PSDM vs. NEAR
Compare and contrast key facts about PGIM Short Duration Multi-Sector Bond ETF (PSDM) and iShares Short Duration Bond Active ETF (NEAR).
PSDM and NEAR 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. NEAR is an actively managed fund by iShares. It was launched on Sep 25, 2013.
Performance
PSDM vs. NEAR - Performance Comparison
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PSDM vs. NEAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PSDM PGIM Short Duration Multi-Sector Bond ETF | 0.48% | 6.16% | 5.48% | 3.96% |
NEAR iShares Short Duration Bond Active ETF | 0.16% | 5.90% | 5.09% | 4.28% |
Returns By Period
In the year-to-date period, PSDM achieves a 0.48% return, which is significantly higher than NEAR's 0.16% return.
PSDM
- 1D
- 0.59%
- 1M
- -0.45%
- YTD
- 0.48%
- 6M
- 1.75%
- 1Y
- 5.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NEAR
- 1D
- 0.19%
- 1M
- -0.66%
- YTD
- 0.16%
- 6M
- 1.39%
- 1Y
- 4.52%
- 3Y*
- 5.75%
- 5Y*
- 3.77%
- 10Y*
- 2.83%
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PSDM vs. NEAR - Expense Ratio Comparison
PSDM has a 0.40% expense ratio, which is higher than NEAR's 0.25% expense ratio.
Return for Risk
PSDM vs. NEAR — Risk / Return Rank
PSDM
NEAR
PSDM vs. NEAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Short Duration Multi-Sector Bond ETF (PSDM) and iShares Short Duration Bond Active ETF (NEAR). 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 | NEAR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.60 | 2.41 | +0.19 |
Sortino ratioReturn per unit of downside risk | 4.17 | 3.59 | +0.58 |
Omega ratioGain probability vs. loss probability | 1.55 | 1.56 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 4.19 | 3.92 | +0.27 |
Martin ratioReturn relative to average drawdown | 16.21 | 15.25 | +0.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PSDM | NEAR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.60 | 2.41 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 2.88 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.14 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.99 | 1.08 | +1.92 |
Correlation
The correlation between PSDM and NEAR is 0.78, 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. NEAR - Dividend Comparison
PSDM's dividend yield for the trailing twelve months is around 5.32%, more than NEAR's 4.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSDM PGIM Short Duration Multi-Sector Bond ETF | 5.32% | 4.57% | 5.17% | 2.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NEAR iShares Short Duration Bond Active ETF | 4.51% | 4.54% | 5.00% | 4.59% | 1.78% | 0.76% | 1.53% | 2.69% | 2.25% | 1.52% | 1.07% | 0.85% |
Drawdowns
PSDM vs. NEAR - Drawdown Comparison
The maximum PSDM drawdown since its inception was -1.19%, smaller than the maximum NEAR drawdown of -9.61%. Use the drawdown chart below to compare losses from any high point for PSDM and NEAR.
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Drawdown Indicators
| PSDM | NEAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.19% | -9.61% | +8.42% |
Max Drawdown (1Y)Largest decline over 1 year | -1.19% | -1.16% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | — | -1.32% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.61% | — |
Current DrawdownCurrent decline from peak | -0.45% | -0.66% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -0.17% | -0.16% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.31% | 0.30% | +0.01% |
Volatility
PSDM vs. NEAR - Volatility Comparison
PGIM Short Duration Multi-Sector Bond ETF (PSDM) has a higher volatility of 0.91% compared to iShares Short Duration Bond Active ETF (NEAR) at 0.62%. This indicates that PSDM's price experiences larger fluctuations and is considered to be riskier than NEAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSDM | NEAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 0.62% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 1.18% | 0.93% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.96% | 1.88% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.02% | 1.32% | +0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.02% | 2.49% | -0.47% |