PDGJX vs. PBSMX

Last updated Apr 2, 2026

Compare and contrast key facts about Prudential Day One 2035 Fund (PDGJX) and PGIM Short-Term Corporate Bond Fund (PBSMX).

PDGJX is managed by PGIM. It was launched on Dec 12, 2016. PBSMX is managed by PGIM. It was launched on Sep 1, 1989.

Performance

PDGJX vs. PBSMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Prudential Day One 2035 Fund (PDGJX) and PGIM Short-Term Corporate Bond Fund (PBSMX). The values are adjusted to include any dividend payments, if applicable.

PDGJX vs. PBSMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PDGJX Prudential Day One 2035 Fund	-0.16%	14.63%	22.14%	14.74%	-14.08%	17.09%	11.06%	21.89%	-6.78%	17.12%
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%

Returns By Period

In the year-to-date period, PDGJX achieves a -0.16% return, which is significantly higher than PBSMX's -0.30% return.

PDGJX

• 1D: 1.91%
• 1M: -3.91%
• YTD: -0.16%
• 6M: 1.64%
• 1Y: 13.53%
• 3Y*: 15.26%
• 5Y*: 8.85%
• 10Y*: —

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%

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

PDGJX vs. PBSMX - Expense Ratio Comparison

PDGJX has a 0.02% expense ratio, which is lower than PBSMX's 0.71% expense ratio.

PBSMX

PGIM Short-Term Corporate Bond Fund

PDGJX

Prudential Day One 2035 Fund

Return for Risk

PDGJX vs. PBSMX — Risk / Return Rank

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

PDGJX

PDGJX Risk / Return Rank: 68
PDGJX Sharpe Ratio Rank: 65
PDGJX Sortino Ratio Rank: 67
PDGJX Omega Ratio Rank: 67
PDGJX Calmar Ratio Rank: 63
PDGJX Martin Ratio Rank: 75

PBSMX

PBSMX Risk / Return Rank: 90
PBSMX Sharpe Ratio Rank: 89
PBSMX Sortino Ratio Rank: 93
PBSMX Omega Ratio Rank: 89
PBSMX Calmar Ratio Rank: 91
PBSMX Martin Ratio Rank: 90

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.

PDGJX vs. PBSMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Prudential Day One 2035 Fund (PDGJX) and PGIM Short-Term Corporate Bond Fund (PBSMX). 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.

	PDGJX	PBSMX	Difference
Sharpe ratio Return per unit of total volatility	1.30	1.84	-0.55
Sortino ratio Return per unit of downside risk	1.87	2.88	-1.01
Omega ratio Gain probability vs. loss probability	1.28	1.40	-0.11
Calmar ratio Return relative to maximum drawdown	1.73	2.76	-1.03
Martin ratio Return relative to average drawdown	8.29	10.65	-2.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PDGJX vs. PBSMX - Sharpe Ratio Comparison

The current PDGJX Sharpe Ratio is 1.30, which is comparable to the PBSMX Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of PDGJX and PBSMX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PDGJX	PBSMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.30	1.84	-0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	0.61	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.86	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	1.60	-0.81

Correlation

The correlation between PDGJX and PBSMX is 0.17, 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.

Dividends

PDGJX vs. PBSMX - Dividend Comparison

PDGJX's dividend yield for the trailing twelve months is around 4.32%, more than PBSMX's 3.50% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PDGJX Prudential Day One 2035 Fund	4.32%	4.31%	22.20%	4.16%	8.27%	13.30%	2.34%	5.23%	5.69%	2.04%	0.00%	0.00%
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%

Drawdowns

PDGJX vs. PBSMX - Drawdown Comparison

The maximum PDGJX drawdown since its inception was -28.04%, which is greater than PBSMX's maximum drawdown of -10.70%. Use the drawdown chart below to compare losses from any high point for PDGJX and PBSMX.

Drawdown Indicators

	PDGJX	PBSMX	Difference
Max Drawdown Largest peak-to-trough decline	-28.04%	-10.70%	-17.34%
Max Drawdown (1Y) Largest decline over 1 year	-8.11%	-1.65%	-6.46%
Max Drawdown (5Y) Largest decline over 5 years	-20.17%	-10.70%	-9.47%
Max Drawdown (10Y) Largest decline over 10 years	—	-10.70%	—
Current Drawdown Current decline from peak	-4.43%	-1.29%	-3.14%
Average Drawdown Average peak-to-trough decline	-3.75%	-0.88%	-2.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.69%	0.43%	+1.26%

Volatility

PDGJX vs. PBSMX - Volatility Comparison

Prudential Day One 2035 Fund (PDGJX) has a higher volatility of 3.98% compared to PGIM Short-Term Corporate Bond Fund (PBSMX) at 0.67%. This indicates that PDGJX's price experiences larger fluctuations and is considered to be riskier than PBSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PDGJX	PBSMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	0.67%	+3.31%
Volatility (6M) Calculated over the trailing 6-month period	6.11%	1.33%	+4.78%
Volatility (1Y) Calculated over the trailing 1-year period	10.72%	2.29%	+8.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.79%	2.86%	+8.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.53%	2.62%	+9.91%