FRFZX vs. TLT
Compare and contrast key facts about PGIM Floating Rate Income Fund (FRFZX) and iShares 20+ Year Treasury Bond ETF (TLT).
FRFZX is managed by PGIM Investments. It was launched on Mar 29, 2011. TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FRFZX or TLT.
Correlation
The correlation between FRFZX and TLT is 0.21, 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.
Performance
FRFZX vs. TLT - Performance Comparison
Key characteristics
FRFZX:
1.76
TLT:
0.23
FRFZX:
3.14
TLT:
0.41
FRFZX:
1.63
TLT:
1.05
FRFZX:
1.43
TLT:
0.07
FRFZX:
6.13
TLT:
0.44
FRFZX:
0.87%
TLT:
7.49%
FRFZX:
3.04%
TLT:
14.42%
FRFZX:
-21.94%
TLT:
-48.35%
FRFZX:
-2.85%
TLT:
-41.51%
Returns By Period
In the year-to-date period, FRFZX achieves a -1.91% return, which is significantly lower than TLT's 2.09% return. Over the past 10 years, FRFZX has outperformed TLT with an annualized return of 4.71%, while TLT has yielded a comparatively lower -1.24% annualized return.
FRFZX
-1.91%
-1.88%
0.12%
5.23%
8.55%
4.71%
TLT
2.09%
-1.34%
-2.75%
3.98%
-10.04%
-1.24%
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FRFZX vs. TLT - Expense Ratio Comparison
FRFZX has a 0.70% expense ratio, which is higher than TLT's 0.15% expense ratio.
Risk-Adjusted Performance
FRFZX vs. TLT — Risk-Adjusted Performance Rank
FRFZX
TLT
FRFZX vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Floating Rate Income Fund (FRFZX) and iShares 20+ Year Treasury Bond ETF (TLT). 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
FRFZX vs. TLT - Dividend Comparison
FRFZX's dividend yield for the trailing twelve months is around 7.86%, more than TLT's 4.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRFZX PGIM Floating Rate Income Fund | 7.86% | 8.73% | 8.87% | 7.32% | 3.67% | 5.35% | 5.92% | 5.16% | 4.76% | 4.25% | 3.98% | 4.15% |
TLT iShares 20+ Year Treasury Bond ETF | 4.27% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% |
Drawdowns
FRFZX vs. TLT - Drawdown Comparison
The maximum FRFZX drawdown since its inception was -21.94%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for FRFZX and TLT. For additional features, visit the drawdowns tool.
Volatility
FRFZX vs. TLT - Volatility Comparison
The current volatility for PGIM Floating Rate Income Fund (FRFZX) is 1.42%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 5.98%. This indicates that FRFZX experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.