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Performance
PAAA Performance Chart
PGIM AAA CLO ETF (PAAA) is up 2.1% since the beginning of the year. PAAA is currently trading at $51 per share.
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Returns By Period
PGIM AAA CLO ETF (PAAA) has returned 2.08% so far this year and 5.29% over the past 12 months.
PGIM AAA CLO ETF
- 1D
- 0.06%
- 1M
- 0.40%
- YTD
- 2.08%
- 6M
- 2.50%
- 1Y
- 5.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.25%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- 24.32%
- 3Y*
- 19.90%
- 5Y*
- 11.79%
- 10Y*
- 13.33%
PAAA Monthly Returns History
Based on dividend-adjusted daily data since Jul 26, 2023, PAAA's average daily return is +0.03%, while the average monthly return is +0.51%. At this rate, an investment would double in approximately 11.4 years.
Historically, 100% of months were positive and 0% were negative. The best month was Dec 2023 with a return of +0.9%, while the worst month was Jul 2023 at 0.1%. The longest winning streak lasted 36 consecutive months, and the longest losing streak was 0 months.
On a daily basis, PAAA closed higher 74% of trading days. The best single day was May 1, 2025 with a return of +0.3%, while the worst single day was Apr 10, 2025 at -0.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.55% | 0.24% | 0.20% | 0.59% | 0.41% | 0.08% | 2.08% | ||||||
| 2025 | 0.63% | 0.28% | 0.10% | 0.22% | 0.85% | 0.55% | 0.47% | 0.54% | 0.41% | 0.38% | 0.39% | 0.44% | 5.37% |
| 2024 | 0.71% | 0.71% | 0.51% | 0.59% | 0.84% | 0.52% | 0.52% | 0.53% | 0.62% | 0.56% | 0.58% | 0.54% | 7.47% |
| 2023 | 0.05% | 0.80% | 0.57% | 0.54% | 0.88% | 0.93% | 3.83% |
Benchmark Metrics
PGIM AAA CLO ETF has an annualized alpha of 6.19%, beta of 0.02, and R2 of 0.12 versus S&P 500 Index. Calculated based on daily prices since July 27, 2023.
- This ETF captured 13.31% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -18.18%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.02 may look defensive, but with R2 of 0.12 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.12 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 6.19%
- Beta
- 0.02
- R²
- 0.12
- Upside Capture
- 13.31%
- Downside Capture
- -18.18%
Expense Ratio
PAAA has an expense ratio of 0.19%, which is considered low.
Return for Risk
Risk / Return Rank
PAAA ranks 99 for risk / return — in the top 99% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for PGIM AAA CLO ETF (PAAA) and compare them to S&P 500 Index.
| PAAA | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +8.85 | ||
| Sortino ratioReturn per unit of downside risk | +19.20 | ||
| Omega ratioGain probability vs. loss probability | 6.69 | 1.36 | +5.33 |
| Calmar ratioReturn relative to maximum drawdown | 30.50 | 2.69 | +27.81 |
| Martin ratioReturn relative to average drawdown | 188.56 | 12.34 | +176.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
PGIM AAA CLO ETF provided a 4.88% dividend yield over the last twelve months, with an annual payout of $2.51 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $2.51 | $2.63 | $3.01 | $1.39 |
Dividend yield | 4.88% | 5.12% | 5.88% | 2.76% |
Monthly Dividends
The table displays the monthly dividend distributions for PGIM AAA CLO ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.19 | $0.39 | $0.19 | $0.19 | $0.00 | $0.97 | ||||||
| 2025 | $0.00 | $0.21 | $0.19 | $0.23 | $0.22 | $0.23 | $0.22 | $0.22 | $0.23 | $0.22 | $0.22 | $0.42 | $2.63 |
| 2024 | $0.00 | $0.28 | $0.27 | $0.30 | $0.27 | $0.28 | $0.22 | $0.24 | $0.24 | $0.25 | $0.20 | $0.45 | $3.01 |
| 2023 | $0.29 | $0.23 | $0.29 | $0.59 | $1.39 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the PGIM AAA CLO ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the PGIM AAA CLO ETF was 1.04%, occurring on Apr 10, 2025. Recovery took 10 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -1.04%Apr 2025 | 7d | 15d | 22dApr 2025 - Apr 2025 |
2024 pullback2024 | -0.27%Feb 2024 | 0s | 14d | 14dFeb 2024 - Feb 2024 |
2025 selloff2025 | -0.25%Mar 2025 | 14d | 3d | 17dMar 2025 - Mar 2025 |
2026 pullback2026 | -0.17%Mar 2026 | 4d | 14d | 18dFeb 2026 - Mar 2026 |
2023 pullback2023 | -0.17%Nov 2023 | 1d | 1d | 2dNov 2023 - Nov 2023 |
Drawdown Indicators
| PAAA | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.04% | -56.78% | +55.74% |
Max Drawdown (1Y)Largest decline over 1 year | -0.17% | -9.10% | +8.93% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.97% | +2.97% |
Average DrawdownAverage peak-to-trough decline | -0.02% | -10.72% | +10.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 1.97% | -1.94% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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