USIG vs. SDMZX
USIG (iShares Broad USD Investment Grade Corporate Bond ETF) and SDMZX (PGIM Short Duration Multi-Sector Bond Fund) are both funds - USIG is a Corporate Bonds fund tracking the ICE BofA US Corporate, while SDMZX is a Short-Term Bond fund managed by PGIM. Over the past 10 years, USIG returned 2.63%/yr vs 3.15%/yr for SDMZX. A 0.58 correlation means they provide meaningful diversification when combined. USIG charges 0.04%/yr vs 0.46%/yr for SDMZX.
Performance
USIG vs. SDMZX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, USIG achieves a 0.56% return, which is significantly lower than SDMZX's 1.15% return. Over the past 10 years, USIG has underperformed SDMZX with an annualized return of 2.63%, while SDMZX has yielded a comparatively higher 3.15% annualized return.
USIG
- 1D
- -0.23%
- 1M
- 0.56%
- YTD
- 0.56%
- 6M
- 0.37%
- 1Y
- 6.04%
- 3Y*
- 5.46%
- 5Y*
- 0.72%
- 10Y*
- 2.63%
SDMZX
- 1D
- 0.00%
- 1M
- 0.40%
- YTD
- 1.15%
- 6M
- 1.56%
- 1Y
- 5.15%
- 3Y*
- 5.84%
- 5Y*
- 2.83%
- 10Y*
- 3.15%
USIG vs. SDMZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 0.56% | 7.86% | 2.56% | 8.71% | -15.30% | -1.34% | 9.44% | 13.99% | -2.21% | 5.75% |
SDMZX PGIM Short Duration Multi-Sector Bond Fund | 1.15% | 6.18% | 5.64% | 6.25% | -4.82% | -0.19% | 3.97% | 7.92% | 0.95% | 3.96% |
Correlation
The correlation between USIG and SDMZX is 0.63, 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 | 0.63 |
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 3, 2014 | 0.58 |
The correlation between USIG and SDMZX 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
USIG vs. SDMZX — Risk / Return Rank
USIG
SDMZX
USIG vs. SDMZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Broad USD Investment Grade Corporate Bond ETF (USIG) and PGIM Short Duration Multi-Sector Bond Fund (SDMZX). 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.
| USIG | SDMZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.54 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 3.58 | -1.41 |
| Martin ratioReturn relative to average drawdown | 7.07 | 14.98 | -7.91 |
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 charts...
Sharpe Ratios by Period
| USIG | SDMZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 1.66 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 1.11 | -1.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 1.23 | -0.84 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 1.20 | -0.67 |
Drawdowns
USIG vs. SDMZX - Drawdown Comparison
The maximum USIG drawdown since its inception was -22.21%, which is greater than SDMZX's maximum drawdown of -9.76%. Use the drawdown chart below to compare losses from any high point for USIG and SDMZX.
Loading charts...
Drawdown Indicators
| USIG | SDMZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.21% | -9.76% | -12.45% |
Max Drawdown (1Y)Largest decline over 1 year | -2.79% | -1.44% | -1.35% |
Max Drawdown (3Y)Largest decline over 3 years | -6.10% | -1.44% | -4.66% |
Max Drawdown (5Y)Largest decline over 5 years | -21.45% | -8.51% | -12.94% |
Max Drawdown (10Y)Largest decline over 10 years | -21.45% | -9.76% | -11.69% |
Current DrawdownCurrent decline from peak | -0.97% | -1.44% | +0.47% |
Average DrawdownAverage peak-to-trough decline | -3.42% | -0.99% | -2.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 0.34% | +0.52% |
Volatility
USIG vs. SDMZX - Volatility Comparison
The current volatility for iShares Broad USD Investment Grade Corporate Bond ETF (USIG) is 1.27%, while PGIM Short Duration Multi-Sector Bond Fund (SDMZX) has a volatility of 2.46%. This indicates that USIG experiences smaller price fluctuations and is considered to be less risky than SDMZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| USIG | SDMZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 2.46% | -1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 3.04% | 2.79% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.13% | 3.12% | +1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.82% | 2.55% | +4.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.82% | 2.58% | +4.24% |
USIG vs. SDMZX - Expense Ratio Comparison
USIG has a 0.04% expense ratio, which is lower than SDMZX's 0.46% expense ratio.
Dividends
USIG vs. SDMZX - Dividend Comparison
USIG's dividend yield for the trailing twelve months is around 4.74%, more than SDMZX's 4.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SDMZX PGIM Short Duration Multi-Sector Bond Fund | 4.69% | 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 | 4.74% | 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
USIG and SDMZX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SDMZX has higher volatility (2.46%) compared to USIG (1.27%). In terms of maximum drawdown, USIG dropped -22.21% vs SDMZX's -9.76%.
SDMZX currently has the higher Sharpe Ratio (1.66 vs 1.47), 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 USIG and SDMZX
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