PBSMX vs. BRASX
Compare and contrast key facts about PGIM Short-Term Corporate Bond Fund (PBSMX) and BlackRock Allocation Target Shares Series S Portfolio (BRASX).
PBSMX is managed by PGIM Investments. It was launched on Sep 1, 1989. BRASX is managed by Blackrock. It was launched on Sep 30, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PBSMX or BRASX.
Key characteristics
| PBSMX | BRASX | |
|---|---|---|
| YTD Return | 4.10% | 4.34% |
| 1Y Return | 8.56% | 7.61% |
| 3Y Return (Ann) | 1.13% | 1.95% |
| 5Y Return (Ann) | 1.71% | 2.09% |
| 10Y Return (Ann) | 1.98% | 2.37% |
| Sharpe Ratio | 3.12 | 3.29 |
| Sortino Ratio | 5.29 | 6.21 |
| Omega Ratio | 1.70 | 1.87 |
| Calmar Ratio | 1.60 | 4.13 |
| Martin Ratio | 19.57 | 24.78 |
| Ulcer Index | 0.45% | 0.32% |
| Daily Std Dev | 2.85% | 2.40% |
| Max Drawdown | -10.36% | -10.61% |
| Current Drawdown | -1.30% | -0.97% |
Correlation
The correlation between PBSMX and BRASX is 0.70, 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.
Performance
PBSMX vs. BRASX - Performance Comparison
In the year-to-date period, PBSMX achieves a 4.10% return, which is significantly lower than BRASX's 4.34% return. Over the past 10 years, PBSMX has underperformed BRASX with an annualized return of 1.98%, while BRASX has yielded a comparatively higher 2.37% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PBSMX vs. BRASX - Expense Ratio Comparison
PBSMX has a 0.71% expense ratio, which is higher than BRASX's 0.00% expense ratio.
Risk-Adjusted Performance
PBSMX vs. BRASX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Short-Term Corporate Bond Fund (PBSMX) and BlackRock Allocation Target Shares Series S Portfolio (BRASX). 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.
Dividends
PBSMX vs. BRASX - Dividend Comparison
PBSMX's dividend yield for the trailing twelve months is around 3.24%, less than BRASX's 4.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBSMX PGIM Short-Term Corporate Bond Fund | 3.24% | 3.23% | 2.42% | 1.95% | 2.21% | 2.58% | 2.57% | 2.46% | 2.41% | 2.55% | 2.72% | 2.68% |
BRASX BlackRock Allocation Target Shares Series S Portfolio | 4.20% | 4.03% | 2.85% | 1.60% | 2.64% | 3.07% | 2.24% | 2.88% | 3.36% | 3.26% | 1.78% | 0.64% |
Drawdowns
PBSMX vs. BRASX - Drawdown Comparison
The maximum PBSMX drawdown since its inception was -10.36%, roughly equal to the maximum BRASX drawdown of -10.61%. Use the drawdown chart below to compare losses from any high point for PBSMX and BRASX. For additional features, visit the drawdowns tool.
Volatility
PBSMX vs. BRASX - Volatility Comparison
PGIM Short-Term Corporate Bond Fund (PBSMX) has a higher volatility of 0.56% compared to BlackRock Allocation Target Shares Series S Portfolio (BRASX) at 0.53%. This indicates that PBSMX's price experiences larger fluctuations and is considered to be riskier than BRASX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.