SDHY vs. FTHY

Last updated Apr 2, 2026

Compare and contrast key facts about PGIM Short Duration High Yield Opportunities Fund (SDHY) and First Trust High Yield Opportunities 2027 Term Fund (FTHY).

SDHY is managed by PGIM. FTHY is managed by First Trust. It was launched on Jun 25, 2020.

Performance

SDHY vs. FTHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Short Duration High Yield Opportunities Fund (SDHY) and First Trust High Yield Opportunities 2027 Term Fund (FTHY). The values are adjusted to include any dividend payments, if applicable.

SDHY vs. FTHY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SDHY PGIM Short Duration High Yield Opportunities Fund	-1.39%	10.37%	16.68%	11.40%	-13.33%	-3.05%	2.35%
FTHY First Trust High Yield Opportunities 2027 Term Fund	-1.04%	7.80%	15.71%	14.65%	-26.09%	7.63%	3.97%

Returns By Period

In the year-to-date period, SDHY achieves a -1.39% return, which is significantly lower than FTHY's -1.04% return.

SDHY

• 1D: -0.06%
• 1M: -3.77%
• YTD: -1.39%
• 6M: -0.77%
• 1Y: 4.44%
• 3Y*: 11.40%
• 5Y*: 4.35%
• 10Y*: —

FTHY

• 1D: 0.19%
• 1M: -1.77%
• YTD: -1.04%
• 6M: -1.25%
• 1Y: 4.44%
• 3Y*: 10.32%
• 5Y*: 2.46%
• 10Y*: —

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

SDHY vs. FTHY - Expense Ratio Comparison

SDHY has a 0.70% expense ratio, which is higher than FTHY's 0.02% expense ratio.

SDHY

PGIM Short Duration High Yield Opportunities Fund

FTHY

First Trust High Yield Opportunities 2027 Term Fund

Return for Risk

SDHY vs. FTHY — Risk / Return Rank

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

SDHY

SDHY Risk / Return Rank: 12
SDHY Sharpe Ratio Rank: 11
SDHY Sortino Ratio Rank: 10
SDHY Omega Ratio Rank: 12
SDHY Calmar Ratio Rank: 13
SDHY Martin Ratio Rank: 15

FTHY

FTHY Risk / Return Rank: 12
FTHY Sharpe Ratio Rank: 12
FTHY Sortino Ratio Rank: 11
FTHY Omega Ratio Rank: 12
FTHY Calmar Ratio Rank: 13
FTHY Martin Ratio Rank: 14

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.

SDHY vs. FTHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Short Duration High Yield Opportunities Fund (SDHY) and First Trust High Yield Opportunities 2027 Term Fund (FTHY). 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.

	SDHY	FTHY	Difference
Sharpe ratio Return per unit of total volatility	0.42	0.46	-0.03
Sortino ratio Return per unit of downside risk	0.65	0.67	-0.02
Omega ratio Gain probability vs. loss probability	1.10	1.11	0.00
Calmar ratio Return relative to maximum drawdown	0.58	0.55	+0.03
Martin ratio Return relative to average drawdown	2.20	1.99	+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.

SDHY vs. FTHY - Sharpe Ratio Comparison

The current SDHY Sharpe Ratio is 0.42, which is comparable to the FTHY Sharpe Ratio of 0.46. The chart below compares the historical Sharpe Ratios of SDHY and FTHY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SDHY	FTHY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.42	0.46	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.19	+0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.22	+0.12

Correlation

The correlation between SDHY and FTHY is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SDHY vs. FTHY - Dividend Comparison

SDHY's dividend yield for the trailing twelve months is around 8.09%, less than FTHY's 11.17% yield.

	TTM	2025	2024	2023	2022	2021	2020
SDHY PGIM Short Duration High Yield Opportunities Fund	8.09%	7.88%	8.04%	8.64%	8.82%	7.62%	0.00%
FTHY First Trust High Yield Opportunities 2027 Term Fund	11.17%	10.66%	10.70%	10.22%	11.85%	7.83%	2.94%

Drawdowns

SDHY vs. FTHY - Drawdown Comparison

The maximum SDHY drawdown since its inception was -22.65%, smaller than the maximum FTHY drawdown of -31.17%. Use the drawdown chart below to compare losses from any high point for SDHY and FTHY.

Drawdown Indicators

	SDHY	FTHY	Difference
Max Drawdown Largest peak-to-trough decline	-22.65%	-31.17%	+8.52%
Max Drawdown (1Y) Largest decline over 1 year	-8.36%	-7.43%	-0.93%
Max Drawdown (5Y) Largest decline over 5 years	-22.28%	-31.17%	+8.89%
Current Drawdown Current decline from peak	-3.89%	-3.27%	-0.62%
Average Drawdown Average peak-to-trough decline	-6.83%	-10.44%	+3.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	2.10%	+0.21%

Volatility

SDHY vs. FTHY - Volatility Comparison

PGIM Short Duration High Yield Opportunities Fund (SDHY) has a higher volatility of 4.16% compared to First Trust High Yield Opportunities 2027 Term Fund (FTHY) at 3.46%. This indicates that SDHY's price experiences larger fluctuations and is considered to be riskier than FTHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SDHY	FTHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.16%	3.46%	+0.70%
Volatility (6M) Calculated over the trailing 6-month period	5.78%	5.00%	+0.78%
Volatility (1Y) Calculated over the trailing 1-year period	10.55%	9.78%	+0.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.69%	12.86%	-2.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.12%	13.39%	-2.27%