PSDM vs. USO
PSDM (PGIM Short Duration Multi-Sector Bond ETF) and USO (United States Oil Fund LP) are both exchange-traded funds - PSDM is a Multisector Bonds fund actively managed by PGIM, while USO is a Oil & Gas fund tracking the Front Month Light Sweet Crude Oil. PSDM is actively managed, while USO is passively managed. Over the past year, PSDM returned 5.16% vs 101.55% for USO. At a correlation of -0.19, they often move in opposite directions. PSDM charges 0.40%/yr vs 0.86%/yr for USO.
Performance
PSDM vs. USO - Performance Comparison
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Returns By Period
In the year-to-date period, PSDM achieves a 1.23% return, which is significantly lower than USO's 103.67% return.
PSDM
- 1D
- -0.10%
- 1M
- 0.20%
- YTD
- 1.23%
- 6M
- 1.61%
- 1Y
- 5.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USO
- 1D
- 2.62%
- 1M
- -4.57%
- YTD
- 103.67%
- 6M
- 99.35%
- 1Y
- 101.55%
- 3Y*
- 29.98%
- 5Y*
- 24.41%
- 10Y*
- 4.07%
PSDM vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PSDM PGIM Short Duration Multi-Sector Bond ETF | 1.23% | 6.16% | 5.48% | 3.96% |
USO United States Oil Fund LP | 103.67% | -8.46% | 13.35% | -5.68% |
Correlation
The correlation between PSDM and USO is -0.36, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.36 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2023 | -0.19 |
The correlation between PSDM and USO shifts across timeframes, from -0.36 (1 year) to -0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PSDM vs. USO — Risk / Return Rank
PSDM
USO
PSDM vs. USO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Short Duration Multi-Sector Bond ETF (PSDM) and United States Oil Fund LP (USO). 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 | USO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +2.17 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.38 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 4.35 | 5.01 | -0.65 |
| Martin ratioReturn relative to average drawdown | 19.69 | 9.42 | +10.28 |
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 | USO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.96 | 2.31 | +0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.68 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.97 | -0.18 | +3.14 |
Drawdowns
PSDM vs. USO - Drawdown Comparison
The maximum PSDM drawdown since its inception was -1.19%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for PSDM and USO.
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Drawdown Indicators
| PSDM | USO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.19% | -98.19% | +97.00% |
Max Drawdown (1Y)Largest decline over 1 year | -1.19% | -20.39% | +19.20% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.05% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -86.75% | — |
Current DrawdownCurrent decline from peak | -0.16% | -85.01% | +84.85% |
Average DrawdownAverage peak-to-trough decline | -0.17% | -75.30% | +75.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.26% | 10.82% | -10.56% |
Volatility
PSDM vs. USO - Volatility Comparison
The current volatility for PGIM Short Duration Multi-Sector Bond ETF (PSDM) is 0.53%, while United States Oil Fund LP (USO) has a volatility of 14.87%. This indicates that PSDM experiences smaller price fluctuations and is considered to be less risky than USO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSDM | USO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 14.87% | -14.34% |
Volatility (6M)Calculated over the trailing 6-month period | 1.28% | 38.23% | -36.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.75% | 44.20% | -42.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.01% | 36.06% | -34.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.01% | 39.00% | -36.99% |
PSDM vs. USO - Expense Ratio Comparison
PSDM has a 0.40% expense ratio, which is lower than USO's 0.86% expense ratio.
Dividends
PSDM vs. USO - Dividend Comparison
PSDM's dividend yield for the trailing twelve months is around 4.85%, while USO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
PSDM PGIM Short Duration Multi-Sector Bond ETF | 4.85% | 4.57% | 5.17% | 2.91% |
USO United States Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PSDM and USO have a correlation of -0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USO has higher volatility (14.87%) compared to PSDM (0.53%). In terms of maximum drawdown, PSDM dropped -1.19% vs USO's -98.19%.
On 1-year performance, USO leads with 101.55% vs 5.16% for PSDM. On fees, PSDM is cheaper at 0.40% per year. On volatility, PSDM has been the lower-risk option at 0.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USO has performed better with a 101.55% return vs 5.16%. 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 0.86% for USO.
PSDM has the higher dividend yield at 4.85%, compared with 0.00% for USO.
PSDM is categorized as Multisector Bonds, while USO is Oil & Gas. They also come from different issuers: PGIM and USCF. Their fees differ too: 0.40% for PSDM and 0.86% for USO.
PSDM currently has the higher Sharpe Ratio (2.96 vs 2.31), 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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