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 6.11% vs -23.27% 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 1.88% return, which is significantly higher than FSCO's -18.38% return.
PSH
- 1D
- -0.11%
- 1M
- 0.08%
- YTD
- 1.88%
- 6M
- 2.38%
- 1Y
- 6.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FSCO
- 1D
- -1.22%
- 1M
- -5.26%
- YTD
- -18.38%
- 6M
- -13.63%
- 1Y
- -23.27%
- 3Y*
- 15.11%
- 5Y*
- —
- 10Y*
- —
PSH vs. FSCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PSH PGIM Short Duration High Yield ETF | 1.88% | 7.34% | 7.96% | 0.38% |
FSCO FS Credit Opportunities Corp. | -18.38% | 3.68% | 34.88% | -1.95% |
Correlation
The correlation between PSH and FSCO is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 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.
| PSH | FSCO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.90 | ||
| Sortino ratioReturn per unit of downside risk | +4.27 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 0.85 | +0.58 |
| Calmar ratioReturn relative to maximum drawdown | 4.33 | -0.66 | +4.98 |
| Martin ratioReturn relative to average drawdown | 12.80 | -1.38 | +14.18 |
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
| PSH | FSCO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | -0.86 | +2.90 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.21 | 0.57 | +1.64 |
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% | -28.73% | +28.57% |
Average DrawdownAverage peak-to-trough decline | -0.27% | -7.83% | +7.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 16.89% | -16.41% |
Volatility
PSH vs. FSCO - Volatility Comparison
The current volatility for PGIM Short Duration High Yield ETF (PSH) is 0.69%, while FS Credit Opportunities Corp. (FSCO) has a volatility of 5.19%. 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 | 0.69% | 5.19% | -4.50% |
Volatility (6M)Calculated over the trailing 6-month period | 2.10% | 22.58% | -20.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.02% | 27.07% | -24.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.26% | 27.71% | -24.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.26% | 27.71% | -24.45% |
Dividends
PSH vs. FSCO - Dividend Comparison
PSH's dividend yield for the trailing twelve months is around 6.66%, less than FSCO's 16.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
FSCO FS Credit Opportunities Corp. | 16.15% | 12.65% | 10.47% | 11.26% | 1.95% |
PSH PGIM Short Duration High Yield ETF | 6.66% | 6.62% | 8.35% | 0.00% | 0.00% |
Frequently Asked Questions
PSH and FSCO have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSCO has higher volatility (5.19%) compared to PSH (0.69%). In terms of maximum drawdown, PSH dropped -3.06% vs FSCO's -35.53%.
PSH currently has the higher Sharpe Ratio (2.04 vs -0.86), 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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