SDMZX vs. USIG
Compare and contrast key facts about PGIM Short Duration Multi-Sector Bond Fund (SDMZX) and iShares Broad USD Investment Grade Corporate Bond ETF (USIG).
SDMZX is managed by PGIM Investments. It was launched on Dec 23, 2013. USIG is a passively managed fund by iShares that tracks the performance of the ICE BofA US Corporate. It was launched on Jan 5, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SDMZX or USIG.
Key characteristics
| SDMZX | USIG | |
|---|---|---|
| YTD Return | 5.11% | 4.36% |
| 1Y Return | 8.92% | 13.13% |
| 3Y Return (Ann) | 2.26% | -1.35% |
| 5Y Return (Ann) | 2.34% | 1.01% |
| 10Y Return (Ann) | 2.62% | 2.50% |
| Sharpe Ratio | 4.28 | 2.21 |
| Sortino Ratio | 8.10 | 3.31 |
| Omega Ratio | 2.28 | 1.40 |
| Calmar Ratio | 3.28 | 0.74 |
| Martin Ratio | 37.05 | 10.96 |
| Ulcer Index | 0.24% | 1.24% |
| Daily Std Dev | 2.09% | 6.15% |
| Max Drawdown | -9.76% | -22.21% |
| Current Drawdown | -0.55% | -5.55% |
Correlation
The correlation between SDMZX and USIG is 0.58, 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. USIG - Performance Comparison
In the year-to-date period, SDMZX achieves a 5.11% return, which is significantly higher than USIG's 4.36% return. Both investments have delivered pretty close results over the past 10 years, with SDMZX having a 2.62% annualized return and USIG not far behind at 2.50%. 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. USIG - Expense Ratio Comparison
SDMZX has a 0.46% expense ratio, which is higher than USIG's 0.04% expense ratio.
Risk-Adjusted Performance
SDMZX vs. USIG - 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 Broad USD Investment Grade Corporate Bond ETF (USIG). 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. USIG - Dividend Comparison
SDMZX's dividend yield for the trailing twelve months is around 4.47%, more than USIG's 4.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SDMZX PGIM Short Duration Multi-Sector Bond Fund | 4.47% | 4.34% | 4.22% | 3.00% | 3.10% | 4.92% | 3.45% | 2.63% | 2.79% | 3.30% | 3.23% | 0.00% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 4.29% | 3.94% | 3.14% | 2.33% | 2.82% | 3.37% | 3.44% | 3.03% | 3.14% | 3.24% | 3.32% | 3.53% |
Drawdowns
SDMZX vs. USIG - Drawdown Comparison
The maximum SDMZX drawdown since its inception was -9.76%, smaller than the maximum USIG drawdown of -22.21%. Use the drawdown chart below to compare losses from any high point for SDMZX and USIG. For additional features, visit the drawdowns tool.
Volatility
SDMZX vs. USIG - Volatility Comparison
The current volatility for PGIM Short Duration Multi-Sector Bond Fund (SDMZX) is 0.55%, while iShares Broad USD Investment Grade Corporate Bond ETF (USIG) has a volatility of 1.21%. This indicates that SDMZX experiences smaller price fluctuations and is considered to be less risky than USIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.