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PGIM Floating Rate Income ETF (PFRL) Sharpe Ratio: 3.33

ETF · Currency in USD · Last updated Jun 23, 2026

PFRL is an actively managed ETF by PGIM. PFRL launched on May 17, 2022 and has a 0.72% expense ratio.

PFRL's Sharpe Ratio of 3.33 indicates that for each unit of volatility, it generates 3.33 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 23, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

PFRL Sharpe Ratio Rank

PFRL Sharpe Ratio Rank: 93.794
Exceptional

PFRL ranks above 93.7% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Suitable as a core holding given strong risk-adjusted returns
  • Monitor rank changes to detect deteriorating return-to-volatility profile
  • Exceptional Sharpe ratio supports larger position sizes
  • Compare with category peers to assess whether strength is investment-specific or category-wide

PFRL Sharpe Ratio Market Positioning

The chart shows PFRL's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.86 or lower
  • Yellow zone (middle 50%): 0.86 to 2.31
  • Green zone (top 25%): 2.31 or higher
  • Top 1%: 7.45+
  • Median: 1.68 — half of all investments score higher

How it compares to other similar ETFs

The table compares PGIM Floating Rate Income ETF's Sharpe Ratio with other ETFs in the Bank Loan category across multiple time periods, showing how PFRL's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 23, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
SEIXVirtus Seix Senior Loan ETF3.81
PFRLPGIM Floating Rate Income ETF3.33
TFLRT. Rowe Price Floating Rate ETF2.79
EVLNEaton Vance Floating-Rate ETF2.50
LONZPIMCO Senior Loan Active Exchange-Traded Fund2.35
MBSFRegan Floating Rate MBS ETF2.00
SRLNState Street Blackstone Senior Loan ETF1.79
BRLNBlackRock Floating Rate Loan ETF1.68
BKLNInvesco Senior Loan ETF1.62
SLNZTCW Senior Loan ETF1.06

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows PFRL's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when PFRL consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does PFRL fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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