JHLN vs. PFRL

Last updated Jul 17, 2026

JHLN (John Hancock Global Senior Loan ETF) and PFRL (PGIM Floating Rate Income ETF) are both Bank Loan funds. Both are actively managed. At a correlation of -0.04, they often move in opposite directions. JHLN charges 0.59%/yr vs 0.72%/yr for PFRL.

Performance

JHLN vs. PFRL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Global Senior Loan ETF (JHLN) and PGIM Floating Rate Income ETF (PFRL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JHLN achieves a 1.09% return, which is significantly lower than PFRL's 2.72% return.

JHLN

• 1D: -0.24%
• 1M: 0.36%
• 6M: 1.21%
• YTD: 1.09%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PFRL

• 1D: 0.01%
• 1M: 0.70%
• 6M: 2.58%
• YTD: 2.72%
• 1Y: 5.45%
• 3Y*: 7.95%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JHLN vs. PFRL - Yearly Performance Comparison

	2026 (YTD)	2025
JHLN John Hancock Global Senior Loan ETF	1.09%	1.55%
PFRL PGIM Floating Rate Income ETF	2.72%	2.10%

Correlation

The correlation between JHLN and PFRL is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 20, 2025	-0.04

Return for Risk

JHLN vs. PFRL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JHLN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

PFRL

PFRL Risk / Return Rank: 92
PFRL Sharpe Ratio Rank: 94
PFRL Sortino Ratio Rank: 94
PFRL Omega Ratio Rank: 95
PFRL Calmar Ratio Rank: 90
PFRL Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JHLN vs. PFRL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Global Senior Loan ETF (JHLN) and PGIM Floating Rate Income ETF (PFRL). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	JHLN	PFRL	Difference
Sharpe ratio: Return per unit of total volatility	—	2.85	—
Sortino ratio: Return per unit of downside risk	—	4.07	—
Omega ratio: Gain probability vs. loss probability	—	1.60	—
Calmar ratio: Return relative to maximum drawdown	—	4.37	—
Martin ratio: Return relative to average drawdown	—	14.83	—

Drawdowns

JHLN vs. PFRL - Drawdown Comparison

The maximum JHLN drawdown since its inception was -1.46%, smaller than the maximum PFRL drawdown of -8.83%. Use the drawdown chart below to compare losses from any high point for JHLN and PFRL.

Drawdown Indicators

	JHLN	PFRL	Difference
Max Drawdown Largest peak-to-trough decline	-1.46%	-8.83%	+7.37%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.25%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-8.83%	—
Current Drawdown Current decline from peak	-0.24%	-0.09%	-0.15%
Average Drawdown Average peak-to-trough decline	-0.29%	-0.43%	+0.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.37%	—

Volatility

Volatility by Period

	JHLN	PFRL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.43%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.56%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.59%	1.92%	+0.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.59%	4.80%	-2.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.59%	4.80%	-2.21%

JHLN vs. PFRL - Expense Ratio Comparison

JHLN has a 0.59% expense ratio, which is lower than PFRL's 0.72% expense ratio.

Dividends

JHLN vs. PFRL - Dividend Comparison

JHLN's dividend yield for the trailing twelve months is around 4.30%, less than PFRL's 6.66% yield.

Position	TTM	2025	2024	2023	2022
JHLN John Hancock Global Senior Loan ETF	4.30%	1.88%	0.00%	0.00%	0.00%
PFRL PGIM Floating Rate Income ETF	6.66%	7.34%	8.96%	9.84%	3.55%

Frequently Asked Questions

Can I hold both JHLN and PFRL in my portfolio?

JHLN and PFRL have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JHLN or PFRL?

On fees, JHLN is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JHLN or PFRL?

JHLN is cheaper with a 0.59% expense ratio, compared with 0.72% for PFRL.

Which ETF pays a higher dividend yield, JHLN or PFRL?

PFRL has the higher dividend yield at 6.66%, compared with 4.30% for JHLN.

What is the main difference between JHLN and PFRL?

They also come from different issuers: John Hancock and PGIM. Their fees differ too: 0.59% for JHLN and 0.72% for PFRL.