PIFZX vs. PBSMX
Compare and contrast key facts about PGIM Short-Term Corporate Bond Fund Class Z (PIFZX) and PGIM Short-Term Corporate Bond Fund (PBSMX).
PIFZX is an actively managed fund by PGIM. It was launched on Dec 16, 1996. PBSMX is managed by PGIM. It was launched on Sep 1, 1989.
Performance
PIFZX vs. PBSMX - Performance Comparison
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PIFZX vs. PBSMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIFZX PGIM Short-Term Corporate Bond Fund Class Z | -0.35% | 6.66% | 4.47% | 6.20% | -6.85% | -0.60% | 5.44% | 6.76% | 0.62% | 2.23% |
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% |
Returns By Period
In the year-to-date period, PIFZX achieves a -0.35% return, which is significantly higher than PBSMX's -0.49% return. Over the past 10 years, PIFZX has outperformed PBSMX with an annualized return of 2.49%, while PBSMX has yielded a comparatively lower 2.23% annualized return.
PIFZX
- 1D
- 0.19%
- 1M
- -1.47%
- YTD
- -0.35%
- 6M
- 0.85%
- 1Y
- 4.27%
- 3Y*
- 4.88%
- 5Y*
- 1.93%
- 10Y*
- 2.49%
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%
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PIFZX vs. PBSMX - Expense Ratio Comparison
PIFZX has a 0.47% expense ratio, which is lower than PBSMX's 0.71% expense ratio.
Return for Risk
PIFZX vs. PBSMX — Risk / Return Rank
PIFZX
PBSMX
PIFZX vs. PBSMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Short-Term Corporate Bond Fund Class Z (PIFZX) 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.
| PIFZX | PBSMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.91 | 1.92 | -0.01 |
Sortino ratioReturn per unit of downside risk | 3.01 | 3.03 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.42 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 2.77 | 2.76 | +0.01 |
Martin ratioReturn relative to average drawdown | 11.07 | 10.84 | +0.23 |
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
| PIFZX | PBSMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.91 | 1.92 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.60 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | 0.86 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.43 | 1.60 | -0.17 |
Correlation
The correlation between PIFZX and PBSMX is 0.89, 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
PIFZX vs. PBSMX - Dividend Comparison
PIFZX's dividend yield for the trailing twelve months is around 3.73%, more than PBSMX's 3.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIFZX PGIM Short-Term Corporate Bond Fund Class Z | 3.73% | 3.99% | 3.22% | 2.85% | 2.24% | 1.99% | 2.49% | 2.85% | 2.83% | 2.77% | 2.65% | 2.82% |
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% |
Drawdowns
PIFZX vs. PBSMX - Drawdown Comparison
The maximum PIFZX drawdown since its inception was -10.46%, roughly equal to the maximum PBSMX drawdown of -10.70%. Use the drawdown chart below to compare losses from any high point for PIFZX and PBSMX.
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Drawdown Indicators
| PIFZX | PBSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.46% | -10.70% | +0.24% |
Max Drawdown (1Y)Largest decline over 1 year | -1.74% | -1.65% | -0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -10.46% | -10.70% | +0.24% |
Max Drawdown (10Y)Largest decline over 10 years | -10.46% | -10.70% | +0.24% |
Current DrawdownCurrent decline from peak | -1.47% | -1.47% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.91% | -0.88% | -0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 0.42% | +0.01% |
Volatility
PIFZX vs. PBSMX - Volatility Comparison
PGIM Short-Term Corporate Bond Fund Class Z (PIFZX) has a higher volatility of 0.79% compared to PGIM Short-Term Corporate Bond Fund (PBSMX) at 0.66%. This indicates that PIFZX'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.
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Volatility by Period
| PIFZX | PBSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 0.66% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 1.49% | 1.32% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.43% | 2.29% | +0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.90% | 2.86% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.66% | 2.62% | +0.04% |