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