PSH vs. SDCP

Last updated Jun 24, 2026

PSH (PGIM Short Duration High Yield ETF) and SDCP (Virtus Newfleet Short Duration Core Plus Bond ETF) are both exchange-traded funds - PSH is a High Yield Bonds fund actively managed by PGIM, while SDCP is a Short-Term Bond fund actively managed by Virtus. Both are actively managed. Over the past year, PSH returned 5.99% vs 4.00% for SDCP. At a 0.25 correlation, their price movements are largely independent. PSH charges 0.45%/yr vs 0.35%/yr for SDCP.

Performance

PSH vs. SDCP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Short Duration High Yield ETF (PSH) and Virtus Newfleet Short Duration Core Plus Bond ETF (SDCP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSH achieves a 2.30% return, which is significantly higher than SDCP's 1.25% return.

PSH

• 1D: 0.05%
• 1M: 0.46%
• YTD: 2.30%
• 6M: 2.57%
• 1Y: 5.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SDCP

• 1D: -0.00%
• 1M: 0.32%
• YTD: 1.25%
• 6M: 1.45%
• 1Y: 4.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PSH vs. SDCP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PSH PGIM Short Duration High Yield ETF	2.30%	7.34%	7.96%	0.35%
SDCP Virtus Newfleet Short Duration Core Plus Bond ETF	1.25%	5.37%	5.24%	0.65%

Correlation

The correlation between PSH and SDCP is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (All Time) Calculated using the full available price history since Dec 19, 2023	0.25

Return for Risk

PSH vs. SDCP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PSH

PSH Risk / Return Rank: 75
PSH Sharpe Ratio Rank: 66
PSH Sortino Ratio Rank: 76
PSH Omega Ratio Rank: 78
PSH Calmar Ratio Rank: 84
PSH Martin Ratio Rank: 72

SDCP

SDCP Risk / Return Rank: 92
SDCP Sharpe Ratio Rank: 92
SDCP Sortino Ratio Rank: 95
SDCP Omega Ratio Rank: 95
SDCP Calmar Ratio Rank: 88
SDCP Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PSH vs. SDCP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Short Duration High Yield ETF (PSH) and Virtus Newfleet Short Duration Core Plus Bond ETF (SDCP). 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	SDCP	Difference
Sharpe ratio: Return per unit of total volatility	2.01	3.04	-1.03
Sortino ratio: Return per unit of downside risk	3.15	4.84	-1.70
Omega ratio: Gain probability vs. loss probability	1.43	1.72	-0.30
Calmar ratio: Return relative to maximum drawdown	4.24	4.87	-0.62
Martin ratio: Return relative to average drawdown	12.56	18.28	-5.72

PSH vs. SDCP - Sharpe Ratio Comparison

The current PSH Sharpe Ratio is 2.01, which is lower than the SDCP Sharpe Ratio of 3.04. The chart below compares the historical Sharpe Ratios of PSH and SDCP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PSH vs. SDCP - Drawdown Comparison

The maximum PSH drawdown since its inception was -3.06%, which is greater than SDCP's maximum drawdown of -1.00%. Use the drawdown chart below to compare losses from any high point for PSH and SDCP.

Drawdown Indicators

	PSH	SDCP	Difference
Max Drawdown Largest peak-to-trough decline	-3.06%	-1.00%	-2.06%
Max Drawdown (1Y) Largest decline over 1 year	-1.42%	-0.82%	-0.60%
Current Drawdown Current decline from peak	0.00%	-0.11%	+0.11%
Average Drawdown Average peak-to-trough decline	-0.26%	-0.18%	-0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.48%	0.22%	+0.26%

Volatility

PSH vs. SDCP - Volatility Comparison

PGIM Short Duration High Yield ETF (PSH) has a higher volatility of 0.52% compared to Virtus Newfleet Short Duration Core Plus Bond ETF (SDCP) at 0.26%. This indicates that PSH's price experiences larger fluctuations and is considered to be riskier than SDCP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSH	SDCP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.52%	0.26%	+0.26%
Volatility (6M) Calculated over the trailing 6-month period	2.11%	0.79%	+1.32%
Volatility (1Y) Calculated over the trailing 1-year period	2.99%	1.33%	+1.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.24%	2.02%	+1.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.24%	2.02%	+1.22%

PSH vs. SDCP - Expense Ratio Comparison

PSH has a 0.45% expense ratio, which is higher than SDCP's 0.35% expense ratio.

Dividends

PSH vs. SDCP - Dividend Comparison

PSH's dividend yield for the trailing twelve months is around 6.64%, more than SDCP's 5.22% yield.

Position	TTM	2025	2024	2023
PSH PGIM Short Duration High Yield ETF	6.64%	6.62%	8.35%	0.00%
SDCP Virtus Newfleet Short Duration Core Plus Bond ETF	5.22%	5.16%	5.25%	0.59%

Frequently Asked Questions

Can I hold both PSH and SDCP in my portfolio?

PSH and SDCP have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSH or SDCP?

PSH has higher volatility (0.52%) compared to SDCP (0.26%). In terms of maximum drawdown, PSH dropped -3.06% vs SDCP's -1.00%.

Which ETF is better, PSH or SDCP?

On 1-year performance, PSH leads with 5.99% vs 4.00% for SDCP. On fees, SDCP is cheaper at 0.35% per year. On volatility, SDCP has been the lower-risk option at 0.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSH or SDCP?

Over the 1-year period, PSH has performed better with a 5.99% return vs 4.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSH or SDCP?

SDCP is cheaper with a 0.35% expense ratio, compared with 0.45% for PSH.

Which ETF pays a higher dividend yield, PSH or SDCP?

PSH has the higher dividend yield at 6.64%, compared with 5.22% for SDCP.

What is the main difference between PSH and SDCP?

PSH is categorized as High Yield Bonds, while SDCP is Short-Term Bond. They also come from different issuers: PGIM and Virtus. Their fees differ too: 0.45% for PSH and 0.35% for SDCP.

Which has better risk-adjusted returns?

SDCP currently has the higher Sharpe Ratio (3.04 vs 2.01), 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.