PSIAX vs. SDMZX

Last updated Jun 4, 2026

PSIAX (PGIM Quant Solutions Large-Cap Index Fund Class A) and SDMZX (PGIM Short Duration Multi-Sector Bond Fund) are both mutual funds - PSIAX is a Large Cap Blend Equities fund tracking the S&P 500, while SDMZX is a Short-Term Bond fund managed by PGIM. Over the past 10 years, PSIAX returned 16.41%/yr vs 3.15%/yr for SDMZX. At a 0.07 correlation, their price movements are largely independent. PSIAX charges 0.51%/yr vs 0.46%/yr for SDMZX.

Performance

PSIAX vs. SDMZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Quant Solutions Large-Cap Index Fund Class A (PSIAX) and PGIM Short Duration Multi-Sector Bond Fund (SDMZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSIAX achieves a 11.48% return, which is significantly higher than SDMZX's 1.15% return. Over the past 10 years, PSIAX has outperformed SDMZX with an annualized return of 16.41%, while SDMZX has yielded a comparatively lower 3.15% annualized return.

PSIAX

• 1D: 0.13%
• 1M: 5.76%
• YTD: 11.48%
• 6M: 11.47%
• 1Y: 28.38%
• 3Y*: 23.52%
• 5Y*: 12.16%
• 10Y*: 16.41%

SDMZX

• 1D: 0.00%
• 1M: 0.40%
• YTD: 1.15%
• 6M: 1.56%
• 1Y: 5.15%
• 3Y*: 5.84%
• 5Y*: 2.83%
• 10Y*: 3.15%

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

PSIAX vs. SDMZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSIAX PGIM Quant Solutions Large-Cap Index Fund Class A	11.48%	17.27%	28.56%	25.69%	-18.68%	15.75%	17.96%	57.65%	-5.24%	21.27%
SDMZX PGIM Short Duration Multi-Sector Bond Fund	1.15%	6.18%	5.64%	6.25%	-4.82%	-0.19%	3.97%	7.92%	0.95%	3.96%

Correlation

The correlation between PSIAX and SDMZX is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (10Y) Calculated over the trailing 10-year period	0.10
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014	0.07

The correlation between PSIAX and SDMZX shifts across timeframes, from 0.07 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

PSIAX vs. SDMZX — Risk / Return Rank

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

PSIAX

PSIAX Risk / Return Rank: 70
PSIAX Sharpe Ratio Rank: 71
PSIAX Sortino Ratio Rank: 63
PSIAX Omega Ratio Rank: 64
PSIAX Calmar Ratio Rank: 71
PSIAX Martin Ratio Rank: 82

SDMZX

SDMZX Risk / Return Rank: 64
SDMZX Sharpe Ratio Rank: 34
SDMZX Sortino Ratio Rank: 45
SDMZX Omega Ratio Rank: 82
SDMZX Calmar Ratio Rank: 79
SDMZX Martin Ratio Rank: 80

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.

PSIAX vs. SDMZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Quant Solutions Large-Cap Index Fund Class A (PSIAX) and PGIM Short Duration Multi-Sector Bond Fund (SDMZX). 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.

	PSIAX	SDMZX	Difference
Sharpe ratio: Return per unit of total volatility	2.47	1.66	+0.81
Sortino ratio: Return per unit of downside risk	3.35	2.81	+0.55
Omega ratio: Gain probability vs. loss probability	1.45	1.54	-0.09
Calmar ratio: Return relative to maximum drawdown	3.26	3.58	-0.32
Martin ratio: Return relative to average drawdown	15.19	14.98	+0.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSIAX vs. SDMZX - Sharpe Ratio Comparison

The current PSIAX Sharpe Ratio is 2.47, which is higher than the SDMZX Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of PSIAX and SDMZX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PSIAX	SDMZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.47	1.66	+0.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	1.11	-0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.84	1.23	-0.39
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	1.20	-0.78

Drawdowns

PSIAX vs. SDMZX - Drawdown Comparison

The maximum PSIAX drawdown since its inception was -55.50%, which is greater than SDMZX's maximum drawdown of -9.76%. Use the drawdown chart below to compare losses from any high point for PSIAX and SDMZX.

Drawdown Indicators

	PSIAX	SDMZX	Difference
Max Drawdown Largest peak-to-trough decline	-55.50%	-9.76%	-45.74%
Max Drawdown (1Y) Largest decline over 1 year	-8.97%	-1.44%	-7.53%
Max Drawdown (3Y) Largest decline over 3 years	-18.81%	-1.44%	-17.37%
Max Drawdown (5Y) Largest decline over 5 years	-30.76%	-8.51%	-22.25%
Max Drawdown (10Y) Largest decline over 10 years	-33.79%	-9.76%	-24.03%
Current Drawdown Current decline from peak	0.00%	-1.44%	+1.44%
Average Drawdown Average peak-to-trough decline	-11.74%	-0.99%	-10.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	0.34%	+1.58%

Volatility

PSIAX vs. SDMZX - Volatility Comparison

PGIM Quant Solutions Large-Cap Index Fund Class A (PSIAX) has a higher volatility of 2.81% compared to PGIM Short Duration Multi-Sector Bond Fund (SDMZX) at 2.46%. This indicates that PSIAX's price experiences larger fluctuations and is considered to be riskier than SDMZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSIAX	SDMZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.81%	2.46%	+0.35%
Volatility (6M) Calculated over the trailing 6-month period	8.96%	2.79%	+6.17%
Volatility (1Y) Calculated over the trailing 1-year period	11.86%	3.12%	+8.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.63%	2.55%	+15.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.61%	2.58%	+17.03%

PSIAX vs. SDMZX - Expense Ratio Comparison

PSIAX has a 0.51% expense ratio, which is higher than SDMZX's 0.46% expense ratio.

Dividends

PSIAX vs. SDMZX - Dividend Comparison

PSIAX's dividend yield for the trailing twelve months is around 7.56%, more than SDMZX's 4.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSIAX PGIM Quant Solutions Large-Cap Index Fund Class A	7.56%	8.43%	7.63%	13.35%	16.13%	0.86%	28.04%	34.42%	23.26%	6.01%	3.61%	3.55%
SDMZX PGIM Short Duration Multi-Sector Bond Fund	4.69%	4.62%	4.57%	3.36%	4.70%	2.76%	3.10%	6.18%	3.47%	2.64%	2.76%	3.34%

Frequently Asked Questions

Can I hold both PSIAX and SDMZX in my portfolio?

PSIAX and SDMZX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSIAX or SDMZX?

PSIAX has higher volatility (2.81%) compared to SDMZX (2.46%). In terms of maximum drawdown, PSIAX dropped -55.50% vs SDMZX's -9.76%.

Which has better risk-adjusted returns?

PSIAX currently has the higher Sharpe Ratio (2.47 vs 1.66), 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.