PSDM vs. JPIE

Last updated Jun 6, 2026

PSDM (PGIM Short Duration Multi-Sector Bond ETF) and JPIE (JPMorgan Income ETF) are both Multisector Bonds funds. Both are actively managed. Over the past year, PSDM returned 5.07% vs 5.90% for JPIE. A 0.68 correlation means they provide meaningful diversification when combined. Both charge a 0.40% expense ratio.

Performance

PSDM vs. JPIE - Performance Comparison

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

Returns By Period

In the year-to-date period, PSDM achieves a 1.08% return, which is significantly lower than JPIE's 1.32% return.

PSDM

• 1D: -0.21%
• 1M: -0.11%
• YTD: 1.08%
• 6M: 1.59%
• 1Y: 5.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JPIE

• 1D: -0.20%
• 1M: 0.06%
• YTD: 1.32%
• 6M: 1.83%
• 1Y: 5.90%
• 3Y*: 6.47%
• 5Y*: —
• 10Y*: —

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

PSDM vs. JPIE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PSDM PGIM Short Duration Multi-Sector Bond ETF	1.08%	6.16%	5.48%	3.96%
JPIE JPMorgan Income ETF	1.32%	7.39%	6.32%	3.75%

Correlation

The correlation between PSDM and JPIE is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (All Time) Calculated using the full available price history since Jul 27, 2023	0.68

The correlation between PSDM and JPIE has been stable across timeframes, ranging from 0.68 to 0.76 - a consistent structural relationship.

Return for Risk

PSDM vs. JPIE — Risk / Return Rank

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

PSDM

PSDM Risk / Return Rank: 89
PSDM Sharpe Ratio Rank: 88
PSDM Sortino Ratio Rank: 94
PSDM Omega Ratio Rank: 93
PSDM Calmar Ratio Rank: 82
PSDM Martin Ratio Rank: 88

JPIE

JPIE Risk / Return Rank: 94
JPIE Sharpe Ratio Rank: 94
JPIE Sortino Ratio Rank: 96
JPIE Omega Ratio Rank: 96
JPIE Calmar Ratio Rank: 88
JPIE Martin Ratio Rank: 93

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. JPIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Short Duration Multi-Sector Bond ETF (PSDM) and JPMorgan Income ETF (JPIE). 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	JPIE	Difference
Sharpe ratio: Return per unit of total volatility	2.82	3.58	-0.76
Sortino ratio: Return per unit of downside risk	4.76	5.58	-0.82
Omega ratio: Gain probability vs. loss probability	1.61	1.80	-0.19
Calmar ratio: Return relative to maximum drawdown	4.16	4.99	-0.83
Martin ratio: Return relative to average drawdown	18.82	24.77	-5.95
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. JPIE - Sharpe Ratio Comparison

The current PSDM Sharpe Ratio is 2.82, which is comparable to the JPIE Sharpe Ratio of 3.58. The chart below compares the historical Sharpe Ratios of PSDM and JPIE, 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

	PSDM	JPIE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.82	3.58	-0.76
Sharpe Ratio (All Time) Calculated using the full available price history	2.93	0.97	+1.96

Drawdowns

PSDM vs. JPIE - Drawdown Comparison

The maximum PSDM drawdown since its inception was -1.19%, smaller than the maximum JPIE drawdown of -9.96%. Use the drawdown chart below to compare losses from any high point for PSDM and JPIE.

Drawdown Indicators

	PSDM	JPIE	Difference
Max Drawdown Largest peak-to-trough decline	-1.19%	-9.96%	+8.77%
Max Drawdown (1Y) Largest decline over 1 year	-1.19%	-1.15%	-0.04%
Max Drawdown (3Y) Largest decline over 3 years	—	-2.40%	—
Current Drawdown Current decline from peak	-0.30%	-0.24%	-0.06%
Average Drawdown Average peak-to-trough decline	-0.17%	-2.09%	+1.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.26%	0.23%	+0.03%

Volatility

PSDM vs. JPIE - Volatility Comparison

The current volatility for PGIM Short Duration Multi-Sector Bond ETF (PSDM) is 0.54%, while JPMorgan Income ETF (JPIE) has a volatility of 0.61%. This indicates that PSDM experiences smaller price fluctuations and is considered to be less risky than JPIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSDM	JPIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.54%	0.61%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	1.29%	1.29%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	1.76%	1.60%	+0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.01%	3.52%	-1.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.01%	3.52%	-1.51%

PSDM vs. JPIE - Expense Ratio Comparison

Both PSDM and JPIE have an expense ratio of 0.40%.

Dividends

PSDM vs. JPIE - Dividend Comparison

PSDM's dividend yield for the trailing twelve months is around 4.85%, less than JPIE's 5.63% yield.

Position	TTM	2025	2024	2023	2022	2021
JPIE JPMorgan Income ETF	5.63%	5.65%	6.11%	5.70%	4.49%	0.63%
PSDM PGIM Short Duration Multi-Sector Bond ETF	4.85%	4.57%	5.17%	2.91%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PSDM and JPIE in my portfolio?

PSDM and JPIE have a correlation of 0.76, 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 JPIE?

JPIE has higher volatility (0.61%) compared to PSDM (0.54%). In terms of maximum drawdown, PSDM dropped -1.19% vs JPIE's -9.96%.

Which ETF is better, PSDM or JPIE?

On 1-year performance, JPIE leads with 5.90% vs 5.07% for PSDM. Both ETFs have the same 0.40% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSDM or JPIE?

Over the 1-year period, JPIE has performed better with a 5.90% return vs 5.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSDM or JPIE?

PSDM and JPIE have the same expense ratio: 0.40% per year.

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

JPIE has the higher dividend yield at 5.63%, compared with 4.85% for PSDM.

What is the main difference between PSDM and JPIE?

They also come from different issuers: PGIM and JPMorgan.

Which has better risk-adjusted returns?

JPIE currently has the higher Sharpe Ratio (3.58 vs 2.82), 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.