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AAA vs. PULS

Last updated Feb 29, 2024

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.

Key characteristics


AAAPULS
YTD Return1.42%1.04%
1Y Return8.86%6.10%
3Y Return (Ann)3.70%3.03%
Sharpe Ratio4.675.63
Daily Std Dev1.89%1.09%
Max Drawdown-2.64%-5.85%
Current Drawdown-0.58%0.00%

Correlation

0.10
-1.001.00

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.

AAA vs. PULS - Performance Comparison

In the year-to-date period, AAA achieves a 1.42% return, which is significantly higher than PULS's 1.04% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%1.00%2.00%3.00%4.00%5.00%SeptemberOctoberNovemberDecember2024February
4.54%
3.33%
AAA
PULS

Compare stocks, funds, or ETFs


AAF First Priority CLO Bond ETF

PGIM Ultra Short Bond ETF

AAA vs. PULS - Dividend Comparison

AAA's dividend yield for the trailing twelve months is around 6.63%, more than PULS's 5.53% yield.


TTM202320222021202020192018
AAA
AAF First Priority CLO Bond ETF
6.63%6.11%2.78%1.05%0.32%0.00%0.00%
PULS
PGIM Ultra Short Bond ETF
5.53%5.48%2.30%1.19%1.85%2.92%1.87%

AAA vs. PULS - Expense Ratio Comparison

AAA has a 0.25% expense ratio, which is higher than PULS's 0.15% expense ratio.

0.25%
0.00%2.15%
0.15%
0.00%2.15%

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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
AAA
AAF First Priority CLO Bond ETF
4.67
PULS
PGIM Ultra Short Bond ETF
5.63

AAA vs. PULS - Sharpe Ratio Comparison

The current AAA Sharpe Ratio is 4.67, which roughly equals the PULS Sharpe Ratio of 5.63. The chart below compares the 12-month rolling Sharpe Ratio of AAA and PULS.


Rolling 12-month Sharpe Ratio5.005.506.006.507.00SeptemberOctoberNovemberDecember2024February
4.67
5.63
AAA
PULS

AAA vs. PULS - Drawdown Comparison

The maximum AAA drawdown since its inception was -2.64%, smaller than the maximum PULS drawdown of -5.85%. The drawdown chart below compares losses from any high point along the way for AAA and PULS


-0.60%-0.50%-0.40%-0.30%-0.20%-0.10%0.00%SeptemberOctoberNovemberDecember2024February
-0.58%
0
AAA
PULS

AAA vs. PULS - Volatility Comparison

AAF First Priority CLO Bond ETF (AAA) has a higher volatility of 1.00% compared to PGIM Ultra Short Bond ETF (PULS) at 0.16%. 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.


0.20%0.40%0.60%0.80%1.00%SeptemberOctoberNovemberDecember2024February
1.00%
0.16%
AAA
PULS