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 5.16% vs -24.26% for FSCO. Their 0.16 correlation means their historical movements had little consistent relationship.
Performance
PSH vs. FSCO - Performance Comparison
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Returns By Period
In the year-to-date period, PSH achieves a 2.49% return, which is significantly higher than FSCO's -14.85% return.
PSH
- 1D
- 0.08%
- 1M
- -0.06%
- 6M
- 2.09%
- YTD
- 2.49%
- 1Y
- 5.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.94%
FSCO
- 1D
- -0.40%
- 1M
- 1.20%
- 6M
- -12.54%
- YTD
- -14.85%
- 1Y
- -24.26%
- 3Y*
- 11.66%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.16M | $4.36M | $5.06M | |
| $1.58M | $1.47M | $1.29M |
PSH vs. FSCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PSH PGIM Short Duration High Yield ETF | 2.49% | 7.34% | 7.96% | 0.35% |
FSCO FS Credit Opportunities Corp. | -14.85% | 3.68% | 34.88% | -1.28% |
Correlation
The correlation between PSH and FSCO is 0.16, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.16 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2023 | 0.16 |
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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 | +2.66 | ||
| Sortino ratioReturn per unit of downside risk | +3.90 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.85 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 3.69 | -0.69 | +4.38 |
| Martin ratioReturn relative to average drawdown | 10.93 | -1.20 | +12.14 |
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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 | -0.16% | -25.65% | +25.49% |
Average DrawdownAverage peak-to-trough decline | -0.26% | -8.70% | +8.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 20.18% | -19.70% |
Volatility
PSH vs. FSCO - Volatility Comparison
The current volatility for PGIM Short Duration High Yield ETF (PSH) is 0.65%, while FS Credit Opportunities Corp. (FSCO) has a volatility of 3.72%. 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 | 0.65% | 3.72% | -3.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.17% | 22.49% | -20.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.95% | 27.60% | -24.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.20% | 27.86% | -24.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.20% | 27.86% | -24.66% |
Dividends
PSH vs. FSCO - Dividend Comparison
PSH's dividend yield for the trailing twelve months is around 7.09%, less than FSCO's 15.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
FSCO FS Credit Opportunities Corp. | 15.48% | 12.65% | 10.47% | 11.26% | 1.95% |
PSH PGIM Short Duration High Yield ETF | 6.47% | 6.62% | 8.35% | 0.00% | 0.00% |
Frequently Asked Questions
PSH and FSCO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSCO has higher volatility (3.72%) compared to PSH (0.65%). In terms of maximum drawdown, PSH dropped -3.06% vs FSCO's -35.53%.
PSH currently has the higher Sharpe Ratio (1.77 vs -0.88), 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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