PBSMX vs. TNSHX
Compare and contrast key facts about PGIM Short-Term Corporate Bond Fund (PBSMX) and TIAA-CREF Short-Term Bond Index Fund (TNSHX).
PBSMX is managed by PGIM. It was launched on Sep 1, 1989. TNSHX is managed by TIAA Investments. It was launched on Aug 7, 2015.
Performance
PBSMX vs. TNSHX - Performance Comparison
Loading graphics...
PBSMX vs. TNSHX - 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% |
TNSHX TIAA-CREF Short-Term Bond Index Fund | -0.07% | 5.31% | 4.03% | 4.05% | -3.96% | -0.57% | 3.26% | 4.05% | 1.31% | 0.70% |
Returns By Period
In the year-to-date period, PBSMX achieves a -0.30% return, which is significantly lower than TNSHX's -0.07% return. Over the past 10 years, PBSMX has outperformed TNSHX with an annualized return of 2.25%, while TNSHX has yielded a comparatively lower 1.78% 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%
TNSHX
- 1D
- 0.00%
- 1M
- -0.62%
- YTD
- -0.07%
- 6M
- 0.96%
- 1Y
- 3.56%
- 3Y*
- 3.89%
- 5Y*
- 1.72%
- 10Y*
- 1.78%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PBSMX vs. TNSHX - Expense Ratio Comparison
PBSMX has a 0.71% expense ratio, which is higher than TNSHX's 0.09% expense ratio.
Return for Risk
PBSMX vs. TNSHX — Risk / Return Rank
PBSMX
TNSHX
PBSMX vs. TNSHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Short-Term Corporate Bond Fund (PBSMX) and TIAA-CREF Short-Term Bond Index Fund (TNSHX). 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 | TNSHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.84 | 1.83 | +0.01 |
Sortino ratioReturn per unit of downside risk | 2.88 | 3.29 | -0.41 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.45 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.76 | 3.67 | -0.92 |
Martin ratioReturn relative to average drawdown | 10.65 | 13.23 | -2.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PBSMX | TNSHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 1.83 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.78 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.99 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.60 | 1.03 | +0.57 |
Correlation
The correlation between PBSMX and TNSHX is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PBSMX vs. TNSHX - Dividend Comparison
PBSMX's dividend yield for the trailing twelve months is around 3.50%, less than TNSHX's 3.82% 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% |
TNSHX TIAA-CREF Short-Term Bond Index Fund | 3.82% | 4.22% | 3.94% | 2.68% | 1.00% | 1.03% | 1.81% | 2.45% | 1.80% | 1.31% | 0.98% | 0.00% |
Drawdowns
PBSMX vs. TNSHX - Drawdown Comparison
The maximum PBSMX drawdown since its inception was -10.70%, which is greater than TNSHX's maximum drawdown of -5.99%. Use the drawdown chart below to compare losses from any high point for PBSMX and TNSHX.
Loading graphics...
Drawdown Indicators
| PBSMX | TNSHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.70% | -5.99% | -4.71% |
Max Drawdown (1Y)Largest decline over 1 year | -1.65% | -1.13% | -0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -10.70% | -5.99% | -4.71% |
Max Drawdown (10Y)Largest decline over 10 years | -10.70% | -5.99% | -4.71% |
Current DrawdownCurrent decline from peak | -1.29% | -0.82% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -0.88% | -0.90% | +0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 0.31% | +0.12% |
Volatility
PBSMX vs. TNSHX - Volatility Comparison
PGIM Short-Term Corporate Bond Fund (PBSMX) has a higher volatility of 0.67% compared to TIAA-CREF Short-Term Bond Index Fund (TNSHX) at 0.52%. This indicates that PBSMX's price experiences larger fluctuations and is considered to be riskier than TNSHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PBSMX | TNSHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.67% | 0.52% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 1.33% | 1.23% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.29% | 1.99% | +0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.86% | 2.22% | +0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.62% | 1.80% | +0.82% |