SDHY vs. HYDB
Compare and contrast key facts about PGIM Short Duration High Yield Opportunities Fund (SDHY) and iShares High Yield Bond Factor ETF (HYDB).
SDHY is managed by PGIM. HYDB is a passively managed fund by iShares that tracks the performance of the BlackRock High Yield Defensive Bond Index. It was launched on Jul 11, 2017.
Performance
SDHY vs. HYDB - Performance Comparison
Loading graphics...
SDHY vs. HYDB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SDHY PGIM Short Duration High Yield Opportunities Fund | -1.32% | 10.37% | 16.68% | 11.40% | -13.33% | -3.05% | 2.35% |
HYDB iShares High Yield Bond Factor ETF | -0.64% | 8.10% | 9.11% | 14.02% | -9.99% | 5.14% | 2.15% |
Returns By Period
In the year-to-date period, SDHY achieves a -1.32% return, which is significantly lower than HYDB's -0.64% return.
SDHY
- 1D
- 2.63%
- 1M
- -3.77%
- YTD
- -1.32%
- 6M
- -0.35%
- 1Y
- 5.14%
- 3Y*
- 11.42%
- 5Y*
- 4.37%
- 10Y*
- —
HYDB
- 1D
- 0.95%
- 1M
- -1.56%
- YTD
- -0.64%
- 6M
- 0.62%
- 1Y
- 6.05%
- 3Y*
- 8.82%
- 5Y*
- 4.50%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SDHY vs. HYDB - Expense Ratio Comparison
SDHY has a 0.70% expense ratio, which is higher than HYDB's 0.35% expense ratio.
Return for Risk
SDHY vs. HYDB — Risk / Return Rank
SDHY
HYDB
SDHY vs. HYDB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Short Duration High Yield Opportunities Fund (SDHY) and iShares High Yield Bond Factor ETF (HYDB). 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 | HYDB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.49 | 1.03 | -0.54 |
Sortino ratioReturn per unit of downside risk | 0.74 | 1.48 | -0.74 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.24 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 0.59 | 1.28 | -0.69 |
Martin ratioReturn relative to average drawdown | 2.24 | 6.19 | -3.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| SDHY | HYDB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.49 | 1.03 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.64 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.69 | -0.35 |
Correlation
The correlation between SDHY and HYDB is 0.50, 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. HYDB - Dividend Comparison
SDHY's dividend yield for the trailing twelve months is around 8.09%, more than HYDB's 7.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SDHY PGIM Short Duration High Yield Opportunities Fund | 8.09% | 7.88% | 8.04% | 8.64% | 8.82% | 7.62% | 0.00% | 0.00% | 0.00% | 0.00% |
HYDB iShares High Yield Bond Factor ETF | 7.20% | 7.04% | 6.95% | 7.00% | 6.30% | 4.70% | 5.81% | 5.68% | 6.16% | 2.70% |
Drawdowns
SDHY vs. HYDB - Drawdown Comparison
The maximum SDHY drawdown since its inception was -22.65%, roughly equal to the maximum HYDB drawdown of -21.58%. Use the drawdown chart below to compare losses from any high point for SDHY and HYDB.
Loading graphics...
Drawdown Indicators
| SDHY | HYDB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.65% | -21.58% | -1.07% |
Max Drawdown (1Y)Largest decline over 1 year | -8.75% | -4.84% | -3.91% |
Max Drawdown (5Y)Largest decline over 5 years | -22.28% | -14.28% | -8.00% |
Current DrawdownCurrent decline from peak | -3.83% | -1.80% | -2.03% |
Average DrawdownAverage peak-to-trough decline | -6.83% | -2.43% | -4.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 1.00% | +1.30% |
Volatility
SDHY vs. HYDB - Volatility Comparison
PGIM Short Duration High Yield Opportunities Fund (SDHY) has a higher volatility of 4.20% compared to iShares High Yield Bond Factor ETF (HYDB) at 2.22%. This indicates that SDHY's price experiences larger fluctuations and is considered to be riskier than HYDB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| SDHY | HYDB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 2.22% | +1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 5.78% | 2.91% | +2.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.55% | 5.89% | +4.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.71% | 7.02% | +3.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.12% | 7.82% | +3.30% |