SDMZX vs. SHY
Compare and contrast key facts about PGIM Short Duration Multi-Sector Bond Fund (SDMZX) and iShares 1-3 Year Treasury Bond ETF (SHY).
SDMZX is managed by PGIM Investments. It was launched on Dec 23, 2013. SHY is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 1-3 Year Treasury Bond Index. It was launched on Jul 22, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SDMZX or SHY.
Key characteristics
| SDMZX | SHY | |
|---|---|---|
| YTD Return | 4.99% | 3.55% |
| 1Y Return | 9.18% | 6.23% |
| 3Y Return (Ann) | 2.26% | 1.11% |
| 5Y Return (Ann) | 2.32% | 1.24% |
| 10Y Return (Ann) | 2.60% | 1.19% |
| Sharpe Ratio | 4.36 | 3.20 |
| Sortino Ratio | 8.27 | 5.23 |
| Omega Ratio | 2.32 | 1.69 |
| Calmar Ratio | 3.33 | 1.98 |
| Martin Ratio | 36.98 | 21.31 |
| Ulcer Index | 0.24% | 0.29% |
| Daily Std Dev | 2.08% | 1.95% |
| Max Drawdown | -9.76% | -5.71% |
| Current Drawdown | -0.67% | -0.60% |
Correlation
The correlation between SDMZX and SHY is 0.53, 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. SHY - Performance Comparison
In the year-to-date period, SDMZX achieves a 4.99% return, which is significantly higher than SHY's 3.55% return. Over the past 10 years, SDMZX has outperformed SHY with an annualized return of 2.60%, while SHY has yielded a comparatively lower 1.19% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SDMZX vs. SHY - Expense Ratio Comparison
SDMZX has a 0.46% expense ratio, which is higher than SHY's 0.15% expense ratio.
Risk-Adjusted Performance
SDMZX vs. SHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Short Duration Multi-Sector Bond Fund (SDMZX) and iShares 1-3 Year Treasury Bond ETF (SHY). 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. SHY - Dividend Comparison
SDMZX's dividend yield for the trailing twelve months is around 4.48%, more than SHY's 3.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SDMZX PGIM Short Duration Multi-Sector Bond Fund | 4.48% | 4.34% | 4.22% | 3.00% | 3.10% | 4.92% | 3.45% | 2.63% | 2.79% | 3.30% | 3.23% | 0.00% |
SHY iShares 1-3 Year Treasury Bond ETF | 3.78% | 2.99% | 1.30% | 0.26% | 0.94% | 2.12% | 1.72% | 0.98% | 0.71% | 0.54% | 0.36% | 0.26% |
Drawdowns
SDMZX vs. SHY - Drawdown Comparison
The maximum SDMZX drawdown since its inception was -9.76%, which is greater than SHY's maximum drawdown of -5.71%. Use the drawdown chart below to compare losses from any high point for SDMZX and SHY. For additional features, visit the drawdowns tool.
Volatility
SDMZX vs. SHY - Volatility Comparison
PGIM Short Duration Multi-Sector Bond Fund (SDMZX) and iShares 1-3 Year Treasury Bond ETF (SHY) have volatilities of 0.55% and 0.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.