PBSMX vs. PGOAX
Compare and contrast key facts about PGIM Short-Term Corporate Bond Fund (PBSMX) and PGIM Jennison Small Company Fund (PGOAX).
PBSMX is managed by PGIM. It was launched on Sep 1, 1989. PGOAX is managed by PGIM. It was launched on Jan 22, 1990.
Performance
PBSMX vs. PGOAX - Performance Comparison
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PBSMX vs. PGOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PBSMX PGIM Short-Term Corporate Bond Fund | -0.30% | 6.41% | 4.25% | 5.98% | -7.06% | -0.71% | 5.16% | 6.47% | 0.35% | 1.86% |
PGOAX PGIM Jennison Small Company Fund | 0.82% | 6.96% | 16.26% | 11.48% | -18.85% | 29.05% | 27.07% | 41.48% | -13.69% | 19.58% |
Returns By Period
In the year-to-date period, PBSMX achieves a -0.30% return, which is significantly lower than PGOAX's 0.82% return. Over the past 10 years, PBSMX has underperformed PGOAX with an annualized return of 2.25%, while PGOAX has yielded a comparatively higher 11.81% annualized return.
PBSMX
- 1D
- 0.19%
- 1M
- -1.01%
- YTD
- -0.30%
- 6M
- 0.75%
- 1Y
- 4.13%
- 3Y*
- 4.73%
- 5Y*
- 1.73%
- 10Y*
- 2.25%
PGOAX
- 1D
- 3.52%
- 1M
- -6.58%
- YTD
- 0.82%
- 6M
- 6.31%
- 1Y
- 17.14%
- 3Y*
- 10.55%
- 5Y*
- 5.15%
- 10Y*
- 11.81%
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PBSMX vs. PGOAX - Expense Ratio Comparison
PBSMX has a 0.71% expense ratio, which is lower than PGOAX's 1.13% expense ratio.
Return for Risk
PBSMX vs. PGOAX — Risk / Return Rank
PBSMX
PGOAX
PBSMX vs. PGOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Short-Term Corporate Bond Fund (PBSMX) and PGIM Jennison Small Company Fund (PGOAX). 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 | PGOAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.84 | 0.84 | +1.00 |
Sortino ratioReturn per unit of downside risk | 2.88 | 1.30 | +1.58 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.18 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 2.76 | 1.20 | +1.55 |
Martin ratioReturn relative to average drawdown | 10.65 | 4.98 | +5.66 |
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 | PGOAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 0.84 | +1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.26 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.54 | +0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.60 | 0.56 | +1.05 |
Correlation
The correlation between PBSMX and PGOAX is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
PBSMX vs. PGOAX - Dividend Comparison
PBSMX's dividend yield for the trailing twelve months is around 3.50%, less than PGOAX's 8.05% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBSMX PGIM Short-Term Corporate Bond Fund | 3.50% | 3.74% | 3.00% | 2.65% | 2.02% | 1.79% | 2.22% | 2.57% | 2.57% | 2.40% | 2.40% | 2.56% |
PGOAX PGIM Jennison Small Company Fund | 8.05% | 8.11% | 5.29% | 0.37% | 4.11% | 37.46% | 14.95% | 18.11% | 20.80% | 8.28% | 5.42% | 15.00% |
Drawdowns
PBSMX vs. PGOAX - Drawdown Comparison
The maximum PBSMX drawdown since its inception was -10.70%, smaller than the maximum PGOAX drawdown of -56.57%. Use the drawdown chart below to compare losses from any high point for PBSMX and PGOAX.
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Drawdown Indicators
| PBSMX | PGOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.70% | -56.57% | +45.87% |
Max Drawdown (1Y)Largest decline over 1 year | -1.65% | -14.34% | +12.69% |
Max Drawdown (5Y)Largest decline over 5 years | -10.70% | -28.19% | +17.49% |
Max Drawdown (10Y)Largest decline over 10 years | -10.70% | -47.39% | +36.69% |
Current DrawdownCurrent decline from peak | -1.29% | -6.71% | +5.42% |
Average DrawdownAverage peak-to-trough decline | -0.88% | -9.03% | +8.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 3.46% | -3.03% |
Volatility
PBSMX vs. PGOAX - Volatility Comparison
The current volatility for PGIM Short-Term Corporate Bond Fund (PBSMX) is 0.67%, while PGIM Jennison Small Company Fund (PGOAX) has a volatility of 7.51%. This indicates that PBSMX experiences smaller price fluctuations and is considered to be less risky than PGOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PBSMX | PGOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.67% | 7.51% | -6.84% |
Volatility (6M)Calculated over the trailing 6-month period | 1.33% | 12.40% | -11.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.29% | 20.94% | -18.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.86% | 20.26% | -17.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.62% | 22.12% | -19.50% |