SDMZX vs. PDBZX
Compare and contrast key facts about PGIM Short Duration Multi-Sector Bond Fund (SDMZX) and PGIM Total Return Bond Fund Class Z (PDBZX).
SDMZX is managed by PGIM. It was launched on Dec 23, 2013. PDBZX is managed by PGIM. It was launched on Jan 14, 1997.
Performance
SDMZX vs. PDBZX - Performance Comparison
Loading graphics...
SDMZX vs. PDBZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SDMZX PGIM Short Duration Multi-Sector Bond Fund | -0.26% | 6.18% | 5.64% | 6.25% | -4.82% | -0.19% | 3.97% | 7.92% | 0.95% | 3.96% |
PDBZX PGIM Total Return Bond Fund Class Z | -0.53% | 7.70% | 2.87% | 7.70% | -14.33% | -1.46% | 8.01% | 14.76% | -0.72% | 6.60% |
Returns By Period
In the year-to-date period, SDMZX achieves a -0.26% return, which is significantly higher than PDBZX's -0.53% return. Over the past 10 years, SDMZX has outperformed PDBZX with an annualized return of 3.13%, while PDBZX has yielded a comparatively lower 2.93% annualized return.
SDMZX
- 1D
- 0.11%
- 1M
- -1.22%
- YTD
- -0.26%
- 6M
- 1.04%
- 1Y
- 4.25%
- 3Y*
- 5.41%
- 5Y*
- 2.69%
- 10Y*
- 3.13%
PDBZX
- 1D
- 0.50%
- 1M
- -2.52%
- YTD
- -0.53%
- 6M
- 0.58%
- 1Y
- 4.25%
- 3Y*
- 4.79%
- 5Y*
- 1.00%
- 10Y*
- 2.93%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SDMZX vs. PDBZX - Expense Ratio Comparison
SDMZX has a 0.46% expense ratio, which is lower than PDBZX's 0.49% expense ratio.
Return for Risk
SDMZX vs. PDBZX — Risk / Return Rank
SDMZX
PDBZX
SDMZX vs. PDBZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Short Duration Multi-Sector Bond Fund (SDMZX) and PGIM Total Return Bond Fund Class Z (PDBZX). 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 | PDBZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.21 | 1.04 | +1.17 |
Sortino ratioReturn per unit of downside risk | 3.89 | 1.48 | +2.41 |
Omega ratioGain probability vs. loss probability | 1.54 | 1.18 | +0.35 |
Calmar ratioReturn relative to maximum drawdown | 3.30 | 1.75 | +1.55 |
Martin ratioReturn relative to average drawdown | 13.64 | 5.12 | +8.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| SDMZX | PDBZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | 1.04 | +1.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.17 | 0.17 | +1.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.28 | 0.55 | +0.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.22 | 1.09 | +0.13 |
Correlation
The correlation between SDMZX and PDBZX is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SDMZX vs. PDBZX - Dividend Comparison
SDMZX's dividend yield for the trailing twelve months is around 4.30%, more than PDBZX's 4.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PDBZX PGIM Total Return Bond Fund Class Z | 4.19% | 4.54% | 4.79% | 4.60% | 5.73% | 2.73% | 2.94% | 10.36% | 4.01% | 2.87% | 3.92% | 3.33% |
Drawdowns
SDMZX vs. PDBZX - Drawdown Comparison
The maximum SDMZX drawdown since its inception was -9.76%, smaller than the maximum PDBZX drawdown of -20.88%. Use the drawdown chart below to compare losses from any high point for SDMZX and PDBZX.
Loading graphics...
Drawdown Indicators
| SDMZX | PDBZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.76% | -20.88% | +11.12% |
Max Drawdown (1Y)Largest decline over 1 year | -1.44% | -3.06% | +1.62% |
Max Drawdown (5Y)Largest decline over 5 years | -8.51% | -20.81% | +12.30% |
Max Drawdown (10Y)Largest decline over 10 years | -9.76% | -20.88% | +11.12% |
Current DrawdownCurrent decline from peak | -1.22% | -2.52% | +1.30% |
Average DrawdownAverage peak-to-trough decline | -1.00% | -2.31% | +1.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.35% | 1.05% | -0.70% |
Volatility
SDMZX vs. PDBZX - Volatility Comparison
The current volatility for PGIM Short Duration Multi-Sector Bond Fund (SDMZX) is 0.70%, while PGIM Total Return Bond Fund Class Z (PDBZX) has a volatility of 1.72%. This indicates that SDMZX experiences smaller price fluctuations and is considered to be less risky than PDBZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| SDMZX | PDBZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 1.72% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 1.40% | 2.71% | -1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.12% | 4.59% | -2.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.30% | 6.00% | -3.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.46% | 5.34% | -2.88% |