IRE vs PSDM
Comparison between Daily Target 2X Long IREN (IREN Limited) ETF (IRE, ETF) and PGIM SHORT DURATION MULTI-SECTOR BOND ETF (PSDM, ETF).
IRE vs PSDM - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
IRE
$221M
PSDM
$221M
Expense Ratio
IRE
N/A
PSDM
0.40%
Max Drawdown
IRE
95.22%
Winner
PSDM
2.16%
Sharpe Ratio
IRE
0.06
Winner
PSDM
0.06
5Y Beta
IRE
8.10
Winner
PSDM
0.02
IRE vs PSDM - Historical Returns
Returns include dividend reinvestment.
1M
Winner
IRE
+10.19%
PSDM
+0.78%
3M
IRE
-67.33%
Winner
PSDM
+0.81%
6M
IRE
-56.67%
Winner
PSDM
+1.23%
1Y
IRE
-84.57%
Winner
PSDM
+4.06%
Max(CAGR)
IRE
-89.10%
Winner
PSDM
+5.73%
IRE vs PSDM - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | IRE | PSDM |
|---|---|---|
| 2026 | -64.11% | +2.03% |
| 2025 | -65.76% | +6.19% |
| 2024 | N/A | +5.66% |
| 2023 | N/A | +3.95% |
IRE vs PSDM Drawdown Comparison
The maximum drawdown for IRE was -95.22%, occurring on Jul 29, 2026. This drawdown has not yet recovered.
The maximum drawdown for PSDM was -1.19%, occurring on Mar 20, 2026. Recovery took 28 trading sessions.
The current IRE drawdown is -91.32%.
| Rank | IRE | PSDM |
|---|---|---|
| #1 | -95.22% Nov 5, 2025 - Jul 29, 2026 | -1.19% Feb 27, 2026 - Apr 9, 2026 |
| #2 | -20.31% Oct 27, 2025 - Nov 3, 2025 | -1.18% Apr 3, 2025 - Apr 30, 2025 |
| #3 | -13.78% Oct 21, 2025 - Oct 23, 2025 | -0.84% Sep 27, 2024 - Dec 4, 2024 |
| #4 | -2.53% Nov 3, 2025 - Nov 5, 2025 | -0.71% Jul 16, 2026 - Aug 4, 2026 |
| #5 | N/A | -0.69% Feb 1, 2024 - Mar 7, 2024 |
| #6 | N/A | -0.68% Mar 27, 2024 - May 3, 2024 |
| #7 | N/A | -0.58% May 8, 2026 - May 28, 2026 |
| #8 | N/A | -0.50% Sep 1, 2023 - Nov 1, 2023 |
| #9 | N/A | -0.44% Aug 2, 2024 - Aug 19, 2024 |
| #10 | N/A | -0.41% Dec 6, 2024 - Jan 15, 2025 |
| #11 | N/A | -0.37% Apr 30, 2025 - May 19, 2025 |
| #12 | N/A | -0.37% Mar 4, 2025 - Mar 28, 2025 |
| #13 | N/A | -0.37% Sep 16, 2025 - Oct 14, 2025 |
| #14 | N/A | -0.35% Dec 27, 2023 - Jan 11, 2024 |
| #15 | N/A | -0.35% Jun 1, 2026 - Jun 15, 2026 |
Correlation
Correlation between IRE and PSDM is -0.77 which considered as a strong negative correlation - the stocks tend to move in opposite directions.
-0.77
-101
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