PQCMX vs. SDMZX

Last updated Jun 4, 2026

PQCMX (PGIM Quant Solutions Commodity Strategies Fund) and SDMZX (PGIM Short Duration Multi-Sector Bond Fund) are both mutual funds - PQCMX is a Commodities fund managed by PGIM, while SDMZX is a Short-Term Bond fund managed by PGIM. Over the past 5 years, PQCMX returned 12.41%/yr vs 2.83%/yr for SDMZX. At a correlation of -0.00, they often move in opposite directions. PQCMX charges 0.62%/yr vs 0.46%/yr for SDMZX.

Performance

PQCMX vs. SDMZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Quant Solutions Commodity Strategies Fund (PQCMX) and PGIM Short Duration Multi-Sector Bond Fund (SDMZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PQCMX achieves a 31.70% return, which is significantly higher than SDMZX's 1.15% return.

PQCMX

• 1D: 0.44%
• 1M: -3.48%
• YTD: 31.70%
• 6M: 30.81%
• 1Y: 43.75%
• 3Y*: 17.24%
• 5Y*: 12.41%
• 10Y*: —

SDMZX

• 1D: 0.00%
• 1M: 0.40%
• YTD: 1.15%
• 6M: 1.56%
• 1Y: 5.15%
• 3Y*: 5.84%
• 5Y*: 2.83%
• 10Y*: 3.15%

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

PQCMX vs. SDMZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PQCMX PGIM Quant Solutions Commodity Strategies Fund	31.70%	13.62%	5.09%	-8.67%	19.10%	27.81%	-1.13%	8.78%	-12.07%	2.96%
SDMZX PGIM Short Duration Multi-Sector Bond Fund	1.15%	6.18%	5.64%	6.25%	-4.82%	-0.19%	3.97%	7.92%	0.95%	3.96%

Correlation

The correlation between PQCMX and SDMZX is -0.23, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.23
Correlation (3Y) Calculated over the trailing 3-year period	-0.10
Correlation (5Y) Calculated over the trailing 5-year period	-0.03
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	-0.00

Over the past year, the inverse relationship between PQCMX and SDMZX has strengthened: their correlation has moved from -0.00 to -0.23, meaning they now move in opposite directions more often than their long-term average.

Return for Risk

PQCMX vs. SDMZX — Risk / Return Rank

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

PQCMX

PQCMX Risk / Return Rank: 77
PQCMX Sharpe Ratio Rank: 79
PQCMX Sortino Ratio Rank: 59
PQCMX Omega Ratio Rank: 69
PQCMX Calmar Ratio Rank: 96
PQCMX Martin Ratio Rank: 84

SDMZX

SDMZX Risk / Return Rank: 64
SDMZX Sharpe Ratio Rank: 34
SDMZX Sortino Ratio Rank: 45
SDMZX Omega Ratio Rank: 82
SDMZX Calmar Ratio Rank: 79
SDMZX Martin Ratio Rank: 80

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.

PQCMX vs. SDMZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Quant Solutions Commodity Strategies Fund (PQCMX) and PGIM Short Duration Multi-Sector Bond Fund (SDMZX). 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.

	PQCMX	SDMZX	Difference
Sharpe ratio Return per unit of total volatility	2.59	1.66	+0.93
Sortino ratio Return per unit of downside risk	3.22	2.81	+0.41
Omega ratio Gain probability vs. loss probability	1.46	1.54	-0.08
Calmar ratio Return relative to maximum drawdown	6.09	3.58	+2.51
Martin ratio Return relative to average drawdown	15.82	14.98	+0.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PQCMX vs. SDMZX - Sharpe Ratio Comparison

The current PQCMX Sharpe Ratio is 2.59, which is higher than the SDMZX Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of PQCMX and SDMZX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PQCMX	SDMZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.59	1.66	+0.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	1.11	-0.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.23	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	1.20	-0.65

Drawdowns

PQCMX vs. SDMZX - Drawdown Comparison

The maximum PQCMX drawdown since its inception was -33.00%, which is greater than SDMZX's maximum drawdown of -9.76%. Use the drawdown chart below to compare losses from any high point for PQCMX and SDMZX.

Drawdown Indicators

	PQCMX	SDMZX	Difference
Max Drawdown Largest peak-to-trough decline	-33.00%	-9.76%	-23.24%
Max Drawdown (1Y) Largest decline over 1 year	-7.29%	-1.44%	-5.85%
Max Drawdown (3Y) Largest decline over 3 years	-12.19%	-1.44%	-10.75%
Max Drawdown (5Y) Largest decline over 5 years	-26.78%	-8.51%	-18.27%
Max Drawdown (10Y) Largest decline over 10 years	—	-9.76%	—
Current Drawdown Current decline from peak	-4.09%	-1.44%	-2.65%
Average Drawdown Average peak-to-trough decline	-11.82%	-0.99%	-10.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.80%	0.34%	+2.46%

Volatility

PQCMX vs. SDMZX - Volatility Comparison

PGIM Quant Solutions Commodity Strategies Fund (PQCMX) has a higher volatility of 6.06% compared to PGIM Short Duration Multi-Sector Bond Fund (SDMZX) at 2.46%. This indicates that PQCMX's price experiences larger fluctuations and is considered to be riskier than SDMZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PQCMX	SDMZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.06%	2.46%	+3.60%
Volatility (6M) Calculated over the trailing 6-month period	15.15%	2.79%	+12.36%
Volatility (1Y) Calculated over the trailing 1-year period	17.26%	3.12%	+14.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.08%	2.55%	+14.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.18%	2.58%	+12.60%

PQCMX vs. SDMZX - Expense Ratio Comparison

PQCMX has a 0.62% expense ratio, which is higher than SDMZX's 0.46% expense ratio.

Dividends

PQCMX vs. SDMZX - Dividend Comparison

PQCMX's dividend yield for the trailing twelve months is around 6.14%, more than SDMZX's 4.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PQCMX PGIM Quant Solutions Commodity Strategies Fund	6.14%	8.09%	4.14%	3.93%	31.36%	47.61%	0.00%	1.02%	3.02%	1.42%	0.00%	0.00%
SDMZX PGIM Short Duration Multi-Sector Bond Fund	4.69%	4.62%	4.57%	3.36%	4.70%	2.76%	3.10%	6.18%	3.47%	2.64%	2.76%	3.34%

Frequently Asked Questions

Can I hold both PQCMX and SDMZX in my portfolio?

PQCMX and SDMZX have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PQCMX or SDMZX?

PQCMX has higher volatility (6.06%) compared to SDMZX (2.46%). In terms of maximum drawdown, PQCMX dropped -33.00% vs SDMZX's -9.76%.

Which has better risk-adjusted returns?

PQCMX currently has the higher Sharpe Ratio (2.59 vs 1.66), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.