PBSMX vs. SPHY
Compare and contrast key facts about PGIM Short-Term Corporate Bond Fund (PBSMX) and SPDR Portfolio High Yield Bond ETF (SPHY).
PBSMX is managed by PGIM Investments. It was launched on Sep 1, 1989. SPHY is a passively managed fund by State Street that tracks the performance of the ICE BofAML US High Yield Index. It was launched on Jun 18, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PBSMX or SPHY.
Correlation
The correlation between PBSMX and SPHY is 0.23, 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.
Performance
PBSMX vs. SPHY - Performance Comparison
Key characteristics
PBSMX:
1.90
SPHY:
2.05
PBSMX:
2.96
SPHY:
2.93
PBSMX:
1.38
SPHY:
1.38
PBSMX:
2.18
SPHY:
3.75
PBSMX:
8.60
SPHY:
15.03
PBSMX:
0.57%
SPHY:
0.57%
PBSMX:
2.60%
SPHY:
4.18%
PBSMX:
-10.35%
SPHY:
-21.97%
PBSMX:
-1.27%
SPHY:
-1.51%
Returns By Period
In the year-to-date period, PBSMX achieves a 4.13% return, which is significantly lower than SPHY's 7.88% return. Over the past 10 years, PBSMX has underperformed SPHY with an annualized return of 2.03%, while SPHY has yielded a comparatively higher 4.50% annualized return.
PBSMX
4.13%
-0.19%
2.58%
4.95%
1.70%
2.03%
SPHY
7.88%
-0.48%
4.79%
8.16%
4.26%
4.50%
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PBSMX vs. SPHY - Expense Ratio Comparison
PBSMX has a 0.71% expense ratio, which is higher than SPHY's 0.10% expense ratio.
Risk-Adjusted Performance
PBSMX vs. SPHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Short-Term Corporate Bond Fund (PBSMX) and SPDR Portfolio High Yield Bond ETF (SPHY). 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. SPHY - Dividend Comparison
PBSMX's dividend yield for the trailing twelve months is around 3.28%, less than SPHY's 7.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBSMX PGIM Short-Term Corporate Bond Fund | 3.28% | 3.23% | 2.41% | 1.97% | 2.22% | 2.57% | 2.57% | 2.47% | 2.41% | 2.55% | 2.72% | 2.93% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.18% | 7.30% | 6.46% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.28% | 4.29% | 3.98% | 4.40% |
Drawdowns
PBSMX vs. SPHY - Drawdown Comparison
The maximum PBSMX drawdown since its inception was -10.35%, smaller than the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for PBSMX and SPHY. For additional features, visit the drawdowns tool.
Volatility
PBSMX vs. SPHY - Volatility Comparison
The current volatility for PGIM Short-Term Corporate Bond Fund (PBSMX) is 0.59%, while SPDR Portfolio High Yield Bond ETF (SPHY) has a volatility of 1.31%. This indicates that PBSMX experiences smaller price fluctuations and is considered to be less risky than SPHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.