PSDM vs. BRTR

Last updated Apr 2, 2026

Compare and contrast key facts about PGIM Short Duration Multi-Sector Bond ETF (PSDM) and Blackrock Total Return ETF (BRTR).

PSDM and BRTR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PSDM is an actively managed fund by PGIM. It was launched on Jul 19, 2023. BRTR is an actively managed fund by BlackRock. It was launched on Dec 12, 2023.

Performance

PSDM vs. BRTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Short Duration Multi-Sector Bond ETF (PSDM) and Blackrock Total Return ETF (BRTR). The values are adjusted to include any dividend payments, if applicable.

PSDM vs. BRTR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PSDM PGIM Short Duration Multi-Sector Bond ETF	0.57%	6.16%	5.48%	0.27%
BRTR Blackrock Total Return ETF	-0.32%	8.11%	1.29%	0.43%

Returns By Period

In the year-to-date period, PSDM achieves a 0.57% return, which is significantly higher than BRTR's -0.32% return.

PSDM

• 1D: 0.10%
• 1M: -0.11%
• YTD: 0.57%
• 6M: 1.70%
• 1Y: 5.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BRTR

• 1D: 0.11%
• 1M: -1.97%
• YTD: -0.32%
• 6M: 0.67%
• 1Y: 4.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PSDM vs. BRTR - Expense Ratio Comparison

PSDM has a 0.40% expense ratio, which is higher than BRTR's 0.38% expense ratio.

PSDM

PGIM Short Duration Multi-Sector Bond ETF

BRTR

Blackrock Total Return ETF

Return for Risk

PSDM vs. BRTR — Risk / Return Rank

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

PSDM

PSDM Risk / Return Rank: 96
PSDM Sharpe Ratio Rank: 96
PSDM Sortino Ratio Rank: 98
PSDM Omega Ratio Rank: 97
PSDM Calmar Ratio Rank: 95
PSDM Martin Ratio Rank: 95

BRTR

BRTR Risk / Return Rank: 52
BRTR Sharpe Ratio Rank: 58
BRTR Sortino Ratio Rank: 55
BRTR Omega Ratio Rank: 48
BRTR Calmar Ratio Rank: 53
BRTR Martin Ratio Rank: 49

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.

PSDM vs. BRTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Short Duration Multi-Sector Bond ETF (PSDM) and Blackrock Total Return ETF (BRTR). 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.

	PSDM	BRTR	Difference
Sharpe ratio Return per unit of total volatility	2.59	1.07	+1.52
Sortino ratio Return per unit of downside risk	4.15	1.49	+2.66
Omega ratio Gain probability vs. loss probability	1.55	1.19	+0.36
Calmar ratio Return relative to maximum drawdown	4.35	1.45	+2.90
Martin ratio Return relative to average drawdown	16.77	4.89	+11.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSDM vs. BRTR - Sharpe Ratio Comparison

The current PSDM Sharpe Ratio is 2.59, which is higher than the BRTR Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of PSDM and BRTR, 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

	PSDM	BRTR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.59	1.07	+1.52
Sharpe Ratio (All Time) Calculated using the full available price history	3.01	0.87	+2.14

Correlation

The correlation between PSDM and BRTR is 0.75, 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

PSDM vs. BRTR - Dividend Comparison

PSDM's dividend yield for the trailing twelve months is around 4.91%, more than BRTR's 4.84% yield.

	TTM	2025	2024	2023
PSDM PGIM Short Duration Multi-Sector Bond ETF	4.91%	4.57%	5.17%	2.91%
BRTR Blackrock Total Return ETF	4.84%	4.86%	5.58%	0.22%

Drawdowns

PSDM vs. BRTR - Drawdown Comparison

The maximum PSDM drawdown since its inception was -1.19%, smaller than the maximum BRTR drawdown of -5.07%. Use the drawdown chart below to compare losses from any high point for PSDM and BRTR.

Drawdown Indicators

	PSDM	BRTR	Difference
Max Drawdown Largest peak-to-trough decline	-1.19%	-5.07%	+3.88%
Max Drawdown (1Y) Largest decline over 1 year	-1.19%	-3.26%	+2.07%
Current Drawdown Current decline from peak	-0.35%	-2.39%	+2.04%
Average Drawdown Average peak-to-trough decline	-0.17%	-1.32%	+1.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.31%	0.97%	-0.66%

Volatility

PSDM vs. BRTR - Volatility Comparison

The current volatility for PGIM Short Duration Multi-Sector Bond ETF (PSDM) is 0.92%, while Blackrock Total Return ETF (BRTR) has a volatility of 1.75%. This indicates that PSDM experiences smaller price fluctuations and is considered to be less risky than BRTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSDM	BRTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.92%	1.75%	-0.83%
Volatility (6M) Calculated over the trailing 6-month period	1.17%	2.59%	-1.42%
Volatility (1Y) Calculated over the trailing 1-year period	1.96%	4.28%	-2.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.02%	4.75%	-2.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.02%	4.75%	-2.73%