PGIM Floating Rate Income ETF (PFRL) belongs to the Bank Loan category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with PFRL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PFRL
PFRL charges 0.72% annually. There are 16 ETFs in the Bank Loan category with lower expense ratios, going as low as 0.40%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR S&P Leveraged Loan ETF | 0.40% | 44.48M | Nov 2025 | PFRL vs LVLN | |
| iShares Broad USD Floating Rate Loan ETF | 0.43% | — | Mar 2026 | PFRL vs USLN | |
| Regan Floating Rate MBS ETF | 0.49% | 154.00M | Feb 2024 | PFRL vs MBSF | |
| Polen Floating Rate Income ETF | 0.49% | 10.22M | Jun 2022 | PFRL vs PCFI | |
| BlackRock Floating Rate Loan ETF | 0.55% | 53.66M | Oct 2022 | PFRL vs BRLN |
Best Risk-Adjusted Alternatives to PFRL
PFRL has a PortfoliosLab risk / return rank of 93. There is 1 ETF in the Bank Loan category with a higher risk-adjusted rank, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Virtus Seix Senior Loan ETF | 96 | 251.21M | Apr 2019 | PFRL vs SEIX | |
| Pacer Aristotle Pacific Floating Rate High Income ... | 88 | 652.88M | Feb 2015 | PFRL vs FLRT | |
| Regan Floating Rate MBS ETF | 86 | 154.00M | Feb 2024 | PFRL vs MBSF | |
| T. Rowe Price Floating Rate ETF | 82 | 675.28M | Nov 2022 | PFRL vs TFLR | |
| PIMCO Senior Loan Active Exchange-Traded Fund | 80 | 574.01M | Jun 2022 | PFRL vs LONZ |
Top Performing PFRL Alternatives (YTD)
PFRL is at 3.12% YTD. There is 1 ETF in the Bank Loan category with a higher YTD return, going as high as 3.23%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Virtus Seix Senior Loan ETF | 3.23% | 251.21M | Apr 2019 | PFRL vs SEIX | |
| PIMCO Senior Loan Active Exchange-Traded Fund | 2.75% | 574.01M | Jun 2022 | PFRL vs LONZ | |
| Pacer Aristotle Pacific Floating Rate High Income ... | 2.55% | 652.88M | Feb 2015 | PFRL vs FLRT | |
| TCW Senior Loan ETF | 2.55% | 222.10M | Jun 2013 | PFRL vs SLNZ | |
| Regan Floating Rate MBS ETF | 2.47% | 154.00M | Feb 2024 | PFRL vs MBSF |
Lowest Volatility Alternatives to PFRL
PFRL has 1.96% 1-year volatility. There are 3 ETFs in the Bank Loan category with lower 1-year volatility, going as low as 1.50%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Pacer Aristotle Pacific Floating Rate High Income ... | 1.50% | 652.88M | Feb 2015 | PFRL vs FLRT | |
| Virtus Seix Senior Loan ETF | 1.63% | 251.21M | Apr 2019 | PFRL vs SEIX | |
| Eaton Vance Floating-Rate ETF | 1.88% | 1.40B | Feb 2024 | PFRL vs EVLN | |
| T. Rowe Price Floating Rate ETF | 2.00% | 675.28M | Nov 2022 | PFRL vs TFLR | |
| First Trust Senior Loan Fund | 2.15% | 2.32B | May 2013 | PFRL vs FTSL |
Lowest Drawdown Alternatives to PFRL
PFRL has a 1-year max drawdown of -1.25%. There are 2 ETFs in the Bank Loan category with shallower 1-year drawdowns, going as shallow as -0.79%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Regan Floating Rate MBS ETF | -0.79% | 154.00M | Feb 2024 | PFRL vs MBSF | |
| Virtus Seix Senior Loan ETF | -1.13% | 251.21M | Apr 2019 | PFRL vs SEIX | |
| Eaton Vance Floating-Rate ETF | -1.77% | 1.40B | Feb 2024 | PFRL vs EVLN | |
| Pacer Aristotle Pacific Floating Rate High Income ... | -1.78% | 652.88M | Feb 2015 | PFRL vs FLRT | |
| BlackRock Floating Rate Loan ETF | -2.00% | 53.66M | Oct 2022 | PFRL vs BRLN |
Other ETFs from PGIM
The 10 most viewed PGIM ETFs shown here include PAAA, PULS, PHYL and span 7 categories. AUM among these funds goes as high as $18B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| PGIM AAA CLO ETF | CLO | 99 | 2.80% | 11.25B | Jul 2023 | PFRL vs PAAA | |
| PGIM Ultra Short Bond ETF | Ultrashort Bond | 99 | 2.43% | 18.30B | Apr 2018 | PFRL vs PULS | |
| PGIM Active High Yield Bond ETF | High Yield Bonds | 58 | 2.08% | 1.39B | Sep 2018 | PFRL vs PHYL | |
| PGIM Short Duration Multi-Sector Bond ETF | Multisector Bonds | 89 | 1.75% | — | Jul 2023 | PFRL vs PSDM | |
| PGIM Laddered S&P 500 Buffer 12 ETF | Defined Outcome, S&P 500 | 89 | 8.45% | 223.70M | Jun 2024 | PFRL vs BUFP | |
| PGIM Laddered S&P 500 Buffer 20 ETF | Defined Outcome, S&P 500 | 93 | 6.30% | 203.06M | Jun 2024 | PFRL vs PBFR | |
| PGIM Ultra Short Municipal Bond ETF | Municipal Bonds | 90 | 1.64% | 106.99M | Jun 2024 | PFRL vs PUSH | |
| PGIM Short Duration High Yield ETF | High Yield Bonds | 76 | 2.71% | 173.89M | Dec 2023 | PFRL vs PSH | |
| PGIM S&P 500 Max Buffer ETF - April | Defined Outcome | 99 | 4.09% | — | Mar 2025 | PFRL vs PMAP | |
| PGIM S&P 500 Max Buffer ETF - May | Defined Outcome, S&P 500 | 98 | 3.03% | — | Apr 2025 | PFRL vs PMMY |
Often Compared With PFRL
Investors most often compare PFRL with FRFZX, JAAA, CLOZ. These 20 comparison targets span 15 categories, based on PortfoliosLab usage data.
Compare PFRL with Any Fund or Stock
Compare PFRL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PFRL with funds that move differently
PGIM Floating Rate Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PFRL.
Explore PFRL Diversifiers