Correlation
The correlation between HSRT and PAAA is 0.14, 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.
HSRT vs. PAAA
Compare and contrast key facts about Hartford Short Duration ETF (HSRT) and PGIM AAA CLO ETF (PAAA).
HSRT and PAAA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HSRT is an actively managed fund by The Hartford. It was launched on May 30, 2018. PAAA is an actively managed fund by PGIM. It was launched on Jul 19, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HSRT or PAAA.
Performance
HSRT vs. PAAA - Performance Comparison
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Key characteristics
HSRT:
1.17
PAAA:
4.35
HSRT:
1.50
PAAA:
5.48
HSRT:
1.42
PAAA:
2.87
HSRT:
1.66
PAAA:
5.94
HSRT:
14.42
PAAA:
48.22
HSRT:
0.35%
PAAA:
0.13%
HSRT:
4.31%
PAAA:
1.40%
HSRT:
-10.77%
PAAA:
-1.04%
HSRT:
-0.68%
PAAA:
0.00%
Returns By Period
In the year-to-date period, HSRT achieves a 0.92% return, which is significantly lower than PAAA's 2.03% return.
HSRT
0.92%
0.12%
1.43%
4.95%
4.74%
2.90%
N/A
PAAA
2.03%
0.83%
2.58%
6.06%
N/A
N/A
N/A
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HSRT vs. PAAA - Expense Ratio Comparison
HSRT has a 0.29% expense ratio, which is higher than PAAA's 0.19% expense ratio.
Risk-Adjusted Performance
HSRT vs. PAAA — Risk-Adjusted Performance Rank
HSRT
PAAA
HSRT vs. PAAA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Short Duration ETF (HSRT) and PGIM AAA CLO ETF (PAAA). 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.
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Dividends
HSRT vs. PAAA - Dividend Comparison
HSRT's dividend yield for the trailing twelve months is around 6.41%, more than PAAA's 5.35% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
HSRT Hartford Short Duration ETF | 6.41% | 6.37% | 3.98% | 2.67% | 2.23% | 2.88% | 3.50% | 1.62% |
PAAA PGIM AAA CLO ETF | 5.35% | 5.88% | 2.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HSRT vs. PAAA - Drawdown Comparison
The maximum HSRT drawdown since its inception was -10.77%, which is greater than PAAA's maximum drawdown of -1.04%. Use the drawdown chart below to compare losses from any high point for HSRT and PAAA.
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Volatility
HSRT vs. PAAA - Volatility Comparison
Hartford Short Duration ETF (HSRT) has a higher volatility of 0.94% compared to PGIM AAA CLO ETF (PAAA) at 0.32%. This indicates that HSRT's price experiences larger fluctuations and is considered to be riskier than PAAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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