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Performance
PFRL Performance Chart
PGIM Floating Rate Income ETF (PFRL) is up 2.3% since the beginning of the year. PFRL is currently trading at $50 per share.
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Returns By Period
PGIM Floating Rate Income ETF (PFRL) has returned 2.31% so far this year and 6.38% over the past 12 months.
PGIM Floating Rate Income ETF
- 1D
- -0.02%
- 1M
- 0.49%
- YTD
- 2.31%
- 6M
- 2.78%
- 1Y
- 6.38%
- 3Y*
- 8.48%
- 5Y*
- —
- 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%
PFRL Monthly Returns History
Based on dividend-adjusted daily data since May 24, 2022, PFRL's average daily return is +0.03%, while the average monthly return is +0.64%. At this rate, an investment would double in approximately 9.1 years.
Historically, 82% of months were positive and 18% were negative. The best month was Jan 2023 with a return of +3.1%, while the worst month was Sep 2022 at -2.4%. The longest winning streak lasted 16 consecutive months, and the longest losing streak was 2 months.
On a daily basis, PFRL closed higher 61% of trading days. The best single day was Apr 7, 2025 with a return of +3.7%, while the worst single day was Apr 4, 2025 at -7.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.03% | -0.95% | 0.48% | 1.65% | 0.86% | 0.31% | 2.31% | ||||||
| 2025 | 0.83% | 0.21% | -0.69% | -1.02% | 2.31% | 1.05% | 0.98% | 0.80% | 0.06% | 0.21% | 0.35% | 1.01% | 6.25% |
| 2024 | 1.02% | 1.05% | 1.07% | 0.00% | 1.09% | 0.15% | 0.91% | 0.79% | 0.63% | 0.78% | 1.21% | 0.33% | 9.40% |
| 2023 | 3.09% | 0.66% | -0.54% | 1.00% | 0.06% | 2.33% | 1.58% | 0.99% | 0.23% | -0.33% | 2.03% | 1.94% | 13.75% |
| 2022 | 0.22% | -1.93% | 1.79% | 1.06% | -2.39% | 0.80% | 1.87% | -0.06% | 1.27% |
Benchmark Metrics
PGIM Floating Rate Income ETF has an annualized alpha of 6.22%, beta of 0.11, and R2 of 0.14 versus S&P 500 Index. Calculated based on daily prices since May 24, 2022.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (21.46%) than losses (2.67%) - typical of diversified or defensive assets.
- Beta of 0.11 may look defensive, but with R2 of 0.14 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 0.14 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
- 6.22%
- Beta
- 0.11
- R²
- 0.14
- Upside Capture
- 21.46%
- Downside Capture
- 2.67%
Expense Ratio
PFRL has an expense ratio of 0.72%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PFRL ranks 92 for risk / return — in the top 92% 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 Floating Rate Income ETF (PFRL) 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.
| PFRL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.30 | ||
| Sortino ratioReturn per unit of downside risk | +2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.73 | 1.37 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 5.11 | 2.78 | +2.32 |
| Martin ratioReturn relative to average drawdown | 17.36 | 12.44 | +4.92 |
Dividends
Dividend History
PGIM Floating Rate Income ETF provided a 6.81% dividend yield over the last twelve months, with an annual payout of $3.38 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $3.38 | $3.65 | $4.51 | $4.95 | $1.73 |
Dividend yield | 6.81% | 7.34% | 8.96% | 9.84% | 3.55% |
Monthly Dividends
The table displays the monthly dividend distributions for PGIM Floating Rate Income 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 | $0.24 | $0.48 | $0.25 | $0.23 | $0.00 | $1.20 | ||||||
| 2025 | $0.00 | $0.29 | $0.26 | $0.31 | $0.31 | $0.29 | $0.31 | $0.33 | $0.32 | $0.30 | $0.25 | $0.68 | $3.65 |
| 2024 | $0.00 | $0.42 | $0.41 | $0.35 | $0.36 | $0.37 | $0.33 | $0.35 | $0.37 | $0.34 | $0.34 | $0.85 | $4.51 |
| 2023 | $0.00 | $0.35 | $0.36 | $0.34 | $0.36 | $0.37 | $0.40 | $0.34 | $0.43 | $0.43 | $0.50 | $1.07 | $4.95 |
| 2022 | $0.11 | $0.22 | $0.24 | $0.26 | $0.26 | $0.65 | $1.73 |
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 Floating Rate Income 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 Floating Rate Income ETF was 8.83%, occurring on Apr 4, 2025. Recovery took 34 trading sessions.
The current PGIM Floating Rate Income ETF drawdown is 0.02%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -8.83%Apr 2025 | 1mo 1d | 1mo 19d | 2mo 20dMar 2025 - May 2025 |
Bear market2022 | -3.27%Sep 2022 | 1mo 16d | 3mo 8d | 4mo 24dAug 2022 - Jan 2023 |
Bear market2022 | -3.16%Jul 2022 | 26d | 1mo 1d | 1mo 27dJun 2022 - Aug 2022 |
2023 pullback2023 | -2.22%Mar 2023 | 8d | 1mo 4d | 1mo 12dMar 2023 - Apr 2023 |
2026 pullback2026 | -1.25%Feb 2026 | 1mo 2d | 1mo 16d | 2mo 18dJan 2026 - Apr 2026 |
Drawdown Indicators
| PFRL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.83% | -56.78% | +47.95% |
Max Drawdown (1Y)Largest decline over 1 year | -1.25% | -9.10% | +7.85% |
Max Drawdown (3Y)Largest decline over 3 years | -8.83% | -18.90% | +10.07% |
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 | -0.02% | -1.80% | +1.78% |
Average DrawdownAverage peak-to-trough decline | -0.43% | -10.71% | +10.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 2.03% | -1.66% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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