PUDZX vs. SDMZX
PUDZX (PGIM Real Assets Fund) and SDMZX (PGIM Short Duration Multi-Sector Bond Fund) are both mutual funds - PUDZX is a Diversified Portfolio fund managed by PGIM, while SDMZX is a Short-Term Bond fund managed by PGIM. Over the past 10 years, PUDZX returned 6.61%/yr vs 3.10%/yr for SDMZX. At a 0.22 correlation, their price movements are largely independent. PUDZX charges 0.25%/yr vs 0.46%/yr for SDMZX.
Performance
PUDZX vs. SDMZX - Performance Comparison
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Returns By Period
In the year-to-date period, PUDZX achieves a 10.32% return, which is significantly higher than SDMZX's 0.81% return. Over the past 10 years, PUDZX has outperformed SDMZX with an annualized return of 6.61%, while SDMZX has yielded a comparatively lower 3.10% annualized return.
PUDZX
- 1D
- -0.29%
- 1M
- -3.41%
- YTD
- 10.32%
- 6M
- 9.60%
- 1Y
- 17.69%
- 3Y*
- 12.63%
- 5Y*
- 7.59%
- 10Y*
- 6.61%
SDMZX
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 0.81%
- 6M
- 1.22%
- 1Y
- 4.32%
- 3Y*
- 5.76%
- 5Y*
- 2.76%
- 10Y*
- 3.10%
PUDZX vs. SDMZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PUDZX PGIM Real Assets Fund | 10.32% | 13.40% | 8.61% | 3.26% | -2.76% | 18.49% | 4.84% | 16.29% | -9.20% | 6.22% |
SDMZX PGIM Short Duration Multi-Sector Bond Fund | 0.81% | 6.18% | 5.64% | 6.25% | -4.82% | -0.19% | 3.97% | 7.92% | 0.95% | 3.96% |
Correlation
The correlation between PUDZX and SDMZX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.22 |
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Return for Risk
PUDZX vs. SDMZX — Risk / Return Rank
PUDZX
SDMZX
PUDZX vs. SDMZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Real Assets Fund (PUDZX) 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.
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.
| PUDZX | SDMZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.45 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.89 | 2.52 | +1.37 |
| Martin ratioReturn relative to average drawdown | 13.67 | 8.64 | +5.03 |
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Drawdowns
PUDZX vs. SDMZX - Drawdown Comparison
The maximum PUDZX drawdown since its inception was -21.53%, which is greater than SDMZX's maximum drawdown of -9.76%. Use the drawdown chart below to compare losses from any high point for PUDZX and SDMZX.
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Drawdown Indicators
| PUDZX | SDMZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.53% | -9.76% | -11.77% |
Max Drawdown (1Y)Largest decline over 1 year | -4.47% | -1.77% | -2.70% |
Max Drawdown (3Y)Largest decline over 3 years | -8.20% | -1.77% | -6.43% |
Max Drawdown (5Y)Largest decline over 5 years | -17.98% | -8.51% | -9.47% |
Max Drawdown (10Y)Largest decline over 10 years | -21.53% | -9.76% | -11.77% |
Current DrawdownCurrent decline from peak | -4.47% | -1.77% | -2.70% |
Average DrawdownAverage peak-to-trough decline | -5.25% | -0.99% | -4.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.27% | 0.52% | +0.75% |
Volatility
PUDZX vs. SDMZX - Volatility Comparison
The current volatility for PGIM Real Assets Fund (PUDZX) is 2.01%, while PGIM Short Duration Multi-Sector Bond Fund (SDMZX) has a volatility of 2.49%. This indicates that PUDZX experiences smaller price fluctuations and is considered to be less risky than SDMZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PUDZX | SDMZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.01% | 2.49% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 6.19% | 2.83% | +3.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.68% | 3.15% | +4.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.49% | 2.56% | +7.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.69% | 2.58% | +7.11% |
PUDZX vs. SDMZX - Expense Ratio Comparison
PUDZX has a 0.25% expense ratio, which is lower than SDMZX's 0.46% expense ratio.
Dividends
PUDZX vs. SDMZX - Dividend Comparison
PUDZX's dividend yield for the trailing twelve months is around 7.92%, more than SDMZX's 4.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PUDZX PGIM Real Assets Fund | 7.92% | 8.93% | 6.67% | 3.66% | 9.10% | 13.00% | 4.94% | 3.40% | 2.14% | 2.10% | 1.39% | 1.72% |
SDMZX PGIM Short Duration Multi-Sector Bond Fund | 4.71% | 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
PUDZX and SDMZX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SDMZX has higher volatility (2.49%) compared to PUDZX (2.01%). In terms of maximum drawdown, PUDZX dropped -21.53% vs SDMZX's -9.76%.
PUDZX currently has the higher Sharpe Ratio (2.27 vs 1.42), 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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