PBSMX vs. FRFZX
Compare and contrast key facts about PGIM Short-Term Corporate Bond Fund (PBSMX) and PGIM Floating Rate Income Fund (FRFZX).
PBSMX is managed by PGIM. It was launched on Sep 1, 1989. FRFZX is managed by PGIM. It was launched on Mar 29, 2011.
Performance
PBSMX vs. FRFZX - Performance Comparison
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PBSMX vs. FRFZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PBSMX PGIM Short-Term Corporate Bond Fund | -0.49% | 6.41% | 4.25% | 5.98% | -7.06% | -0.71% | 5.16% | 6.47% | 0.35% | 1.86% |
FRFZX PGIM Floating Rate Income Fund | -0.61% | 5.66% | 9.45% | 14.11% | -3.56% | 5.46% | 4.62% | 7.47% | -0.13% | 4.48% |
Returns By Period
In the year-to-date period, PBSMX achieves a -0.49% return, which is significantly higher than FRFZX's -0.61% return. Over the past 10 years, PBSMX has underperformed FRFZX with an annualized return of 2.23%, while FRFZX has yielded a comparatively higher 5.30% annualized return.
PBSMX
- 1D
- 0.19%
- 1M
- -1.47%
- YTD
- -0.49%
- 6M
- 0.65%
- 1Y
- 3.94%
- 3Y*
- 4.66%
- 5Y*
- 1.71%
- 10Y*
- 2.23%
FRFZX
- 1D
- -0.11%
- 1M
- -0.34%
- YTD
- -0.61%
- 6M
- 0.74%
- 1Y
- 4.85%
- 3Y*
- 8.27%
- 5Y*
- 5.44%
- 10Y*
- 5.30%
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PBSMX vs. FRFZX - Expense Ratio Comparison
PBSMX has a 0.71% expense ratio, which is higher than FRFZX's 0.70% expense ratio.
Return for Risk
PBSMX vs. FRFZX — Risk / Return Rank
PBSMX
FRFZX
PBSMX vs. FRFZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Short-Term Corporate Bond Fund (PBSMX) and PGIM Floating Rate Income Fund (FRFZX). 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.
| PBSMX | FRFZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.92 | 1.95 | -0.03 |
Sortino ratioReturn per unit of downside risk | 3.03 | 3.26 | -0.22 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.62 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | 2.76 | 2.21 | +0.55 |
Martin ratioReturn relative to average drawdown | 10.84 | 9.23 | +1.61 |
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
| PBSMX | FRFZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 1.95 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 1.78 | -1.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 1.34 | -0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.60 | 1.36 | +0.24 |
Correlation
The correlation between PBSMX and FRFZX is 0.20, 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
PBSMX vs. FRFZX - Dividend Comparison
PBSMX's dividend yield for the trailing twelve months is around 3.51%, less than FRFZX's 7.00% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBSMX PGIM Short-Term Corporate Bond Fund | 3.51% | 3.74% | 3.00% | 2.65% | 2.02% | 1.79% | 2.22% | 2.57% | 2.57% | 2.40% | 2.40% | 2.56% |
FRFZX PGIM Floating Rate Income Fund | 7.00% | 7.65% | 8.76% | 8.87% | 6.41% | 3.33% | 5.35% | 5.42% | 5.06% | 4.90% | 4.34% | 3.97% |
Drawdowns
PBSMX vs. FRFZX - Drawdown Comparison
The maximum PBSMX drawdown since its inception was -10.70%, smaller than the maximum FRFZX drawdown of -21.95%. Use the drawdown chart below to compare losses from any high point for PBSMX and FRFZX.
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Drawdown Indicators
| PBSMX | FRFZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.70% | -21.95% | +11.25% |
Max Drawdown (1Y)Largest decline over 1 year | -1.65% | -2.23% | +0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -10.70% | -7.85% | -2.85% |
Max Drawdown (10Y)Largest decline over 10 years | -10.70% | -21.95% | +11.25% |
Current DrawdownCurrent decline from peak | -1.47% | -0.85% | -0.62% |
Average DrawdownAverage peak-to-trough decline | -0.88% | -0.93% | +0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 0.56% | -0.14% |
Volatility
PBSMX vs. FRFZX - Volatility Comparison
PGIM Short-Term Corporate Bond Fund (PBSMX) has a higher volatility of 0.66% compared to PGIM Floating Rate Income Fund (FRFZX) at 0.60%. This indicates that PBSMX's price experiences larger fluctuations and is considered to be riskier than FRFZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PBSMX | FRFZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 0.60% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 1.32% | 1.58% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.29% | 2.72% | -0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.86% | 3.07% | -0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.62% | 3.96% | -1.34% |