SDHY vs. ISD
SDHY (PGIM Short Duration High Yield Opportunities Fund) and ISD (PGIM High Yield Bond Fund) are both High Yield Bonds funds from PGIM. Over the past 5 years, SDHY returned 4.54%/yr vs 4.05%/yr for ISD. Their 0.52 correlation means they have sometimes moved together and sometimes differently. SDHY charges 0.70%/yr vs 0.02%/yr for ISD.
Performance
SDHY vs. ISD - Performance Comparison
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Returns By Period
In the year-to-date period, SDHY achieves a 2.19% return, which is significantly higher than ISD's -9.74% return.
SDHY
- 1D
- 0.06%
- 1M
- -0.25%
- 6M
- 1.33%
- YTD
- 2.19%
- 1Y
- 5.28%
- 3Y*
- 10.64%
- 5Y*
- 4.54%
- 10Y*
- —
- ALL TIME*
- 4.16%
ISD
- 1D
- 0.16%
- 1M
- -3.21%
- 6M
- -10.67%
- YTD
- -9.74%
- 1Y
- -4.53%
- 3Y*
- 10.48%
- 5Y*
- 4.05%
- 10Y*
- 6.61%
- ALL TIME*
- 5.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.83M | $1.59M | $1.44M | |
| $882.45K | $940.41K | $1.08M |
SDHY vs. ISD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SDHY PGIM Short Duration High Yield Opportunities Fund | 2.19% | 10.37% | 16.68% | 11.40% | -13.33% | -3.05% | 2.35% |
ISD PGIM High Yield Bond Fund | -9.74% | 15.63% | 22.05% | 15.05% | -18.42% | 15.72% | 4.33% |
Correlation
The correlation between SDHY and ISD is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.53 |
Correlation (3Y) Balances recent behavior with more history. | 0.49 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.57 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2020 | 0.52 |
The correlation between SDHY and ISD has been stable across timeframes, ranging from 0.49 to 0.57 - a consistent structural relationship.
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Return for Risk
SDHY vs. ISD — Risk / Return Rank
SDHY
ISD
SDHY vs. ISD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Short Duration High Yield Opportunities Fund (SDHY) and PGIM High Yield Bond Fund (ISD). 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.
| SDHY | ISD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.94 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | -0.34 | +1.18 |
| Martin ratioReturn relative to average drawdown | 2.35 | -0.76 | +3.11 |
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Drawdowns
SDHY vs. ISD - Drawdown Comparison
The maximum SDHY drawdown since its inception was -22.65%, smaller than the maximum ISD drawdown of -38.88%. Use the drawdown chart below to compare losses from any high point for SDHY and ISD.
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Drawdown Indicators
| SDHY | ISD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.65% | -38.88% | +16.23% |
Max Drawdown (1Y)Largest decline over 1 year | -6.29% | -13.52% | +7.23% |
Max Drawdown (3Y)Largest decline over 3 years | -9.24% | -13.94% | +4.70% |
Max Drawdown (5Y)Largest decline over 5 years | -21.05% | -25.45% | +4.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.88% | — |
Current DrawdownCurrent decline from peak | -0.80% | -11.66% | +10.86% |
Average DrawdownAverage peak-to-trough decline | -6.55% | -5.65% | -0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 6.01% | -3.76% |
Volatility
SDHY vs. ISD - Volatility Comparison
The current volatility for PGIM Short Duration High Yield Opportunities Fund (SDHY) is 1.96%, while PGIM High Yield Bond Fund (ISD) has a volatility of 3.08%. This indicates that SDHY experiences smaller price fluctuations and is considered to be less risky than ISD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDHY | ISD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 3.08% | -1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 5.95% | 9.94% | -3.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.45% | 11.43% | -3.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.28% | 13.37% | -3.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.91% | 14.60% | -3.69% |
SDHY vs. ISD - Expense Ratio Comparison
SDHY has a 0.70% expense ratio, which is higher than ISD's 0.02% expense ratio.
Dividends
SDHY vs. ISD - Dividend Comparison
SDHY's dividend yield for the trailing twelve months is around 8.02%, less than ISD's 10.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISD PGIM High Yield Bond Fund | 10.11% | 8.71% | 9.21% | 10.23% | 10.61% | 7.85% | 8.40% | 7.86% | 7.89% | 8.46% | 8.28% | 9.64% |
SDHY PGIM Short Duration High Yield Opportunities Fund | 8.02% | 7.88% | 8.04% | 8.64% | 8.82% | 7.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SDHY and ISD have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISD has higher volatility (3.08%) compared to SDHY (1.96%). In terms of maximum drawdown, SDHY dropped -22.65% vs ISD's -38.88%.
SDHY currently has the higher Sharpe Ratio (0.71 vs -0.40), 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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