PGIM Short Duration High Yield ETF (PSH) Performance
PSH total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +1.2% since Dec 31, 2025
- 1 year
- +2.1% total return
- Since first price
- +17.8% since 2023
PSH trailing returns vs AGG, TLT, SPY
| Period | PSH total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | −0.5% | −1.0% | +0.9% | +1.5% | −1.0% |
| 3 months | −0.5% | −2.0% | −0.4% | −1.0% | +3.2% |
| 6 months | −0.0% | −2.9% | −1.5% | −3.8% | +7.8% |
| YTD | +1.2% | −3.1% | −1.0% | −3.4% | +12.3% |
| 1 year | +2.1% | −3.6% | −1.1% | −6.9% | +14.4% |
| Since inceptionDec 19, 2023 | +17.8% | −2.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: PSH vs AGG
From Dec 19, 2023: PSH grew to $11,779, AGG to $10,825.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PSH returns by calendar year
2 of 2 full years positive. Best 2024 (+8.0%), worst 2025 (+7.3%). 2026 is year to date.
PSH annual returns table
| Year | PSH | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +1.2% | −1.7% | −1.0% | −3.4% | +12.3% |
| 2025 | +7.3% | −3.1% | +7.2% | +4.3% | +17.7% |
| 2024 | +8.0% | −0.9% | +1.3% | −8.1% | +24.9% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
PSH risk statistics
| Statistic | Since 2023 |
|---|---|
| Annualized return | +5.9% |
| Volatility (annualized) | 2.3% |
| Sharpe ratio | 0.65 |
| Sortino ratio | 0.97 |
| Best month | +1.5% |
| Worst month | −1.7% |
| Best 12 months | +9.0% |
| Worst 12 months | +2.0% |
| Positive months | 85% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
PSH rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 23 | +2.0% | +7.2% | +9.0% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
PSH performance overview
PGIM Short Duration High Yield ETF (PSH) returned +2.1% over the past year, with distributions reinvested. Since its first recorded price on Dec 19, 2023 it has returned +17.8%. Over the same year U.S. bonds (AGG) returned −1.1%.
Related: PSH chart, PSH dividends, PSH bond profile. See the PSH overview for the latest quote and fund facts.
PSH performance FAQ
What is the PSH return over the past year?
PSH returned +2.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 3.6%.
How much would $10,000 invested in PSH be worth?
$10,000 invested in PSH at its first recorded close on December 19, 2023 would be worth about $11,779 on October 23, 2026 with distributions reinvested.
What was the worst year for PSH?
The worst calendar year was 2025, with a total return of +7.3%. The best was 2024 at +8.0%.
How volatile is PSH?
Over the past history PSH had an annualized volatility of 2.3% and a Sharpe ratio of 0.65 (excess return over 1–3 month T-bills per unit of risk).