SDMZX vs. EIBAX
Compare and contrast key facts about PGIM Short Duration Multi-Sector Bond Fund (SDMZX) and Eaton Vance Total Return Bond Fund (EIBAX).
SDMZX is managed by PGIM. It was launched on Dec 23, 2013. EIBAX is managed by Eaton Vance. It was launched on Nov 17, 2009.
Performance
SDMZX vs. EIBAX - Performance Comparison
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SDMZX vs. EIBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SDMZX PGIM Short Duration Multi-Sector Bond Fund | -0.15% | 6.18% | 5.64% | 6.25% | -4.82% | -0.19% | 3.97% | 7.92% | 0.95% | 3.96% |
EIBAX Eaton Vance Total Return Bond Fund | -0.62% | 9.15% | 4.38% | 5.59% | -12.88% | 3.02% | 5.89% | 10.84% | -0.84% | 7.72% |
Returns By Period
In the year-to-date period, SDMZX achieves a -0.15% return, which is significantly higher than EIBAX's -0.62% return. Over the past 10 years, SDMZX has underperformed EIBAX with an annualized return of 3.14%, while EIBAX has yielded a comparatively higher 3.78% annualized return.
SDMZX
- 1D
- 0.11%
- 1M
- -0.89%
- YTD
- -0.15%
- 6M
- 1.04%
- 1Y
- 4.37%
- 3Y*
- 5.45%
- 5Y*
- 2.69%
- 10Y*
- 3.14%
EIBAX
- 1D
- 0.29%
- 1M
- -1.97%
- YTD
- -0.62%
- 6M
- 0.44%
- 1Y
- 5.14%
- 3Y*
- 5.11%
- 5Y*
- 1.39%
- 10Y*
- 3.78%
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SDMZX vs. EIBAX - Expense Ratio Comparison
SDMZX has a 0.46% expense ratio, which is lower than EIBAX's 0.49% expense ratio.
Return for Risk
SDMZX vs. EIBAX — Risk / Return Rank
SDMZX
EIBAX
SDMZX vs. EIBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Short Duration Multi-Sector Bond Fund (SDMZX) and Eaton Vance Total Return Bond Fund (EIBAX). 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.
| SDMZX | EIBAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.11 | 1.27 | +0.83 |
Sortino ratioReturn per unit of downside risk | 3.67 | 1.84 | +1.84 |
Omega ratioGain probability vs. loss probability | 1.51 | 1.23 | +0.28 |
Calmar ratioReturn relative to maximum drawdown | 3.30 | 1.84 | +1.46 |
Martin ratioReturn relative to average drawdown | 13.37 | 6.68 | +6.69 |
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
| SDMZX | EIBAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.11 | 1.27 | +0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.18 | 0.27 | +0.91 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.28 | 0.81 | +0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.22 | 0.81 | +0.42 |
Correlation
The correlation between SDMZX and EIBAX is 0.68, 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
SDMZX vs. EIBAX - Dividend Comparison
SDMZX's dividend yield for the trailing twelve months is around 4.29%, less than EIBAX's 4.76% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SDMZX PGIM Short Duration Multi-Sector Bond Fund | 4.29% | 4.62% | 4.57% | 3.36% | 4.70% | 2.76% | 3.10% | 6.18% | 3.47% | 2.64% | 2.76% | 3.34% |
EIBAX Eaton Vance Total Return Bond Fund | 4.76% | 5.13% | 5.58% | 4.01% | 4.04% | 3.49% | 3.87% | 3.97% | 4.16% | 3.55% | 3.90% | 5.69% |
Drawdowns
SDMZX vs. EIBAX - Drawdown Comparison
The maximum SDMZX drawdown since its inception was -9.76%, smaller than the maximum EIBAX drawdown of -17.20%. Use the drawdown chart below to compare losses from any high point for SDMZX and EIBAX.
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Drawdown Indicators
| SDMZX | EIBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.76% | -17.20% | +7.44% |
Max Drawdown (1Y)Largest decline over 1 year | -1.44% | -3.26% | +1.82% |
Max Drawdown (5Y)Largest decline over 5 years | -8.51% | -16.91% | +8.40% |
Max Drawdown (10Y)Largest decline over 10 years | -9.76% | -17.20% | +7.44% |
Current DrawdownCurrent decline from peak | -1.11% | -2.52% | +1.41% |
Average DrawdownAverage peak-to-trough decline | -1.00% | -3.53% | +2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 0.90% | -0.54% |
Volatility
SDMZX vs. EIBAX - Volatility Comparison
The current volatility for PGIM Short Duration Multi-Sector Bond Fund (SDMZX) is 0.70%, while Eaton Vance Total Return Bond Fund (EIBAX) has a volatility of 1.69%. This indicates that SDMZX experiences smaller price fluctuations and is considered to be less risky than EIBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDMZX | EIBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 1.69% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 1.41% | 2.70% | -1.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.11% | 4.33% | -2.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.30% | 5.26% | -2.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.46% | 4.69% | -2.23% |