SDHY vs. PBSMX
Compare and contrast key facts about PGIM Short Duration High Yield Opportunities Fund (SDHY) and PGIM Short-Term Corporate Bond Fund (PBSMX).
SDHY is managed by PGIM. PBSMX is managed by PGIM. It was launched on Sep 1, 1989.
Performance
SDHY vs. PBSMX - Performance Comparison
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SDHY vs. PBSMX - 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% |
PBSMX PGIM Short-Term Corporate Bond Fund | -0.30% | 6.41% | 4.25% | 5.98% | -7.06% | -0.71% | 0.76% |
Returns By Period
In the year-to-date period, SDHY achieves a -1.39% return, which is significantly lower than PBSMX's -0.30% return.
SDHY
- 1D
- -0.06%
- 1M
- -3.77%
- YTD
- -1.39%
- 6M
- -0.77%
- 1Y
- 4.44%
- 3Y*
- 11.40%
- 5Y*
- 4.35%
- 10Y*
- —
PBSMX
- 1D
- 0.19%
- 1M
- -1.01%
- YTD
- -0.30%
- 6M
- 0.75%
- 1Y
- 4.13%
- 3Y*
- 4.73%
- 5Y*
- 1.73%
- 10Y*
- 2.25%
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SDHY vs. PBSMX - Expense Ratio Comparison
SDHY has a 0.70% expense ratio, which is lower than PBSMX's 0.71% expense ratio.
Return for Risk
SDHY vs. PBSMX — Risk / Return Rank
SDHY
PBSMX
SDHY vs. PBSMX - 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 Short-Term Corporate Bond Fund (PBSMX). 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 | PBSMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.42 | 1.84 | -1.42 |
Sortino ratioReturn per unit of downside risk | 0.65 | 2.88 | -2.23 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.40 | -0.30 |
Calmar ratioReturn relative to maximum drawdown | 0.58 | 2.76 | -2.18 |
Martin ratioReturn relative to average drawdown | 2.20 | 10.65 | -8.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SDHY | PBSMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.42 | 1.84 | -1.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.61 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 1.60 | -1.26 |
Correlation
The correlation between SDHY and PBSMX is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SDHY vs. PBSMX - Dividend Comparison
SDHY's dividend yield for the trailing twelve months is around 8.09%, more than PBSMX's 3.50% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
PBSMX PGIM Short-Term Corporate Bond Fund | 3.50% | 3.74% | 3.00% | 2.65% | 2.02% | 1.79% | 2.22% | 2.57% | 2.57% | 2.40% | 2.40% | 2.56% |
Drawdowns
SDHY vs. PBSMX - Drawdown Comparison
The maximum SDHY drawdown since its inception was -22.65%, which is greater than PBSMX's maximum drawdown of -10.70%. Use the drawdown chart below to compare losses from any high point for SDHY and PBSMX.
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Drawdown Indicators
| SDHY | PBSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.65% | -10.70% | -11.95% |
Max Drawdown (1Y)Largest decline over 1 year | -8.36% | -1.65% | -6.71% |
Max Drawdown (5Y)Largest decline over 5 years | -22.28% | -10.70% | -11.58% |
Max Drawdown (10Y)Largest decline over 10 years | — | -10.70% | — |
Current DrawdownCurrent decline from peak | -3.89% | -1.29% | -2.60% |
Average DrawdownAverage peak-to-trough decline | -6.83% | -0.88% | -5.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 0.43% | +1.88% |
Volatility
SDHY vs. PBSMX - Volatility Comparison
PGIM Short Duration High Yield Opportunities Fund (SDHY) has a higher volatility of 4.16% compared to PGIM Short-Term Corporate Bond Fund (PBSMX) at 0.67%. This indicates that SDHY's price experiences larger fluctuations and is considered to be riskier than PBSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDHY | PBSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.16% | 0.67% | +3.49% |
Volatility (6M)Calculated over the trailing 6-month period | 5.78% | 1.33% | +4.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.55% | 2.29% | +8.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.69% | 2.86% | +7.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.12% | 2.62% | +8.50% |