PSDM vs. ABI

Last updated Aug 4, 2026

PSDM (PGIM Short Duration Multi-Sector Bond ETF) and ABI (VictoryShares Pioneer Asset-Based Income ETF) are both Multisector Bonds funds. Both are actively managed. Over the past year, PSDM returned 3.97% vs 4.88% for ABI. Their 0.54 correlation means they have sometimes moved together and sometimes differently. PSDM charges 0.40%/yr vs 0.65%/yr for ABI.

Performance

PSDM vs. ABI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Short Duration Multi-Sector Bond ETF (PSDM) and VictoryShares Pioneer Asset-Based Income ETF (ABI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSDM achieves a 1.61% return, which is significantly lower than ABI's 3.43% return.

PSDM

• 1D: 0.13%
• 1M: 0.07%
• 6M: 1.26%
• YTD: 1.61%
• 1Y: 3.97%
• 3Y*: 5.70%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.71%

ABI

• 1D: 0.02%
• 1M: 0.34%
• 6M: 2.37%
• YTD: 3.43%
• 1Y: 4.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.02%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ABI VictoryShares Pioneer Asset-Based Income ETF	$1.68K	$2.83K	$3.56K
PSDM PGIM Short Duration Multi-Sector Bond ETF	$2.09M	$1.46M	$1.32M

PSDM vs. ABI - Yearly Performance Comparison

	2026 (YTD)	2025
PSDM PGIM Short Duration Multi-Sector Bond ETF	1.61%	3.16%
ABI VictoryShares Pioneer Asset-Based Income ETF	3.43%	2.05%

Correlation

The correlation between PSDM and ABI is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.53
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.54

The correlation between PSDM and ABI has been stable across timeframes, ranging from 0.53 to 0.54 - a consistent structural relationship.

Return for Risk

PSDM vs. ABI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PSDM

PSDM Risk / Return Rank: 90
PSDM Sharpe Ratio Rank: 89
PSDM Sortino Ratio Rank: 92
PSDM Omega Ratio Rank: 92
PSDM Calmar Ratio Rank: 85
PSDM Martin Ratio Rank: 90

ABI

ABI Risk / Return Rank: 96
ABI Sharpe Ratio Rank: 98
ABI Sortino Ratio Rank: 98
ABI Omega Ratio Rank: 98
ABI Calmar Ratio Rank: 94
ABI Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PSDM vs. ABI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Short Duration Multi-Sector Bond ETF (PSDM) and VictoryShares Pioneer Asset-Based Income ETF (ABI). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PSDM	ABI	Difference
Sharpe ratio: Return per unit of total volatility	2.27	4.02	-1.75
Sortino ratio: Return per unit of downside risk	3.53	5.91	-2.38
Omega ratio: Gain probability vs. loss probability	1.47	1.96	-0.49
Calmar ratio: Return relative to maximum drawdown	3.35	5.15	-1.80
Martin ratio: Return relative to average drawdown	14.69	15.63	-0.94

PSDM vs. ABI - Sharpe Ratio Comparison

The current PSDM Sharpe Ratio is 2.27, which is lower than the ABI Sharpe Ratio of 4.02. The chart below compares the historical Sharpe Ratios of PSDM and ABI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PSDM vs. ABI - Drawdown Comparison

The maximum PSDM drawdown since its inception was -1.19%, which is greater than ABI's maximum drawdown of -0.95%. Use the drawdown chart below to compare losses from any high point for PSDM and ABI.

Drawdown Indicators

	PSDM	ABI	Difference
Max Drawdown Largest peak-to-trough decline	-1.19%	-0.95%	-0.24%
Max Drawdown (1Y) Largest decline over 1 year	-1.19%	-0.95%	-0.24%
Max Drawdown (3Y) Largest decline over 3 years	-1.19%	—	—
Current Drawdown Current decline from peak	-0.05%	0.00%	-0.05%
Average Drawdown Average peak-to-trough decline	-0.17%	-0.16%	-0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.27%	0.31%	-0.04%

Volatility

PSDM vs. ABI - Volatility Comparison

PGIM Short Duration Multi-Sector Bond ETF (PSDM) has a higher volatility of 0.67% compared to VictoryShares Pioneer Asset-Based Income ETF (ABI) at 0.25%. This indicates that PSDM's price experiences larger fluctuations and is considered to be riskier than ABI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSDM	ABI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.67%	0.25%	+0.42%
Volatility (6M) Calculated over the trailing 6-month period	1.49%	0.82%	+0.67%
Volatility (1Y) Calculated over the trailing 1-year period	1.75%	1.22%	+0.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.01%	1.24%	+0.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.01%	1.24%	+0.77%

PSDM vs. ABI - Expense Ratio Comparison

PSDM has a 0.40% expense ratio, which is lower than ABI's 0.65% expense ratio.

Dividends

PSDM vs. ABI - Dividend Comparison

PSDM's dividend yield for the trailing twelve months is around 4.81%, less than ABI's 6.19% yield.

Position	TTM	2025	2024	2023
ABI VictoryShares Pioneer Asset-Based Income ETF	6.19%	3.01%	0.00%	0.00%
PSDM PGIM Short Duration Multi-Sector Bond ETF	4.81%	4.57%	5.17%	2.91%

Frequently Asked Questions

Can I hold both PSDM and ABI in my portfolio?

PSDM and ABI have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSDM or ABI?

PSDM has higher volatility (0.67%) compared to ABI (0.25%). In terms of maximum drawdown, PSDM dropped -1.19% vs ABI's -0.95%.

Which ETF is better, PSDM or ABI?

On 1-year performance, ABI leads with 4.88% vs 3.97% for PSDM. On fees, PSDM is cheaper at 0.40% per year. On volatility, ABI has been the lower-risk option at 0.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSDM or ABI?

Over the 1-year period, ABI has performed better with a 4.88% return vs 3.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSDM or ABI?

PSDM is cheaper with a 0.40% expense ratio, compared with 0.65% for ABI.

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

ABI has the higher dividend yield at 6.19%, compared with 4.81% for PSDM.

What is the main difference between PSDM and ABI?

They also come from different issuers: PGIM and VictoryShares. Their fees differ too: 0.40% for PSDM and 0.65% for ABI.

Which has better risk-adjusted returns?

ABI currently has the higher Sharpe Ratio (4.02 vs 2.27), 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.