PSDM vs. RISR
PSDM (PGIM Short Duration Multi-Sector Bond ETF) and RISR (FolioBeyond Alternative Income and Interest Rate Hedge ETF) are both exchange-traded funds - PSDM is a Multisector Bonds fund actively managed by PGIM, while RISR is a Nontraditional Bonds fund actively managed by FolioBeyond. Both are actively managed. Over the past 3 years, PSDM returned 5.70%/yr vs 10.07%/yr for RISR. Their -0.41 correlation means they have often moved in opposite directions in the past. PSDM charges 0.40%/yr vs 1.13%/yr for RISR.
Performance
PSDM vs. RISR - Performance Comparison
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Returns By Period
In the year-to-date period, PSDM achieves a 1.61% return, which is significantly lower than RISR's 4.75% 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%
RISR
- 1D
- -0.15%
- 1M
- 1.47%
- 6M
- 4.83%
- YTD
- 4.75%
- 1Y
- 6.29%
- 3Y*
- 10.07%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.09M | $1.46M | $1.32M | |
| $3.20M | $3.07M | $3.51M |
PSDM vs. RISR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PSDM PGIM Short Duration Multi-Sector Bond ETF | 1.61% | 6.16% | 5.48% | 3.96% |
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF | 4.75% | 4.63% | 24.20% | 0.68% |
Correlation
The correlation between PSDM and RISR is -0.39, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.39 |
Correlation (3Y) Balances recent behavior with more history. | -0.41 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2023 | -0.41 |
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Return for Risk
PSDM vs. RISR — Risk / Return Rank
PSDM
RISR
PSDM vs. RISR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Short Duration Multi-Sector Bond ETF (PSDM) and FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR). 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 | RISR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.07 | ||
| Sortino ratioReturn per unit of downside risk | +1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.22 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 2.42 | +0.92 |
| Martin ratioReturn relative to average drawdown | 14.69 | 5.79 | +8.90 |
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Drawdowns
PSDM vs. RISR - Drawdown Comparison
The maximum PSDM drawdown since its inception was -1.19%, smaller than the maximum RISR drawdown of -14.31%. Use the drawdown chart below to compare losses from any high point for PSDM and RISR.
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Drawdown Indicators
| PSDM | RISR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.19% | -14.31% | +13.12% |
Max Drawdown (1Y)Largest decline over 1 year | -1.19% | -2.61% | +1.42% |
Max Drawdown (3Y)Largest decline over 3 years | -1.19% | -8.07% | +6.88% |
Current DrawdownCurrent decline from peak | -0.05% | -0.15% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -0.17% | -2.12% | +1.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.27% | 1.09% | -0.82% |
Volatility
PSDM vs. RISR - Volatility Comparison
The current volatility for PGIM Short Duration Multi-Sector Bond ETF (PSDM) is 0.67%, while FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) has a volatility of 1.13%. This indicates that PSDM experiences smaller price fluctuations and is considered to be less risky than RISR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSDM | RISR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.67% | 1.13% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 1.49% | 3.57% | -2.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.75% | 5.25% | -3.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.01% | 11.67% | -9.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.01% | 11.67% | -9.66% |
PSDM vs. RISR - Expense Ratio Comparison
PSDM has a 0.40% expense ratio, which is lower than RISR's 1.13% expense ratio.
Dividends
PSDM vs. RISR - Dividend Comparison
PSDM's dividend yield for the trailing twelve months is around 4.81%, less than RISR's 5.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
PSDM PGIM Short Duration Multi-Sector Bond ETF | 4.81% | 4.57% | 5.17% | 2.91% | 0.00% | 0.00% |
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF | 5.88% | 5.95% | 5.67% | 7.96% | 4.26% | 0.30% |
Frequently Asked Questions
PSDM and RISR have a correlation of -0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RISR has higher volatility (1.13%) compared to PSDM (0.67%). In terms of maximum drawdown, PSDM dropped -1.19% vs RISR's -14.31%.
On 3-year performance, RISR leads with 10.07% vs 5.70% for PSDM. On fees, PSDM is cheaper at 0.40% per year. On volatility, PSDM has been the lower-risk option at 0.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, RISR has performed better with a 10.07% return vs 5.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PSDM is cheaper with a 0.40% expense ratio, compared with 1.13% for RISR.
RISR has the higher dividend yield at 5.88%, compared with 4.81% for PSDM.
PSDM is categorized as Multisector Bonds, while RISR is Nontraditional Bonds. They also come from different issuers: PGIM and FolioBeyond. Their fees differ too: 0.40% for PSDM and 1.13% for RISR.
PSDM currently has the higher Sharpe Ratio (2.27 vs 1.20), 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.
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