PCI vs. PSDM

Last updated Jun 6, 2026

PCI (PGIM Corporate Bond 5-10 Year ETF) and PSDM (PGIM Short Duration Multi-Sector Bond ETF) are both exchange-traded funds - PCI is a Corporate Bonds fund actively managed by PGIM, while PSDM is a Multisector Bonds fund actively managed by PGIM. Both are actively managed. Their correlation of 0.81 suggests significant overlap in exposure. PCI charges 0.25%/yr vs 0.40%/yr for PSDM.

Performance

PCI vs. PSDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Corporate Bond 5-10 Year ETF (PCI) and PGIM Short Duration Multi-Sector Bond ETF (PSDM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PCI achieves a 0.25% return, which is significantly lower than PSDM's 1.08% return.

PCI

• 1D: -0.57%
• 1M: -0.79%
• YTD: 0.25%
• 6M: 0.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PSDM

• 1D: -0.21%
• 1M: -0.19%
• YTD: 1.08%
• 6M: 1.59%
• 1Y: 4.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PCI vs. PSDM - Yearly Performance Comparison

	2026 (YTD)	2025
PCI PGIM Corporate Bond 5-10 Year ETF	0.25%	2.96%
PSDM PGIM Short Duration Multi-Sector Bond ETF	1.08%	2.32%

Correlation

The correlation between PCI and PSDM is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 4, 2025	0.81

Return for Risk

PCI vs. PSDM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PSDM

PSDM Risk / Return Rank: 89
PSDM Sharpe Ratio Rank: 88
PSDM Sortino Ratio Rank: 94
PSDM Omega Ratio Rank: 93
PSDM Calmar Ratio Rank: 82
PSDM Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PCI vs. PSDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Corporate Bond 5-10 Year ETF (PCI) and PGIM Short Duration Multi-Sector Bond ETF (PSDM). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	PCI	PSDM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	2.93	-2.01

Drawdowns

PCI vs. PSDM - Drawdown Comparison

The maximum PCI drawdown since its inception was -3.04%, which is greater than PSDM's maximum drawdown of -1.19%. Use the drawdown chart below to compare losses from any high point for PCI and PSDM.

Drawdown Indicators

	PCI	PSDM	Difference
Max Drawdown Largest peak-to-trough decline	-3.04%	-1.19%	-1.85%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.19%	—
Current Drawdown Current decline from peak	-1.40%	-0.30%	-1.10%
Average Drawdown Average peak-to-trough decline	-0.58%	-0.17%	-0.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.26%	—

Volatility

Volatility by Period

	PCI	PSDM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.54%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.29%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.17%	1.76%	+2.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.17%	2.01%	+2.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.17%	2.01%	+2.16%

PCI vs. PSDM - Expense Ratio Comparison

PCI has a 0.25% expense ratio, which is lower than PSDM's 0.40% expense ratio.

Dividends

PCI vs. PSDM - Dividend Comparison

PCI's dividend yield for the trailing twelve months is around 4.60%, less than PSDM's 4.85% yield.

Position	TTM	2025	2024	2023
PCI PGIM Corporate Bond 5-10 Year ETF	4.60%	2.18%	0.00%	0.00%
PSDM PGIM Short Duration Multi-Sector Bond ETF	4.85%	4.57%	5.17%	2.91%

Frequently Asked Questions

Can I hold both PCI and PSDM in my portfolio?

PCI and PSDM have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PCI or PSDM?

On fees, PCI is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PCI or PSDM?

PCI is cheaper with a 0.25% expense ratio, compared with 0.40% for PSDM.

Which ETF pays a higher dividend yield, PCI or PSDM?

PSDM has the higher dividend yield at 4.85%, compared with 4.60% for PCI.

What is the main difference between PCI and PSDM?

PCI is categorized as Corporate Bonds, while PSDM is Multisector Bonds. Their fees differ too: 0.25% for PCI and 0.40% for PSDM.