PGIM AAA CLO ETF (PAAA)
PAAA is an actively managed ETF by PGIM. PAAA launched on Jul 19, 2023 and has a 0.19% expense ratio.
ETF Info
| ISIN | US69344A8348 |
|---|---|
| Issuer | PGIM |
| Inception Date | Jul 19, 2023 |
| Category | Ultrashort Bond |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Asset Class | Bond |
Expense Ratio
PAAA has an expense ratio of 0.19%, which is considered low compared to other funds.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: PAAA vs. ENIAX, PAAA vs. VRIG, PAAA vs. CLOA, PAAA vs. CLOI, PAAA vs. PULS, PAAA vs. JBBB
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in PGIM AAA CLO ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
PGIM AAA CLO ETF had a return of 5.34% year-to-date (YTD) and 8.06% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.34% | 18.13% |
| 1 month | 0.50% | 1.45% |
| 6 months | 3.59% | 8.81% |
| 1 year | 8.06% | 26.52% |
| 5 years (annualized) | N/A | 13.43% |
| 10 years (annualized) | N/A | 10.88% |
Monthly Returns
The table below presents the monthly returns of PAAA, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.71% | 0.71% | 0.51% | 0.59% | 0.84% | 0.52% | 0.52% | 0.53% | 5.34% | ||||
| 2023 | 0.05% | 0.80% | 0.56% | 0.55% | 0.88% | 0.92% | 3.82% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of PAAA is 99, placing it in the top 1% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for PGIM AAA CLO ETF (PAAA) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
PGIM AAA CLO ETF granted a 6.29% dividend yield in the last twelve months. The annual payout for that period amounted to $3.21 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $3.21 | $1.39 |
Dividend yield | 6.29% | 2.74% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.28 | $0.27 | $0.30 | $0.27 | $0.28 | $0.22 | $0.24 | $0.24 | $2.11 | |||
| 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.
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 0.27%, occurring on Feb 8, 2024. Recovery took 9 trading sessions.
The current PGIM AAA CLO ETF drawdown is 0.02%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -0.27% | Feb 8, 2024 | 1 | Feb 8, 2024 | 9 | Feb 22, 2024 | 10 |
| -0.17% | Nov 27, 2023 | 2 | Nov 28, 2023 | 1 | Nov 29, 2023 | 3 |
| -0.09% | Mar 6, 2024 | 1 | Mar 6, 2024 | 5 | Mar 13, 2024 | 6 |
| -0.08% | Aug 12, 2024 | 1 | Aug 12, 2024 | 1 | Aug 13, 2024 | 2 |
| -0.06% | Jan 24, 2024 | 2 | Jan 25, 2024 | 2 | Jan 29, 2024 | 4 |
Volatility
Volatility Chart
The current PGIM AAA CLO ETF volatility is 0.15%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.