PSH vs VOO
PSH vs VOO
PGIM Short Duration High Yield ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | PSH | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.03% | |
| AUM | $173M | $979.0B | |
| Dividend Yield | 7.18% | 1.09% | |
| Holdings | 604 | 509 | |
| YTD Return | -1.24% | +13.31% | |
| 1Y Return | +0.68% | +24.01% | |
| 3Y Return (annualized) | - | +21.17% | |
| 5Y Return (annualized) | - | +13.34% | |
| Volatility (annualized) | 8.7% | 14.1% | |
| Max Drawdown | -14.0% | -34.3% | |
| Fund Family | PGIM Investments | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Dec 14, 2023 | Sep 7, 2010 |
PSH vs VOO Performance
PGIM Short Duration High Yield ETF (PSH) is a ETF from PGIM Investments and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year PSH returned +0.68% while VOO returned +24.01%. Year to date, PSH is down 1.24% versus a gain of 13.31% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 8.7% for PSH. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -14.0% for PSH and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.17. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PSH charges 0.45% per year while VOO charges 0.03%. On a $10,000 position that is $45 vs $3 annually, a gap of $42 per year that compounds over a long holding period. On income, PSH currently yields 7.18% against 1.09% for VOO.
Holdings Overlap
PSH and VOO share 1 holdings out of 868 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in PSH | Weight in VOO | Difference |
|---|---|---|---|
| GEN | 0.53% | 0.02% | 0.51% |
Frequently Asked Questions
Which is cheaper, PSH or VOO?
PSH has an expense ratio of 0.45% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $42 per year of difference.
Which performed better, PSH or VOO?
Over the past year PSH returned +0.68% vs +24.01% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (3 years), PSH annualized -0.38% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, PSH or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 8.7% for PSH. Worst drawdown: PSH -14.0% vs VOO -34.3%.
Should I hold both PSH and VOO?
PSH and VOO have a monthly-return correlation of 0.17, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PSH and VOO?
PSH and VOO share 1 common holdings with a 0.0% weight overlap. Combined, they hold 868 unique securities.
Which pays a higher dividend, PSH or VOO?
PSH yields 7.18% while VOO yields 1.09%, so PSH currently pays the higher dividend yield.
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