PSH vs. FSCO
PSH (PGIM Short Duration High Yield ETF) is High Yield Bonds fund actively managed by PGIM, while FSCO (FS Credit Opportunities Corp.) is a stock. Over the past year, PSH returned 5.38% vs -23.96% for FSCO. At a 0.17 correlation, their price movements are largely independent.
Performance
PSH vs. FSCO - Performance Comparison
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Returns By Period
In the year-to-date period, PSH achieves a 2.28% return, which is significantly higher than FSCO's -17.89% return.
PSH
- 1D
- -0.24%
- 1M
- 0.06%
- 6M
- 1.95%
- YTD
- 2.28%
- 1Y
- 5.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FSCO
- 1D
- -1.02%
- 1M
- 1.64%
- 6M
- -18.92%
- YTD
- -17.89%
- 1Y
- -23.96%
- 3Y*
- 10.95%
- 5Y*
- —
- 10Y*
- —
PSH vs. FSCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PSH PGIM Short Duration High Yield ETF | 2.28% | 7.34% | 7.96% | 0.35% |
FSCO FS Credit Opportunities Corp. | -17.89% | 3.68% | 34.88% | -1.28% |
Correlation
The correlation between PSH and FSCO is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2023 | 0.17 |
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Return for Risk
PSH vs. FSCO — Risk / Return Rank
PSH
FSCO
PSH vs. FSCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Short Duration High Yield ETF (PSH) and FS Credit Opportunities Corp. (FSCO). 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.
| PSH | FSCO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.70 | ||
| Sortino ratioReturn per unit of downside risk | +3.96 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 0.85 | +0.53 |
| Calmar ratioReturn relative to maximum drawdown | 3.81 | -0.68 | +4.49 |
| Martin ratioReturn relative to average drawdown | 11.35 | -1.25 | +12.60 |
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Drawdowns
PSH vs. FSCO - Drawdown Comparison
The maximum PSH drawdown since its inception was -3.06%, smaller than the maximum FSCO drawdown of -35.53%. Use the drawdown chart below to compare losses from any high point for PSH and FSCO.
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Drawdown Indicators
| PSH | FSCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.06% | -35.53% | +32.47% |
Max Drawdown (1Y)Largest decline over 1 year | -1.42% | -35.53% | +34.11% |
Max Drawdown (3Y)Largest decline over 3 years | — | -35.53% | — |
Current DrawdownCurrent decline from peak | -0.36% | -28.31% | +27.95% |
Average DrawdownAverage peak-to-trough decline | -0.26% | -8.43% | +8.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.47% | 19.17% | -18.70% |
Volatility
PSH vs. FSCO - Volatility Comparison
The current volatility for PGIM Short Duration High Yield ETF (PSH) is 0.60%, while FS Credit Opportunities Corp. (FSCO) has a volatility of 5.20%. This indicates that PSH experiences smaller price fluctuations and is considered to be less risky than FSCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSH | FSCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.60% | 5.20% | -4.60% |
Volatility (6M)Calculated over the trailing 6-month period | 2.15% | 22.60% | -20.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.97% | 27.62% | -24.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.22% | 28.03% | -24.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.22% | 28.03% | -24.81% |
Dividends
PSH vs. FSCO - Dividend Comparison
PSH's dividend yield for the trailing twelve months is around 6.57%, less than FSCO's 16.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
FSCO FS Credit Opportunities Corp. | 16.06% | 12.65% | 10.47% | 11.26% | 1.95% |
PSH PGIM Short Duration High Yield ETF | 6.57% | 6.62% | 8.35% | 0.00% | 0.00% |
Frequently Asked Questions
PSH and FSCO have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSCO has higher volatility (5.20%) compared to PSH (0.60%). In terms of maximum drawdown, PSH dropped -3.06% vs FSCO's -35.53%.
PSH currently has the higher Sharpe Ratio (1.82 vs -0.87), 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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