PBSMX vs. PIMSX
Compare and contrast key facts about PGIM Short-Term Corporate Bond Fund (PBSMX) and Virtus Newfleet Multi-Sector S/T Bd I (PIMSX).
PBSMX is managed by PGIM. It was launched on Sep 1, 1989. PIMSX is managed by Virtus. It was launched on Nov 3, 2016.
Performance
PBSMX vs. PIMSX - Performance Comparison
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PBSMX vs. PIMSX - 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% |
PIMSX Virtus Newfleet Multi-Sector S/T Bd I | -0.13% | 6.08% | 5.90% | 7.16% | -5.52% | 0.20% | 4.58% | 6.40% | -0.53% | 3.93% |
Returns By Period
In the year-to-date period, PBSMX achieves a -0.49% return, which is significantly lower than PIMSX's -0.13% return. Over the past 10 years, PBSMX has underperformed PIMSX with an annualized return of 2.23%, while PIMSX has yielded a comparatively higher 3.16% 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%
PIMSX
- 1D
- 0.00%
- 1M
- -1.30%
- YTD
- -0.13%
- 6M
- 1.07%
- 1Y
- 4.41%
- 3Y*
- 5.61%
- 5Y*
- 2.71%
- 10Y*
- 3.16%
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PBSMX vs. PIMSX - Expense Ratio Comparison
PBSMX has a 0.71% expense ratio, which is higher than PIMSX's 0.65% expense ratio.
Return for Risk
PBSMX vs. PIMSX — Risk / Return Rank
PBSMX
PIMSX
PBSMX vs. PIMSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Short-Term Corporate Bond Fund (PBSMX) and Virtus Newfleet Multi-Sector S/T Bd I (PIMSX). 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 | PIMSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.92 | 2.05 | -0.13 |
Sortino ratioReturn per unit of downside risk | 3.03 | 3.51 | -0.47 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.60 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 2.76 | 3.69 | -0.93 |
Martin ratioReturn relative to average drawdown | 10.84 | 14.28 | -3.44 |
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 | PIMSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 2.05 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 1.03 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 1.17 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.60 | 1.29 | +0.31 |
Correlation
The correlation between PBSMX and PIMSX is 0.55, 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.
Dividends
PBSMX vs. PIMSX - Dividend Comparison
PBSMX's dividend yield for the trailing twelve months is around 3.51%, less than PIMSX's 4.34% 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% |
PIMSX Virtus Newfleet Multi-Sector S/T Bd I | 4.34% | 4.77% | 4.60% | 3.66% | 2.77% | 1.89% | 2.92% | 3.18% | 3.16% | 3.23% | 3.16% | 3.18% |
Drawdowns
PBSMX vs. PIMSX - Drawdown Comparison
The maximum PBSMX drawdown since its inception was -10.70%, smaller than the maximum PIMSX drawdown of -18.10%. Use the drawdown chart below to compare losses from any high point for PBSMX and PIMSX.
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Drawdown Indicators
| PBSMX | PIMSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.70% | -18.10% | +7.40% |
Max Drawdown (1Y)Largest decline over 1 year | -1.65% | -1.30% | -0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -10.70% | -8.06% | -2.64% |
Max Drawdown (10Y)Largest decline over 10 years | -10.70% | -10.69% | -0.01% |
Current DrawdownCurrent decline from peak | -1.47% | -1.30% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -0.88% | -1.50% | +0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 0.34% | +0.08% |
Volatility
PBSMX vs. PIMSX - Volatility Comparison
PGIM Short-Term Corporate Bond Fund (PBSMX) and Virtus Newfleet Multi-Sector S/T Bd I (PIMSX) have volatilities of 0.66% and 0.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PBSMX | PIMSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 0.65% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.32% | 1.51% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.29% | 2.36% | -0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.86% | 2.65% | +0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.62% | 2.69% | -0.07% |