PBSMX vs. VCSH
Compare and contrast key facts about PGIM Short-Term Corporate Bond Fund (PBSMX) and Vanguard Short-Term Corporate Bond ETF (VCSH).
PBSMX is managed by PGIM. It was launched on Sep 1, 1989. VCSH is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. 1-5 Year Corporate Index. It was launched on Nov 19, 2009.
Performance
PBSMX vs. VCSH - Performance Comparison
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PBSMX vs. VCSH - 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% |
VCSH Vanguard Short-Term Corporate Bond ETF | 0.13% | 6.77% | 4.91% | 6.20% | -5.62% | -0.63% | 5.13% | 7.02% | 0.92% | 2.17% |
Returns By Period
In the year-to-date period, PBSMX achieves a -0.49% return, which is significantly lower than VCSH's 0.13% return. Over the past 10 years, PBSMX has underperformed VCSH with an annualized return of 2.23%, while VCSH has yielded a comparatively higher 2.72% 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%
VCSH
- 1D
- 0.29%
- 1M
- -0.83%
- YTD
- 0.13%
- 6M
- 1.37%
- 1Y
- 4.93%
- 3Y*
- 5.36%
- 5Y*
- 2.37%
- 10Y*
- 2.72%
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PBSMX vs. VCSH - Expense Ratio Comparison
PBSMX has a 0.71% expense ratio, which is higher than VCSH's 0.04% expense ratio.
Return for Risk
PBSMX vs. VCSH — Risk / Return Rank
PBSMX
VCSH
PBSMX vs. VCSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Short-Term Corporate Bond Fund (PBSMX) and Vanguard Short-Term Corporate Bond ETF (VCSH). 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 | VCSH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.92 | 2.17 | -0.25 |
Sortino ratioReturn per unit of downside risk | 3.03 | 3.19 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.45 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.76 | 3.52 | -0.76 |
Martin ratioReturn relative to average drawdown | 10.84 | 14.44 | -3.59 |
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 | VCSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 2.17 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.83 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.81 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.60 | 1.01 | +0.58 |
Correlation
The correlation between PBSMX and VCSH is 0.71, 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. VCSH - Dividend Comparison
PBSMX's dividend yield for the trailing twelve months is around 3.51%, less than VCSH's 4.41% 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% |
VCSH Vanguard Short-Term Corporate Bond ETF | 4.41% | 4.35% | 3.96% | 3.09% | 2.01% | 1.81% | 2.27% | 2.87% | 2.65% | 2.26% | 2.10% | 2.08% |
Drawdowns
PBSMX vs. VCSH - Drawdown Comparison
The maximum PBSMX drawdown since its inception was -10.70%, smaller than the maximum VCSH drawdown of -12.86%. Use the drawdown chart below to compare losses from any high point for PBSMX and VCSH.
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Drawdown Indicators
| PBSMX | VCSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.70% | -12.86% | +2.16% |
Max Drawdown (1Y)Largest decline over 1 year | -1.65% | -1.40% | -0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -10.70% | -9.48% | -1.22% |
Max Drawdown (10Y)Largest decline over 10 years | -10.70% | -12.86% | +2.16% |
Current DrawdownCurrent decline from peak | -1.47% | -0.83% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -0.88% | -0.97% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 0.34% | +0.08% |
Volatility
PBSMX vs. VCSH - Volatility Comparison
The current volatility for PGIM Short-Term Corporate Bond Fund (PBSMX) is 0.66%, while Vanguard Short-Term Corporate Bond ETF (VCSH) has a volatility of 0.94%. This indicates that PBSMX experiences smaller price fluctuations and is considered to be less risky than VCSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PBSMX | VCSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 0.94% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 1.32% | 1.29% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.29% | 2.28% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.86% | 2.86% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.62% | 3.35% | -0.73% |