PADZX

PADZX Risk / Return Rank: 98
PADZX Sharpe Ratio Rank: 96
PADZX Sortino Ratio Rank: 98
PADZX Omega Ratio Rank: 99
PADZX Calmar Ratio Rank: 98
PADZX Martin Ratio Rank: 97

SDVY

SDVY Risk / Return Rank: 54
SDVY Sharpe Ratio Rank: 51
SDVY Sortino Ratio Rank: 54
SDVY Omega Ratio Rank: 51
SDVY Calmar Ratio Rank: 55
SDVY Martin Ratio Rank: 57

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.

PADZX vs. SDVY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Absolute Return Bond Fund (PADZX) and First Trust SMID Cap Rising Dividend Achievers ETF (SDVY). 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.

	PADZX	SDVY	Difference
Sharpe ratio Return per unit of total volatility	2.52	0.96	+1.56
Sortino ratio Return per unit of downside risk	5.56	1.48	+4.09
Omega ratio Gain probability vs. loss probability	2.25	1.20	+1.05
Calmar ratio Return relative to maximum drawdown	4.98	1.50	+3.48
Martin ratio Return relative to average drawdown	18.39	5.91	+12.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PADZX vs. SDVY - Sharpe Ratio Comparison

The current PADZX Sharpe Ratio is 2.52, which is higher than the SDVY Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of PADZX and SDVY, 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

	PADZX	SDVY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.52	0.96	+1.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.89	0.41	+1.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.37	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.17	0.42	+0.75

Correlation

The correlation between PADZX and SDVY is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

PADZX vs. SDVY - Dividend Comparison

PADZX's dividend yield for the trailing twelve months is around 4.68%, more than SDVY's 1.25% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PADZX PGIM Absolute Return Bond Fund	4.68%	5.07%	5.18%	4.09%	2.89%	2.40%	3.41%	10.79%	5.02%	2.75%	2.36%	2.38%
SDVY First Trust SMID Cap Rising Dividend Achievers ETF	1.25%	1.69%	1.60%	1.90%	2.28%	1.09%	1.48%	1.69%	1.57%	0.29%	0.00%	0.00%

Drawdowns

PADZX vs. SDVY - Drawdown Comparison

The maximum PADZX drawdown since its inception was -17.99%, smaller than the maximum SDVY drawdown of -44.70%. Use the drawdown chart below to compare losses from any high point for PADZX and SDVY.

Drawdown Indicators

	PADZX	SDVY	Difference
Max Drawdown Largest peak-to-trough decline	-17.99%	-44.70%	+26.71%
Max Drawdown (1Y) Largest decline over 1 year	-0.87%	-13.48%	+12.61%
Max Drawdown (5Y) Largest decline over 5 years	-4.05%	-25.92%	+21.87%
Max Drawdown (10Y) Largest decline over 10 years	-17.99%	—	—
Current Drawdown Current decline from peak	-0.65%	-6.31%	+5.66%
Average Drawdown Average peak-to-trough decline	-0.96%	-7.83%	+6.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.27%	3.42%	-3.15%

Volatility

PADZX vs. SDVY - Volatility Comparison

The current volatility for PGIM Absolute Return Bond Fund (PADZX) is 0.35%, while First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) has a volatility of 5.31%. This indicates that PADZX experiences smaller price fluctuations and is considered to be less risky than SDVY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PADZX	SDVY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.35%	5.31%	-4.96%
Volatility (6M) Calculated over the trailing 6-month period	1.16%	11.05%	-9.89%
Volatility (1Y) Calculated over the trailing 1-year period	1.80%	20.42%	-18.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.06%	21.11%	-19.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.13%	24.98%	-21.85%