PRNMX vs. PBSMX
Compare and contrast key facts about PGIM National Muni Fund (PRNMX) and PGIM Short-Term Corporate Bond Fund (PBSMX).
PRNMX is managed by PGIM. It was launched on Jan 21, 1990. PBSMX is managed by PGIM. It was launched on Sep 1, 1989.
Performance
PRNMX vs. PBSMX - Performance Comparison
Loading graphics...
PRNMX vs. PBSMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRNMX PGIM National Muni Fund | -0.40% | 5.76% | 1.77% | 5.10% | -8.55% | 0.97% | 4.08% | 7.13% | 0.55% | 4.66% |
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, PRNMX achieves a -0.40% return, which is significantly lower than PBSMX's -0.30% return. Over the past 10 years, PRNMX has underperformed PBSMX with an annualized return of 1.90%, while PBSMX has yielded a comparatively higher 2.25% annualized return.
PRNMX
- 1D
- 0.14%
- 1M
- -2.24%
- YTD
- -0.40%
- 6M
- 1.00%
- 1Y
- 4.04%
- 3Y*
- 3.36%
- 5Y*
- 0.86%
- 10Y*
- 1.90%
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%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PRNMX vs. PBSMX - Expense Ratio Comparison
PRNMX has a 0.61% expense ratio, which is lower than PBSMX's 0.71% expense ratio.
Return for Risk
PRNMX vs. PBSMX — Risk / Return Rank
PRNMX
PBSMX
PRNMX vs. PBSMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM National Muni Fund (PRNMX) 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.
| PRNMX | PBSMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.05 | 1.84 | -0.79 |
Sortino ratioReturn per unit of downside risk | 1.41 | 2.88 | -1.47 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.40 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.36 | 2.76 | -1.40 |
Martin ratioReturn relative to average drawdown | 5.40 | 10.65 | -5.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PRNMX | PBSMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | 1.84 | -0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.61 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.86 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.22 | 1.60 | -0.38 |
Correlation
The correlation between PRNMX and PBSMX is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
PRNMX vs. PBSMX - Dividend Comparison
PRNMX's dividend yield for the trailing twelve months is around 3.23%, less than PBSMX's 3.50% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRNMX PGIM National Muni Fund | 3.23% | 4.17% | 2.98% | 1.97% | 1.71% | 1.69% | 2.50% | 2.80% | 3.35% | 3.39% | 3.61% | 3.31% |
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
PRNMX vs. PBSMX - Drawdown Comparison
The maximum PRNMX drawdown since its inception was -12.72%, which is greater than PBSMX's maximum drawdown of -10.70%. Use the drawdown chart below to compare losses from any high point for PRNMX and PBSMX.
Loading graphics...
Drawdown Indicators
| PRNMX | PBSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.72% | -10.70% | -2.02% |
Max Drawdown (1Y)Largest decline over 1 year | -3.72% | -1.65% | -2.07% |
Max Drawdown (5Y)Largest decline over 5 years | -12.61% | -10.70% | -1.91% |
Max Drawdown (10Y)Largest decline over 10 years | -12.72% | -10.70% | -2.02% |
Current DrawdownCurrent decline from peak | -2.45% | -1.29% | -1.16% |
Average DrawdownAverage peak-to-trough decline | -1.97% | -0.88% | -1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.43% | +0.50% |
Volatility
PRNMX vs. PBSMX - Volatility Comparison
PGIM National Muni Fund (PRNMX) has a higher volatility of 0.84% compared to PGIM Short-Term Corporate Bond Fund (PBSMX) at 0.67%. This indicates that PRNMX'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.
Loading graphics...
Volatility by Period
| PRNMX | PBSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 0.67% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 1.39% | 1.33% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.15% | 2.29% | +1.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.98% | 2.86% | +0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.54% | 2.62% | +0.92% |