PSDM vs. MANI

Last updated Aug 4, 2026

PSDM (PGIM Short Duration Multi-Sector Bond ETF) and MANI (Man Active Income ETF) are both Multisector Bonds funds. Both are actively managed. Their 0.43 correlation means their historical movements had little consistent relationship. PSDM charges 0.40%/yr vs 0.85%/yr for MANI.

Performance

PSDM vs. MANI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Short Duration Multi-Sector Bond ETF (PSDM) and Man Active Income ETF (MANI). 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 MANI's 5.12% 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%

MANI

• 1D: 0.17%
• 1M: 0.66%
• 6M: 3.87%
• YTD: 5.12%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
MANI Man Active Income ETF	$13.20K	$27.24K	$70.35K
PSDM PGIM Short Duration Multi-Sector Bond ETF	$2.09M	$1.46M	$1.32M

PSDM vs. MANI - Yearly Performance Comparison

	2026 (YTD)	2025
PSDM PGIM Short Duration Multi-Sector Bond ETF	1.61%	1.21%
MANI Man Active Income ETF	5.12%	2.30%

Correlation

The correlation between PSDM and MANI is 0.43, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 18, 2025	0.43

Return for Risk

PSDM vs. MANI — 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

MANI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. MANI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Short Duration Multi-Sector Bond ETF (PSDM) and Man Active Income ETF (MANI). 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	MANI	Difference
Sharpe ratio: Return per unit of total volatility	2.27	—	—
Sortino ratio: Return per unit of downside risk	3.53	—	—
Omega ratio: Gain probability vs. loss probability	1.47	—	—
Calmar ratio: Return relative to maximum drawdown	3.35	—	—
Martin ratio: Return relative to average drawdown	14.69	—	—

Drawdowns

PSDM vs. MANI - Drawdown Comparison

The maximum PSDM drawdown since its inception was -1.19%, which is greater than MANI's maximum drawdown of -0.74%. Use the drawdown chart below to compare losses from any high point for PSDM and MANI.

Drawdown Indicators

	PSDM	MANI	Difference
Max Drawdown Largest peak-to-trough decline	-1.19%	-0.74%	-0.45%
Max Drawdown (1Y) Largest decline over 1 year	-1.19%	—	—
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%	-0.10%	-0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.27%	—	—

Volatility

Volatility by Period

	PSDM	MANI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.67%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.49%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.75%	1.96%	-0.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.01%	1.96%	+0.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.01%	1.96%	+0.05%

PSDM vs. MANI - Expense Ratio Comparison

PSDM has a 0.40% expense ratio, which is lower than MANI's 0.85% expense ratio.

Dividends

PSDM vs. MANI - Dividend Comparison

PSDM's dividend yield for the trailing twelve months is around 4.81%, more than MANI's 4.64% yield.

Position	TTM	2025	2024	2023
MANI Man Active Income ETF	4.64%	3.00%	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 MANI in my portfolio?

PSDM and MANI have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PSDM or MANI?

On fees, PSDM is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PSDM or MANI?

PSDM is cheaper with a 0.40% expense ratio, compared with 0.85% for MANI.

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

PSDM has the higher dividend yield at 4.81%, compared with 4.64% for MANI.

What is the main difference between PSDM and MANI?

They also come from different issuers: PGIM and Man Group. Their fees differ too: 0.40% for PSDM and 0.85% for MANI.