SDMZX vs. FLTB
Compare and contrast key facts about PGIM Short Duration Multi-Sector Bond Fund (SDMZX) and Fidelity Limited Term Bond ETF (FLTB).
SDMZX is managed by PGIM Investments. It was launched on Dec 23, 2013. FLTB is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SDMZX or FLTB.
Correlation
The correlation between SDMZX and FLTB is 0.51, 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.
Performance
SDMZX vs. FLTB - Performance Comparison
Key characteristics
SDMZX:
3.18
FLTB:
3.09
SDMZX:
5.81
FLTB:
4.89
SDMZX:
1.89
FLTB:
1.61
SDMZX:
4.89
FLTB:
4.03
SDMZX:
17.60
FLTB:
17.19
SDMZX:
0.34%
FLTB:
0.42%
SDMZX:
1.90%
FLTB:
2.34%
SDMZX:
-9.76%
FLTB:
-9.37%
SDMZX:
-0.78%
FLTB:
-0.56%
Returns By Period
In the year-to-date period, SDMZX achieves a 0.63% return, which is significantly lower than FLTB's 1.69% return. Over the past 10 years, SDMZX has outperformed FLTB with an annualized return of 2.49%, while FLTB has yielded a comparatively lower 2.11% annualized return.
SDMZX
0.63%
-0.45%
1.43%
5.90%
2.99%
2.49%
FLTB
1.69%
-0.07%
1.70%
7.19%
1.95%
2.11%
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SDMZX vs. FLTB - Expense Ratio Comparison
SDMZX has a 0.46% expense ratio, which is higher than FLTB's 0.36% expense ratio.
Risk-Adjusted Performance
SDMZX vs. FLTB — Risk-Adjusted Performance Rank
SDMZX
FLTB
SDMZX vs. FLTB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Short Duration Multi-Sector Bond Fund (SDMZX) and Fidelity Limited Term Bond ETF (FLTB). 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.
Dividends
SDMZX vs. FLTB - Dividend Comparison
SDMZX's dividend yield for the trailing twelve months is around 4.49%, more than FLTB's 4.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SDMZX PGIM Short Duration Multi-Sector Bond Fund | 4.49% | 4.85% | 4.35% | 4.22% | 3.01% | 3.10% | 3.69% | 3.49% | 2.64% | 2.79% | 3.30% | 3.44% |
FLTB Fidelity Limited Term Bond ETF | 4.21% | 4.11% | 3.20% | 1.63% | 0.89% | 1.56% | 2.67% | 2.50% | 1.78% | 1.59% | 1.63% | 0.35% |
Drawdowns
SDMZX vs. FLTB - Drawdown Comparison
The maximum SDMZX drawdown since its inception was -9.76%, roughly equal to the maximum FLTB drawdown of -9.37%. Use the drawdown chart below to compare losses from any high point for SDMZX and FLTB. For additional features, visit the drawdowns tool.
Volatility
SDMZX vs. FLTB - Volatility Comparison
The current volatility for PGIM Short Duration Multi-Sector Bond Fund (SDMZX) is 0.62%, while Fidelity Limited Term Bond ETF (FLTB) has a volatility of 1.00%. This indicates that SDMZX experiences smaller price fluctuations and is considered to be less risky than FLTB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.