- ISIN
- US69344A7019
- Issuer
- PGIM
- Inception Date
- Apr 12, 2021
- Region
- North America (U.S.)
- Category
- Intermediate Core Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $72M
Share Price Chart
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Performance
PAB Performance Chart
PGIM Active Aggregate Bond ETF (PAB) is up 0.3% since the beginning of the year. PAB is currently trading at $42 per share. Investors who bought $1,000 worth of PAB shares 5 years ago would now be looking at an investment worth $1,006.
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Returns By Period
PGIM Active Aggregate Bond ETF (PAB) has returned 0.34% so far this year and 4.77% over the past 12 months.
PGIM Active Aggregate Bond ETF
- 1D
- -0.24%
- 1M
- 0.57%
- YTD
- 0.34%
- 6M
- 0.51%
- 1Y
- 4.77%
- 3Y*
- 4.41%
- 5Y*
- 0.12%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PAB Monthly Returns History
Based on dividend-adjusted daily data since Apr 15, 2021, PAB's average daily return is 0.00%, while the average monthly return is +0.04%. At this rate, an investment would double in approximately 144.4 years.
Historically, 51% of months were positive and 49% were negative. The best month was Nov 2023 with a return of +4.6%, while the worst month was Sep 2022 at -4.5%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 5 months.
On a daily basis, PAB closed higher 50% of trading days. The best single day was Nov 10, 2022 with a return of +2.0%, while the worst single day was Jun 13, 2022 at -1.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.26% | 1.64% | -1.80% | 0.04% | 0.33% | -0.11% | 0.34% | ||||||
| 2025 | 0.47% | 2.33% | -0.05% | 0.41% | -0.78% | 1.75% | -0.24% | 1.15% | 1.18% | 0.66% | 0.69% | -0.22% | 7.55% |
| 2024 | -0.18% | -1.18% | 0.97% | -2.59% | 1.82% | 0.96% | 2.28% | 1.57% | 1.36% | -2.52% | 1.19% | -1.65% | 1.89% |
| 2023 | 3.58% | -2.65% | 2.33% | 0.64% | -1.00% | -0.26% | 0.03% | -0.55% | -2.57% | -1.57% | 4.58% | 3.97% | 6.37% |
| 2022 | -2.27% | -1.34% | -3.80% | -3.14% | 0.04% | -1.56% | 2.38% | -2.68% | -4.47% | -1.58% | 3.89% | -0.41% | -14.24% |
| 2021 | -0.32% | 0.26% | 0.99% | 1.07% | -0.17% | -0.90% | -0.03% | 0.27% | -0.26% | 0.90% |
Benchmark Metrics
PGIM Active Aggregate Bond ETF has an annualized alpha of -0.41%, beta of 0.06, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since April 15, 2021.
- This ETF participated in 38.11% of S&P 500 Index downside but only 17.02% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.06 may look defensive, but with R2 of 0.03 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 0.03 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
- -0.41%
- Beta
- 0.06
- R²
- 0.03
- Upside Capture
- 17.02%
- Downside Capture
- 38.11%
Expense Ratio
PAB has an expense ratio of 0.19%, which is considered low.
Return for Risk
Risk / Return Rank
PAB ranks 35 for risk / return — below 35% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for PGIM Active Aggregate Bond ETF (PAB) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PAB | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.37 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 2.78 | -1.11 |
| Martin ratioReturn relative to average drawdown | 4.76 | 12.44 | -7.68 |
Dividends
Dividend History
PGIM Active Aggregate Bond ETF provided a 4.56% dividend yield over the last twelve months, with an annual payout of $1.92 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $1.92 | $1.83 | $1.77 | $1.57 | $1.17 | $1.16 |
Dividend yield | 4.56% | 4.28% | 4.25% | 3.70% | 2.81% | 2.34% |
Monthly Dividends
The table displays the monthly dividend distributions for PGIM Active Aggregate Bond 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 | $0.15 | $0.30 | $0.15 | $0.20 | $0.00 | $0.80 | ||||||
| 2025 | $0.00 | $0.14 | $0.14 | $0.14 | $0.15 | $0.14 | $0.14 | $0.15 | $0.14 | $0.15 | $0.16 | $0.36 | $1.83 |
| 2024 | $0.00 | $0.15 | $0.14 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.14 | $0.14 | $0.30 | $1.77 |
| 2023 | $0.00 | $0.13 | $0.12 | $0.14 | $0.13 | $0.14 | $0.13 | $0.14 | $0.15 | $0.14 | $0.15 | $0.21 | $1.57 |
| 2022 | $0.00 | $0.05 | $0.08 | $0.09 | $0.09 | $0.11 | $0.10 | $0.11 | $0.11 | $0.10 | $0.11 | $0.22 | $1.17 |
| 2021 | $0.10 | $0.06 | $0.07 | $0.08 | $0.07 | $0.08 | $0.70 | $1.16 |
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 Active Aggregate Bond 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 Active Aggregate Bond ETF was 19.27%, occurring on Oct 24, 2022. Recovery took 829 trading sessions.
The current PGIM Active Aggregate Bond ETF drawdown is 1.54%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -19.27%Oct 2022 | 1y 2mo | 3y 3mo | 4y 6moAug 2021 - Feb 2026 |
2026 pullback2026 | -2.86%May 2026 | 2mo 18d | — | 3mo 23dMar 2026 - now |
2021 pullback2021 | -0.82%May 2021 | 5d | 13d | 18dMay 2021 - May 2021 |
2021 pullback2021 | -0.77%Jul 2021 | 1d | 12d | 13dJul 2021 - Aug 2021 |
2021 pullback2021 | -0.74%Jul 2021 | 4d | 6d | 10dJul 2021 - Jul 2021 |
Drawdown Indicators
| PAB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.27% | -56.78% | +37.51% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -9.10% | +6.24% |
Max Drawdown (3Y)Largest decline over 3 years | -5.95% | -18.90% | +12.95% |
Max Drawdown (5Y)Largest decline over 5 years | -19.27% | -25.43% | +6.16% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.54% | -1.80% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -7.77% | -10.71% | +2.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 2.03% | -1.02% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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