SDMZX vs. CDSRX
SDMZX (PGIM Short Duration Multi-Sector Bond Fund) and CDSRX (Calvert Short Duration Income Fund Class R6) are both Short-Term Bond funds. Over the past 5 years, SDMZX returned 2.66%/yr vs 2.74%/yr for CDSRX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. SDMZX charges 0.46%/yr vs 0.45%/yr for CDSRX.
Performance
SDMZX vs. CDSRX - Performance Comparison
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Returns By Period
In the year-to-date period, SDMZX achieves a 0.95% return, which is significantly higher than CDSRX's 0.69% return.
SDMZX
- 1D
- 0.11%
- 1M
- -0.34%
- 6M
- 0.46%
- YTD
- 0.95%
- 1Y
- 3.43%
- 3Y*
- 5.38%
- 5Y*
- 2.66%
- 10Y*
- 2.98%
- ALL TIME*
- 2.85%
CDSRX
- 1D
- 0.06%
- 1M
- -0.38%
- 6M
- 0.24%
- YTD
- 0.69%
- 1Y
- 3.01%
- 3Y*
- 5.45%
- 5Y*
- 2.74%
- 10Y*
- —
- ALL TIME*
- 3.34%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SDMZX vs. CDSRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SDMZX PGIM Short Duration Multi-Sector Bond Fund | 0.95% | 6.18% | 5.64% | 6.25% | -4.82% | -0.19% | 3.97% | 6.80% |
CDSRX Calvert Short Duration Income Fund Class R6 | 0.69% | 6.35% | 5.74% | 6.87% | -5.07% | 1.20% | 4.82% | 4.87% |
Correlation
The correlation between SDMZX and CDSRX is 0.86, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.86 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2019 | 0.78 |
The correlation between SDMZX and CDSRX has been stable across timeframes, ranging from 0.78 to 0.86 - a consistent structural relationship.
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Return for Risk
SDMZX vs. CDSRX — Risk / Return Rank
SDMZX
CDSRX
SDMZX vs. CDSRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Short Duration Multi-Sector Bond Fund (SDMZX) and Calvert Short Duration Income Fund Class R6 (CDSRX). 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.
| SDMZX | CDSRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.40 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 2.49 | -0.21 |
| Martin ratioReturn relative to average drawdown | 5.93 | 9.47 | -3.54 |
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Drawdowns
SDMZX vs. CDSRX - Drawdown Comparison
The maximum SDMZX drawdown since its inception was -9.76%, roughly equal to the maximum CDSRX drawdown of -9.96%. Use the drawdown chart below to compare losses from any high point for SDMZX and CDSRX.
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Drawdown Indicators
| SDMZX | CDSRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.76% | -9.96% | +0.20% |
Max Drawdown (1Y)Largest decline over 1 year | -1.85% | -1.56% | -0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -1.85% | -1.56% | -0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -8.51% | -7.91% | -0.60% |
Max Drawdown (10Y)Largest decline over 10 years | -9.76% | — | — |
Current DrawdownCurrent decline from peak | -1.62% | -0.44% | -1.18% |
Average DrawdownAverage peak-to-trough decline | -0.99% | -1.35% | +0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 0.41% | +0.30% |
Volatility
SDMZX vs. CDSRX - Volatility Comparison
PGIM Short Duration Multi-Sector Bond Fund (SDMZX) has a higher volatility of 0.52% compared to Calvert Short Duration Income Fund Class R6 (CDSRX) at 0.46%. This indicates that SDMZX's price experiences larger fluctuations and is considered to be riskier than CDSRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDMZX | CDSRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.52% | 0.46% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 1.64% | +1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.15% | 2.11% | +1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.57% | 2.44% | +0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.58% | 2.64% | -0.06% |
SDMZX vs. CDSRX - Expense Ratio Comparison
SDMZX has a 0.46% expense ratio, which is higher than CDSRX's 0.45% expense ratio.
Dividends
SDMZX vs. CDSRX - Dividend Comparison
SDMZX's dividend yield for the trailing twelve months is around 4.30%, which matches CDSRX's 4.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDSRX Calvert Short Duration Income Fund Class R6 | 4.27% | 4.55% | 4.98% | 3.52% | 2.21% | 2.56% | 2.88% | 2.75% | 0.00% | 0.00% | 0.00% | 0.00% |
SDMZX PGIM Short Duration Multi-Sector Bond Fund | 4.30% | 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
SDMZX and CDSRX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SDMZX has higher volatility (0.52%) compared to CDSRX (0.46%). In terms of maximum drawdown, SDMZX dropped -9.76% vs CDSRX's -9.96%.
CDSRX currently has the higher Sharpe Ratio (1.85 vs 1.33), 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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