SDMZX vs. USIG
SDMZX (PGIM Short Duration Multi-Sector Bond Fund) and USIG (iShares Broad USD Investment Grade Corporate Bond ETF) are both funds - SDMZX is a Short-Term Bond fund managed by PGIM, while USIG is a Corporate Bonds fund tracking the ICE BofA US Corporate. Over the past 10 years, SDMZX returned 3.10%/yr vs 2.57%/yr for USIG. A 0.58 correlation means they provide meaningful diversification when combined. SDMZX charges 0.46%/yr vs 0.04%/yr for USIG.
Performance
SDMZX vs. USIG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SDMZX achieves a 0.92% return, which is significantly higher than USIG's 0.71% return. Over the past 10 years, SDMZX has outperformed USIG with an annualized return of 3.10%, while USIG has yielded a comparatively lower 2.57% annualized return.
SDMZX
- 1D
- 0.11%
- 1M
- 0.40%
- YTD
- 0.92%
- 6M
- 1.33%
- 1Y
- 4.79%
- 3Y*
- 5.76%
- 5Y*
- 2.76%
- 10Y*
- 3.10%
USIG
- 1D
- -0.20%
- 1M
- 0.66%
- YTD
- 0.71%
- 6M
- 0.83%
- 1Y
- 5.29%
- 3Y*
- 5.41%
- 5Y*
- 0.59%
- 10Y*
- 2.57%
SDMZX vs. USIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SDMZX PGIM Short Duration Multi-Sector Bond Fund | 0.92% | 6.18% | 5.64% | 6.25% | -4.82% | -0.19% | 3.97% | 7.92% | 0.95% | 3.96% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 0.71% | 7.86% | 2.56% | 8.71% | -15.30% | -1.34% | 9.44% | 13.99% | -2.21% | 5.75% |
Correlation
The correlation between SDMZX and USIG is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.58 |
The correlation between SDMZX and USIG has been stable across timeframes, ranging from 0.58 to 0.63 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SDMZX vs. USIG — Risk / Return Rank
SDMZX
USIG
SDMZX vs. USIG - Risk-Adjusted Trends 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SDMZX | USIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.23 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 1.90 | +0.82 |
| Martin ratioReturn relative to average drawdown | 9.79 | 6.05 | +3.74 |
Loading charts...
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.
Loading charts...
Drawdown Indicators
| SDMZX | USIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.76% | -22.21% | +12.45% |
Max Drawdown (1Y)Largest decline over 1 year | -1.77% | -2.79% | +1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -1.77% | -6.10% | +4.33% |
Max Drawdown (5Y)Largest decline over 5 years | -8.51% | -21.45% | +12.94% |
Max Drawdown (10Y)Largest decline over 10 years | -9.76% | -21.45% | +11.69% |
Current DrawdownCurrent decline from peak | -1.66% | -0.81% | -0.85% |
Average DrawdownAverage peak-to-trough decline | -0.99% | -3.41% | +2.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | 0.88% | -0.39% |
Volatility
SDMZX vs. USIG - Volatility Comparison
PGIM Short Duration Multi-Sector Bond Fund (SDMZX) has a higher volatility of 2.49% compared to iShares Broad USD Investment Grade Corporate Bond ETF (USIG) at 1.14%. This indicates that SDMZX's price experiences larger fluctuations and is considered to be riskier than USIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SDMZX | USIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.49% | 1.14% | +1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 3.13% | -0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.15% | 4.10% | -0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.56% | 6.82% | -4.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.58% | 6.83% | -4.25% |
SDMZX vs. USIG - Expense Ratio Comparison
SDMZX has a 0.46% expense ratio, which is higher than USIG's 0.04% expense ratio.
Dividends
SDMZX vs. USIG - Dividend Comparison
SDMZX's dividend yield for the trailing twelve months is around 4.70%, which matches USIG's 4.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SDMZX PGIM Short Duration Multi-Sector Bond Fund | 4.70% | 4.62% | 4.57% | 3.36% | 4.70% | 2.76% | 3.10% | 6.18% | 3.47% | 2.64% | 2.76% | 3.34% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 4.73% | 4.62% | 4.51% | 3.94% | 3.14% | 2.33% | 2.82% | 3.37% | 3.44% | 3.03% | 2.87% | 3.24% |
Frequently Asked Questions
SDMZX and USIG have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SDMZX has higher volatility (2.49%) compared to USIG (1.14%). In terms of maximum drawdown, SDMZX dropped -9.76% vs USIG's -22.21%.
SDMZX currently has the higher Sharpe Ratio (1.53 vs 1.30), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for SDMZX and USIG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer