AAA vs. PULS
Compare and contrast key facts about AAF First Priority CLO Bond ETF (AAA) and PGIM Ultra Short Bond ETF (PULS).
AAA and PULS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AAA is an actively managed fund by Alternative Access Funds LLC. It was launched on Sep 9, 2020. PULS is an actively managed fund by Prudential. It was launched on Apr 5, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AAA or PULS.
Performance
AAA vs. PULS - Performance Comparison
Returns By Period
In the year-to-date period, AAA achieves a 5.98% return, which is significantly higher than PULS's 5.47% return.
AAA
5.98%
0.42%
3.12%
7.30%
N/A
N/A
PULS
5.47%
0.41%
2.91%
6.43%
3.10%
N/A
Key characteristics
| AAA | PULS | |
|---|---|---|
| Sharpe Ratio | 3.65 | 12.14 |
| Sortino Ratio | 5.97 | 29.96 |
| Omega Ratio | 1.81 | 7.71 |
| Calmar Ratio | 15.37 | 63.55 |
| Martin Ratio | 69.79 | 391.99 |
| Ulcer Index | 0.10% | 0.02% |
| Daily Std Dev | 1.98% | 0.53% |
| Max Drawdown | -2.63% | -5.85% |
| Current Drawdown | -0.24% | 0.00% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
AAA vs. PULS - Expense Ratio Comparison
AAA has a 0.25% expense ratio, which is higher than PULS's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between AAA and PULS is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
AAA vs. PULS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AAF First Priority CLO Bond ETF (AAA) and PGIM Ultra Short Bond ETF (PULS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
AAA vs. PULS - Dividend Comparison
AAA's dividend yield for the trailing twelve months is around 6.30%, more than PULS's 5.69% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
AAA AAF First Priority CLO Bond ETF | 6.30% | 6.12% | 2.78% | 1.06% | 0.32% | 0.00% | 0.00% |
PULS PGIM Ultra Short Bond ETF | 5.69% | 5.48% | 2.30% | 1.19% | 1.85% | 2.92% | 1.87% |
Drawdowns
AAA vs. PULS - Drawdown Comparison
The maximum AAA drawdown since its inception was -2.63%, smaller than the maximum PULS drawdown of -5.85%. Use the drawdown chart below to compare losses from any high point for AAA and PULS. For additional features, visit the drawdowns tool.
Volatility
AAA vs. PULS - Volatility Comparison
AAF First Priority CLO Bond ETF (AAA) has a higher volatility of 0.54% compared to PGIM Ultra Short Bond ETF (PULS) at 0.12%. This indicates that AAA's price experiences larger fluctuations and is considered to be riskier than PULS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.