Returns
| Series | 1 week | 1 month | 3 months | 6 months | YTD | 1 year | 3 years (ann.) | 5 years (ann.) | 10 years | Since inception (ann.) |
|---|---|---|---|---|---|---|---|---|---|---|
| Market-price return | -0.46% | -2.64% | -5.50% | -6.84% | -8.15% | -10.17% | +2.23% | -4.12% | — | -4.65% |
| Market-price total return | -0.46% | -2.64% | -4.22% | -3.65% | -3.09% | -2.71% | +10.59% | +3.92% | — | +3.09% |
| NAV return | -0.12% | -1.12% | -2.90% | -4.18% | -5.00% | -5.80% | +0.32% | -3.22% | — | -3.14% |
| NAV total return | -0.12% | -1.12% | -1.67% | -1.13% | -0.15% | +1.46% | +7.80% | +4.09% | — | +4.14% |
Performance through Oct 14, 2026. Price and NAV returns are simple changes; total returns reinvest each distribution at the series value on its ex-date (first observation on/after). Periods of one year or less are cumulative; longer periods are annualised. Series are built from unadjusted prices plus the distribution record so no distribution is counted twice. Corporate actions: the vendor price series is split-adjusted; rights offerings and mergers are not restated — check Corporate Actions.
Growth of $10,000, five years
Risk statistics
| Statistic | Market price | NAV | Specification |
|---|---|---|---|
| Volatility, 1 year | 0.08% | 0.03% | annualised SD of daily total returns, √252 |
| Volatility, 3 years | 0.09% | 0.04% | as above |
| Volatility, 5 years | 0.10% | 0.05% | as above |
| Maximum drawdown, 3 years | -9.23% | -4.21% | peak-to-trough on the total-return index |
| Sharpe ratio, 3 years | 0.68 | 1.02 | excess over FRED DGS3MO (window average) (avg 4.52%), annualised |
| Sortino ratio, 3 years | 0.98 | 1.49 | downside deviation of excess returns |
| Beta vs. benchmark proxy, 3 years | 0.55 | — | AGG (U.S. aggregate bond ETF proxy), daily, aligned dates |
| Correlation, 3 years | 0.32 | — | as above |
| Observations (3y) | 751 | — | minimum 60; rankings require 500 |
Market-price and NAV volatility are different quantities and are never mixed. NAV volatility for funds holding stale-marked or illiquid assets can understate economic risk.
CEF Explorer research page for PGIM Short Duration High Yield Opportunities Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.